Research Report on Global Connected Car Market 2014 to 2021 added by DecisionDatabases.com studies the current and upcoming Market Size, Share, Demand, Growth, Trend and Forecast.
A connected car is a car that is provided with internet access and is connected to the local area network (LAN). The connected car helps to facilitate the real time connection between the driver and the passengers. It also helps in real-time monitoring of the vehicle’s status and operation, tracking of the vehicle in the event of road mishaps and optimization of routes and driving expenses.
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The connected car market is segmented according to applications as vehicle management, driver assistance, mobility management, safety, entertainment and others. Safety applications segment has the greatest market share and is expected to grow during the forecast period. The safety technologies such as danger automatic emergency calling, anti-collision systems, warning systems and blind spot alerts has made modern cars safer. Thus, they help in road safety and reduction of overall accidents. Driver assistance systems are expected to grow during the forecast period.
The key drivers for connected car market are the growing number of tech-savvy population, dependence on technology and constant need for connectivity. The increasing regulations by governments for the installation of advanced safety and vehicle management systems is expected to fuel the growth of the market. The key constraints in this market are product innovations and high cost of manufacturing.
Major player assessed in the report are :
– General Motors
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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SEGMENTATIONS IN REPORT :
1. Connected Car By Application :
– Vehicle Management
– Driver Assistance
– Mobility Management
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