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Global Connected Car Market size was valued at USD 24.2 billion in 2021 and is poised to grow from USD 28. 92 billion in 2022 to USD 100.64 billion by 2030, at a CAGR of 19.5% during the forecast period (2023-2030).
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Global Connected Car Market Size, Share, Growth Analysis, By Technology, By Network Type- Industry Forecast 2023-2030 Global Connected Car Market size was valued at USD 24.2 billion in 2021 and is poised to grow from USD 28. 92 billion in 2022 to USD 100.64 billion by 2030, at a CAGR of 19.5% during the forecast period (2023-2030). With the use of RADAR, LiDAR, and sophisticated sensors, the vehicle's data are shared. Vehicle 2 Vehicle (V2V) and Vehicle to Infrastructure (V2I) systems are examples of cutting-edge connectivity technologies that automakers have created recently. As a result of the driver receiving real-time information about the vehicle's surroundings, vehicles that are connected to numerous equipment help to improve safety. The adoption of linked automobiles is primarily intended to prevent collisions, lower fatalities, and improve vehicle management. Connected cars offer connectivity on wheels by providing comfort, convenience, performance, safety. The driver can converse in real time by establishing a connection to web networks. The rise in consumer demand for connectivity solutions, the surge in the need for constant connectivity,
growing dependence on technology, and the rise in the population of tech-savvy individuals are the main factors driving the growth of the market. The market is anticipated to develop in part due to elements like technical advancements, an increase in vehicle manufacturing, and a rise in demand for luxury and comfort in cars. The development of improved suspension systems and the rise in demand for lightweight suspension systems, however, are predicted to offer a better chance for market growth.
Global Connected Car Market Segmental Analysis Global Connected Car Market is segmented on the basis of technology, network type, sale channels and region. By technology, the market is segmented into embedded, tethered, integrated systems. By network type, the market is segmented into 3G, 4G, 5G, satellite. By sale channels, the market is segmented into oem and aftermarket. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. View more https://www.skyquestt.com/report/connected-car- market Connected Car Market Top Player’s Company Profiles •BMW (Germany) •General Motors (USA) •Audi (Germany) •Ford (USA) •Mercedes-Benz (Germany)
•Toyota (Japan) •Tesla (USA) •Volkswagen (Germany) •Nissan (Japan) •Volvo (Sweden) •Honda (Japan) •Porsche (Germany) •Hyundai (South Korea) •Kia (South Korea) •Fiat Chrysler Automobiles (USA) •Renault-Nissan-Mitsubishi Alliance (France, Japan) •Tata Motors (India) •PSA Peugeot Citroën (France) •Geely (China) •SAIC Motor Corporation (China) •Daimler (Germany) •Jaguar Land Rover (UK)
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