Connected Automotive Market Competitive Research And Precise Outlook 2023 To 203

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6. MarketOverview The global market for connected cars is expected to grow at a CAGR of 10.8% from 2022 to 2030.A connected car is one that can connect to the internet and generally has a wireless local area network as well.Increased business compliance standards and government rules that support connected technology in passenger cars have been named as key drivers. But in the future, the rise of the connected car market could be slowed down by things like limited network coverage, delays caused by a lack of standardization, and worries about data privacy and cybersecurity.The market is rising because OEMs want more connected cars and aftermarket services are becoming more popular. By type, the global market for connected vehicles is split into embedded, tethered, and combined systems. The embedded systems segment is projected to have the biggest share of the global connected vehicle market in 2018.

7. By Region: Asia-Pacific had more than 40% of the world market's income in 2017. OEMs and cell connectivity providers like Qualcomm Inc. put more money into developing countries like China and India, which showed that the region was growing. For example, a recent study on connected cars in China done by IHS Markit found that more than 80 makers are currently working on connected cars in China at different stages of development. Also, countries like Japan were among the first to use new tools in all fields. So it shouldn't be a surprise that they are also the first to buy linked cars.During the time of the forecast, North America is expected to be one of the most profitable regions. This is because consumers are becoming more aware of vehicle problems and their effects, as well as the need to maintain and improve their vehicles through software upgrades. Or, instead of changing a real part (like the engine or transmission), put on a patch.

8. The Global Connected Automotive Market has been segmented into: • By Type • Embedded • Tethered • Integrated • Other By Application • Original Equipment Manufacturer (OEM) • Aftermarket • Other

9. The Global Connected Automotive Market has been segmented into: • By Region • Europe • Germany • France • Italy • Spain • UK • Nordic Countries • Denmark • Finland • Iceland • Sweden • Norway • Benelux Union • Belgium • The Netherlands • Luxembourg • Rest of Europe • By Region • North America • US • Canada • Mexico • Rest of North America • The Middle East & Africa • Saudi Arabia • UAE • Egypt • South Africa • Rest of the Middle East & Africa • Latin America • Brazil • Argentina • Rest of Latin America • ByRegion • Asia-Pacific • Japan • China • India • Australia • South Korea • Southeast Asia • Indonesia • Thailand • Malaysia • Singapore • Rest of Southeast Asia • Rest of Asia-Pacific

10. Key Market Updates: The main thing driving the connected car market is the rise of ADAS technologies, which make cars safer. Governments in different countries also focus on making certain ADAS and safety measures required. There are different ADAS functions that are required in both Europe and the US. For example, Anti-lock Braking System (ABS) is required on all new cars sold in the EU since 2004, and Electronic Stability Control (ESC) became required in 2014. Autonomous Emergency Braking (AEB) has been required for all commercial cars sold in the EU since 2015. In the same way, connected car features like e-call have been required in all new cars sold in the EU since April 2018. As governments require ADAS and other safety-related connected car features, the overall demand for connected cars has grown.Due to limited network connectivity on highways, vehicles are not linked to each other or the cloud. In developing countries like Mexico, Brazil, and India, IT infrastructure growth on highways is slower than in developed economies

11. Market Players • Continental • Delphi • Denso • Bosch • Harman • NXP • Infineon • ZF • Autoliv • Valeo • Aisin Seiki • Hella • Others.

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