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The connected car market is in its nascent stage, and is contributing significant revenue for the overall automotive industry. Moreover, the connected car technology has witnessed increasing popularity among end users. In addition to the advantages, increase in its awareness among consumers is expected to lead to rapid growth of the market during the forecasted period.
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Connected Car Market Size, Share, Trends, Growth andOpportunity Analysis and Industry Forecast, 2018 -2025 "Global Connected Car Market by Technology, Connectivity Solutions, Services, and End Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global connected car market was valued at $63,026.0 million in 2017, and is projected to reach $225,158.0 million by 2025, registering a CAGR of 17.1% from 2018 to 2025. At present, North America dominates the market, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global connected car market in 2017, whereas Mexico is expected to grow at a significant growth rate in North America during the forecast period. Moreover, rise in trend of connectivity solutions and ease of vehicle diagnosis are expected to boost the growth of the market. In addition, increase in need of safety & security fuels the market growth. However, threat of data hacking, high installation cost, and unavailability of uninterrupted & seamless connectivity are the critical factors that restrict the growth of this market. The top impacting factor of report rise in trend of connectivity solutions, ease of vehicle diagnosis, threat of data hacking and intelligent transportation system Factors such as rise in trend of connectivity solutions and ease of vehicle diagnosis fuel the growth of the connected cars market. In addition, increase in need for safety & security boosts the market growth. However, threat of data hacking and high installation cost hinder the market growth. Moreover, unavailability of uninterrupted & seamless connectivity restricts the growth of the market. Conversely, integration of intelligent transportation system in connected cars and improved performance of autonomous vehicles are anticipated to provide remunerative opportunities for the market expansion. Download Sample Copy of Report: https://www.alliedmarketresearch.com/request- sample/153 Key Findings of the Global Connected Car Market: •The 3G segment in technology generated the highest revenue in 2017. •In 2017, the integrated segment was the highest revenue contributor in the connectivity solutions category. •By service, the safety segment generated the highest revenue in 2017.
•In 2017, the OEM segment was the highest revenue contributor in the end market category. •Europe is anticipated to exhibit the highest CAGR during the forecast period. •In 2017, North America contributed the highest market revenue, followed by Europe, Asia-Pacific, and LAMEA. The key players analyzed in this report are Telefonica, Verizon Wireless, HARMAN International., TomTom International BV., AT&T Intellectual Property, Vodafone Group, Ford Motor Company, BMW AG, AUDI AG., Mercedes-Benz, and others. Enquiry and Purchase Report: https://www.alliedmarketresearch.com/purchase- enquiry/153 Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1⟨855⟩550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com
