Connected Car Market Size by Service By Region – Global Opportunities & Forecast, 2020-2027 from MUBAZ's blog

Global Connected Car Market

The Connected Car Market will elevate at a higher rate over the forecast period. This is because of the rapidly accelerating urban population, increasing emphasis towards the introduction of platforms, and the inclination towards technology-driven vehicles to have a better driving experience.

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Connected Car Market Dynamics

The integration of modernised diagnostic system in the connected car to keep a check on the carbon emission and fuel consumption by vehicles in order to supervise the overall hearth of engine is the foremost reason responsible for the growth of the global connected car market. Further, the intensified initiatives by the government to establish smart transportation system to ameliorate the safety of passengers and drivers will strengthen the Connected Car market opportunities. Further, several leading global giants are increasingly emphasising on the establishment of sophisticated connecting systems which operates in the same way as tablets and smartphones are promoting the market growth. Also, the surging demand for better user comfort and the increasing tendency of in-vehicle connectivity solution among the desired consumers are other factors stimulating the market growth. The in-vehicle connectivity solution helps individuals to sync their smartphones to enable the users receive or make phone calls, thus alluring a large number of individuals to adopt connected cars. However, the risk of breakage of in-vehicle solutions will restrain the Connected Car market size.

 

Form Segment Drivers

On the basis of form, embedded form of connectivity is projected to witness a significant growth during the forecast period. This is because of the mounting demand of cloud-based services and the convenient availability of economical service plans. As per the Connected Car market research, embedded connectivity solution in the car enables distant diagnostics, thereby bolstering the market growth. In addition, the rigorous norms enforced by the government of various nations in order to authorise the embedded form of connectivity will strengthen the market growth.

About GMI Research

GMI Research is a statistical surveying and counselling organization that offers business experiences and statistical surveying reports for huge and little and medium ventures. Our reports assist the customers in formulating key business strategies and accomplish feasible development in the specific market area.

 

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By MUBAZ
Added Nov 20 '21

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