The Business Research Company’s Connected Cars Global Market Report 2022 – Market Size, Trends, And Forecast 2022-2026
LONDON, GREATER LONDON, UK, June 15, 2022 /EINPresswire.com/ — According to ‘Connected Cars Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the connected cars market size is expected to grow from $59.83 billion in 2021 to $69.2 billion in 2022 at a compound annual growth rate (CAGR) of 15.7%. The global connected car market is expected to grow to $123.87 billion in 2026 at a CAGR of 15.7%. An increase in efforts by governments for developing intelligent transportation systems will drive the connected cars market.
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The global connected cars market consists of sales of connected cars and related services. Connected cars are cars empowered with internet access and a local area network that helps to communicate with other vehicles. These cars have a wide range of sensors that transmits and receives signals by the manufacturers in conjunction with the services to enhance the consumer experience with the real-time interaction of the vehicles. These cars can be connected with smartphones or other mobile phones and allow the driver to mechanically monitor the performance of the car.
Global Connected Cars Market Trends
Connected car companies are increasingly developing new technologies such as digital and autonomous technologies to increase their revenue and also to gain a competitive edge over their rivals.
Global Connected Cars Market Segments
The global connected cars market is segmented:
By Product Type: Embedded, Tethered, Integrated, Others
By Service: Driver Assistance, Safety, Entertainment, Well-Being, Vehicle Management, Mobility Management, Others
By Application: Navigation, Infotainment, Telematics
By Geography: The global connected cars market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
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Connected Cars Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides connected cars global market overviews, connected cars global market analysis and connected cars global market forecast market size and growth, connected cars global market share, connected cars global market segments and geographies, connected cars global market players, connected cars global market leading competitor revenues, profiles and market shares. The connected cars market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Connected Cars Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Robert Bosch GmbH, Ford Motor Company, BMW, Audi AG, General Motors, Delphi, AT&T Inc, Airbiquity, Visteon, and Mercedes-Benz
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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