Product ID: SQMIG25AG2015
Global Connected Car Market Size, Share, Growth Analysis, By Technology(Embedded, Tethered), By Component(Hardware, Software), By Distribution Channel(OEM, Aftermarket) - Industry Forecast 2024-2031
Report ID:
SQMIG25AG2015 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
89 |
Figures:
76
Global Connected Car Market Regional Insights
North America has emerged as the largest market region for connected car market around the globe. The automotive sector is solid in the North American region, the technology hubs are emerging, and the consumers are adopting the deployed connected car technology at a high rate, which puts the North America region at the forefront in the connected car domain. A region has advantages in terms of the positive regulatory factors, convenient connectivity infrastructure and the techno-consumer awareness thanks to which new vehicles are enthusiastically accepted. The region essentially gives birth to the concept of ´connected car´ with major automotive OEMs and technology companies closing in the area. Furthermore, the uprising of core participants and the continuity of research & development initiatives play an important role in topping the chart of North American market for connected cars.
Asia-Pacific is the emerging leader, leading the charge in the connected car market globally. Fast economic growth, urbanization, and the on-going rise in essence incomes are putting in great request for connected vehicle systems in the countries the brains of China, Japan and South Korea. The fast-growing consumer knowledge on the safety, convenience, and entertainment advantages in driversless vehicles is driving the adoption and utilization of the connected car technology in the region. Lastly, government campaigns encouraging smart transport and upgrading of road infrastructure are among the multiple factors influencing the development of connected cars in the Asia-Pacific region. Automotive sector has been increasingly growing in this region and consumers are becoming more and more tech oriented. So, Asia Pacific becomes the greatest region to grow at market expending and innovations in the connected vehicle field.
Global Connected Car Market Report Snapshots
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