The connected vehicles market size will record an incremental growth of 23.45 million units and a CAGR of over 7% during 2020-2024.
This market report entails segmentation by type (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, and South America). View our sample report to gather market insights on the segmentations.
The connected vehicles market report also analyzes the market's competitive landscape and offers information on several market vendors, including BMW AG, Daimler AG, Fiat Chrysler Automobiles NV, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Nissan Motor Co. Ltd., Toyota Motor Corp., and Volkswagen AG.
What will the Connected Vehicles Market Size be in 2020?
View the TOC and LoE with selected illustrations and example pages of connected vehicles market
The connected vehicles market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies.
The market structure is fragmented. With the shift in consumer behavior owing to the COVID-19 pandemic, the vendors are focusing on leveraging upcoming trends and drivers that have been identified and explored in this connected vehicles market analysis report. Factors such as the safety and mobility benefits offered by connected vehicles will offer immense growth opportunities. The report also covers challenges and strategies to dodge them, which will help vendors in recreating their plan of action to obtain growth opportunities in the future.
To make the most of the opportunities, vendors should also capitalize on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post-COVID-19 impact on each product and service segments.
Which are the Key Regional Markets for Connected Vehicles Market?
The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the connected vehicles market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The government regulations on mandating connected features in vehicles will significantly influence connected vehicles market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
69% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for connected vehicles in the region. This report provides estimations of the contribution of all regions to the growth of the connected vehicles market size.
Leading companies, competitive strategies, consumer engagement scope
BMW AG, Daimler AG, Fiat Chrysler Automobiles NV, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Nissan Motor Co. Ltd., Toyota Motor Corp., and Volkswagen AG.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period
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BMW AG, Daimler AG, Fiat Chrysler Automobiles NV, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Nissan Motor Co. Ltd., Toyota Motor Corp., Volkswagen AG are a few of the key vendors in the connected vehicles market.