Summary
The global Connected Car Softwares Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
A connected car refers to any car that can communicate bidirectionally with other systems outside of the car. This allows car to share data with other devices both outside and inside the vehicle. The global connected car software market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global connected car software market is expected to witness significant growth during the forecast period, owing to the reduction in fuel consumption.
Market Drivers
Increasing adoption of connected car services is expected to drive growth of the global connected car software market during the forecast period. A connected vehicle can send or access data, download software updates/patches, connect with other devices, and provide WiFi internet for passengers. May automobile manufacturers are introducing connected car services, to augment the user experience and improve the vehicle’s performance. For instance, in February 2021, Ford Motor Company entered into a six-year deal with Google Inc. to bring significant changes to the way cars are designed and built as well as enhance the user experience. Hence, such factors are expected to drive growth of the global connected car software market growth over the forecast period. Furthermore, a reduction in fuel consumption is expected to propel the global connected car software market growth over the forecast period.
Market Restraints
Lack of adequate infrastructure for the proper functioning of connected cars is expected to hamper the global connected car software market growth over the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global connected car software market during the forecast period. This is owing to increasing rising disposable income and growing urbanization in the region. Furthermore, North America is expected to register a robust growth rate, owing to the presence of major market players such as Airbiquity, GlobalLogic, and Harman in the region.
Competitive Section
Key players involved in the global connected car software market are Airbiquity, Bosch, Kaa, Ignite, Connexion, Nordsys, GlobalLogic, and Harman.
For instance, in February 2021, Bosch partnered with Microsoft Corporation to develop connected car software providing various smart functionality such as managing, media, and navigation.
The Connected Car Softwares Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Connected Car Softwares Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Airbiquity
- Bosch
- CloudMade
- Intellias
- Connexion
- GlobalLogic
- Harman
- Kaa
- Ignite
- Nordsys
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Connected Car Softwares Market Report:
- To assess the size of the market by value and volume
- Analyze the Connected Car Softwares Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Connected Car Softwares Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Connected Car Softwares Market
The Connected Car Softwares Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Connected Car Softwares Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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