Connected Automotive Market Competitive Research And Precise Outlook 2023 To 2030

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Connected Automotive Market
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Market Overview
The global market for connected cars is expected
to grow at a CAGR of 10.8 from 2022 to 2030.A
connected car is one that can connect to the
internet and generally has a wireless local area
network as well.Increased business compliance
standards and government rules that support
connected technology in passenger cars have been
named as key drivers. But in the future, the rise
of the connected car market could be slowed down
by things like limited network coverage, delays
caused by a lack of standardization, and worries
about data privacy and cybersecurity.The market
is rising because OEMs want more connected cars
and aftermarket services are becoming more
popular. By type, the global market for connected
vehicles is split into embedded, tethered, and
combined systems. The embedded systems segment is
projected to have the biggest share of the global
connected vehicle market in 2018.

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By Region
Asia-Pacific had more than 40 of the world
market's income in 2017. OEMs and cell
connectivity providers like Qualcomm Inc. put
more money into developing countries like China
and India, which showed that the region was
growing. For example, a recent study on connected
cars in China done by IHS Markit found that more
than 80 makers are currently working on connected
cars in China at different stages of development.
Also, countries like Japan were among the first
to use new tools in all fields. So it shouldn't
be a surprise that they are also the first to buy
linked cars.During the time of the forecast,
North America is expected to be one of the most
profitable regions. This is because consumers are
becoming more aware of vehicle problems and their
effects, as well as the need to maintain and
improve their vehicles through software upgrades.
Or, instead of changing a real part (like the
engine or transmission), put on a patch.
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The Global Connected Automotive Market has been
segmented into

• By Type
• Embedded
• Tethered
• Integrated
• Other

By Application

• Original Equipment Manufacturer (OEM)
• Aftermarket
• Other

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The Global Connected Automotive Market has been
segmented into

• By Region
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• By Region
• North America
• US
• Canada
• Mexico
• Rest of North America
• The Middle East Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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Key Market Updates
The main thing driving the connected car market
is the rise of ADAS technologies, which make cars
safer. Governments in different countries also
focus on making certain ADAS and safety measures
required. There are different ADAS functions that
are required in both Europe and the US. For
example, Anti-lock Braking System (ABS) is
required on all new cars sold in the EU since
2004, and Electronic Stability Control (ESC)
became required in 2014. Autonomous Emergency
Braking (AEB) has been required for all
commercial cars sold in the EU since 2015. In the
same way, connected car features like e-call have
been required in all new cars sold in the EU
since April 2018. As governments require ADAS and
other safety-related connected car features, the
overall demand for connected cars has grown.Due
to limited network connectivity on highways,
vehicles are not linked to each other or the
cloud. In developing countries like Mexico,
Brazil, and India, IT infrastructure growth on
highways is slower than in developed economies
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Market Players

• Continental
• Delphi
• Denso
• Bosch
• Harman
• NXP
• Infineon
• ZF
• Autoliv
• Valeo
• Aisin Seiki
• Hella
• Others.

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