Global Connected Car Devices Market 2021 is expected to register a CAGR of 29.44%, during forecast period with Impact of Covid 19 Analysis

Connected

Global “Connected Car Devices Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Connected Car Devices in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Connected Car Devices Market report categorizes the market based on manufacturers, regions, type, and application. Connected Car Devices Market reports offer a detailed assessment of the Connected Car Devices including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Connected Car Devices market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global connected car devices market is expected to reach USD 2,070.06 million by 2023 at a CAGR of 29.44%. In 2016, the market accounted to USD 340.05 million. Connected car devices essentially assist in monitoring vehicles and drivers. The devices also keep private automobile owners, as well as fleet managers are updated about their vehicle’s performance on the fuel economy index, emissions, on-board diagnostics (OBD), vehicle maintenance, and recalls. Some devices also provide GPS tracking and real-time alerts. The major factors that are driving the market, are increasing incidence of vehicle theft and a robust spike in the number of road accidents, particularly due to unsafe driving habits, like over-speeding, hard cornering, and unmanageably dense traffic, among many others. Apart from the aforementioned drivers, vehicle connectivity has also gained traction, due to the preference of in-car Wi-Fi hotspots and data services providing infotainment facilities.

Increasing Incidence of Vehicle Theft and Road Accidents

Increasing incidence of vehicle theft is directing customers’ attention to a surveillance system that can monitor their vehicle and send timely updates about its geographic location. According to the Interpol, 7.4 million motor vehicles were stolen in December 2015 compared to 6.8 million in 2014. Additionally, surge in road accidents due to unsafe driving habits is also leading customers to adopt connectivity in their cars, so they can remain updated about on-board diagnostics, the performance of electronic control systems, etc.

In 2016, road crash statistics report 174 road fatalities per million inhabitants, globally. According to the Center for Disease Control and Prevention, road traffic injuries may become the seventh leading cause of death, globally. There are many applications that enable owners to interact with the vehicle even from a certain distance. For example, a plug-in device, known as DriveMate, sends live location data via SMS and email alerts, to prevent instances of auto-theft. This also includes real-time notifications whenever the ignition is turned on or off, or if the device is unplugged. A typical car communication system involves vital enhancements, including sensors that manage the efficiency of Car-To-Home (C2H), traffic patterns of Car-To-Car (C2C) and communications between Cars-To-Passengers (C2P).

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The global Connected Car Devices market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Connected Car Devices Market Report covers the Top Key-players in 2021:-

  • Denso Corporation
  • Autoliv Inc.
  • Aptiv PLC
  • Robert Bosch GmbH
  • Continental AG

Highlighted points of Connected Car Devices Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Connected Car Devices Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Connected Car Devices? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Connected Car Devices Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Connected Car Devices Market? What Was Capacity, Production Value, Cost and PROFIT of Connected Car Devices Market?
  • What Is Current Market Status of Connected Car Devices Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Connected Car Devices Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Connected Car Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Connected Car Devices Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Connected Car Devices Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Connected Car Devices Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Connected Car Devices Industry?

Key Developments in the Connected Car Devices Market:

  • August 2017 – Travelers acquired UK-based Simply Business from Aquiline Capital Partners for approximately USD 490 million, which is a leading UK. distributor of small business insurance policies, offering products online on behalf of a broad panel of carriers
  • March 2017 – Edmunds, the leading car shopping and information platform, and State Farm, the nation’s top auto insurer, announced a new affinity relationship recognizing the importance of innovation and consumer trust in the increasingly digital car shopping process

    Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the product type that is expected to dominate the market
  • Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

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    Finally, the report Global Connected Car Devices Market 2021 describes the Connected Car Devices industry expansion game plan, the Connected Car Devices industry knowledge supply, appendix, analysis findings, and the conclusion.

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