Skip to main content

Connected Car Device Market: Will Generate Massive Revenue In Future – A Comprehensive Study On Key Players

Transparency Market Research has published a new report titled, “Connected Car Device Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global connected car device market is anticipated to surpass US$ 20 Bn by 2026, expanding at a CAGR of more than 11% during the forecast period.

Demand for vehicle connectivity driven by consumers, government, insurance companies, and auto manufactures is expected to rise at a steady pace during the forecast period. Connectivity services such as navigation, infotainment, entertainment, usage-based insurance, and security are witnessing high demand promoting the use of connected car devices.

Planning To Lay Down Future Strategy? Request Brochure https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27443

In terms of sales, the demand for retrofit solutions, i.e., the OBD dongle, is expected to rise till 2023. Retrofit connecting devices can be utilized by all vehicles registered after 1996, as they contain an OBD port. Retrofit devices have independent hardware and software and hence, are highly cost-effective as compared to built-in devices. Automakers are investing significantly to build proprietary built-in solutions for car connectivity.

Strong emphasis by governments of countries in Europe and the Government of Brazil to mandate embedded telematics in cars is estimated to boost the built-in segment of the connected car device market. Sales of retrofit connecting devices are expected to suffer post 2021, as a majority of new vehicles are likely to contain built-in connected devices. Increasing importance of smartphones and apps is expected to drive the smartphone sub-segment of the built-in segment of the connected car device market during the forecast period.

In terms of vehicle type, the heavy commercial vehicle segment is expected to expand significantly, as fleet truck operators are integrating telematics with truck platooning and hence, it has become imperative for trucks to be connected. Connected trucks overcome several challenges faced by the trucking industry, such as managing fleet operation, driver management, freight efficiency, and fuel consumption.

To Obtain All-Inclusive Information On Forecast Analysis Of Market, Request A Custom Report

Based on region, the global automotive connected car device market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe held a prominent share of the market, in terms of volume, in 2017. However, Asia Pacific is expected to lead the global market by 2026, owing to the rise in demand for connectivity in China and India. China also is a major supplier of retrofit connected car devices, globally, due to low cost of the hardware in the country.

Key players operating in the global connected car device market include Delphi Connect, DENSO Corporation, Robert Bosch GmbH, Preh GmbH, Harman International, Infineon Technologies AG, Hella GmbH & Co. KGaA, Valeo SA, NXP Semiconductors, AISIN SEIKI Co., Ltd., ZF Friedrichshafen AG, u-blox AG, and Continental AG.

 

Comments

Post a Comment

Popular posts from this blog

Aerospace Window Frame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Aerospace window frames are used in the cockpit windshields and passenger cabin windows to provide rigidity to the windows. Metal window frame is used widely in aircrafts. Increase demand of cockpit windshield frame in different countries such as India, Brazil and China among others is the one of the major factor boosting the market for aerospace window frame during the forecast period of 2017 – 2025. Based on aircraft type, the global aerospace window frame market is segmented into wide body aircraft, narrow body aircraft, very large aircraft, general aviation and regional aircraft. Among various aircraft types, in 2016, the wide body aircraft segment is estimated to be the major market followed by very large aircraft and expected to be the same during the forecast period of 2017 – 2025. Increasing regional and commercial aircraft deliveries is expected to be one of the major factor fueling the regional aircraft segment in global aerospace window frame market during the fo...
Post a Comment
Read more

Signal Diode Market: An Insight On the Important Factors and Trends Influencing the Market

The electronic devices such as portable communications, video equipment and computing devices are challenging the semiconductor industry to design, develop and manufacture the small electronic components. The  signal diodes  are the nonlinear semiconductor devices used in electronics circuits where high frequencies or small current is required. They are made to carry upto several KA of current when forward biased and are bale to block the KV when reverse biased. Signal diodes are also called as point contact diode, switching diode and glass passivated diode and are smaller is size as compared to other types of diodes. The signal diode is enclosed in a glass like structure to protect the PN junction. The signal diode has red and black color band at one end of the diode to identify the cathode terminal. The small signal diodes are characterized by the low power and current ratings. These signal diodes have various applications in digital communications and signal processing....
Post a Comment
Read more

3D Printing Market: Opportunity Analysis and Industry Forecast upto 2025

Presence of several large and small players has rendered vendor landscape in the  global 3D printing market  highly fragmented. As these companies rival in terms of innovation, the market is expected to witness launch of various improvements and upgrades in the coming years. According to a new study by Transparency Market Research (TMR), Solidscape, Inc., EOS GmbH, and Stratasys, Ltd. emerged as dominant players in the global 3D printing market in 2016. These companies enjoy a widespread geographic presence, which has helped them stay ahead of the curve. Some of the other prominent enterprises in the global 3D printing market are ExOne GmbH, Concept Laser GmbH, SLM Solutions GmbH, Optomec, Voxeljet Technology GmbH, and Arcam AB. As per TMR, the global 3D printing market will rise at an impressive 18% CAGR between 2017 and 2025. At this pace the market will reach US$32.3 bn 2025 from US$7.3 bn in 2016. The global 3D printing market is still at its budding stage hence with the...
Post a Comment
Read more