Connected Car Devices Market - Driver Analysis, Industry Growing Factors, Revenue Outlook 2021

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The report "Connected Car Devices Market by Communication Type (V2V, V2I, V2P), Connectivity Type (DSRC, Cellular Network), Product Type (Das, Telematics), Vehicle Type (PC, LCV & HCV), Electric Vehicle Type (BEV, HEV, PHEV, FCV) and Region - Global Forecast to 2021", The connected car devices market is projected to grow at a CAGR of 16.3% from 2016 to 2021, to reach USD 57.15 Billion by 2021. Some of the major factors responsible for the growth of the market are government regulations for safety and increasing electrification of vehicles.

The following are the major objectives of the study.
  • To define and segment the connected car devices (CCD) market (2016–2021), by volume (‘000 units) and value (USD million)
  • To provide a detailed analysis of various forces acting in the connected car devices market (drivers, restraints, opportunities, and challenges)
  • To analyze the regional markets for growth trends, prospects, and their contribution to the overall market
  • To segment and forecast the size of the CCD market, by region into- North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
  • To segment and forecast the size of the CCD market, by communication type based on vehicle to vehicle, vehicle to infrastructure, vehicle to pedestrian and other communication types
  • To segment and forecast the size of the CCD market, by product type based on driver assistance systems (DAS), telematics, and others
  • To segment and forecast the size of the CCD market based on mode of connectivity into dedicated short-range communication (DSRC) and cellular network/Wi-Fi
  • To segment and forecast the size of the CCD market, by vehicle type based on passenger car, light commercial vehicles, heavy commercial vehicles, and battery electric vehicles (BEV)
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants
Dedicated Short Range Communication (DSRC): Promising technology in connected car devices
Connected car devices with DSRC as connectivity use short range communication technologies such as Radar and Lidar, which are designed for a communication range up to 1000 feet. DSRC allows rapid communications between connected car networks, and is used for various applications in the modern automobiles. The high demand for DSRC can be attributed to several advantages offered by the technology in connected vehicle applications. DSRC as connectivity technology is used in various vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) applications such as adaptive cruise control, park assist systems, and collision avoidance system among others.
Early buyers will receive 10% customization on reports.
Telematics Systems: Upcoming mandates in Asia-Pacific to drive the demand
The global connected car devices market is estimated to be dominated by the telematics devices during the review period. Telematics systems have been mandated in all passenger cars in most of the advanced economies of Europe and North America. Furthermore, Asian countries such as China and India are investigating the benefits of telematics technology as well. Download the pdf brochure
Asia-Pacific: Largest market for connected car devices
Asia-Pacific was estimated to be the largest market for connected car devices in 2016, owing to the increasing vehicle production in countries such as Japan, China, and India and stringent safety regulations in these countries. Changing government approach towards vehicle, driver, passenger, and pedestrian safety has imposed many regulations, which mandate automobile manufacturers to deliver vehicles with installed safety features. Additionally, improving socio-economic conditions in countries such as India, Thailand, and Indonesia have resulted in the growth of demand for premium segment passenger cars, which in turn has accelerated the market for connected car devices in these countries.
The report covers all the major players in the global connected car devices market such as Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive, PLC (U.K.), Robert Bosch GmbH (Germany), and Autoliv, Inc. (Sweden) among others. Buy Now
Source:
https://www.marketsandmarkets.com/Market-Reports/connected-car-devices-market-233573128.html
https://www.marketsandmarkets.com/PressReleases/connected-car-devices.asp

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