Top Trends in Connected Car Market Size 2020 - Global Industry Revenue and Upcom

Posted by Rushikesh Pise on March 26th, 2020

The global connected cars market will derive growth from recent technological advancements. According to a report published b Fortune Business Insights, titled “Connected Car Market Size, Share & Industry Analysis, By Service (mobility, telematics, infotainment, driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2025,” Connected cars are vehicles that are integrated with internet access, with an aim to ensure a communication medium with users as well as other cars over a defined network. They are used to provide information derived from real-time sources to users, with the aim of improving the overall user experience.

As connected cars operate over a wireless network, factors such as reliability and safety of the network are of utmost importance. There are increased efforts taken to minimize software hacks and malfunctioning of the device. The increasing initiatives taken to minimize and resolve safety related issued, coupled with the high investment to better device safety will aid the growth of the market in the coming years.

The report offers insights into the latest Connected Cars Market trends. It summarizes key aspects of the market, with focus on leading product types, areas that have witnessed the highest demand, leading regions, and applications. The report encompasses several factors that have contributed to market growth. Additionally, leading companies have been analysed and studied in detail through extensive research analysis methods.