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Global Connected Car Market 2019 Global Share, Size, Trends and Growth Analysis Forecast to 2024

connected_car_aria_systems_thumb800.jpgThe global connected car market is growing at a significant rate, due to an upsurge in the need for safer, more efficient and convenient driving and government mandates for connected car applications in a passenger car. Different services contributed to the connected car market size. The market has witnessed a high demand for connected service segment in the coming years due to mounting demand of customer for more convenient features such as navigation, autopilot, remote diagnostic and multimedia media streaming.

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The upsurge in the need for safer, more efficient, and convenient driving, the upsurge in need of the alert system, and vehicle diagnostics and maintenance, the upsurge in industry compliance standards, multiple connectivity solution type and government mandates for connected car applications in passenger car are the primary growth drivers for connected car market. The intelligent transportation system, the upsurge in need for improved driving experience, and the evolution of the new value chain ecosystem of the automotive industry are also facilitating the growth of the connected car market.

Geographically, North America accounted the largest share in the market due to mounting information technology and communication infrastructure. In addition, the mounting demand of technologically advanced characteristic in a passenger car, and expanding government permission are also fueling the growth of the North American connected car market.

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Asia-Pacific is observed to witness the fastest growth in the connected car market due to an upsurge in digital services such as updates and cybersecurity. In addition, mounting connected car devices in the passenger car, unique communication infrastructure, government guidelines for vehicle data security and strategic associations between automotive and non-automotive companies are also up surging growth of the Asia-Pacific connected car market.

In addition, in April 2017, Delphi Technologies Plc signed an agreement with Rosenberger, to improve its capabilities in high-speed data transmission. Delphi Technologies Plc., DENSO Corporation, ZF Friedrichshafen, Robert Bosch GmbH, Aisin Seiki, Valeo S.A., and Autoliv Inc. are the key players offering the connected car.

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