Press Release

Connected Car Devices Market to Surpass $ 74 Billion by 2022

Growing safety concerns, increasing demand for smart features in vehicles, rising per capita income and improving macroeconomic conditions to drive global connected car devices market through 2022 

According to TechSci Research report, Global Connected Car Devices Market By Communication Type, By Product Type, By Vehicle Type, By Connectivity Type, By Region, Competition Forecast & Opportunities, 2022, the global connected car devices market is projected to surpass $ 74 billion by 2022. Rising automobile sales, increasing consumer inclination towards vehicle safety, and growing integration of advanced driver assistance technologies and other mobile applications in vehicles are some of the major factors boosting demand for connected car devices across the globe. Moreover, improving global economic scenario, rising demand for better transport systems and increasing traffic congestion are further anticipated to aid the global connected car devices market over the coming years.

Browse 127 market data Figures spread through 210 Pages and an in-depth TOC on"Global Connected Car Devices Market"

 

https://www.techsciresearch.com/report/global-connected-car-device-market-by-vehicle-type-passenger-cars-and-commercial-vehicle-by-communication-type-v2v-v2i-v2p-by-product-type-das-telematics-by-company-and-by-geography-forecast-opportunities/1209.html

Backed by huge middle-class and HNI population, strong automobile sales and increasing collaboration between technology giants and automakers, Asia-Pacific region holds the largest share in the global connected car devices market. Growing presence of leading players such as DENSO Corporation, Harman International Industries Inc., Panasonic Corporation, etc., and their increasing research & development efforts to manufacture technologically advanced connected car devices to ensure enhanced vehicle safety is expected to intensify market competition in the global connected car devices market during the next five years.

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“Growing consumer preference for more advanced connected features such as Advanced Driver Assistance System (ADAS) in their vehicles, coupled with rapid technological innovations and favorable regulations by various governments would boost demand for connected car devices through 2022. In addition to all these factors, increasing demand for vehicle safety from the consumer side is expected to have a significant positive impact on the global connected car devices market in the ensuing years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.  

Global Connected Car Devices Market By Communication Type, By Product Type, By Vehicle Type, By Connectivity Type, By Region, Competition Forecast & Opportunities, 2022 has analyzed the potential of connected car devices market across the globe, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.

About TechSci Research

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Growing safety concerns, increasing demand for smart features in vehicles, rising per capita income and improving macroeconomic conditions to drive global connected car devices market through 2022

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