Global In-vehicle Connected Services Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 16.1% from 2019 to 2027, reaching nearly US$ XX Bn.
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
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Global In-vehicle Connected Services Market: Market Overview
In-vehicle connected services is technology which allow devices and systems in the vehicle to connect with one another, as well as with other external and remote systems. For last few years, auto-manufacturer and service provider have introduce more complex functionality and can provide services such as roadside assistance, emergency calling, and remote diagnostics, thereby improving the customer service.
Global In-vehicle Connected Services Market: Market Dynamics
Increasing preference towards the autonomous vehicle is fueled the global in-vehicle connected services market during the forecast period. Rising demand of comfort and luxury vehicle with increase in spending power. Adoption of advanced technology such as ADAS (advanced driver assistance system) in terms of safety concern boost the demand of in-vehicle connected services market. In addition increase in penetration of internet and wireless connectivity are primarily drive the market. Increasing sale of passenger vehicles in developing nations are the major factors anticipate to drive the global in-vehicle connected services market during the forecast period.
In developing nation such as India, Mexico, China due to limited connectivity on highway, the devices are not connected to each other hinder the growth of the market. Higher the installation cost of technology and maintenance cost are work as retrain of this market. The lack of infrastructure in semi-urban and rural area also restrain this market. Lack of adoption rate of advanced technology by middle class people due to high cost is a key factor work as restrain for global in-vehicle connected services market during the forecast period.
Global In-vehicle Connected Services Market: Market Segmentation
The global in-vehicle connected services market can be segmented by Service type, by Vehicle type, by Sales Channel, and by region. The assistance driver system segment of application is dominating the global in-vehicle connected services market over the forecast period owing to its ability provide safety to the occupants and the vehicle. Major players of automotive industry are investing in R&D to adopt ADAS technology vehicle. Rise in population of emerging nations like India and China, increases the sales of passenger vehicle, in turns passenger vehicle segment of vehicle type is subjected to the highest growth rate during the forecast period, the demand of light vehicle and heavy vehicle also increases. OEMs segment of sales channel is likely to dominate the global In-vehicle Connected Services.
Global In-vehicle Connected Services Market: Regional Analysis
North America dominating the global In-vehicle Connected Services market during the forecast period. Increasing vehicle security and safety norm increases US in-vehicle connected services market. Highly developed nation with good infrastructure helps to easy adoption of advanced technology is a key factor to drive the market in this region. Asia Pacific is estimated the fastest growth in the in-vehicle connected services market, owing the rising the higher rate of connected device in passenger vehicles.
The objective of the report is to present a comprehensive analysis of the Global In-vehicle Connected Services Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global In-vehicle Connected Services Market dynamics, structure by analysing the market segments and projects the Global In-vehicle Connected Services Market size. Clear representation of competitive analysis of key players by Sales Channel, price, financial position, Product portfolio, growth strategies, and regional presence in the Global In-vehicle Connected Services Market make the report investor’s guide.
Scope of the Global In-vehicle Connected Services Market: Inquire before buying
Global In-vehicle Connected Services Market, by Service type
• Telematics
• Infotainment
• Driver assistance
• Navigation
• Others
Global In-vehicle Connected Services Market, by Vehicle type
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle
Global In-vehicle Connected Services Market, by Sales Channel
• OEMs
• Aftermarket
Global In-vehicle Connected Services Market, by Region
• Asia Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Vietnam
Rest of Asia
• North America
U.S.
Canada
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Mexico
Rest of South America
• Middle East & Africa
GCC
South Africa
Rest of MEA
Global In-vehicle Connected Services Market, Key Players
• Continental AG
• HARMAN International
• TomTom International BV.
• Valeo SA
• Bosch
• General Motors
• Robert Bosch GmbH
• Delphi Technologies PLC
• Visteon
• Airbiquity
• Audi
• AT&T
• BMW
• ZF Friedrichshafen AG
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