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Connected Car Devices Market by communication type, Connectivity Type, Product Type, Vehicle Type, and Region - Global Forecast to 2021

Connected Car Devices Market: Global Forecast until 2021

  • April 2017
  • 171 pages
  • ID: 4880601
In this report:
The European market is expected to be third largest, growing at a CAGR of ##.##% during the forecast period, to reach an estimated value of USD ##.## billion in 2021 from USD ##.## billion in 2016.
The North American market for CCD is estimated to be the second largest market, and is expected to grow to ##.## million units by 2021, growing at a CAGR of ##.##% from 2016 to 2021.

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"Stringency of vehicle safety legislations in developed regions, improving socio-economic conditions in developing regions together with increasing demand for electric vehicles across the world to fuel the industry demand for connected car devices"

The overall connected car devices market is estimated to rise at a compound annual growth rate of 16.30 percent from 2016 to 2021, to attain ~$57.2B by 2021. The main factors responsible for the rise of this market contain the introduction of advance technologies including adaptive cruise control and lane departure warning systems in premium and mid-segment cars and growing awareness about vehicle, driver, and pedestrian safety.

"Asia Pacific (APAC): High increase potential market"

The Asia Pacific (APAC) area is forecasted to witness the top compound annual growth rate from 2016 to 2021. The main factors responsible for this region's increase contain growing demand for driver assistance systems and government laws favoring the implementations in passenger cars, especially in developed countries such as Japan (JP) and South Korea (KR). These two countries have vehicle safety regulations equally stringent as that of Europe and North America continent. On top of, improving socio-economic conditions in countries such as india (IN), Thailand (TH), and Indonesia (ID) have resulted in the increase of demand for premium segment passenger cars, which in turn has accelerated the industry for connected car devices in these countries.

"Dedicated Short Range Communication : Technology for present and future"

Dedicated Short Range Communication enabled devices are used to communicate vehicle data for a short range up to 1000 feet. DSRC devices use Radar and Lidar technologies for short range quick communication in different applications including vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I). Its applications contain driver assistance technologies including lane departure warning and advance cruise control systems. The sector for these technologies is on the increase and the trend is expected to progress in the upcoming future. The DSRC technology is a high increase potential market in the global connected car devices market.

The market research includes industry insights specified by different market experts, ranging from material suppliers to Tier-1 firms, and Original equipment manufacturers. The break-up of the primaries is like:

- By Company Type - Tier-1 - 62.0 percent, Tier-2 - 25.0 percent, and Tier-3 - 13.0 percent

- By Designation - C Level - 38.0 percent, Director Level - 37.0 percent, and Manager Level - 25.0 percent

- By area - North america (NA) - 12.0 percent, Europe - 50.0 percent, and Asia-Pacific - 38.0 percent

The overall connected car devices market is leaded by, is monopolized by the globally established players including Continental (CON), Denso Corp (TYO:6902), Delphi Automotive, PLC, Robert Bosch (RBOS), and Autoliv Inc.. The main increase strategies approved by these actors contain development and new product improvement.

Why Purchasing This Study Can Help You:

This industry report includes several levels of analysis, including industry review (sector trends, Porter's Five Forces, and PEST study), supply chain research, and company descriptions, which together comprise and examine the basic overviews on the emerging and high increase segments of the connected car devices market, opposing landscape, high increase regions and territories, government actions, and market dynamics including drivers, market restraints, alternatives, and opportunities.

The study allows new sector entrants and smaller companies to comprehend the industry better to help them to acquire a larger market share.

Companies obtaining the analysis could use any one or an aggregation of the below-mentioned four strategies (sector development, product improvement/innovative projects, business diversification, and opposing assessment) to enhance their rank in the sector.

The market research offers business insights with reference to the following points:

- Industry development: Highlighted information about profitable emerging sectors. The industry report examines the industries for off-highway vehicle engine across localities.

- Product improvement/Innovative products: The study affords in-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the overall off-highway vehicle engine market.

- Industry diversification: The analysis offers exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the overall off-highway vehicle engine market.

- Opposing assessment: The market research includes an detailed assessment of strategies, products, and manufacturing competences of key players in the overall off-highway vehicle engine market.

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