Global Connected Car Market: Key Highlights
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Global Connected Car Market: Key Market Dynamics
Global Connected Car Market: Regional Overview
The connected car market in the Asia-Pacific region is projected to witness high demand due to the growing vehicle production. The growth in this region is mainly attributed to the increasing demand for luxury vehicles and consumer’s preference for new technologies. Furthermore, the Asia-Pacific region has witnessed high usage of connected car technology due to the presence of major automotive hubs in countries such as Japan and China.
In Europe, the rising demand for high-end vehicles by automotive manufacturers present in countries such as Italy and Germany and advancement in connected car technology has boosted the market growth. Moreover, European Government is focusing more on road safety and vehicle design. For instance, according to European Union (EU) and the United Nations, Economic Commission for Europe (UNECE) imposed strict regulations for the safety and protection of vehicle occupants is further promoting the growth of the connected car market.
Global Connected Car Market: Key Players Overview
Continental AG is an automotive manufacturing company and is engaged in developing a brake system, interior electronics, safety solutions, and automotive components. In May 2017, the company started a joint research and development collaboration with NTT DOCOMO, Inc., a Japanese telecommunications company. This collaboration will help Continental AG to build up the foundation for cellular-based vehicle-to-everything (V2X) wireless communications systems and connected infotainment functions by using 5G technology for connected cars.
Qualcomm Technologies, Inc. is a telecommunications equipment and semiconductor company that designs digital wireless communications products and services.
In January 2018, Qualcomm Technologies, Inc. (QTI), a subsidiary of Qualcomm Incorporated announced to support telematics and infotainment systems with advanced connected car technologies in the 2018 Honda Accord.
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