CONNECTED VEHICLES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Name: Connected Vehicles Market Challenges and Opportunities
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Connected Vehicles Market Size, Connected Vehicles Market Share, Connected Vehicles Market Trends, Connected Vehicles Market Growth, Connected Vehicles Market Analysis, Connected Vehicles Market Forecast, Connected Vehicles Market Report, Connected Vehicles Industry Report

Connected Vehicles Market, By Vehicle Type (Passenger cars, Commercial Cars), By End-user Industry (Aftermarket, OEM), By Communication (Vehicle-to-vehicle, Vehicle-to-pedestrian, Vehicle-to-infrastructure), By Connectivity (DSRC, Cellular, Satellite, Wi-Fi), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Dec 2024
Code : CMI7609
Pages :140
Formats :
Excel and PDF
Industry : Automotive and Transportation

The connected vehicles market is poised to grow significantly over the next decade. Drivers such as increasing consumer preference for connected features and stringent government regulations for vehicle safety will support market expansion. However, cybersecurity threats pose a challenge as connected vehicles amass and exchange huge amounts of sensitive driver data. If automakers and tech companies do not find robust solutions to secure vehicle networks and personal data, it could restrain the market's growth trajectory.
The aftermarket for connected vehicle services will experience increased opportunities as drivers look for ways to retrofit older vehicles with new connectivity options without buying a new car. Telematics technology providers also have an opportunity to offer their services and hardware to more automakers and fleets to capture more of the value chain. On the connectivity side, 5G networks are anticipated to proliferate over 4G and create even more stable platform for rapid vehicle communication.

CONNECTED VEHICLES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

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