{"id":15803,"date":"2020-07-24T08:30:00","date_gmt":"2020-07-24T08:30:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/07\/24\/connected-car-market-worth-166-0-billion-by-2025-exclusive-report-by-marketsandmarkets\/"},"modified":"2020-07-24T08:30:00","modified_gmt":"2020-07-24T08:30:00","slug":"connected-car-market-worth-166-0-billion-by-2025-exclusive-report-by-marketsandmarkets","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/24\/connected-car-market-worth-166-0-billion-by-2025-exclusive-report-by-marketsandmarkets\/","title":{"rendered":"Connected Car Market worth $166.0 billion by 2025 &#8211; Exclusive Report by MarketsandMarkets\u2122"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">July 24, 2020<\/span> \/PRNewswire\/ &#8212; According to the new market research report <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/connected-car-market-102580117.html\" rel=\"nofollow\">Connected Car Market<\/a><b>\u00a0by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, &amp; Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, &amp; Region &#8211; Global Forecast to 2025&#8243;, <\/b>published by MarketsandMarkets\u2122<b>, <\/b>the global Connected Car Market size is projected to reach <span class=\"xn-money\">USD 166.0 billion<\/span> by 2025, from an estimated <span class=\"xn-money\">USD 53.9 billion<\/span> in 2020, at a CAGR of 25.2%. <\/p>\n<div id=\"prni_dvprnejpg44c3left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg44c3left\" title=\"MarketsandMarkets_Logo\" border=\"0\" alt=\"MarketsandMarkets_Logo\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg\"\/><\/div>\n<p>The growth of the global connected car market is influenced by factors such as increasing trend of in-vehicle connectivity solutions and government initiatives toward developments in intelligent transportation systems. Therefore, the connected car market is expected to witness significant growth in the future.<\/p>\n<p><i>Browse in-depth TOC on<\/i><b>\u00a0&#8220;<b>Connected Car Market<\/b>&#8220;<\/b><\/p>\n<p><b>148 \u2013 Tables<\/b><\/p>\n<p><b>58 \u2013 Figures<\/b><\/p>\n<p><b>218\u2013 Pages<\/b><\/p>\n<p><b>Download PDF Brochure: <\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=102580117&amp;utm_source=prnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=102580117<\/a><\/p>\n<p><b>The autopilot market is expected to grow at the fastest CAGR.<\/b><\/p>\n<p>The introduction of autopilot would minimize driver intervention. As autonomous technology nears Level 3 &amp; above, it would help achieve the automaker&#8217;s goals of commercializing fully autonomous vehicles for consumers by 2022. For instance, the upcoming model of the Cadillac CT6 will be equipped with the semi-autonomous &#8220;Super Cruise&#8221; feature that will essentially allow fully autonomous single-lane travel on divided highways.<\/p>\n<p>Similarly, Audi will also be including its Level 3 semi-autonomous technology in the upcoming model of the A8. Audi&#8217;s AI-based traffic jam pilot would enable highly automated driving at Level 3. With all the developments in autopilot or autonomous driving field, the demand for connected services related to autopilot is expected to rise in the coming future.<\/p>\n<p><b>Embedded connectivity is expected to grow at the fastest CAGR in the global connected car market.<\/b><\/p>\n<p>The growth in embedded technology is being driven by regulatory mandates in the EU, which recently mandated that all new car models in member states must have embedded technology as part of its European eCall system, connecting a vehicle to emergency services, following a collision and providing location and impact information. Similar mandates could be announced by other countries in the future. The growth of embedded form of connected solutions in the long term is attributed to various disruptive factors such as government mandates, cost optimization of service plans, and increase in cloud-based services. By 2025, embedded form of connectivity is estimated to dominate the market.<\/p>\n<p><b>Request FREE Sample Report: <\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=102580117&amp;utm_source=prnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=102580117<\/a><\/p>\n<p><b><span class=\"xn-location\">Asia Pacific<\/span> is expected to lead the global connected car market during the forecast period.<\/b><\/p>\n<p>One of the key drivers for the <span class=\"xn-location\">Asia Pacific<\/span> market is the increased demand for infotainment and navigation services, particularly in <span class=\"xn-location\">China<\/span>, <span class=\"xn-location\">Japan<\/span>, <span class=\"xn-location\">India<\/span>, and <span class=\"xn-location\">South Korea<\/span>. The tech-savvy population in these countries demands a better and connected driving experience. The demand for connected cars in <span class=\"xn-location\">Asia Pacific<\/span> is driven significantly by the strong economic growth, growing population, and rapid urbanization. As safety regulations have been made in <span class=\"xn-location\">Japan<\/span> and <span class=\"xn-location\">South Korea<\/span>, the connected car market in these countries is anticipated to increase in coming years.<\/p>\n<p>In 2017, the Chinese Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of <span class=\"xn-location\">China<\/span> (SAC) issued a draft to establish national standards for <span class=\"xn-location\">China&#8217;s<\/span> Intelligent &amp; Connected Vehicles (ICV). Due to the growing population and vehicle demand, <span class=\"xn-location\">China<\/span> is expected to introduce vehicle and road safety regulations. Baidu and Alibaba, which are biggest technology companies in <span class=\"xn-location\">China<\/span> are pushing to develop platforms for connected cars.<\/p>\n<p>Japanese automotive companies are also inventing and implementing connected car services and solutions. In 2019, Airbiquity announced that it became a member of the Japan Automotive Software Platform and Architecture (JASPAR), an organization dedicated to advancing the standardization of in-vehicle software and networks to enhance development efficiency and reliability.<\/p>\n<p>The globally connected car market is dominated by major players such as Continental (<span class=\"xn-location\">Germany<\/span>), Bosch (<span class=\"xn-location\">Germany<\/span>), <span class=\"xn-person\">HARMAN (US)<\/span>, Airbiquity (US), and Visteon (US).<\/p>\n<p><b>Browse Related Reports:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/automotive-telematics-market-245073008.html\" rel=\"nofollow\">Telematics Solutions Market<\/a>\u00a0by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing &amp; Other), Form &amp; Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region &#8211; Global Forecast to 2025<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/automotive-over-the-air-updates-market-114117650.html\" rel=\"nofollow\">Over the Air Updates Market<\/a>\u00a0for Automotive by Technology (SOTA and FOTA), Application (ECU, TCU, Infotainment, and Safety &amp; Security), Vehicle Type (PC and CV), Electric Vehicle Type (BEV, HEV, and PHEV), and Region &#8211; Global Forecast to 2022<\/p>\n<p><b>About MarketsandMarkets\u2122<\/b>\u00a0<\/p>\n<p>MarketsandMarkets\u2122 provides quantified B2B research on 30,000 high growth niche opportunities\/threats which will impact 70% to 80% of worldwide companies&#8217; revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets\u2122 for their painpoints around revenues decisions.<\/p>\n<p>Our 850 fulltime analyst and SMEs at MarketsandMarkets\u2122 are tracking global high growth markets following the &#8220;Growth Engagement Model \u2013 GEM&#8221;. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write &#8220;Attack, avoid and defend&#8221; strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets\u2122 now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets\u2122 is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations\/disruptions early to the market by providing them research ahead of the curve.<\/p>\n<p>MarketsandMarkets&#8217;s flagship competitive intelligence and market research platform, &#8220;Knowledge Store&#8221; connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.<\/p>\n<p><b>Contact:<br \/>Mr. <span class=\"xn-person\">Aashish Mehra<\/span><br \/><\/b>MarketsandMarkets\u2122 INC.<br \/>630 Dundee Road<br \/>Suite 430<br \/><span class=\"xn-location\">Northbrook, IL<\/span> 60062<br \/><span class=\"xn-location\">USA<\/span>: +1-888-600-6441<br \/>Email: <a target=\"_blank\" href=\"mailto:sales@marketsandmarkets.com\" rel=\"nofollow\">sales@marketsandmarkets.com<\/a><\/p>\n<p>Research Insight: <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/ResearchInsight\/connected-cars-market.asp\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/ResearchInsight\/connected-cars-market.asp<\/a><\/p>\n<p>Visit Our Web Site:\u00a0<a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com<\/a>\u00a0<\/p>\n<p>Content Source: <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/PressReleases\/connected-cars.asp\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/PressReleases\/connected-cars.asp<\/a> <\/p>\n<p>Logo: <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg<\/a> <\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=EN72828&amp;Transmission_Id=202007240830PR_NEWS_EURO_ND__EN72828&amp;DateId=20200724\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">July 24, 2020<\/span> \/PRNewswire\/ &#8212; According to the new market research report <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/connected-car-market-102580117.html\" rel=\"nofollow noopener noreferrer\">Connected Car Market<\/a><b>\u00a0by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, &amp; Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, &amp; Region &#8211; Global Forecast to 2025&#8243;,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-15803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Connected Car Market worth $166.0 billion by 2025 - Exclusive Report by MarketsandMarkets\u2122 - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/24\/connected-car-market-worth-166-0-billion-by-2025-exclusive-report-by-marketsandmarkets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Connected Car Market worth $166.0 billion by 2025 - Exclusive Report by MarketsandMarkets\u2122 - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, July 24, 2020 \/PRNewswire\/ -- According to the new market research report &quot;Connected Car Market\u00a0by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, &amp; 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