Connected Car Market 2023-2027: Size and Design complexity and technological challenges; growth driven by the End-user, Some of key Companies Positioned Strategically

The connected car market size by End-user (OEM and Aftermarket) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 172767.39 million. The market is expected to grow at a CAGR of   27.36% between 2023 and 2027.

• In the burgeoning connected car market, vendors encounter significant challenges in creating user interfaces that are unobtrusive, cost-effective, inclusive, and intuitive. The escalating demand for automotive connectivity solutions necessitates intricate system designs to manage an expanding array of applications. Technological innovations, a multitude of features, and the proliferation of diverse connectivity options have transformed infotainment and telematics systems into sophisticated solutions. The increasing number of connected features necessitates more complex designs. Furthermore, the multiplicity of software solutions required for each application adds to the intricacy of connectivity systems. Consequently, automakers and consumers prioritize the efficient handling of these complex solutions to maximize benefits, posing a formidable challenge for the global connected car market.
• The connected car market in North America is experiencing significant growth, with the US and Canada being key contributors. IoT technologies integrated into automobiles and the increasing implementation of vehicle-to-vehicle (V2V) connectivity are primary growth drivers. Notable tech companies, such as Autoliv Inc., Accenture Plc, and Bosch, are investing in the US to establish V2V infrastructure, ensuring robust security. Regulatory bodies, including the National Highway Traffic Safety Administration (NHTSA), are enforcing stringent regulations on road safety enhancements, leading to the widespread adoption of advanced connected features, such as crash imminent braking, dynamic brake support, and pedestrian automatic emergency braking.

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Some of the Key Companies:

• Airbiquity Inc.
• Alps Alpine Co. Ltd.
• AT and T Inc.
• BMW AG
• BorgWarner Inc.
• DXC Technology Co.
• Ford Motor Co.
• Intellias group
• Mercedes Benz Group AG
• NXP Semiconductors NV
• Qualcomm Inc.
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd.
• Schaeffler AG
• Sierra Wireless Inc.
• Telefonica SA
• Tesla Inc.
• Valeo SA
• Volkswagen AG
• Zubie Inc.

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Jesse Maida
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