Authored By: Sarah
28 Sep 2021

Connected Vehicles: Top Drivers that will Enable COVID-19 Recovery

Synopsis of Growth Drivers with Market Forecast 2020-2024

Technavio’s Connected Vehicles Market is set to grow by 23.45 mn units, and the market will progressing at a CAGR of 7% till 2024. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.


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Connected Vehicles Market: Key Market Drivers

^A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is safety and mobility benefits offered by connected vehicles. For more insights on the impact of this and all the other drivers, request for our FREE sample report:

Top Drivers for Connected Vehicles Market Size to Grow by 23.45 mn units During 2020-2024

Connected Vehicles Market: Growth Segments

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Connected Vehicles Market is segmented by Type (Passenger cars and Commercial vehicles) and Geography (APAC, Europe, North America, and South America). Request our Free Sample Report

Connected Vehicles Market: Vendor Landscape

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  BMW AG, Daimler AG, Fiat Chrysler Automobiles NV, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Nissan Motor Co. Ltd., Toyota Motor Corp., and Volkswagen AG. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 7%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by 23.45 mn units through 2020-2024.
     
  3. What is a key factor driving this market?
    safety and mobility benefits offered by connected vehicles will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    69% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are BMW AG, Daimler AG, Fiat Chrysler Automobiles NV, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Nissan Motor Co. Ltd., Toyota Motor Corp., and Volkswagen AG.
     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Passenger cars and Commercial vehicles) and Geography (APAC, Europe, North America, and South America)
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