Connected Car Devices Market: Novel Mobility Preferences Such as Shared Ride and Car Activities to Maneuver Growth Spurt

ALBANY, US, 2019-May-27 — /EPR Network/ —

Pressing needs for improved mobility experience encompassing driver assistance, road safety, and fuel efficiency are some of the many prominent triggers for rampant adoption of connected car devices. Proactive government protocols in the realm of safe driving experience and improved user mindfulness have necessitated adherence to autonomous riving assistance system, generating voluminous real-time data for in car as well as remote access.

Bolstering advances in mobility infrastructure with fast altering driving landscape, on the back of consumer preferences have paved way for driving novelties such as ride-sharing and car-sharing activities. Developments as such are poised to push the limits in connected car device market in forthcoming years. In its bid to scout for recent advances and trends, followed by an assessment of their implications on connected car device market spectrum, Market Research Reports Search Engine (MRRSE) has recently upgraded its resourceful data archive with the addition of a new business intelligence report titled, ‘Connected Car Device Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026‘ included in its fast expanding online data archive.

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Besides impressive ownership rates amongst individuals, the global connected car devices space is tangibly driven by expansions in fleet ownership as well as auto supply chain who bank upon dependable connected vehicle services, integrated with advanced technologies such as machine learning and cloud-based capabilities.

Besides improved functional scope, the connected car market is largely maneuvered by fast evolving consumer preferences. Burgeoning demands for infotainment in connected cars is yet another potential growth initiator in connected car device market. This fast expanding connected car device space which is still characterized by its infancy is witnessing big ticket collaborations and long term agreements between automobile manufacturers and telecom behemoths to spearhead advances in mobility and cloud based technology.

To enable innovative alterations in vehicle fleet management, leading market veteran Zubie has undersigned a collaborative agreement with CarAdvise to jointly launch Zubie Smart Maintenance which essentially is an advanced telematics solution dedicated for effective fleet management and vehicle maintenance initiatives. These developments are poised to maintain impressive growth trends in connected car device market in the coming years.

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The report is aimed to diversifying readers’ perspectives on market dynamics as well as micro and macroeconomic determinants that steer million dollar growth in connected car device market. Besides elaborating on drivers, restraints, threats, and opportunities, this elaborate research further sheds light on dynamic segmentation on the basis of which connected car device market is bifurcated into sales, communication technology, and vehicle type. LET and V2X are identified as core communication technologies in connected car device market. IN terms of sales, the market is splintered into retrofit and built-in.

Based on vehicle type, connected car device market is broadly compartmented into passenger, light commercial, and heavy commercial vehicles. Further, the report also lends industry insights on regional expanse and geographical diversification, on the basis of which connected car device market is demarcated into Europe, North and Latin America, MEA, and APAC. A section on competition spectrum, complete with the profiles of industry forerunners along with their winning marketing strategies have also been mentioned to encourage lucrative business decisions in connected car device market.

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