Connected Mobility Solutions Market 2018 Industry Key Players, Facts, Figures Share, Trend, Applicat

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Connected Mobility Solutions Market Global Market - Overview

Connected mobility solution market in the automobile market is expected to witness tremendous opportunities in the upcoming years as the demand for cars are increasing day by day. Connected mobility solutions provide the feature to access the controls via different media. Many of the automobiles are now-a-days equipped with intelligent digital assistance systems, which turns to be a major factor driving the growth of the Connected Mobility Solutions Market. However, the connection of vehicles to each other, to traffic lights, congestion warning systems and infrastructure is still in a development stage. There are many challenges that connected mobility market faces. One of the major challenge is the infrastructure of roads and highways to be compatible with this connected mobility technology. Many of the countries in regions like Asia Pacific, the Middle East & Africa, and South America still lack a proper structure of roads and highways with supporting infrastructure. The key players in the mobility sector are now reinventing themselves thanks to the enormous potential of Connected Mobility: the market for connected vehicles is supposed to grow by 45% up to 2020

Major Key Players:

The prominent players in the market of connected mobility solutions are- Microsoft Corporation, NXP Semiconductors N.V., Freescale Semiconductor Inc., Texas Instruments Incorporated, Apple Inc., Honda Motor Co. Ltd., Ford Motor Company, General Motors company, Audi AG, Hyundai Motor Group, Tesla Motors, Volkswagen among others, are profiled in MRFR Analysis and are at the forefront of competition in the global connected mobility market.

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Segmentation by Technology: Wi-Fi, Bluetooth, HSPA+, 3G and LTE

Segmentation by Applications: Navigation (road and vehicle monitoring, real time data capturing and management), Telematics (In-Car, car to car, and car to infrastructure), infotainment (entertainment and communication).

Segmentation by Connectivity form factor: Tethered connectivity, Integrated Connectivity, and Embedded Connectivity.

Segmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Regional Analysis:

North America is leading the region for connected mobility solutions highest market share among all of the regions. The major factor behind this large market capture is technological advancement in countries like the U.S. and Canada. Moreover, automobile companies are discovering new technologies trying to reduce on road accidents and provide a safe journey experience. Europe is also one of the leading region for connected mobility solutions as the major population of this region is spending high percentage of their income in connected mobility solutions. However, among these regions, Asia Pacific is expected to emerge as a fastest growing market with highest annual compound growth rate.

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