Global Connected Car Devices Market - Analysis and Forecast (2014 - 2024)

With the rising concern pertaining to passenger safety, in car entertainment system, and all round communication, this industry is deemed to be growing at a very fast pace in the projected period till 2021.This provides connectivity on the go with powerful network technology. With the rise in demand for automation and networking in industry, this platform assist driver to connect with online platforms and facilitate real time communication on the go. As of now there are many connectivity solutions available in the market which enables communication between vehicle to vehicle, vehicle to infrastructure and vehicle with the people.

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Connected car devices include a wide range of wireless products which integrate technology with the vehicle to facilitate two way communications between the vehicle, infrastructure and the people. It is usually based on cloud based technology or internet to remotely control the vehicle. The key factors which are deemed to be the major drivers for spurring in growth of connected car devices market includes rising penetration of telecommunication services in automotive industry.

Connectivity and automation is revolutionizing the automotive industry. It facilitate complete solution for communication in form of vehicle to vehicle(V2V),vehicle to pedestrians (V2P),vehicle to infrastructure (V2I),synchronization of media files, assistance in guidance and navigational system, remotely access of the vehicle, In car provision for infotainment, a prior alert to avoid collision etc. It is broadly classified into mobility management, vehicle management, foster of safety, cloud based networking, driver assistance and on the go entertainment with the synchronization of media files between the devices wirelessly. It also facilitate driver with the features such as remotely tracking of vehicle, web dashboard diagnostic, speed control alert, mobile guidance etc. It also helps in monitoring of health and mood of the driver to mitigate the risk any unlikely mishap.

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Geographically, connected car device market is a very diverse market having presence across the continents. Specifically in Asia-Pacific region connected car devices market is witnessing a very high growth rate due to improved socio economic conditions in countries such as Thailand, India and Indonesia. In North America and European market there are very stringent norms and regulations for automotive sector, that are increasing the demand for whole round connectivity to boost safety and user friendly interface for the users.

Some of the key players in the global connected car devices market include Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive,PLC(U.K.), Robert Bosch GmbH (Germany), and Autoliv Inc. (Sweden), Infineon Technologies AG Valeo S.A, Magna International Inc., ZF Friedrichshafen AG and Visteon Corporation.

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