Connected Vehicles Market 2020-2024 | Safety and Mobility Benefits

NEW YORK, Oct. 4, 2021 /PRNewswire/ — According to Technavio, incremental growth of 23.45 mn units is expected in the connected vehicles market from 2020 to 2024. Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.

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The connected vehicles market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The safety and mobility benefits offered by connected vehicles will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments of the connected vehicles market.

Connected Vehicles Market 2020-2024: Segmentation

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Connected Vehicles Market 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, Technavio’s report provides a detailed analysis of vendors operating in the market. Some of the major vendors of the connected vehicles market include 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. Backed with competitive intelligence and benchmarking, our research report on the connected vehicles market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

The report also covers the following areas:

Government regulations on mandating connected features in vehicles are likely to emerge as one of the primary drivers of the market. However, factors such as security concerns associated with connected vehicles may threaten the growth of the market.

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Connected Vehicles Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024

• Detailed information on factors that will assist connected vehicles market growth during the next five years

• Estimation of the connected vehicles market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the connected vehicles market

• Analysis of the market’s competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of connected vehicles market vendors

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