The segments considered under the scope of the report includes application (Telematics, Infotainment), communication type (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Home (V2H)), services (Connected Services, Safety & Security, Autonomous Driving), hardware (Smart Antenna, Display, Electronic Control Unit (ECU), Sensors), network (Dedicated Short Range Communication, Cellular Network/Wi-Fi), and geography/country (China, Japan, India, South Korea, Australia, Others).
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Maximize Market Research, a global market research firm has undertaken extensive research about the Asia Pacific internet of things (IoT) connected cars market outlook in terms of the technology growth and the overall IoT ecosystem. The report includes market dynamics describing about the drivers, restraints, and opportunities along with profiling the changing business dynamics and its related impacts on the overall Asia Pacific IoT Connected Cars Market growth. The report further gives an in-depth analysis regarding the changing competitive scenario for helping all the stakeholders in the industry and clients.
Connected car uses mobile internet technology for controlling key functions remotely using smartphone, smart watch, tablet device or computer. The connected car is a vehicle that is able to optimize its own operations and maintenance together with the convenience and comfort of passengers using on-board sensors and internet connectivity.
Nowadays cars are being made with features similar to that of numerous computers comprising of about 100 million lines of programming code, and has the capability to process up to 25 gigabytes of data within an hour. While automotive digital technology has traditionally focused on improving the vehicle’s internal functions, consideration is now turning towards developing the car’s connectivity with the outside world and enhance the overall in-car experience. While technological advances in general have driven the automotive sector for decades, the dramatic acceleration of connectivity has the potential to significantly alter the competitive landscape of Asia Pacific IoT Connected Cars Market thereby boosting the market growth. Companies from the software as well as the telecommunications sectors are gradually already entering the automotive market with original-equipment manufacturers working on an urgent basis to maintain its positioning in Asia Pacific region.
While some of the drivers are eager for the benefits of car connectivity, there are also concerns hampering its rapid and broad adoption in Asia Pacific IoT Connected Cars Market. Consumers getting worried about digital safety and data privacy have formed a major restraint for the overall market growth. Even though the concerns remain high, yet it’s the utility that is expected to boost the overall market growth especially for enhancing personalized customer experience. China, Japan, and India are some of the major regions contributing to the overall growth especially with large presence of sensor manufacturers driving overall demand for infotainment in connected cars. These formed some of the major factors for Asia Pacific IoT Connected Cars Market.
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Market Scope: Asia Pacific IoT Connected Cars Market, By Application: Telematics, Infotainment
Asia Pacific IoT Connected Cars Market, By Communication Type: Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Home (V2H)
Asia Pacific IoT Connected Cars Market, By Services: Connected Services, Safety & Security, Autonomous Driving
Asia Pacific IoT Connected Cars Market, By Hardware: Smart Antenna, Display, Electronic Control Unit (ECU), Sensors
Asia Pacific IoT Connected Cars Market, By Network: Dedicated Short Range Communication, Cellular Network/Wi-Fi
Asia Pacific IoT Connected Cars Market, Key Players
• BMW AG
• Mercedes Benz
• NXP Semiconductors
• Tom Tom Electronics
This report is submitted by Maximize market Research Company
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