Global Connected, Autonomous, Shared, and Electric (CASE) Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2020 at a CAGR of 6.9% during a forecast period.
Global Connected, Autonomous, Shared, and Electric (CASE) Market Overview
According to the World Health Organization (WHO), road accidents have increased due to factors like human errors, unknown terrain, and low visibility during fog and night. Thus technologies like ADAS, traction control, and automatic braking system were installed to reduce road accidents. Similarly growing technological advancement in vehicles, which includes the Internet of Things (IoT) and Artificial Intelligence (AI), have brought a revolution in the manufacturing of vehicles and further development of driverless cars.
The rise in technological advancements, improvement in the standard of living, and government policies have been boosting car sales, which led to increasing car-sharing services such as UberPOOL, Lyft, and Zipcar. Thus, the continuous rise in technologies and systems in vehicles is expected to drive the growth of the CASE market during the forecast period.
The report covers the detailed analysis of the global CASE industry with the classifications of the market on the basis of vehicle type, type of manufacturer and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it.
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The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Global Connected, Autonomous, Shared, and Electric (CASE) Market Dynamics
The government regulations and stringent environmental policies enacted by different countries made manufacturers develop electrical vehicles, which are emission-free, have high torque ratings, and provide alternatives for IC engines. The growing automobile industry with advanced features incorporated in vehicles is boosting the CASE market globally. The companies like BMW, Volvo, and Nissan are conducting trials for autonomous vehicles in Germany and are planning to sell vehicles in coming years.
As per the data, by 2026 electric vehicles will account for 15-25% of global vehicle sales. Also, automation technologies like cruise control, adaptive braking technology, emergency brake, parking assistant are driving the growth of the CASE market. Likewise developed countries like India and China are experiencing rapid growth in the automotive industry due to the growth in the economy, rise in disposable income and purchasing power. Thus these factors are expected to drive the demand of the CASE market during the forecast period.
Global Connected, Autonomous, Shared, and Electric (CASE) Market Segmentation Analysis
By Vehicle Type, the passenger vehicles hold two-third of the total demand in the Connected, Autonomous, Shared, and Electric (CASE) Market, which includes economy cars, compact cars, minivans, SUVs, and premium and luxury cars. Manufacturers are mainly investing in new technologies of vehicles, which has led to the growth of the automotive sector and thereby Connected, Autonomous, Shared, and Electric (CASE) Market.
Increase in demand for advanced features, rise in the standard of living, increasing purchasing power capacity, rise in per capita income of individuals, increasing industrialization, changing way of life and high disposable income are some of the factors for the growth of the Connected, Autonomous, Shared, and Electric (CASE) Market globally.
The growing interest of consumers towards safety, premium, luxury and comfortable vehicles is expected to drive the growth Connected , Autonomous, Shared, and Electric (CASE) Market during the forecast period.
Global Connected, Autonomous, Shared, and Electric (CASE) Market 1
By Type of Manufacturer, the CASE market is segmented into OEM and Aftermarket, where the aftermarket segment holds the largest share in the global CASE market. Different OEMs have combined with domestic companies in order to develop new EVs complying with the new policy. These factors are driving the CASE market.
The demand for CASE technology has increased in the replacement market and in-unit instalments. Thus the demand for CASE technology is growing with the increase in the vehicle fleet of all categories. The CASE technology of aftermarket is used widely in Europe and North America due to the large adoption rate of passenger cars.
Global Connected, Autonomous, Shared, and Electric (CASE) Market 2
China is the key market for the production and sale of electric vehicles followed by the U.S and Europe. Earlier it was valued at US$ XX Mn in 2019 and is estimated to reach US$ XX Mn by 2026 at a CAGR of XX% during the forecast period. In Europe, estimates are that all new vehicles will have an Internet connection, eCall system in coming years, which sends out an alert in case of an accident.
Increasing demand for cheap cars, favourable economic conditions and different regulations made by the government are fueling the electric vehicles industry in China. Where Germany and Norway have a high rate of adoption of electric vehicles. In Norway, by 2026 100% of car sales will be electric and will no longer be possible to buy a thermal vehicle.
Similarly, developing countries like India and China have adopted CASE due to the rise in the automotive sector. Local customers as well as OEMs such as Nissan, Daimler and BMW are getting support from prominent manufacturers of India, which are expected to drive the demand for the CASE market in the region.
Global Connected, Autonomous, Shared, and Electric (CASE) Market Scope:
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Global Connected, Autonomous, Shared, and Electric (CASE) Market 3
Global Connected, Autonomous, Shared, and Electric (CASE) Market by Region:
• North America
• Asia pacific
• Middle East and Africa
• South America
Global Connected, Autonomous, Shared, and Electric (CASE) Market Key Players
• General Motors
• Toyota Motor Corporation
• Audi AG
• Daimler AG
• Ford Motor Company
• Volkswagen AG
• BMW AG
• Tesla Inc Continental (Germany)
• Bosch (Germany)
• HARMAN (US)
• Airbiquity (US)
• Visteon (US)
• Energica Motor Company S.p.A
• BYD Company Motors
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