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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 In-Vehicle Connectivity Market Sees Promising Growth by during 2019 to 2025: Global Market Insights, Inc.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Asia Pacific is estimated to grow at a significant CAGR in the in-vehicle connectivity market due to rising disposable income and spending on luxury & premium vehicles in developing countries including China, India, and Indonesia. The growing IoT infrastructure development coupled with the rising internet penetration will contribute to the market growth in the region. The presence of prominent automakers, such as Toyota, Honda, and technology players such as Alibaba in the region, are supporting the market growth. These players are also focusing on strategic alliances with other key players to enhance in-vehicle connectivity services for automakers, proliferating the in-vehicle connectivity market. For instance, in April 2018, Alibaba AI Labs partnered with major automotive OEMs including Audi AG, Daimler AG, and Volvo AB to supply AI technology for home-to-vehicle connectivity in China. Regional Analysis of In-Vehicle Connectivity Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Application Analysis of In-Vehicle Connectivity Market : Parallel growth for Internet Service Providers (ISP) is anticipated to drive the growth of in-vehicle connectivity market. Parallel growth of ISP will influence the connected vehicles market as well as enable connectivity systems embedded within the car for a hassle-free driving experience. The increase in the demand for driver assistance systems is expected to drive the growth of market as it will help in hassle-free parking and fuel purchase from dashboards without requiring any cards or devices to complete the purchase. By vehicle type, passenger vehicles are anticipated to hold the largest market share in the in- vehicle connectivity market due to the growing demand for luxury, safety, convenience, and comfort in the vehicle environment. The increasing demand for in-vehicle infotainment, payment services for hassle-free, secure, and safe driving experience is fueling the market. The growing demand for road-side assistance through telematics solutions in passenger vehicles is anticipated to drive the market.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com OEMs are focusing on developing partnerships with infotainment players, infrastructure, cybersecurity, and application design & development. For instance, in July 2018, Ford partnered with Baidu for joint development of technology related to connectivity and infotainment systems. According to the partnership, Baidu is expected to supply its DuerOS conversational AI platform for future infotainment systems enable more sophisticated voice recognition and other features in vehicles manufactured by Ford. Some of the key market players of in-vehicle connectivity market, which include automotive manufacturers are Audi AG, Baidu, Inc., BMW AG, Continental AG, Daimler AG, Ford Motor Company, General Motors Company, Harman International Industries Inc., Honda Motor Co. Ltd., Hyundai Motor Corporation, IBM Corporation, Panasonic Corp., Tesla Inc., Toyota Motor Corporation, and Volvo AB. Competitive Market Share of In-Vehicle Connectivity Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On In-Vehicle Connectivity Market: http://bit.ly/2JqGdIa http://bit.ly/2JqGdIa Request for an in-depth table of contents for this report @ http://bit.ly/2LjjwI7 http://bit.ly/2LjjwI7 Console Market
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