Automotive Market Research Experts: Key Trends in the Connected Car Market

08 November 2019
Uncategorized

With new innovative technology being introduced to the automotive market on an almost daily basis, it’s certainly not surprising that the latest automotive market research is showing huge gains where the connected car market is concerned. Staying informed of the latest trends and industry updates will be key for businesses to make the right decisions moving forward, which is why Visiongain is here to help.

Below, we’ve collected some of the new and exciting trends developing in the connected car market, so let’s take a look.

Driverless Car Technology & Silicon Valley

It’s not surprising that the exciting new driverless car technology industry is finding a comfortable hub in California’s Silicon Valley. Some of the leading reasons behind this move include finding governments willing to work with new driverless technology and employing some of the leading minds in the industry to create enhanced software and applications.

The progressive government in California has long made it a touchpoint when it comes to technological innovation, making it a thriving place for the growing connected car market. As driverless technology expands, don’t be surprised if more businesses make their way to Silicon Valley. When driverless technology becomes more popular, California will also prove to be a great test market.

Heavy Reliance on Telecom Companies to Provide State-of-the-Art Connectivity

As the connected car market grows, automotive market research shows that many companies will become increasingly reliant on telecom providers to give them the state-of-the-art connectivity they desire. Networks and telecom companies will be needed not only to provide success but also a safe and reliable area of growth for the connected car market.

More specifically, the telecom industry will play a leading role in helping to develop key technologies and applications, such as embedded machine-to-machine SIM cards, functioning GPS technology, and satellite communications technology. Due to the many sensors, measurements, and other processes occurring simultaneously in today’s connected vehicle, telecom providers will be tasked with creating supporting technology to streamline processes and mitigate failure.

Connected Cars Will Be the Driving Force for IoT

According to the most recent automotive market research, by 2020 there will be more than 250 million connected cars on the road, with more than 25 billion IoT devices worldwide. This means big growth in terms of the connected car market. With many vehicles already relying on key IoT devices that provide real-time traffic updates, video and streaming services, and navigation, it will be the connected car market that drives future growth for IoT devices.

Let Visiongain connect you with the most current automotive industry data!

Whether you’re an auto manufacturer or industry influencer, having the right knowledge to understand how connected cars will affect the automotive industry in the years ahead will be essential. To learn more about our connected car market reports, contact Visiongain online today or call +44 (0) 20 7549 9987.

Recent News

“The global market size of acrylonitrile butadiene styrene (ABS) is estimated to exceed USD 33.4 bn by 2020”, says Visiongain

Various end-user industries often use recycled ABS as it is more costly to use new ABS.

28 November 2019

Read

“The global market size of antimicrobial powder coating is estimated to exceed USD 8.5 bn by 2020”, says Visiongain

Abrasion resistance coatings are applied mostly in the power generating sector for wind turbine blades, pumps, concrete cooling towers, nuclear parts, containment vessels, generators, turbines, and dam construction,.

28 November 2019

Read

Current Trends & Activities in the LNG Bunkering Market

The liquified natural gas (LNG) market has long been a mainstay as far as the cargo carrying industry is concerned. But as more commercial and marine applications present themselves, many are now deferring to LNG bunkering to stock fuel for commercial tanker vessels, ocean liners, and a variety of other applications. For this reason, LNG market share is experiencing an …

08 November 2019

Read

Pressing Issues & Trends in the Commercial UAV Market

The unmanned aerial vehicle (UAV) market is growing for many reasons, including increasing technology and applications, as well as lower manufacturing costs enabling more and more users access to UAVs. However, based on the most recent UAV market analysis data available, there are some important things to make note of and driving factors to monitor. This is especially key for …

08 November 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever