08 November 2019
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.
Rising vehicle demand especially in developing economies such as China and India; rising adoption of autonomous vehicles, growing IoT; and other economic factors; are estimated to increase the adoption of biometric vehicle access technologies in passenger vehicles segment
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Factors such as increasing public support for the protection of the environment, increased need to reduce air pollution & safeguard public health, and surge in automobile production are some of the major factors driving the market growth.
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Continuous growth in demand towards connectivity solutions for vehicles and increased government initiatives & support for the development of automotive telematics solutions are some of the major factors driving the market growth.
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Factors such as government regulations regarding safety features, Companies focusing on reducing delivery and vehicle maintenance cost, shortage of drivers, rise in road accidents and efficient yet feature rich modern trucks drives the semi-autonomous and autonomous truck market.