Digitalization is taking the global markets by storm due to increased demands for efficient and latest technologies. Connected mobility solutions market is propelled by the demands for connected vehicles with enhanced features and boosting the safety features. The vehicles are now equipped with wireless local area network (WLAN) feature that connects the vehicle to the internet, which is used for data sharing and other vital features like monitoring the driving behaviors. —
Prominent Players in Global Connected Mobility Solutions Market are:
Mitsubishi Motors Corporation (Japan), Robert Bosch GmbH (Germany), Siemens AG (Germany), Cisco System Inc (U.S.), Nokia Networks (Finland), Molex Incorporated (U.S.), Deutsche Telekom AG (Germany), HUBER+SUHNER (Switzerland), NXP Semiconductors N.V. (Netherlands) among others.
Covid 19 Pandemic Situation on Connected Mobility Solutions Market with Complete Table of Content and Free Sample at:
On observing the current market trends, the global connected mobility solutions market is expected to touch an 18 % annual growth mark during the survey period. The awareness about road safety and rigid norms for road safety has increased the emphasis on such technologies to reduce odd events and human damages. The internet of things (IoT) technology is also gaining recognition since the demands for smart cities have surged globally.
The IoT has pushed the automotive industry to design and release smart vehicles, and on observing the global expansion of the automotive industry, the global connected mobility solutions market is also expected to spread its wings. These solutions are also capable of tracking the vehicles coming from the opposite directions, remote vehicle monitoring, and app-based vehicle control, which is attracting the customers to adopt IoT. The connected mobility solutions market is still in its growing stages but has unlimited uses. The companies are continuously working to make these technologies better and adaptable for all. As the software are still in the developing stages, the market is growing with limited speeds but will accelerate in the future.
The global connected mobility solutions market is segmented into three parts, which are:
Technology-based: WLAN, 4G/5G, Bluetooth, and other technologies are used.
Uses: It is used for navigation and telematics applications.
Connectivity: Embedded connectivity, integrated connectivity, tethered connectivity, and others are there.
Regional Market Summary:
America, Europe, Asia Pacific, and The Middle East & Africa are the major regions observed for the global connected mobility solutions market.
The American region is the current market leader and will stay at the top with North America as the major shareholder due to the presence of key developers in the region, vast automotive industry, demands for safe driving features, and other factors. The European region is the second-largest market due to investments in research & development programs, demands for safer vehicles, well-established automotive industry, and other factors.
The Asia Pacific region is the next market in this race but will emerge as the fastest-growing market during the survey period. Expanding the automotive industry, a vast population with rising per capita incomes, increasing emphasis on road safety and other features are helping the market in this region.
The rest of the regions are struggling and will show the same behavior due to limited disposable incomes and awareness.
Recent Industry News:
The global covid-19 connected mobility solutions market is gaining speeds and id the talk of the future. Still, it needs improvement to produce desired results, which are somehow slowing the market’s pace. The North American region is the current market leader, whereas the Asia Pacific region will emerge as the fastest-growing market during the survey period.
Table of Content:
1 Executive Summary
7 Global Connected Mobility Solutions Market, By Technology
7.2.1 Market Estimates & Forecast, 2018-2023
7.2.2 Market Estimates & Forecast By Region/Country, 2018-2023
7.3.1 Market Estimates & Forecast, 2018-2023
7.3.2 Market Estimates & Forecast By Region/Country, 2018-2023
7.4.1 Market Estimates & Forecast, 2018-2023
7.4.2 Market Estimates & Forecast By Region/Countr, 2018-2023
7.5.1 Market Estimates & Forecast, 2018-2023
7.5.2 Market Estimates & Forecast By Region/Countr, 2018-2023
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