The global connected car market is expected to reach 256.2 billion U.S. dollars by 2023

According to foreign media reports, according to a new global connected car market report issued by KBV Research, by 2023, the size of the global connected car market is expected to reach US$256.2 billion. During this period, the market's compound annual growth rate is 31. %.

The data shows that in the global automotive team management market in 2016, the North American market has the largest share. During the forecast period, the compound annual growth rate reached 22.2%. It is estimated that in the period of 2017-2023, the European compound annual growth rate of the global sensor market will reach 32.3%. In addition, it is estimated that in the year 2017-2023, the compound annual growth rate of the Asia-Pacific market will reach 37.4% in the global processor market.

The KBV basic matrix is ​​a representative of the influential companies in the industry. The matrix is ​​designed to take into account major strategic developments, including mergers and acquisitions, product launches, partnerships, and financial strength of the company in predictable years. The main strategy of market participants is product release and collaboration.

Based on the analysis of the basic matrix, AT&T, Incorporated, Daimler, and Harman International (Samsung Electronics) are pioneers in the connected car market.

In 2016, the embedded market has the largest market share in the global connected car market. During the forecast period, the compound annual growth rate of this market is 28.1%. It is expected that during the 2017-2023 period, the compound annual growth rate of the entire market will reach 34.7%. In addition, by 2023, the seat belt market will reach $58 billion.

In 2016, in the global connected car market, the navigation market has the largest market share. During the forecast period, the compound annual growth rate of this market will reach 30.7%. It is estimated that in 2017-2023, the compound annual growth rate of the information technology market will reach 32.9%. In addition, it is estimated that during the 2017-2023 period, the compound annual growth rate of the infotainment market will reach 30.3%.

According to reports, this market research report provides detailed quantitative analysis and provides a clear picture of the market potential in various areas of the world. The report analyzes the key influencing factors of the global connected car market, and compares and explains in detail the Spanish Telecom, Verizon Communications, Harman International Industries, Incorporated, TomTomNV, American Telephone and Telegraph, Vodafone Group, and Ford Motor. Companies, BMW Motors, Audi and Daimler.