Automotive Connected Car Platform Market- Roadmap for Recovery from COVID-19 | Development of Autonomous and Connected Vehicles to Boost the Market Growth | Technavio

Technavio has been monitoring the automotive connected car platform market and it is poised to grow by USD 6.85 bn during 2020–2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What are the major trends in the market?
  The modernization of the foundry industry is a major trend driving the growth of the market
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 13.03% and the incremental growth of the market is anticipated to be $ 6.85 bn.
• Who are the top players in the market?
  Airbiquity Inc., Altran Technologies, AT&T Inc., Cisco Systems Inc., CloudMade, LG Electronics Inc., Microsoft Corp., Qualcomm Inc., Robert Bosch GmbH, and TomTom International BV, are some of the major market participants.
• What is the key market driver?
  The development of autonomous and connected vehicles is one of the major factors driving the market.
• How big is the APAC market?
  The APAC region will contribute 48% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Airbiquity Inc., Altran Technologies, AT&T Inc., Cisco Systems Inc., CloudMade, LG Electronics Inc., Microsoft Corp., Qualcomm Inc., Robert Bosch GmbH, and TomTom International BV are some of the major market participants. The development of autonomous and connected vehicles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Connected Car Platform Market 2020–2024: Segmentation

Automotive Connected Car Platform Market is segmented as below:

• Service
• Geography
• Infotainment Services
• Telematics Services
• North America
• Europe
• APAC
• South America
• MEA

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Automotive Connected Car Platform Market 2020–2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive connected car platform market report covers the following areas:

• Automotive Connected Car Platform Market Size
• Automotive Connected Car Platform Market Trends
• Automotive Connected Car Platform Market Industry Analysis

This study identifies the modernization of the foundry industry as one of the prime reasons driving the automotive connected car platform market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.