Friday, April 09, 2021 07:45 AM

CONNECTED CAR MARKET REGISTERING A HIGH CAGR OF 16.5% IN THE FORECAST PERIOD 2026 – KSU | THE SENTINEL NEWSPAPER - KSU | THE SENTINEL NEWSPAPER

Cars which are equipped with wireless systems and connected with the internet facilities are categorized as a connected car. The connectivity of car and internet provides information regarding the status of traffic, collisions and other safety alerts. For the safety purpose, the car is connected with dedicated short-range sensors which eliminate the risk of accidents and increases safety. The market would be driven by decrease in the cost and improvisation in safety.

Globalconnected car market[1]is projecting a rise in estimated value by 2026, registering a healthyCAGR of 16.5%in the forecast period of 2019-2026 due to increased demand for smartphone connectivity, growing government regulations and increasing concerns about safety. The report contains data of the base year 2018 and historic year 2017.

The competitor strategies analysed here generally include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in the market. For an achievement of business at local, regional as well as international level, this high quality Connected Car market research report is a definitive solution. In addition, this market report comprises of vital aspects of the market that contains but are not limited to ...

News source: GOOGLE NEWS

See also: Lyle Industries