The Business Research Company’s latest report Connected Cars Global Market Report 2020 covers Connected Cars market drivers, Connected Cars market trends, Connected Cars market segments, Connected Cars market growth rate, Connected Cars market major players, and Connected Cars market size. The report provides in-depth analysis of the impact of COVID-19 on the Connected Cars industry, along with revised market numbers due to the effects of the coronavirus.
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Connected Cars Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global connected cars market is expected decline from $73.17 billion in 2019 and to $70.51 billion in 2020 at a compound annual growth rate (CAGR) of -3.63%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $109.92 billion in 2023 at CAGR of 15.95%.
The report covers the Connected Cars market’s segments-
1) By Product Type: Embedded, Tethered, Integrated, Others.
2) By Services: Driver Assistance, Safety, Entertainment, Well-Being, Vehicle Management, Mobility Management, Others.
3) By Application: Navigation, Infotainment, Telematics.
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