Europe Connected Car Market 2021-2026

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    EUROPE CONNECTED CAR MARKET

     

    INTRODUCTION

    A Connected Car would be any automobile or car that could also link to the world wide web. Typically, such cars connect to the network by WLAN (Wireless Local Area Network).

     

    A connected vehicle may also communicate the network with technologies within and without the automobile, as well as communications with any additional device/services.

     

    Whenever a user requests it, connected automobiles may always connect to the network and execute functions/download information.

     

    Automobile manufacturers employ two types of systems in linked cars which includes the embedded systems and tethered systems.

     

    An Integrated car will have a microprocessor and a built-in transmitter, whereas a Tethered solution will include hardware that links to the motorist’s device.

     

    A connected vehicle may access/send data, receive software security patches, link to other equipment (Internet of Things, or IoT), and give Wi-Fi internet connectivity to occupants.

     

    infographic: Europe Connected Car Market, Europe Connected Car Market Size, Europe Connected Car Market Trends, Europe Connected Car Market Forecast, Europe Connected Car Market Risks, Europe Connected Car Market Report, Europe Connected Car Market Share

    Geo-Fencing is an excellent feature included with linked automobiles. In layman’s terms, it draws a territorial border on a mapping and warns the owner if the car crosses it.

     

    The geo-fencing option may be activated using the mobile application, and it will be incredibly beneficial since the stakeholder of the services are concerned about adolescent drivers driving the automobile.

     

    The variety of applications range from linked infotainment systems that communicate with the driver’s cellular telephone to Internet-connected automobiles that communicate bidirectionally with other vehicles, mobile devices, and municipal junctions.

     

     

    EUROPE CONNECTED CAR MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Stellantis to develop connected car services to boost revenue Stellantis will invest more than £25 billion in vehicle connectivity and electrification as it seeks to create a new revenue stream from software-enabled products and subscriptions. Europe This would enhance better Technologies and production

     

    EUROPE CONNECTED CAR MARKET DYNAMICS

    Connected vehicles have increased the opportunities of potential for improving performance of the vehicle. When General Motors released OnStar in 1996, they collaborated with Motorola Automotive to create the first linked automobile.

     

    At the time, cellular call communications were unreliable, and GM sought to develop a protection solution. Over time, linked automobile safety systems gained characteristics such as GPS position and the capacity to use speech and communications around the same time.

     

    Broadband connections can offer notifications for traffic, crashes, as well as other safety issues. This allows the operator to interface to web networks, allowing for meaningful communication.

     

    The rise in consumer demand for connection solutions, the increased requirement for continual connectivity, the increased reliance on technology, as well as the development in tech-savvy demographic are the primary drivers driving the growth of the worldwide connected vehicles market.

     

    Interconnections options, including the machine-to-machine (M2M) communication platform, have indeed been created throughout time by automobile manufacturers and distributors.

     

    This M2M technology in a car allows two linked automobiles to communicate with one another. Aspects which including technical developments, increased vehicle manufacturing, and increased desire for style and comfort in automobiles are likely to enhance industry expansion.

     

    Furthermore, issues such as improved worldwide vehicle regulations and the high operating cost of simple suspension devices are expected to stymie the expansion of the connected car industry.

     

    infographic: Europe Connected Car Market, Europe Connected Car Market Size, Europe Connected Car Market Trends,  Europe Connected Car Market Forecast,  Europe Connected Car Market Risks, Europe Connected Car Market Report, Europe Connected Car Market Share

    EUROPE CONNECTED CAR MARKET SEGMENTATION

    The Europe Connected Car Market can be segmented into following categories for further analysis.

    Europe Connected Car Market By Application

    • Passenger Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles

     

    Europe Connected Car Market By Technology of Application Type

    • OTA
    • Navigation
    • Cybersecurity
    • Multimedia Streaming
    • Social Media
    • E Call
    • Autopilot
    • Home Integrations

     

    Europe Connected Car Market By Usage Application Type

    • Integrated Solution
    • Embedded Solution
    • Tethered Solution

     

    Europe Connected Car Market By Regional Classification

    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Republic of Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

     

    RECENT TECHNOLOGICAL TRENDS IN EUROPE CONNECTED CAR MARKET

    The term connected vehicle refers to a Computing (IoT) technology with far-reaching ramifications. One of the key applications for the IoT automobile is safety, which may be achieved through speedy vehicle-to-vehicle and vehicle-to-roadside component connections (also known as V2X).

     

    There has also been a key driver for the connected vehicle integration which is the increasing trend in ADAS systems in automobiles since these capabilities assure increased levels of safety.

     

    Different governments throughout the world are also concentrating on legislating several ADAS and safety measures. This has brought upon a better technological advancement and integration of connected car technologies in the market.

     

    This innovation will also be used by self-driving vehicles to interface with the transportation infrastructure as well as cloud system. However, linked automobiles are currently changing the automobile sector. Buyers are gravitating toward linked automobiles as more smart vehicles are introduced.

     

    Connected technology will become the new standard in the next years, improving safety and reducing fatalities. The next generation 5G communication will advance technology, making interconnected automobiles increasingly intelligent and easier to operate.

     

    In the automobile industry, there has been a multi-level integration of communication systems, with V2C connectivity being of particular importance.

     

    The V2C correlation was obtained using the cellular LTE network and transfers data to the cloud. Car-to-cloud communication is mostly used for acquiring over-the-air (OTA) automotive modifications, remote vehicle inspections, and connecting with Connected systems.

     

    infographic: Europe Connected Car Market, Europe Connected Car Market Size, Europe Connected Car Market Trends,  Europe Connected Car Market Forecast,  Europe Connected Car Market Risks, Europe Connected Car Market Report, Europe Connected Car Market Share

     

    EUROPE CONNECTED CAR MARKET COMPETITIVE LANDSCAPE

    Linked automobiles have more connection options than most other mobile networks. In addition to providing consumers with real-time access to a variety of information, they may permit interaction between the automobile and the dealership and notify emergency personnel if users have been involved in an accident.

     

    An interconnected automobile is something that has its very own online connection, often via a wireless local area network (WLAN), which effectively allows to exchange internet connectivity and communications with certain other electronics both inside and outside the automobile.

     

    Robert Bosch is one of the leading developers of the connected technologies of automotive in the market. Bosch joins the car’s modules to construct comprehensive systems that handle energy, safety, protection, and communications optimally.

     

    Automobile organizations generate the majority of data communicated to the network and consume the majority of data obtained from this.

     

    Automobiles can be interconnected to external IT infrastructure and network operators via the mobile broadband, making it an important element of integrated mobility solutions.

     

    Bosch could enable direct car connectivity, among other things. Wireless systems transmit data directly between cars and, for example, the infrastructures. This one will establish the groundwork for data-driven assistance without the need for the world wide web.

     

    Qualcomm Europe is a global developer of the connected vehicle technologies for the market integration at a multi-integrative effort.

     

    The Snapdragon Digital Chassis enables smarter, more comprehensive in-vehicle interactions which can be updated on the fly with new resources and functionality.

     

    Qualcomm Snapdragon Automobile 4G and 5G Systems, with embedded C-V2X, Wi-Fi, Bluetooth, and accurate location capabilities, system inputs and outputs manufacturers and Tier 1 suppliers to address the growing requirement for customised and premium driving experiences driven by 4G LTE and 5G associated technology.

     

    Qualcomm Snapdragon Ride Framework now has a more extensive product route map, which includes the first-announced easily deployable and automated cruising SoC technologies constructed on 5nm production technologies, as well as an increasingly broad software environment with manufacturing bundles for vision perceived notion, parking, and operator tracking.

     

    EUROPE CONNECTED CAR MARKET COMPANIES PROFILED

     

    THIS EUROPE CONNECTED CAR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Europe Connected Car Market size and Forecast, by region, by application
    2. Average B-2-B price for Europe Connected Car Market, by region, per user
    3. Technology trends and related opportunity for new Europe Connected Car Market tech suppliers
    4. Europe Connected Car Market share of leading vendors, by region,
    5. Coronavirus impact on Europe Connected Car Market earnings

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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