Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Connected Car Market to reach USD 95.44 Bn by 2029 at growth rate of 19.02 percent, Market trends and Industry analysis

Published

on

<!– Name:DistributionId Value:8785836 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:1267597 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:7eec5127-091e-466a-9433-999ccce53eaa –>

New York, US, March 10, 2023 (GLOBE NEWSWIRE) — Maximize Market research, a global Automotive and Transportation business-consulting firm, has published a market intelligence and competitive landscape report on the “Connected Car Market”. The total market opportunity for the Connected Car market was USD 23.7 Bn in 2021 and is expected to grow at 19.02 percent CAGR over the forecast period to reach USD 95.44 Bn by 2029.

Market Size in 2021 USD 23.7 Bn
Market Size in 2029 USD 95.44 Bn
CAGR 19.02 percent (2022-2029)
Forecast Period 2022-2029
Base Year 2021
Number of Pages 276
No. of Tables 135
No. of Charts and Figures 120
Segment Covered Connectivity, Technology, and Application
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/13525

Connected Car Market Scope and Research Methodology

The report provides an in-depth analysis of the Connected Car Market based on segmentation. The segments provided in the Connected Car Market report are based on Connectivity, Technology, and Application. Connected Car Market segmentation helps to understand the Connected Car market structure easily. The regional insights highlight the use of Connected Car in the regions with factors including drivers, restraints, challenges and opportunities affecting the growth of the markets. The report includes the competitive landscape, which provides detailed information on the position of key players in the Connected Car industry with partnerships, business growth and acquisitions.

Data was collected through primary and secondary research methods from the Connected Car market. Secondary research includes sources such as company annual reports, presentations, publications of OEMs vehicle sales, technical handbooks and technical articles. Primary interviews were conducted with Connected Car Market experts from both the demand (OEMs) and supply (connected car solution and service providers) sides across the region. Primary data was collected through questionnaires and telephonic interviews. The bottom-up approach was used to estimate the connected car market size by value and volume. Porter’s five forces analysis is also included in the report, which helps to understand the Connected Car market through various perspectives.

Connected Car Market Overview

The connected car has two-way communication capabilities with external systems (LAN). This helps automobiles to exchange data and provide internet access with other devices outside and inside the vehicle. The global Connected Car market is driven by connected automobiles that bring value to vehicle owners in terms of safety and comfort.

Connected Car Market Dynamics

During the forecast period, the increasing adoption of the Advanced Driver Assistance Systems (ADAs) and emerging new technologies such as 5G and Artificial Intelligence (AI) are expected to drive the Connected Car Market growth. The Connected Car Market is also expected to grow due to the increasing number of vehicle thefts that are drawing the attention of car buyers to surveillance systems, which monitor their vehicles and send timely updates about their locations. The factor that is expected to majorly restrain the Connected Car Market growth is the lack of connectivity infrastructure. Connected cars comprise hardware, mobile apps, software and Bluetooth, which are vulnerable to cyberattacks. This is expected to be a major challenge for the Connected Car Market growth.

Get the Sample PDF of the Report: https://www.maximizemarketresearch.com/request-sample/13525

Connected Car Market Regional Insights

The Asia-Pacific region dominated the global Connected Car Market with a share of 45 percent in 2021 and is expected to grow at a significant CAGR during the forecast period. This growth of the regional Connected Car Market is expected majorly due to the increasing research and development expenditures by key industry players.

Europe is also held a significant share of the Connected Car Market because of the presence of major market players and various development projects undertaken by governments across the region.

The Connected Car Market in the North America region is expected to grow at a high CAGR during the forecast period due to the increasing adoption of advanced technologies such as 5G connectivity.

Connected Car Market Segmentation

By Connectivity:

  • Integrated
  • Embedded
  • Tethered

By Technology:

By Application:

  • Driver Assistance
  • Telematics
  • Infotainment
  • Others

Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/13525

Connected Car Market Key Players Include:

  • Robert Bosch GmbH (Germany)
  • Continental AG (Germany)
  • Audi AG (Germany)
  • ZF Friedrichshafen AG (Germany)
  • Infineon Technologies (Germany)
  • TomTom N.V. (Netherlands)
  • NXP Semiconductors N.V. (Netherlands)
  • Denso Corporation (Japan)
  • Tata Consultancy Services Limited (India)
  • Visteon Corporation (US)
  • Harman International (US)
  • AT&T Inc. (US)
  • Airbiquity Inc (US)
  • Qualcomm Technologies Inc. (US)
  • Tesla, Inc (US)
  • BorgWarner Inc (US)
  • Ford Motor Company (US)
  • Microsoft Corporation (US)
  • Verizon Communications Inc (US)
  • Intel Corporation (US)
  • Sierra Wireless (Canada)
  • Magna International (Canada)

Key questions answered in the Connected Car Market are:

  • What is Connected Car?
  • What was the Connected Car market size in 2021?
  • What is the forecast period of Connected Car market?
  • What will be the Connected Car market size by 2029?
  • What is the growth rate of the Connected Car Market?
  • Which are the factors expected to drive the Connected Car market growth?
  • What factors are expected to hamper the Connected Car market growth?
  • Which segment dominated the Connected Car market growth?
  • What is the demand pattern for the Connected Car market?
  • Which region held the largest share in the Connected Car market?
  • Who are the key players in the Connected Car market?

Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/13525

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Connectivity, Technology, and Application
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Autonomous / Self-Driving Cars Market: The market volume was at 20.5 Mn Units in 2021 and the total revenue is expected to grow at 13.5 percent of CAGR through 2022 to 2029, reaching 56.46 Mn Units. High demand for luxury cars is making the future is expected to drive the market growth.

Car Covers Market: The total market size was valued at USD 787.2 Mn in 2021 and the market is expected to reach USD 989.48 Mn by 2029, at a CAGR of 2.9 percent. Customers’ awareness about car safety and increasing demand for cars is expected to drive the market growth.

Car Security System Market: The total market size was valued at USD 10.72Bn in 2021 and the total revenue is expected to grow at a CAGR of 7.2 percent through 2022 to 2029, reaching USD 18.69 Bn. Customer demand, particularly for aftermarket installations is expected to drive the market growth.

Solid State Car Battery Market: The total market size was valued at USD 1.09 Bn in 2022 and total revenue is expected to grow at a rate of 36 percent CAGR from 2023 to 2029, reaching USD 9.40 Bn in 2029. The lower range of an electric vehicle on a single charge in concern for EV users is expected to drive the market growth.

Car DVR Market: The market size was valued at USD 2889.6 Mn in 2021 and the total revenue is expected to grow at 5.10 percent through 2022 to 2029, reaching USD 4301.89 Mn. Technological advancements, rising awareness of in-vehicle safety, and favourable regulatory regulations is expected to boost the market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Computime announces the launch of one of the first true Matter thermostats

Published

on

computime-announces-the-launch-of-one-of-the-first-true-matter-thermostats

HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions. 

Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices. 
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/computime-announces-the-launch-of-one-of-the-first-true-matter-thermostats-302155918.html

Continue Reading

Artificial Intelligence

GVG featured on the 2024 Africa RegTech Horizon-100 list

Published

on

gvg-featured-on-the-2024-africa-regtech-horizon-100-list

MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025. 

This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
Photo – https://mma.prnewswire.com/media/2421578/Global_Voice_Group_2024.jpg

View original content:https://www.prnewswire.co.uk/news-releases/gvg-featured-on-the-2024-africa-regtech-horizon-100-list-302155235.html

Continue Reading

Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

Published

on

unlock-an-exclusive-olympic-experience:-celebrating-live4well’s-sold-out-genesis-nft

HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
Photo – https://mma.prnewswire.com/media/2421983/image.jpg
Photo – https://mma.prnewswire.com/media/2421640/Live4Well.jpg
Logo – https://mma.prnewswire.com/media/2421641/4725441/Live4Well.jpg
 
 

View original content:https://www.prnewswire.co.uk/news-releases/unlock-an-exclusive-olympic-experience-celebrating-live4wells-sold-out-genesis-nft-302155644.html

Continue Reading

Trending