Connected Mobility Solutions Market Size,COVID19 Impact on Industry, Growth Drivers and Industry Forecast to 2027

 Connected Mobility Solutions Market Size Overview

 

The Connected Mobility Solutions Market Size is predicted to develop at a 19% CAGR between 2021- 2027, states the recent Market Research Future (MRFR) analysis. Connected mobility, simply put, is the interlinking of services and systems both outside and inside a car through the internet, enabling the driver and passengers to take pleasure of a smoother ride. 

 

Various factors are propelling the global Connected Mobility Solutions Market Size. According to the recent MRFR report, such factors include a rising number of technology providers, growing penetration of electric and smart cars, adoption of connected mobility devices, and the integration of IoT in connected mobility solutions. 

 

On the contrary, lack of IT and communication infrastructure, especially in developing regions, lag in government norms, and the on-going COVID-19 impact are factors that may limit the global Connected Mobility Solutions Market Size growth over the forecast period. 

 

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Market Segmentation 

 

The MRFR report highlights an inclusive segmental analysis of the global Connected Mobility Solutions Market Size based on technology, applications, and connectivity form factor. 

 

By technology, the global Connected Mobility Solutions Market Size is segmented into LTE, 3G, HSPA+, Bluetooth, and Wi-Fi. Of these, the Wi-Fi segment will lead the market over the forecast period. 

 

By applications, the global Connected Mobility Solutions Market Size is segmented into infotainment, telematics, and navigation. The navigation segment is again segmented into real-time data capturing and management, and road & vehicle monitoring, the telematics segment is again segmented into car to infrastructure, car to car, and in-car, and the infotainment segment is again segmented into communication and entertainment. 

 

By connectivity form factor, the global Connected Mobility Solutions Market Size is segmented into embedded connectivity, integrated connectivity, and tethered connectivity. Of these, the embedded connectivity segment is predicted to dominate the market over the forecast period. 

 

Regional Analysis

 

By region, the global Connected Mobility Solutions Market Size covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA). Of these, North America will spearhead the market over the forecast period. Technological advances in Canada and the US, new technologies discovered by automobile companies to reduce road accidents and offer a safe journey experience, increasing adoption of IoT, the latest trend of connected cars in the US, and the proliferation of the internet and connectivity solutions are adding to the global Connected Mobility Solutions Market Size growth in the region. Besides, increasing uptake of such solutions and encouraging research and development activities in related domains are also adding market growth. 

 

The global Connected Mobility Solutions Market Size in Europe is predicted to hold the second-largest share over the forecast period. Increasing investments in connected mobility solutions, rising uptake of advanced & innovative technologies, growing demand in the automotive industry, funding for research and development activities from private sectors, and encouraging government support are adding to the global Connected Mobility Solutions Market Size growth in the region. 

 

The global Connected Mobility Solutions Market Size in the APAC region is predicted to have fast growth during the forecast period at a high CAGR. Increasing developments in technologies in Japan, China, and India, growing adoption of electric and smart vehicles, and increasing extensive research & development activities in the booming automotive sector are adding to the global Connected Mobility Solutions Market Size growth in the region. 

 

The global Connected Mobility Solutions Market Size in LAMEA is predicted to have sound growth over the forecast period. 

 

Key Players

 

Leading players profiled in the global Connected Mobility Solutions Market Size report include NXP Semiconductors N.V. (Netherlands), HUBER+SUHNER (Switzerland), Deutsche Telekom AG (Germany), Molex Incorporated (U.S.), Nokia Networks (Finland), Cisco System Inc. (U.S.), Siemens AG (Germany), Robert Bosch GmbH (Germany), and Mitsubishi Motors Corporation (Japan). 

 

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About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

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