The global connected mobility solutions market is expected to exhibit a robust 19% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global connected mobility solutions market is mainly driven by the growing demand for connected mobility solutions from the automotive industry and the growing demand for the Internet of Things (IoT) in the global manufacturing and industrial sector. The global connected mobility solutions is likely to be driven by the growing array of applications being developed for connected mobility solutions in a number of end-use sectors.Get Free Sample at: www.marketresearchfuture.com/sample_request/871
A number of vehicle manufacturers have entered into collaboration and research agreements with major connected mobility solution developers in recent years to develop convenient connected mobility suites for automotive applications. This is likely to be major driver for the global connected mobility solutions market over the forecast period, as the demand for automotive intelligence and communicability is likely to grow over the forecast period. The steady development of autonomous cars and the growing commercial potential of the autonomous cars sector in developed parts of the world is likely to further present the global connected mobility solutions market with a slew of potential end-use opportunities over the forecast period.
Competitive Analysis:
Leading players in the global connected mobility solutions market include NXP Semiconductors NV, HUBER+SUHNER, Deutsche Telecom AG, Molex Inc., Nokia Networks, Cisco System Inc., Siemens AG, Robert Bosch GmbH, and Mitsubishi Motors Corporation.
Segmentation:
Connected Mobility Market Size is segmented by technology, application, connectivity, and region.
By technology, the global connected mobility solutions market is segmented into Wi-Fi, Bluetooth, 4G/LTE, and 5G.
Based on application, the connected mobility solutions market is segmented into navigation and telematics. The navigation segment includes road and vehicle monitoring and real-time data capturing and management, while telematics includes in-car, car-to-car, and car-to-infrastructure telematics.
Based on connectivity, the connected mobility solutions market is segmented into tethered connectivity, integrated connectivity, and embedded connectivity.
In contrast, Asia Pacific is likely to lag behind the North America and Europe markets due to the lack of demand for autonomous vehicles, though the growing demand for premium passenger vehicles is likely to drive the connected mobility solutions market in the region at a steady growth rate over the forecast period.
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