San Francisco, California, Apr 26, 2017: A new research report by TMR Research offers a detailed overview of the global connected car market. The research study, titled “Connected Car Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” throws light on the growth factors and opportunities in the global market. The rapid development of the telematics devices is projected to encourage the growth of the overall market in the near future.
The rising popularity of connected car along with the rising use of smartphones are some of the key factors that are estimated to accelerate the growth of the market throughout the forecast period. In addition, the growing demand for autonomous cars is another major factor expected to boost the demand for connected cars in the near future. The disparity of product design procedures between in-built solutions of cars, OEMs, and smartphones is one of the key factors likely to restrict the growth of the global connected cars market in the next few years.
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Among the key regional segments, North America is estimated to lead the global market and hold a major share throughout the forecast period. The favorable rules and regulations for monitoring telematics applications is one of the major factors projected to accelerate the growth of the connected cars market in North America.
The leading players in the market, namely Google Inc., Tesla Motors Inc., BMW AG, Volvo Car Corporation, Audi AG, Robert Bosch GmbH, Vodafone Group Plc., Wirelesscar, General Motors Company, and Delphi Automotive Plc. are focusing on technological developments and innovations.