Connected Mobility Solutions Market is expected to grow with 19% CAGR during the forecast period 2018-2023.
Pune, India -- (SBWIRE) -- 12/06/2018 -- Connected Mobility Solutions Market Information by technology (Wi-Fi, Bluetooth, HSPA+, 3G), by applications (Navigation, Telematics), connectivity form factors (Tethered connectivity, Integrated Connectivity, Embedded Connectivity) by Global Forecast to 2027
Some of the prominent players in the global connected mobility solutions market are Mitsubishi Motors Corporation (Japan), Robert Bosch GmbH (Germany), Siemens AG (Germany), Cisco System Inc (U.S.), Nokia Networks (Finland), Molex Incorporated (U.S.), Deutsche Telekom AG (Germany), HUBER+SUHNER (Switzerland), NXP Semiconductors N.V. (Netherlands) among others.
The global connected mobility solutions market is expected to witness a massive growth during the forthcoming years owing to the increasing demand for cloud-based connected solutions in the automotive sector and the expanding demand of connected and autonomous vehicles. The market has gained a considerable acceleration due to the deployment of Internet of Things in connected mobility solution and development of smart city projects across the world.
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Connected mobility solution market in the automobile market is expected to witness tremendous opportunities in the upcoming years as the demand for cars are increasing day by day. Connected mobility solutions provide the feature to access the controls via different media. Many of the automobiles are now-a-days equipped with intelligent digital assistance systems, which turns to be a major factor driving the growth of the Connected Mobility Solutions Market. However, the connection of vehicles to each other, to traffic lights, congestion warning systems and infrastructure is still in a development stage. There are many challenges that connected mobility market faces. One of the major challenge is the infrastructure of roads and highways to be compatible with this connected mobility technology. Many of the countries in regions like Asia Pacific, the Middle East & Africa, and South America still lack a proper structure of roads and highways with supporting infrastructure.
The key players in the mobility sector are now reinventing themselves thanks to the enormous potential of Connected Mobility: the market for connected vehicles is supposed to grow by 45% up to 2020
Segmentation of Global Connected Mobility Solutions Market:
The global connected mobility solutions market is segmented by technology, application, connectivity, and region. By technology, the market is segmented into Wi-Fi, Bluetooth, 4G/LTE and 5G. Based on the applications, the market is segmented into navigation and telematics. The navigation further includes road and vehicle monitoring and real-time data capturing and management, while telematics includes in-car, car-to-car and car-to-infrastructure. Based on the connectivity, the market is segmented into tethered connectivity, integrated connectivity, and embedded connectivity. The market is covered across regions including North America, Europe, Asia Pacific, and Rest of the World.
The global connected mobility solutions market is studied for Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market and is also expected to grow with the fastest rate during the forecast period. The growth of the market in North America is attributable to the increasing adoption of the internet of things in this region. Also, Automobile companies in the U.S. and Canada are discovering new technologies to eliminate the accidents and give safe journey experience. Europe connected mobility market is gaining momentum due to the increasing demand for connected mobility solutions in the automotive sector. Whereas, in Asia Pacific countries including China, Japan, and India among others, the market is also growing exponentially due to increasing adoption of smart and electric vehicles among people. China is the leading economy showing major growth in connected mobility market as customers now prefer to own a vehicle with better-connected technology.
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February 2018: Robert Bosch GmbH, a leading German engineering company, launched a new connected mobility solutions unit that develops and deploys digital mobility services. The company is expecting that there will be 470 million connected vehicles on the world's roads by 2025. The company is planning to extend their connected mobility services via ride sharing, which includes online services and apps for carpools as well as for arranging driving services and taxis. Also, these mobility services include features such as the system-generated alerts about wrong-way drivers and remote monitoring and control via smartphones.
March 2018: BMW Group entered into partnership agreement with Daimler AG, to merge their mobility services business units to provide combined mobility services. These companies are expanding their existing on-demand mobility offerings such as parking, charging, car sharing, ride-hailing, and multi-modality.
On, March 2018: Toyota Motor Corporation entered into a partnership with Avis Budget Group, a leading global provider of mobility solutions, to add 10,000 Toyota vehicles to expand their fleet services of connected cars and to deliver new connected mobility services that create a new value for businesses and customers. The connected mobility services enhance connectivity and visibility into their fleet and convenience to the people.
- Technology Investors
- Research/Consultancy Firms
- Consulting Service Providers
- System integrators
- Connected mobility solutions Solution Providers
- Cloud Service Providers
- Technology Providers
- Connected mobility solutions Providers
- Universities and research organizations
- Investors and venture capitalists
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