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Connected Car market Report in US Region – Business Revenue Forecast

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Puneet Shah
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While vehicles have become somewhat of a mainstream technology, their increased adoption has also caused severe problems. One of the major concerns today is the rising number of road traffic crashes all across the globe, including the U.S. For example, over 38,000 people are killed every day in the U.S. due to road crashes and about 4.4 million are injured severely enough to need medical attention. The traffic fatality rate in the U.S. is 12.4 deaths per 100,000 inhabitants. In addition to this, road crashes in the U.S. cost over $380 million in direct medical costs.

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Because of these attributes, the U.S. connected car ma U.S. connected car market rket is expected to generate revenue of $37,350.1 million by 2023, increasing from $12,354.8 million in 2017, witnessing a 20.8% CAGR during the forecast period (2018–2023). Different products and services are offered by connected car solution vendors, namely aftermarket services, fleet manager, processors, wireless and cellular modules, sensors, and original equipment manufacturer services. Out of these, the largest demand in the past was created for fleet manager services in the past, as fleet managers help in tracking the condition of the vehicle, so that it can be maintained to avoid the occurrence of serious casualties.

Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Products and Services

1.3.2 Market Segmentation by Technology

1.3.3 Market Segmentation by Application

1.3.4 Market Segmentation by Connectivity

1.3.5 Analysis Period

1.3.6 Market Data Reporting Unit Value

1.4 Key Stakeholders

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Market Segmentation by Product

Plug-In Charging
Pantograph Charging
Inductive Charging
Market Segmentation by Connector

Market Segmentation by Charger

Market Segmentation by Charging

Fast Charging
Slow Charging

Competitive Landscape

The key players in the U.S. connected car market are taking strategic measures to gain a competitive edge over their competitors in the market. The strategic moves range from mergers and acquisitions to business expansions and partnerships. To gain a competitive edge over other players in the market, the companies are focusing on improving their existing connected car products and working in collaborations with other market leaders to expand their market reach. The major players in the market are Delphi Technologies PLC, Robert Bosch GmbH, Denso Corporation, Autoliv Inc., Continental AG, and ZF Friedrichshafen AG.

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