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The connected car market is forecast to increase by USD 341.72 billion, at a CAGR of 36.5% between 2023 and 2028. Market expansion hinges on various factors such as the escalating internet penetration, which significantly influences the connected cars sector. Additionally, the utilization of blockchain technology in connected cars and government mandates aimed at enhancing in-vehicle safety and safety controls contribute to market growth. In recent times, telematics with a navigation system and smartphone integration was integrated with the in-vehicle infotainment system. However, challenges persist, including the intricate design and technological hurdles faced by manufacturers. Furthermore, the relatively short product lifespan of connected car technologies, attributed to the rapid advancements in passenger smartphones, poses a significant obstacle. Additionally, managing the extensive data generated by connected cars presents another challenge. Despite these hurdles, the market continues to evolve, driven by ongoing technological innovations and regulatory initiatives aimed at enhancing safety and connectivity in vehicles.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Connectivity
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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