Connected Vehicle Market 2019-2030: Trends, Technology, Opportunities and Market Growth by Key Players – BMW, AUDI, Tesla, Volkswagen

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Connected Vehicle Market is estimated to be US$ 39.78 billion in 2019. The market is anticipated to further grow at a CAGR of 19.15% from 2019 to 2030.
A connected vehicle is equipped with internet and can send data, access data, download software & patches, and communicate with other IoT devices. The first commercial connected car was developed by General Motors with Motorola Automotive in 1996, which could make voice calls to call centres in cases of emergency. Moreover, there are several key players, such as BMW, AUDI AG, Tesla, Volkswagen AG, and others, that have been investing heavily in connected vehicle technology to provide the best solutions in the market. The key functions/features of connected vehicles include infotainment, safety (roadside assistance, traffic, safety & collision warnings, and others), navigation, automobile diagnostics, etc.
Major Key Players of the Connected Vehicle Market are:
BMW, AUDI AG, Tesla, Volkswagen AG, AB Volvo, OnStar (General Motors), Nissan Motor Co., Ltd., Toyota Motor Corporation, Hyundai Motor Company, and Honda Motor Co., Ltd., among others.

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