Connected Vehicle Market Strategic Plan for Positive Growth 2030 - BMW, AUDI AG, Tesla, Volkswagen

As per the Centers for Disease Control, vehicleaccidents are the leading cause of death amongthe age group of 18 to 35 across the globe. Connected vehicles are embedded with a wide range of safety features, such as remote diagnostics, multimedia streaming, access to social media & other apps, cyber security,on-road assistance, autopilot, e-call & SOS assistance, and other safety features which can lessen the number of vehicles accidents. Hence, many regional governments have been undertaking various initiatives to reduce road accidents by promoting connected vehicle technology. For instance, The US Department of (USDOT's) is a connected vehicle program engaged in working with state transportation agencies, vehicle OEMs, local transportation agencies, and device makers to promote connected vehicle technology. Such government initiatives have been driving the overall growth of the market.

Market Industry Reports (MIR) has published a new report titled "Connected Vehicle Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2030." According to the report, the global connected vehiclemarket accounted forover US$39.78 billion in 2019. It is anticipated to grow at a CAGR of 19.15% from 2019 to 2030.

Major Key Players of the Connected Vehicle Market are:BMW, AUDI AG, Tesla, Volkswagen AG, AB Volvo, OnStar (General Motors), Nissan Motor Co., Toyota Motor Corporation, Hyundai Motor Company, and Honda Motor Co., Ltd., among others.

Read More @ https://www.openpr.com/news/2013427/connected-vehicle-market-strategic-plan-for-positive-growth