Tuesday, June 2, 2020

Connected Vehicle Market to Witness Growth Acceleration during 2019-2030 - BMW, AUDI, Tesla, Volkswagen, AB Volvo

Connected vehicle market accounted for over US$39.78 billion in 2019. It is anticipated to grow at a CAGR of 19.15% from 2019 to 2030.

Connected vehicle or connected car is connected with internet (generally wireless), allowing the vehicle to share the internet access with other devices in the car. In short, a connected vehicle can communicate the devices inside and outside. Despite a normal car, already being connected with several devices, a connected vehicle can control wide range of essential functions. For instance, a traffic monitoring feature in your car can signal you in case of heavy traffic and alert beforehand for choosing other alternate route.

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.

Read More @ https://www.openpr.com/news/2029022/connected-vehicle-market-to-witness-growth-acceleration-during


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