Posted 12/18/2023, 3:35:00 AM
Connected Car Market Poised for Robust Growth, Challenged by Data Issues
- Connected Car Market projected to reach $246.24 billion by 2027, with a CAGR of 27.36%
- Market is fragmented due to many global and regional companies like Alps Alpine, AT&T, BMW, DXC Technology, Ford Motor Co.
- North America expected to contribute 35% of market growth, driven by US and Canada
- Government regulations to increase in-vehicle safety driving market growth
- Data challenges associated with connected cars a major challenge for market growth