Europe IoT Connected Cars Market, is expected to grow from USD xx billion in 2016 to USD XX billion in 2024. The segments considered under the scope of the report includes application (Telematics, Infotainment), communication type (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Home (V2H)), services (Connected Services, Safety & Security, Autonomous Driving), hardware (Smart Antenna, Display, Electronic Control Unit (ECU), Sensors), network (Dedicated Short Range Communication, Cellular Network/Wi-Fi), and geography/country (UK, Germany, Italy, France, Spain, Russia, Others).

Europe IoT Connected Cars Market

Maximize Market Research, a global market research firm has undertaken extensive research about the Europe internet of things (IoT) connected cars market outlook in terms of the technology growth and the overall IoT ecosystem.

The report includes market dynamics describing about the drivers, restraints, and opportunities along with profiling the changing business dynamics and its related impacts on the overall market growth. The report further gives an in-depth analysis regarding the changing competitive scenario for helping all the stakeholders in the industry and clients.

Connected Car refers to the presence of devices present in an automobile that connect the devices with one another within the car/vehicles using networks and services outside the car. It includes other cars, home, office or infrastructure using internet access usually connected through a local area network.

As connected devices become predominant in our homes and workplaces, the IoT technology create and support a connected car ecosystem together with its advancements. In fact, it is expected that there will be more than 380 million connected cars on the road by 2021 globally with 16.6 million in UK alone boosting Europe IoT connected cars market. The connected car technology has fundamentally changed the way live, work and drive.

Being connected to other cars on the road will eventually make driving much safer forming one of the major driver for the overall Europe IoT Connected Cars Market growth. Combined with analytics, the smart systems used in automobiles could substitute for a driver in case of emergency. Safety is a huge concern with more than 1.25 million deaths worldwide caused by traffic accidents every single year, making road accidents the tenth leading cause of death worldwide. The safety related to the IoT connected cars have further acted as another major driver for the overall market growth of Europe IoT connected car.

Connected and automated driving have created and will create new areas of business in future that will eventually change the traditional automotive business models in Europe. UK, and Germany remain some key areas boosting the overall growth of IoT connected cars where manufacturers are transitioning into the phase of innovative mobility solutions providers. These are some of the main driving factors for Europe IoT Connected Cars Market.


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