As part of the final report, an analysis will be included to examine the effects of the Russia-Ukraine War and COVID-19 on the United States Connected Vehicle industry.
New Industry Report on United States Connected Vehicle Market Status and Prospects [2023-2032] has been released. The report is 120 pages long and provides an overview of the business with key types and applications along with the industrial chain structure. It includes information about the global market, such as development trends, competitive landscape analysis, key regions, and their development status. The report also examines advanced approaches and plans, as well as manufacturing processes and cost structures. It analyzes import/export utilities, market figures, cost, price, revenue, and gross productivity of the market. If you are interested in the report, Please Request a Free Sample Copy
The United States connected vehicle market is expected to show double-digit growth rates.
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Connected vehicles could boost service revenues for U.S. automakers. OEMs such as Ford Motor Co and General Motors Co could potentially charge a monthly/annual subscription fee from customers who would be interested in accessing real time, crowd-sourced HD maps maintained by a wide network of tens of millions of vehicles.
The U.S. Department of Transportation’s (USDOT’s) Connected Vehicle program is working with local transportation agencies and the state, vehicle and device manufacturers, and the public to test and evaluate technology that will enable cars, buses, trucks, trains, roads and other infrastructure, so that smartphones and other devices can talk to one another.
Connected vehicles could potentially reduce the number of casualties and injuries caused by accidents on roads and highways. The number of people surviving these crashes has increased significantly because of airbags, anti-lock brakes, and other technologies. The USDOT is shifting its focus from helping people survive crashes to preventing crashes from happening in the first place.
Connected vehicles have many significant advantages over new technologies now appearing in high-end vehicles, such as radar, lidar, cameras, and other sensors. Connected vehicle technologies and applications have a great range of on-board vehicle equipment, which allows the occupant to receive alerts of hazardous situations much earlier, providing more reaction time and possibly preventing accidents.
Key growth factors
o Demand for an autonomous driving experience in maximum in this region, according to forecasts along with the technological advancements and increasing the need for connectivity among the customers are the primary drivers for the connected vehicle market in the U.S. market.
o In the U.S, commercial and regulatory initiatives have recently driven the adoption of OEM telematics services.
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Threats and key players
o Tension building between the incumbent automotive players and a new wave of companies/ start-ups.
o Autonomous vehicles will disrupt the automobile industry, but critical challenges include concerns over infrastructure, liability and other legal issues.
o Some of the key players operating in the market are:- Airbiquity Inc, Aptiv PLC, Autoliv, Continental AG, Denso, NXP Semiconductors, Robert Bosch GmbH, TomTom, WirelessCar, and ZF Friedrichshafen.
What’s covered in the report?
1) Overview of the United States connected vehicle market
2) Evolution of connected car solutions
3) Connected vehicle ecosystem
4) Connected vehicle- integration landscape model
5) Total number of embedded passenger car solutions in United States by value (USD Bn) and volume (Mn units) 2018-2023,CAGR, and SWOT analysis for embedded solutions
6) Total number of integrated passenger car solutions in United States by value (USD Bn) and volume (Mn units) 2018-2023, CAGR, and SWOT analysis for integrated solutions
7) Total number of tethered passenger car solutions in United States by value (USD Bn) and volume (Mn units) 2018-2023, CAGR, and SWOT analysis for tethered solutions
8) Value proposition for connected passenger car services
9) Value proposition for original equipment manufacturers (OEMs)- connected passenger car services
10) Total number of fleet management solutions in United States by value (USD Bn) and volume(Mn units) 2018-2023 and CAGR
11) Value proposition for connected truck services
12) Modular strategy – truck manufacturers and OEMs
13) Key opportunities in the United States connected vehicle market
14) Key market trends in the United States connected vehicle market
15) Analysis of company profiles of major public and private players operating in the market
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Why buy?
1. Understand the demand for connected vehicle products and services to determine the viability of the business.
2. Determine the developed and new markets where connected vehicle technology is consumed.
3. Formulate a product market strategy based on the position in the value chain and determine the optimal product/service placement.
4. Identify the gap areas and address them.
5. Develop strategies based on the industry and economic factors for each of the segments.
6. Define the competitive positioning by comparing the products and services with the key players in the market.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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On June 8th, 2022, the Bureau of Economic Analysis and U.S. Census Bureau released a report detailing the recovery of the U.S. market and international trade. The report highlighted the significant growth in exports and imports, with exports reaching $300 billion in April 2022, an increase of $13.4 billion, and imports amounting to $294.5 billion, increasing by $17.4 billion. Despite the impact of COVID-19 on the global economy, the U.S. market is showing signs of recovery.
However, the Healthcare/ICT/Chemical industries are still feeling the effects of the pandemic, which is creating a large market for United States Connected Vehicle. As the recovery of the U.S. market continues, there will be a direct impact on these industries, and the demand for United States Connected Vehicle is likely to increase. The report highlights the need for businesses to stay informed about market trends and adjust their strategies accordingly to take advantage of emerging opportunities in this evolving landscape.
Intricacies of COVID-19 Impact Analysis:
The pandemic of COVID-19 has also reduced the availability of and demand for non-COVID-19-related medical treatment. A wide range of treatments, including emergency care for acute diseases, routine check-ups, and recommended cancer screenings, are being postponed or avoided by patients. Undiagnosed illnesses and a failure to intervene early will have serious long-term health consequences. COVID-19 has accelerated a variety of existing and emerging healthcare trends, including changing consumer attitudes and habits, the convergence of life science and health care, rapid advances in digital health technologies, and new talent and care delivery models, to name a few.
In-depth Analysis of the Russia-Ukraine War Impact:
Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War.
The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
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Some Questions Answered in the United States Connected Vehicle Market Report:
- What is the projected size of the United States Connected Vehicle market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the United States Connected Vehicle industry?
- What are the major market trends that are affecting the expansion of the United States Connected Vehicle market?
- What obstacles must be overcome in order to achieve sustained growth in the United States Connected Vehicle market?
- What opportunities and threats do vendors in the United States Connected Vehicle market face?
- What are the raw materials and manufacturing equipment used in the production of United States Connected Vehicle, and what is the manufacturing process?
- What are the different types and applications of United States Connected Vehicle, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the United States Connected Vehicle market?
- What factors are driving the growth of the United States Connected Vehicle market in the top regions worldwide?
- Who are the major players in the United States Connected Vehicle market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the United States Connected Vehicle market?
- What are the main findings of a five forces analysis of the United States Connected Vehicle market?
To gain a better understanding of market conditions, a Five Forces analysis is conducted, which includes an assessment of the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Additionally, a PESTLE analysis is performed to evaluate the external factors that may impact the market:
- Political factors: This includes political policies and stability, as well as trade, fiscal, and taxation policies.
- Economic factors: Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates are all considered under this category.
- Social factors: Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles are taken into account when analyzing the social factors that may affect the market.
- Technological factors: Changes in digital or mobile technology, automation, research, and development are evaluated to determine the potential impact on the market.
- Legal factors: Employment legislation, consumer law, health and safety regulations, and international trade restrictions are among the legal factors that may affect the market.
- Environmental factors: Climate, recycling procedures, carbon footprint, waste disposal, and sustainability are all taken into consideration when assessing the potential impact of environmental factors on the market.
Our United States Connected Vehicle Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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