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(Transportation-News.com, February 10, 2019 ) The Asia-Pacific connected vehicle market is expected to reach USD 47.4 Bn by 2023, expanding at a CAGR of 20% (2018-2023). The Asia-Pacific connected passenger car market is expected to reach USD 34.93 Bn by 2023 at a CAGR of 22% (2018-2023) and the Asia-Pacific connected truck market is expected to reach USD 12.47 Bn by 2023, expanding at a CAGR of 17% (2018-2023).
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The connected vehicle ecosystem is evolving in which Asia-Pacific connected car manufacturers and automotive OEMs are developing various connected solutions. On the basis of connectivity, demand for embedded solutions, tethered solutions, and integrated solutions for connected passenger cars has increased over the years. Similarly, the use of telematics and fleet management solutions for connected commercial vehicles has risen.
Two of the world's fastest emerging economies are from the Asia-Pacific - India and China, indicating ample growth opportunities for the development of the connected car market. China has recently expanded significantly in mobile connectivity technology, keeping customer benefits as a priority and accordingly launching connectivity enabled vehicles.
Autonomous vehicles are no more a thing of the future with various sensors (LIDAR, RADAR) and processors placed in the vehicle , which provide real time information and facilitate an autonomous driving experience. Ride sharing companies are investing heavily in this region and also entering into strategic collaborations to upgrade their traditional vehicles to all-electric vehicles.
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Key growth factors
o Demand for a connected driving experience is growing rapidly in this region. Major auto-makers and OEMs are working to make this a reality very soon
o Asia-Pacific is expected to become the prominent market by 2025 for connected cars owing to high growth in the automotive market and developing connectivity infrastructures across the region
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Table Of Content
Chapter 1: Executive summary
1.1. Study segments
1.2. Market segmentation
1.3. Key questions answered in this study
1.4. Executive summary
1.5. Evolution of connected car solution
1.6. SWOT analysis- embedded Solutions
1.7. SWOT analysis- tethered solutions
1.8. SWOT analysis- integrated solutions
1.9. Connected vehicle- ecosystem
1.10. Connected vehicle- integration landscape model
Chapter 2: Asia-Pacific connected passenger car- market overview
2.1. Asia-Pacific market overview
2.1. 1. Asia-Pacific growth drivers
2.1. 2. Asia-Pacific challenges
2.1. 3. Asia-Pacific trends
2.1. 4. Leading players in the market
2.2. Asia-Pacific market size
2.2. 1. Embedded solutions- Historical (2015-2017), forecasted (2018-2023) by value (USD Bn) and volume (Mn units), and key observations
2.2. 2. Integrated solutions- Historical (2015-2017), forecasted (2018-2023) by value (USD Bn) and volume (Mn units), and key observations
2.2. 3. Tethered solutions- Historical (2015-2017), forecasted (2018-2023) by value (USD Bn) and volume (Mn units), and key observations
Chapter 3: Connected passenger car services- value proposition
3.1. Value proposition for connected passenger car services
3.2. Value proposition for original equipment manufacturers (OEM’s) - connected passenger car
Chapter 4: Asia-Pacific connected truck- market overview
4.1. Asia-Pacific market overview
4.1. 1. Asia-Pacific growth drivers
4.1. 2. Asia-Pacific challenges
4.1. 3. Asia-Pacific trends
4.1. 4. Leading players in the market
4.2. Asia-Pacific market size
4.2. 1. Fleet management solutions- Historical (2015-2017), forecasted (2018-2023) by value (USD Bn) and volume (Mn units), and key observations
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