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North America Connected Vehicle Market is Booming Globally with CAGR of 8% during period 2018-2023

(USGovernment-News.Com, February 10, 2019 ) The North America connected vehicle market is expected to reach USD 27.93 Bn by 2023, expanding at a CAGR of 8% (2018-2023). North America connected passenger car market is expected to reach USD 13.47 Bn by 2023, expanding at a CAGR of 6% (2018-2023), and the North America connected truck market is expected to reach USD 14.46 Bn by 2023, expanding at a CAGR of 9% (2018-2023).

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The connected vehicle ecosystem is evolving in which North America 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.

The U.S. was one of the first countries to adopt connected car technologies and implement M2M connectivity in the automotive sector. Five years down the line, vehicles will be transformed into communication objects, providing a completely new experience. New hi-tech devices, smart phones, high-speed internet, various applications andopen sources such as android systems have transformed the concept of connected vehicles.
North America is expected to lead in the connected truck market given the boom being experienced by the e-commerce segment. A connected environment for supply chain management between all the key stakeholders is required for smooth movement of goods and traffic. This is driving a more connected ecosystem and can be seen as a major driver to adopt new technologies by fleet managers.

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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 and are the primary drivers for the connected vehicle market in the North American region.
o In North America, commercial and regulatory initiatives have recently driven the adoption of OEM telematics services.

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: North America connected passenger car- market overview

2.1. North America market overview
2.1. 1. North America growth drivers
2.1. 2. North America challenges
2.1. 3. North America trends
2.1. 4. Leading players in the market
2.2. North America 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: North America connected truck- market overview

4.1. North America market overview
4.1. 1. North America growth drivers
4.1. 2. North America challenges
4.1. 3. North America trends
4.1. 4. Leading players in the market
4.2. North America 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

Chapter 5: Modular strategy and potential analysis- global truck market

5.1. Value proposition for connected truck services
5.2 Modular strategy - truck manufacturers and OEM’s
5.2. 1. Managing internal complexity through platform and modular components
5.2. 2. Managing external complexity via product portfolio
5.2. 3. Realize and sustainably anchoring complexity management

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