IoT Connected Vehicle Market is more aligned towards 2G/3G networks as of now, however, it is moving swiftly towards 4G LTE connectivity which is expected to account for nearly 90% of connected passenger cars with embedded connectivity by 2022. 5G connectivity in cars is anticipated to kick-in from 2020 onwards, however, the overall penetration is likely to remain low till 2022. The progress on the levels of autonomous technology in a car will also dictate the usage of 4G or 5G technology embedded in the cars beyond 2022 when 5G coverage rollout becomes ubiquitous.
5G will enable a fully connected world, and the car industry will be among the first wave of sectors that will be transformed by 5G technology. Offering ultra-low latency, ultra-high bandwidth and reliability, 5G networks will enhance safety and efficiency in the transportation sector. It will also help IoT Connected Vehicle Market self-driving vehicles a reality because 5G networks will satisfy the extremely high requirements key CV service scenarios place on network performance. It will accomplish this with innovative technologies like network slicing, and by providing end-to-end latency as low as 1 ms and peak rates up to 10 Gbps.
Maximize Market Research has comprehensively analysed IoT Connected Vehicle Market. The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, IoT Connected Vehicle Market giants as well as niche players is studied and analysed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent Market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole IoT Ecosystem with utmost ease and clarity.
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