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United States Connected Vehicle Market Report 2018 - Forecast to 2023 - ResearchAndMarkets.com

July 24, 2018

DUBLIN--(BUSINESS WIRE)--Jul 24, 2018--The “United States Connected Vehicle Market (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

The United States connected vehicle market is expected to show double-digit growth rates. 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.

Threats and key players:

Tension building between the incumbent automotive players and a new wave of companies/start-ups. Autonomous vehicles will disrupt the automobile industry, but critical challenges include concerns over infrastructure, liability and other legal issues. 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.

Key Topics Covered:

Chapter 1: Executive summary

Chapter 2: United States connected passenger car - market overview

Chapter 3: Connected passenger car services - value proposition

Chapter 4: United States connected truck - market overview

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

Chapter 6: Companies profiled

Airbiquity Inc Aptiv PLC Autoliv Continental AG Denso NXP Semiconductors Robert Bosch GmbH TomTom WirelessCar ZF Friedrichshafen

For more information about this report visit https://www.researchandmarkets.com/research/pmdr9j/united_states?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005846/en/

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Related Topics:In Car Entertainment Systems,Internet of Things and M2M

KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS MOBILE/WIRELESS MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/24/2018 01:55 PM/DISC: 07/24/2018 01:55 PM

http://www.businesswire.com/news/home/20180724005846/en

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