Rising Consumer Preference for Safer Vehicles Fueling Sales of Connected Cars in U.S.
U.S. Connected Car Market Share
U.S. Connected Car Market. The rising incidence of road accidents has pushed up the demand for vehicles equipped with advanced safety systems and features. Moreover, in the U.S., people are increasingly preferring vehicles having excellent safety features over the conventionally used ones. Additionally, the governments at both state and federal levels are implementing stringent regulations and policies pertaining to vehicle safety. This is, in turn, boosting the integration of technologies such as automatic braking. Lane assist, and advanced driver assistance systems (ADASs) in vehicles.
Besides reducing the incidence of road accidents. These technologies also improve the driving experience and mitigate the occurrence of traffic rule violations. Because of these reasons, the regulatory authorities in the U.S. are making the incorporation of these technologies mandatory in vehicles. For instance, the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) recommends the integration of technologies such as dynamic brake support (DBS). Pedestrian automatic emergency braking (PAEB), and crash imminent braking (CIB) in vehicles.
U.S. Connected Car Market Size
These technologies would enhance vehicular safety, which would, in turn, improve the road safety in the country. The NHTSA works very closely with the safety advocates and industry partners for spreading awareness among the automobile buyers about the benefits of using such technologies. As connected cars are equipped with these advanced safety systems, the rising public awareness about vehicle safetyin the U.S. is causing a sharp surge in the sales of these vehicles.
With the ballooning sales of connected cars, the U.S. connected car market is set for lucrative growth in the coming years. Apart from safety devices, connected cars are also equipped with fleet manager. Original equipment manufacturer (OEM) services, processors. Aftermarket services, sensors, and wireless and cellular modules. Out of these, the usage of the fleet manager solutions was found to be the highest in the past. This is because these solutions allow the fleet owners to track the car condition.
U.S. Connected Car Market Share
This, in turn, helps them perform regular vehicle maintenance and repair before the occurrence of any major road accident. 2G, 3G, and 4G/LTE are the most commonly used technologies in connected cars. Out of these, the demand for the 4G/LTE technology is predicted to rise rapidly in the future years. This technology enables the quick download of files and other data over a wireless network and improves the quality of video calling. Navigation, media streaming, and provides enhanced voice quality.
U.S. Connected Car Market Trends
Embedded, integrated, and tethered are the most widely used forms of connectivity in connected cars. Amongst these, the usage of integrated connectivity was the highest in the U.S. in the years gone by, as per the findings of P&S Intelligence, a market research company based in India. The large-scale utilization of this connectivity was because of the compact structure and the greater user-friendly nature of this connectivity in comparison to the other types of connectivity.
The research offers market size of the U.S. connected car market for the period 2013–2023.
U.S. CONNECTED CAR MARKET
- Products and Services – Fleet manager, Wireless and cellular modules, Original equipment manufacturer (OEM) services, Sensors, Processors, and Aftermarket services
- Technology – 4G/LTE, 3G, and 2G
- Application – Navigation, Infotainment, and Telematics
- Connectivity – Integrated, Embedded, and Tethered
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Above all,most importantly,
certainly,That is to say,
in other words,to clarify,
Therefore,as a result,
so,consequently,
In conclusion,to sum up,
in short
Above all,most importantly,
certainly,That is to say,
in other words,to clarify,
Therefore,as a result,
so,consequently,
In conclusion,to sum up,
in short