Pune, India, Aug. 17, 2022 (GLOBE NEWSWIRE) — The global connected car market size is projected to reach USD 191.83 billion by 2028, exhibiting a CAGR of 18.1% during the forecast period. Increasing demand for embedded telematics as drivers seek higher levels of safety and convenience while driving their vehicles. The growing demand for connected cars with advanced features will propel the growth of the connected car market. Fortune Business Insights™ presents this information in its report titled “Connected Car Market 2021-2028.”
The “connected car” refers to any vehicle which has embedded technology that allows it to communicate with external devices such as smartphones or other vehicles via wireless communication technologies such as Bluetooth, Wi-Fi etc., allowing users access remote locations using their mobile phones while driving or parking their cars at home or work premises respectively.
Industry Developments:
February 2020: Ford India introduced the FordPassTM, its comprehensive mobile connectivity solution that enables owners to remotely access their cars, call for breakdown assistance, and perform many such functions, in India. All BS-VI Ford cars will have a cloud-based device that connects the vehicles with the FordPass app.
January 2020: Audi of America and Verizon Business Group collaborated to develop and deliver embedded in-vehicle Wi-Fi and advanced connectivity to future Audi cars. Audi’s connect® CARE will be preinstalled in…
