PUBLISHER: IMARC | PRODUCT CODE: 1554454
PUBLISHER: IMARC | PRODUCT CODE: 1554454
Japan connected car market size is projected to exhibit a growth rate (CAGR) of 21.20% during 2024-2032. The growing dependency on uninterrupted connectivity to access navigation services is providing a thrust to the market growth.
Connected cars are automobiles integrated with internet connectivity and advanced communication technologies, enabling the seamless exchange of information through multiple communication channels. Their purpose is to enhance vehicle performance, provide added convenience to users, and enable effective communication between the transportation system and its environment to prevent road accidents and offer notifications about available parking spaces. These vehicles also deliver immediate traffic alerts to drivers and can trigger emergency services in case of unforeseen incidents. Additionally, these alerts and signals contribute to the improvement of overall traffic performance and management of road safety, all while ensuring optimal driving comfort.
The Japan connected car market is primarily stimulated by the growing need for in-car safety solutions. Consequently, the extensive integration of connected cars with advanced driver-assistance systems (ADAS) for obstacle mapping and anti-lock braking systems (ABS) to facilitate secure braking is poised to foster a favorable market outlook. Additionally, the introduction of 5G connectivity and the increasing adoption of artificial intelligence (AI) and machine-to-machine (M2M) connectivity among multiple vehicles are positively influencing the market. Simultaneously, continuous advancements in the production of sophisticated suspension systems are providing further momentum to the market. The market's momentum is additionally bolstered by the increasing preference for luxury cars among individuals with substantial disposable incomes and the emergence of trends related to autonomous driving. Other contributing factors to market growth include the rapid digitalization across the automotive sector and extensive research and development (R&D) initiatives undertaken by key industry players. In addition, the enforcement of strict regulations by governments in various nations has compelled automotive producers to create vehicles equipped with ADAS attributes in response to mounting apprehensions about passenger safety, thereby aiding market expansion. Furthermore, factors such as continuous research and development (R&D) endeavors, swift digitalization in the automotive industry, and the emergence of self-driving trends are also expected to foster a favorable market perspective.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on technology, connectivity solutions, service, and end market.
The report has provided a detailed breakup and analysis of the market based on the technology. This includes 3G, 4G/LTE, and 5G.
A detailed breakup and analysis of the market based on the connectivity solutions have also been provided in the report. This includes integrated, embedded, and tethered.
The report has provided a detailed breakup and analysis of the market based on the service. This includes driver assistance, safety, entertainment, vehicle management, mobility management, and others.
A detailed breakup and analysis of the market based on the end market have also been provided in the report. This includes original equipment manufacturer (OEMs) and aftermarket.
The report has also provided a comprehensive analysis of all the major regional markets, which include Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Company names have not been provided here as this is a sample TOC. The complete list is provided in the report.