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The Smart Robot Market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2027
Additionally, it provides a futuristic perspective on various factors that are likely to boost Smart Robot Market growth in the years to come. Besides, authors of the report have shed light on the factors that may hamper the growth of the Market.
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Smart Street Lighting Market Analysis, Key Players, Business Opportunities, Share, Trends, High Demand and Growth Forecast 2023-2028
The report named, Smart Street Lighting Market Report, History and Forecast 2023-2028" has been added to the archive of market research studies by Fortune Business Insights. The industry experts and researchers have offered reliable and precise analysis of the Market in view of numerous aspects such as growth factors, challenges, limitations, developments, trends, and growth opportunities. This report will surely act as a handy instrument for the market participants to develop effective strategies with an aim to reinforce their market positions. This report offers pin-point analysis of the changing dynamics and emerging trends in the Market.
Additionally, it provides a futuristic perspective on various factors that are likely to boost Smart Street Lighting Market growth in the years to come. Besides, authors of the report have shed light on the factors that may hamper the growth of the Market.
Competition is a major subject in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study key strategies adopted by leading players of the Smart Street Lighting Market. They will also be able to plan counterstrategies to gain a competitive advantage in the Market Report. Major as well as emerging players of Market are closely studied taking into consideration their market share, production, revenue, sales growth, gross margin, product portfolio, and other significant factors. This will help players to become familiar with the moves of their toughest competitors in the Market. The report is just the right tool that players need to strengthen their position in the Smart Street Lighting Market. It is also the perfect resource that will help players to sustain their lead or achieve a competitive position in Market.
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The global automotive connectivity market is projected to register at a moderate-paced CAGR of 19% over the forecast period. The automotive connectivity market is currently valued at US$ 33.42 Billion in 2023. By 2033, demand for automotive connectivity is expected to reach a high of US$ 190.29 Billion.
Key Takeaways
Market analysts believe that the driver assistance subsector would grow at the highest rate during the next few years.
During the foreseen time frame, the 5G sub segment is expected to generate the most revenue. In order to improve the connectivity between vehicles and external devices, several telecommunications firms are working on the next-generation 5G networks.
The automotive connectivity trends is predicted to improve as a result of a rise in demand for lightweight suspension systems and the development of innovative suspension systems.
Automotive manufacturer partnerships that showcase the benefits of connected parking are likely to accelerate its widespread adoption.
Competitive Landscape
Continental AG, Robert Bosch GmbH, Harman International Industries, Inc., DENSO Corporation, Airbiquity Inc., and Visteon Corporation are the most prominent players in the automotive connectivity market. Over the projection period, the connected features of automobiles are expected to become commonplace in emerging markets like China, India, etc., where original equipment manufacturers (OEMs) have begun including such technologies in their newest models.
The demand for automotive connectivity is anticipated to rise as a result of factors like the introduction of strict safety standards, the rising popularity of high-end luxury vehicles, the advent of 5G infrastructure, autonomous vehicles, and the increasing prevalence of integrated connectivity.
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Connected Car Industry is headed by the Installation of Cybersecurity Systems
One important automotive connectivity market trend is the increasing incorporation of cybersecurity solutions into automotive safety systems. Data has emerged as an increasingly important part of the automotive sector in recent years. When driving a "connected" vehicle, the user's smartphone is integrated with the car's infotainment system. There is a significant chance that the user's data, which may include personal and financial data, will be compromised. Google and Apple, two of the biggest names in tech, are working on cybersecurity software for cars to stop data theft. These apps are simple to use, keep tabs on the safety of the car, and alert the owner if an unauthorized person attempts to access the system from another device. For instance, DENSO collaborated with Dellfer on the creation of the ZeroDayGaurd 1.0 cybersecurity solution for the automotive industry.
Recent Developments in the automotive connectivity market include:
The London Electric Vehicle Company (LEVC) and Geotab, the industry leader in the Internet of Things and linked transportation, announced a new agreement in May 2022 to equip LEVC's electric TX taxi and VN5 van with cutting-edge fleet management technology.
For the purpose of creating a connected vehicle platform, Robert Bosch GmbH partnered with Mahindra & Mahindra in August 2021. This collaboration will aid in expanding and improving the logistics connectivity platform.
Ford Motor Company and Google struck a strategic collaboration agreement in February of 2021 to collaborate on the creation of new automotive connectivity service software. This collaboration will benefit Ford Motor Company's connected car division.
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Temperature Sensors Market Analysis, Key Players, Business Opportunities, Share, Trends, High Demand and Growth Forecast 2023-2026
The report named, Temperature Sensors Market Analysis, Size and Forecast 2023-2026" has been added to the archive of market research studies by Fortune Business Insights. The industry experts and researchers have offered reliable and precise analysis of the Market in view of numerous aspects such as growth factors, challenges, limitations, developments, trends, and growth opportunities. This report will surely act as a handy instrument for the market participants to develop effective strategies with an aim to reinforce their market positions. This report offers pin-point analysis of the changing dynamics and emerging trends in the Market.
The Temperature Sensors Market size will grow from USD 5.02 billion in 2018 to USD 7.88 billion by 2026 at a compound annual growth rate (CAGR) of 6.1%.
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