IMARC Group's report titled "South East Asia Connected Car Market Report by Technology (3G,4G/LTE, 5G), Connectivity Solutions (Integrated, Embedded, Tethered), Service (Driver Assistance, Safety, Entertainment, Vehicle Management, Mobility Management, and Others), End Market (Original Equipment Manufacturer (OEMs), Aftermarket), and Country 2024-2032". The South East Asia connected car market size is projected to exhibit a growth rate (CAGR) of 17.55% during 2024-2032.
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The South East Asia connected car market is primarily driven by the growing need for in-car safety solutions. Additionally, the development of IoT technology, which allows for the seamless integration of vehicles with various devices and services, is also contributing to the market growth. Moreover, the integration of connected cars with advanced driver-assistance systems (ADAS) for obstacle mapping and anti-lock braking systems (ABS) to facilitate secure braking is further catalyzing the market growth. In line with this, 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 growth.
Besides this, the emerging preference for autonomous driving, electric vehicles (EVs), and mobility-as-a-service (MaaS) is further propelling the growth of the South East Asia connected car market. Moreover, rising preferences for autonomous luxury cars, on account of the inflating disposable incomes and the elevating levels of lifestyles, are also stimulating the market growth. Besides this, the government authorities in the South East Asia are implementing stringent regulations to incorporate safety features, like ADAS, in vehicles, owing to the growing number of fatal road accidents, which is further catalyzing the market growth. Furthermore, various other factors, such as collaborations between local and international manufacturers, continuous research and development efforts, and the elevating levels of digitalization in the automotive industry, are anticipated to drive the growth of the South East Asia connected car market in the coming years.
South East Asia Connected Car Market Report Segmentation:
Technology Insights:
- 3G
- 4G/LTE
- 5G
Connectivity Solutions Insights:
- Integrated
- Embedded
- Tethered
Service Insights:
- Driver Assistance
- Safety
- Entertainment
- Vehicle Management
- Mobility Management
- Others
End Market Insights:
- Original Equipment Manufacturer (OEMs)
- Aftermarket
Country Insights:
- Indonesia
- Thailand
- Singapore
- Philippines
- Vietnam
- Malaysia
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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