Connected Car Market Size, Share, Growth Analysis, By Service(Navigation, Operational data, Remote Diagnostics, Multimedia Streaming), By Hardware(Head Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit), By Form Type(Embedded, Integrated), By End Use(Original Equipment Manufacturer, Aftermarket), By Transponder(On Board Unit, and Roadside Unit), By Network(DSRC, and Cellular (4G, 5G)), By Electric Vehicle Type(BEV, PHEV, and FCEV), By Application(Data Capture and Management, Dynamic Mobility, Road Weather Management, Real-time Information Synthesis), By Region - Industry Forecast 2024-2031

North America has started to become the region that is experiencing the most robust growth rate compared to other regions when it comes to construction chemicals worldwide due to a surge in infrastructure development and rehabilitation projects. The region’s strong post-pandemic economic recovery has increased investments in residential and commercial development thereby raising demand for modern construction chemicals that enhance sustainable practices and significantly improve longevity. Additionally, advanced technologies are transforming the construction industry and boosting the need for industry-specific chemical products. Building information modelling (BIM) and intelligent materials are examples of such technologies. North America is at the forefront of the building chemicals sector due to regulatory measures that promote sustainable building due to their focus on environmental-friendly materials.

In recent years, the global connected car market in Asia-Pacific has seen unprecedented growth owing to factors like accelerated pace of urbanization and rising consumer demand amongst others as well as advancement in technology. For instance, China, Japan and South Korea are at the forefront of upgrading their transport systems to keep pace with innovations in automobile industry. More people would be going to the mall than ever before since they are able to do all this from their homes without any stress or time wastage involved. Which means that it’s better if we don’t start buying a lot as it may cause congestion. For this reason, connected automobile solutions are growing rapidly within this region, making it a global leader in the industry.