Report Code: A13948 | Pages: NA | Mar 2023 | 1327 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Cloud Based System Market
Request Now !The cloud can host a software service from a remote location that is freely accessible and used through the internet. Cloud-based systems enable monitoring of car performance and issues without any action needed at the driver end. A cloud-based system operates without the need for human intervention. This system operates automatically through a network of sensors when any issue about performance occurs in the vehicle. The cloud-based system is a software service that uses an internet network to monitor and detect problems, assuring the safety of drivers and passengers. The Asia-Pacific automotive cloud-based technology market is expected to grow considerably during the forecast period, followed by North America and Europe. This can be attributed to the rapid adoption of automotive cloud-based technologies in countries such as China, which is the largest manufacturer of vehicles across the globe. The development of cloud infrastructure and the use of cloud services by Indian automotive original equipment manufacturers (OEMs) have also contributed to the growth of the automotive cloud-based system market in the Asia-Pacific
COVID-19 Impact Analysis
The COVID-19 outbreak had a significant global impact on the automotive sector, resulting in a significant reduction in automotive sales, insufficiency of raw material, and others. Many small and large players in the automotive sector are experiencing difficulties such as production halts, mandated plant closures by the government, and others. Moreover, as a result of COVID-19, automotive OEMs and several advanced mobility players have experienced the biggest impact in the automotive industry. This could lead to a direct long-term influence on the automotive industry as well due to the macroeconomic trends, changes in consumer behavior, and regulatory developments. The automotive industries are on the search for how changes in consumer behavior may influence passenger cars sales with many changes imposed upon our daily lives by the COVID-19 pandemic. However, industry leaders are always investing into R&D activities to bring about the change in the in-car infotainment market. For Instance, in 2020, Mercedes-Benz introduced an advanced multimedia infotainment system, MBUX, that provides customers with real-time information about the pandemic. The infotainment system will enable users to navigate to the nearest COVID-19 testing centers. Furthermore, Jaguar Land Rover envisions a gesture control system for cars in 2020 to limit the virus transmission.
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Automotive Cloud based System Market Report Highlights
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Key Market Players | Robert Bosch GmbH, Harman International, Denso Corporation, Delphi Automotive PLC, Trimble Inc., Continental AG, Sierra Wireless, Tom-tom International, Verizon wireless. |
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