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Smart Connectivity Module Market Introduction

Smart connectivity module (SCM) is a standalone solution to support connected vehicle services and wireless network for passenger entertainment. The SCM integrates mobile telecommunication, such as 2G/3G/4G and geolocation GPS, Glonass, in a single module. The SCM is a single connection and helps minimize radio waves inside the vehicle. The SCM enables the operation of connected vehicle services such as telematics and navigation while simultaneously allowing passengers to connect over the internet with their own devices.

Smart Connectivity Module Market - Competitive Landscape

In 2017, Panasonic Corporation raised its stake in Ficosa Internacional SA by 20% to hold 69%. The companies formed a business alliance in 2015 with an aim to develop connectivity & driverless solutions

Valeo

Founded in 1923, Valeo is a leading company operating in smart mobility solutions with headquarters in Paris, France. The company provides SCM under the brand telematics module, which meets new safety regulations such as Era-Glonass, eCall, and Stolen Vehicle Recovery. Valeo is a key global player that supplies advanced driver assistance systems

Ficosa Internacional SA

Established in 1949, Ficosa Internacional SA has its headquarters in Barcelona, Spain. It is a leading manufacturer and provider of advanced vehicle technologies and products such as rear view system, ADAS, Emobility, communication systems, command and control, and industrial vehicles. The company has sales offices in over 16 countries spread across North America, Latin America, Europe, and Asia. SCM developed by the company has amfm, SDARS, and DAB antennas that cater to the market in the Americas, GPS antennas for the U.S. and EU, Glonass for Russia, and BeiDou for China. Ficosa’s SCM, in addition to providing internet to passengers, is also connected over Ethernet auto network to provide information such as communication between vehicles, emergency call, and vehicle position.

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Smart Connectivity Module Market Dynamics

Rising demand for optimized standalone vehicle connectivity solution to drive the SCM market

Rise in demand for connected vehicle services has prompted OEMs to focus on the development of a single platform to support in-vehicle services, such as telematics control unit, emergency assistance, entertainment, and enable passenger devices such as smartphones and tablets to connect over the same internet. Usage of a standalone connection resolves complexity and reduces the radio signals in the vehicle.

Rise in sales of connected vehicles expected to boost demand for SCM

Rising consumer demand to connect the vehicle over the internet is boosting the sales of connected vehicles. Demand for vehicle connectivity is rising in commercial vehicles in order to track fleets and reduce operational losses. Increase in demand for connected vehicle in expected to propel the SCM market.

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Smart Connectivity Module Market Segmentation

Based on vehicle type, the smart connectivity module market can be segmented into

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Based on the sales channel, the smart connectivity module market can be bifurcated into

  • OEM
  • Aftermarket

The report on smart connectivity module market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The smart connectivity module market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The smart connectivity module market report also maps the qualitative impact of various market factors on market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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