Portable Automotive Wi-Fi Routers Market to Grow from $1.12 Billion in 2020 to $5.15 Billion by 2030 | CAGR of 16.6%

WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 21, 2024 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, “Portable Automotive Wi-Fi Router Market by Vehicle Type, Sales Channel, Vehicle Class and Application: Global Opportunity Analysis And Industry Forecast, 2021–2030,” the global portable automotive Wi-Fi routers market was valued at $1.12 billion in 2020, and is projected to reach $5.15 billion by 2030, registering a CAGR of 16.6% from 2021 to 2030.

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific and LAMEA. U.S. dominated the global portable automotive Wi-Fi router market share in 2020. Mexico is expected to grow at a significant rate during the forecast period, owing to increase in demand for smart vehicles.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/A13673

The automotive industry has shifted its focus toward well-connected systems and vehicles. Enhancing the driver and passenger experience without compromising on safety should be the prime factor to be considered by the manufacturers and service providers. Connectivity is more than just a need, it’s now an integral part of life. From businessmen to frequent travelers, all require connectivity on the go. With uncertainty of cellular signal, it becomes essential to incorporate a device or a service, which aids and delivers continuous signal in order to stay connected in the modern social world.

A portable Wi-Fi router for hotspot access can be used to ensure connection between automotive devices. Automotive manufacturers are thus embracing advanced connectivity solutions, adopting cellular and Wi-Fi technology to deliver resourceful services and enhance customer experience. The increasing penetration of Internet of Things (IoT) into the automotive industry is enabling fleet and automobile telematics to offer better and efficient solutions to customers. The boom in smartphone industry and aggrandized use of cloud technology, navigation, and other services significantly boost the growth of the global portable automotive Wi-Fi router market.

The portable automotive Wi-Fi router market has been segmented on the basis of vehicle type, sales channel, vehicle class, application and region. By vehicle type, the market has been segmented into passenger car, light commercial vehicle and heavy commercial vehicles. By sales channel, the market has been segmented into OEM and aftermarket. By vehicle class, the market has been segmented into mid-priced and luxury. By application, the market has been segmented into driver assistance, safety, entertainment, well-being, vehicle management and mobility management. By region, the market has been studied across North America, Europe, Asia-Pacific and LAMEA.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/portable-automotive-wi-fi-router-market/purchase-options

Factors such as rise in trend of connectivity solutions, growing adoption of cloud technology and increase in use of cloud-based technology for automotive telematics solution create a positive impact on the growth of the market across the globe. However, factors such as lack of uninterrupted & seamless internet connectivity and high cost of advanced technologies, restrain the growth of the market during the forecast period. Moreover, the factors such as lack of cellular internet connectivity and rise in adoption of connected cars, create numerous opportunities for the growth of the market during the forecast period.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :

By vehicle type, the heavy commercial vehicle segment is expected to register a significant growth during the forecast period.

Depending on sales channel, the OEM segment is anticipated to exhibit significant growth in the future.

On the basis of vehicle class, the luxury segment is anticipated to exhibit significant growth in the future.

On the basis of application, the vehicle management segment is anticipated to exhibit significant growth in the future.

Asia-Pacific is anticipated to register the highest CAGR.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

COVID-19 presented the world with an unprecedented economic, humanitarian, and healthcare challenge.

Rapid spread of the disease has led to a significant impact on the global automotive industry, with a downturn in demand for new and old vehicles.

Industry experts believe that post the pandemic, last-mile conveyance will shift toward personal mobility and the electric vehicle equipped with advanced safety & security system will register a suitable growth rate.

Amid a new reality of working from home, canceling trips, and even forgoing outings to restaurants and grocery stores, the mobility industry encompassing a range of lightweight vehicles, such as bicycles, e-scooters, and mopeds, is facing devastating declines in ridership and revenue.

Moreover, during the end of 2020, the situation came in control in some countries due to which the demand & supply gap was fulfilled, resulting in registration of new vehicles due to the need to avoid public transport to commute from one place to another.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A13673

The key players profiled in the report includes Alpina Snowmobiles S.r.l., Arctic Cat Inc., BRP, Crazy Mountain, John Deere GMBH & Co.KG., MST, Polaris Inc., Taiga Motors, Yamaha Motor Corporation, Ski-doo and Lynx.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Automotive Adaptive Front Lighting Market
https://www.alliedmarketresearch.com/automotive-adaptive-front-lighting-market-A10326

Lane Keep Assist System Market
https://www.alliedmarketresearch.com/lane-keep-assist-system-market-A11963

Pharmaceutical Logistics Market
https://www.alliedmarketresearch.com/pharmaceutical-logistics-market-A14502

Courier, Express, and Parcel (CEP) Market
https://www.alliedmarketresearch.com/courier-express-and-parcel-market-A11516

Asia-Pacific Automotive Performance Tuning and Engine Remapping Services Market
https://www.alliedmarketresearch.com/asia-pacific-automotive-performance-tuning-and-engine-remapping-services-market-A53426

𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 800-792-5285
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