Market Size

• The United States car connectivity market that produces products in driving safety is estimated to reach $37.35 billion USD by 2023.
• This market includes the use of "vehicle-to-vehicle (V2V) connectivity technology, and incorporation of internet of things (IoT) based technologies in the automotive industry."
• Segments in the market include the following:
•  Fleet manager 
•  Wireless and cellular modules 
•  Original equipment manufacturer (OEM) services
•  Sensors 
•  Processors 
•  Aftermarket services 
• Navigation and 4G/LTE services both held 40% of the market respectively in 2017.

Truck Safety Statistics

• According to a report published in 2017, the AAA Foundation for Traffic Safety estimates that truck safety technology can help prevent 63,000 crashes per year.
• "Lane departure warning systems can prevent up to 6,372 crashes, 1,342 injuries and 115 deaths each year."
• "Video-based onboard safety monitoring systems can prevent as many as 63,000 crashes, 17,733 injuries and 293 deaths each year."
• "Automatic emergency braking can prevent up to 5,294 crashes, 2,753 injuries and 55 deaths each year."
• "Air disc brakes can prevent up to 2,411 crashes, 1,447 injuries and 37 deaths each year."
• According to the report, 61% of United States adults feel less safe driving past big trucks than cars.

Key Players In US Car Connectivity Market

•  Delphi Technologies PLC 
•  Robert Bosch GmbH 
•  Denso Corporation 
•  Autoliv Inc. 
•  Continental AG 
•  ZF Friedrichshafen AG