Price : $5,000.00 United States of America BIS Research
04-01-19 0 Hits

The automotive industry has been undergoing dynamic changes since 2010, due to various factors such as declining fuel prices, low industry growth rate, emergence of electric and hybrid electric vehicles, improvement in automotive credit availability, aging vehicle fleet, and the emergence of disruptive trends such as car sharing, telematics, autonomous vehicles, and ride hailing services, globally. The stakeholders in the automotive ecosystem are gearing up for the highly competitive nature of the market by gradually developing technologically enhanced products and solutions to gain market share in the established automotive market. 

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The global eSIM market for automotive industry has been largely benefiting from the changing paradigms in government regulations and end-user perspectives towards enhanced safety in automobiles. Though the turbulence caused by the global economic slowdown of 2008 shook the automotive market, the market has been able to witness the pre-crisis annual growth rate by 2014. With several driving trends such as miniaturization, growing urban population, increasing environment concerns, and rising disposable income of middle-class population, the automotive market is readily gaining consumer confidence for adopting new technologies and innovations. 

The growing demand for increased safety in automobiles, smart agricultural practices to increase production and reduce waste, smart meters and smart city to increase energy efficiency have created the need for reliable connectivity solutions.

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