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What is the market potential for internet-based connected cars in 2021?

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Any innovation in product or any concept or idea has to go through the market scrutiny of how much worth does it hold and how much return on investment can be made. If the numbers result in billions then definitely it’s a win-win situation for all the hardships and the lengthy amount of time being spent on such projects. Internet-based connected cars are the future.

The current market is based on internet-based connected cars and as the field of the internet is booming, no doubt, it’s going to affect our daily lifestyle and the use of such vehicles may become prominent in such field leading to evolutionary growth.

Internet-based connected cars market function
Source:- Strategy&; PwC

According to LMC Automotive; Oliver Wyman, the forecasted global production of autonomous vehicles in 2035 is 38 million.

In my opinion, the engagement of autonomous vehicles in the world is going to be on a high scale and by 2035, it is going to be a common vehicle to be observed on the road. The engagement will also provide huge involvement among the consumers and also provide an opportunity to experience such a vehicle live on road.

Source:- Statista

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