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 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. Automotive manufacturers are thus embracing advanced connectivity solutions, adopting cellular and Wi-Fi technology to deliver resourceful services and enhance customer experience. 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.Ī portable Wi-Fi router for hotspot access can be used to ensure connection between automotive devices. From businessmen to frequent travelers, all require connectivity on the go. Connectivity is more than just a need, it’s now an integral part of life. Enhancing the driver and passenger experience without compromising on safety should be the prime factor to be considered by the manufacturers and service providers. Get Sample Report with Industry Insights automotive industry has shifted its focus toward well-connected systems and vehicles. Mexico is expected to grow at a significant rate during the forecast period, owing to increase in demand for smart vehicles. dominated the global portable automotive Wi-Fi router market share in 2020. North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific and LAMEA.
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.
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