HOME Top Market Reports Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025

Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: AT 5974

 

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The global connected car market is valued at USD 52.62 Billion in 2016 and is projected to reach USD 219.21 Billion by 2025, at a compound annual growth rate (CAGR) of 14.8% during the forecast period. In this study, 2016 has been considered as the base year, and 2017–2025 the forecast period, for estimating the size of the connected car market.
The report analyzes and forecasts the market size value (USD million) of the connected car market. The report segments the connected car market and forecasts its size by service, network, transponder, form, hardware, end market, and region. The report also provides a detailed analysis of various forces acting on the market, including drivers, restraints, opportunities, and challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

The research methodology used in the report involves various secondary sources, such as National Highway Traffic Safety Administration (NHTSA), GENIVI Alliance, Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and connected car devices vendors and service providers have been interviewed to understand the future trends of the connected car market. The market size of the individual segments was determined through various secondary sources: industry associations; white papers; and journals. The vendor offerings were also taken into consideration to determine the market segmentation. The top-down and bottom-up approaches have been used to estimate and validate the size of the global connected car market. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Connected Car Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the connected car market consists of manufacturers, such as Continental (Germany), Delphi (UK), Bosch (Germany), Denso (Japan), and Harman (US), and research institutes such as JAMA, EAMA, CAA, and KAMA.

Target Audience

  • Automobile manufacturers
  • Automobile organizations/associations
  • Cloud service providers
  • Compliance regulatory authorities
  • Connected car hardware manufacturers
  • Government agencies
  • Information Technology (IT) companies and system integrators
  • Investors and Venture Capitalists (VCs)

Scope of the Report

  • Connected car market, by Service
    • Connected services
    • Safety and security
    • Autonomous driving
  • Connected car market, by Network
    • Dedicated Short-Range Communications (DSRC)
    • Cellular
  • Connected car market, by Transponder
    • On-Board Unit (OBU)
    • Roadside Unit (RSU)
  • Connected car market, by Form
    • Embedded
    • Tethered
    • Integrated
  • Connected car market, by Hardware
    • Smart antenna
    • Display
    • Electronic Control Unit (ECU)
    • Sensors
  • Connected car market, by End Market
    • Original Equipment Manufacturer (OEM)
    • Aftermarket
  • Connected car market, by region
    • North America
    • Europe
    • Asia Pacific
    • Rest of The World (RoW)

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  1. Detailed analysis and profiling of additional market players (up to 3)
  2. Detailed analysis of connected car services market at country level
  3. Detailed analysis of connected car network and transponder market at country level

Increase in demand for connected services is going to create the data monetizing ecosystem and make connected car revenue to USD 219 billion by 2025

The connected services are majorly influenced by end-user’s demands. The services such as navigation, multimedia streaming, social media & apps, and remote diagnostics are expected to increase the convenience of the driver. The safety & security services are the key concern for government regulatory. Hence it is creating a new ecosystem for automotive and non-automotive players to leverage the revenue.

Major OEMs have started implementing autonomous services to improve the comfort in the vehicle. The connected car market is driven by the demand for connected services. In countries, such as the US, Germany, Japan, and China, connected services are getting standardized from OEMs’ end, and hence the market for connected services is increasing at a significant growth rate.

Market Dynamics

Drivers

  • Rise in the Demand for Safer, More Efficient, and Convenient Driving
  • Government Mandates for Connected Car Applications

Restraints

  • Lack of Supporting Infrastructure for Connected Cars in Developing Countries
  • Unavailability of Standard Platforms

Opportunities

  • Evolution of the New Value Chain Ecosystem of the Automotive Industry
  • The Road to Autonomous Vehicles

Challenges

  • Increase in the Threat of Cyber Security for Smart Vehicles
  • Cost Optimization of the Connected Car Technology in the Vehicle

Connected Car Market

Critical Questions:

  • How revenue would be leveraged from data of connected car in its value chain?
  • How connected car services pricing model will be established among automotive and non-automotive players?
  • The government of respective countries are mandating the key connected features into the vehicle, and hence making industry more competitive. Then, what will be the distinctive services that needs to be developed by connected car service providers?

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered in the Report
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Demand-Side Analysis
                    2.4.1.1 Increase in the Demand for Connected Solutions By Consumers
                    2.4.1.2 Creating Value From Data Driven Services
           2.4.2 Supply-Side Analysis
                    2.4.2.1 Increase in the Electrification of Vehicles
    2.5 Market Size Estimation
           2.5.1 Bottom-Up Approach
           2.5.2 Top-Down Approach
    2.6 Market Breakdown & Data Triangulation
    2.7 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 36)
    4.1 Connected Car Market, 2017 vs 2025 (USD Billion)
    4.2 Market, By Region
    4.3 Market, By End Market
    4.4 Market, By Form Type
    4.5 Market, By Transponder
    4.6 Market, By Services
    4.7 Market, By Network
    4.8 Market, By Hardware

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rise in the Demand for Safer, More Efficient, and Convenient Driving
                    5.2.1.2 Government Mandates for Connected Car Applications
           5.2.2 Restraints
                    5.2.2.1 Lack of Supporting Infrastructure for Connected Cars in Developing Countries
                    5.2.2.2 Unavailability of Standard Platforms
           5.2.3 Opportunities
                    5.2.3.1 Evolution of the New Value Chain Ecosystem of the Automotive Industry
                    5.2.3.2 The Road to Autonomous Vehicles
           5.2.4 Challenges
                    5.2.4.1 Increase in the Threat of Cyber Security for Smart Vehicles
                    5.2.4.2 Cost Optimization of the Connected Car Technology in the Vehicle
           5.2.5 Macro Indicator Analysis
                    5.2.5.1 Introduction
                    5.2.5.2 US
                    5.2.5.3 Germany
                    5.2.5.4 China

6 Connected Car Market, By Service (Page No. - 51)
    6.1 Introduction
    6.2 Connected Services
    6.3 Safety & Security
    6.4 Autonomous Driving

7 Connected Car Market for Automotive, By End Market (Page No. - 63)
    7.1 Introduction
    7.2 Original Equipment Manufacturer (OEM)
    7.3 Aftermarket

8 Connected Car Market for Automotive, By Form (Page No. - 75)
    8.1 Introduction
    8.2 Embedded
    8.3 Tethered
    8.4 Integrated

9 Connected Car Market for Automotive, By Hardware (Page No. - 92)
    9.1 Introduction
    9.2 Smart Antenna
    9.3 Display
    9.4 Electonic Control Unit (ECU)
    9.5 Sensors

10 Connected Car Market, By Transponder (Page No. - 99)
     10.1 Introduction
     10.2 Onboard Unit
     10.3 Roadside Unit

11 Connected Car Market for Automotive, By Network (Page No. - 104)
     11.1 Introduction
     11.2 Dedicated Short Range Communication (DSRC)
     11.3 Cellular

12 Connected Car Market, By Region (Page No. - 109)
     12.1 Introduction
     12.2 Asia Pacific
             12.2.1 China
             12.2.2 Japan
             12.2.3 India
             12.2.4 South Korea
     12.3 Europe
             12.3.1 France
             12.3.2 Germany
             12.3.3 Italy
             12.3.4 Spain
             12.3.5 UK
     12.4 North America
             12.4.1 Canada
             12.4.2 Mexico
             12.4.3 US
     12.5 Rest of the World
             12.5.1 Brazil
             12.5.2 Russia

13 Competitive Landscape (Page No. - 127)
     13.1 Overview
     13.2 Market Ranking Analysis
     13.3 Competitive Scenario
             13.3.1 New Product Developments
             13.3.2 Expansions
             13.3.3 Partnerships
             13.3.4 Acquisitions

14 Company Profiles (Page No. - 132)
(Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Continental
     14.2 Delphi
     14.3 Denso
     14.4 Bosch
     14.5 Harman
     14.6 NXP
     14.7 Infineon
     14.8 ZF
     14.9 Autoliv
     14.10 Valeo
     14.11 Aisin Seiki
     14.12 Hella

*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 166)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Available Customizations
             15.3.1 Additional Company Profiles
                        15.3.1.1 Business Overview
                        15.3.1.2 SWOT Analysis
                        15.3.1.3 Recent Developments
                        15.3.1.4 MnM View
             15.3.2 Detaled Analysis of Automotive Fuel Injection Pump Type
             15.3.3 Detailed Analysis of Connected Car Services Market at Country Level
             15.3.4 Detailed Analysis of Connected Car Network and Transponder Market at Country Level
     15.4 Introducing RT: Real Time Market Intelligence
     15.5 Related Reports
     15.6 Author Details


List of Tables (118 Tables)

Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Value Chain Stakeholders: Data Usage Patterns
Table 3 Connected Car Market, By Service, 2015–2025 (USD Million)
Table 4 Service: Market, By Region, 2015–2025 (USD Million)
Table 5 Connected Services: Market, By Region, 2015–2025 (USD Million)
Table 6 Asia Pacific: Market for Connected Services, By Country, 2015–2025 (USD Million)
Table 7 Europe: Market for Connected Services, By Country, 2015–2025 (USD Million)
Table 8 North America: Market for Connected Services, By Country, 2015–2025 (USD Million)
Table 9 RoW: Market for Connected Services, By Country, 2015–2025 (USD Million)
Table 10 Safety & Security: Market, By Region, 2015–2025 (USD Million)
Table 11 Asia Pacific: Market for Safety & Security, By Country, 2015–2025 (USD Million)
Table 12 Europe: Market for Safety & Security, By Country, 2015–2025 (USD Million)
Table 13 North America: Market for Safety & Security, By Country, 2015–2025 (USD Million)
Table 14 RoW: Market for Safety & Security, By Country, 2015–2025 (USD Million)
Table 15 Autonomous Driving: Market, By Region, 2015–2025 (USD Million)
Table 16 Asia Pacific: Market for Autonomous Driving, By Country, 2015–2025 (USD Million)
Table 17 Europe: Market for Autonomous Driving, By Country, 2015–2025 (USD Million)
Table 18 North America: Market for Autonomous Driving, By Country, 2015–2025 (USD Million)
Table 19 RoW: Market for Autonomous Driving, By Country, 2015–2025 (USD Million)
Table 20 Market, By End Market, 2015–2025 (‘000 Units)
Table 21 Market, By End Market, 2015–2025 (USD Million)
Table 22 OEM: Market, By Region, 2015–2025 (‘000 Units)
Table 23 OEM: Market, By Region, 2015–2025 (USD Million)
Table 24 Asia Pacific: Market for OEM, By Country, 2015–2025 (‘000 Units)
Table 25 Asia Pacific: Market for OEM, By Country, 2015–2025 (USD Million)
Table 26 North America: Market for OEM, By Country, 2015–2025 (‘000 Units)
Table 27 North America: Market for OEM, By Country, 2015–2025 (USD Million)
Table 28 Europe: Market for OEM, By Country, 2015–2025 (‘000 Units)
Table 29 Europe: Market for OEM, By Country, 2015–2025 (USD Million)
Table 30 Rest of the World (RoW): Market for OEM, By Country, 2015–2025 (‘000 Units)
Table 31 Rest of the World (RoW): Market for OEM, By Country, 2015–2025 (USD Million)
Table 32 Aftermarket: Market, By Region, 2015–2025 (‘000 Units)
Table 33 Aftermarket: Connected Car Market, By Region, 2015–2025 (USD Million)
Table 34 Asia Pacific: Connected Car Aftermarket, By Country, 2015–2025 (‘000 Units)
Table 35 Asia Pacific: Connected Car Aftermarket, By Country, 2015–2025 (USD Million)
Table 36 North America: Connected Car Aftermarket, By Country, 2015–2025 (‘000 Units)
Table 37 North America: Connected Car Aftermarket, By Country, 2015–2025 (USD Million)
Table 38 Europe: Connected Car Aftermarket, By Country, 2015–2025 (‘000 Units)
Table 39 Europe: Connected Car Aftermarket, By Country, 2015–2025 (USD Million)
Table 40 Rest of the World (RoW): Connected Car Aftermarket, By Country, 2015–2025 (‘000 Units)
Table 41 Rest of the World (RoW): Connected Car Aftermarket, By Country, 2015–2025 (USD Million)
Table 42 Connected Car Market, By Form, 2015–2025 (‘000 Units)
Table 43 Market, By Form, 2015–2025 (USD Million)
Table 44 Embedded: Market, By Region, 2015–2025 (‘000 Units)
Table 45 Embedded: Market, By Region, 2015–2025 (USD Million)
Table 46 Embedded: Asia Pacific Market, By Country, 2015–2025 (‘000 Units)
Table 47 Embedded: Asia Pacific Market, By Country, 2015–2025 (USD Million)
Table 48 Embedded: Europe Market, By Country, 2015–2025 (‘000 Units)
Table 49 Embedded: Europe Market, By Country, 2015–2025 (USD Million)
Table 50 Embedded: North America Market, By Country, 2015–2025 (‘000 Units)
Table 51 Embedded: North America Market, By Country, 2015–2025 (USD Million)
Table 52 Embedded: RoW Market, By Country, 2015–2025 (‘000 Units)
Table 53 Embedded: RoW Market, By Country, 2015–2025 (USD Million)
Table 54 Tethered: Market, By Region, 2015–2025 (‘000 Units)
Table 55 Tethered: Market, By Region, 2015–2025 (USD Million)
Table 56 Tethered: Asia Pacific Connected Car Market, By Country, 2015–2025 (‘000 Units)
Table 57 Tethered: Asia Pacific Market, By Country, 2015–2025 (USD Million)
Table 58 Tethered: Europe Market, By Country, 2015–2025 (‘000 Units)
Table 59 Tethered: Europe Market, By Country, 2015–2025 (USD Million)
Table 60 Tethered: North America Market, By Country, 2015–2025 (‘000 Units)
Table 61 Tethered: North America Market, By Country, 2015–2025 (USD Million)
Table 62 Tethered: RoW Market, By Country, 2015–2025 (‘000 Units)
Table 63 Tethered: RoW Market, By Country, 2015–2025 (USD Million)
Table 64 Integrated: Market, By Region, 2015–2025 (‘000 Units)
Table 65 Integrated: Connected Car Market, By Region, 2015–2025 (USD Million)
Table 66 Integrated: Asia Pacific Market, By Country, 2015–2025 (‘000 Units)
Table 67 Integrated: Asia Pacific Market, By Country, 2015–2025 (USD Million)
Table 68 Integrated: Europe Market, By Country, 2015–2025 (‘000 Units)
Table 69 Integrated: Europe Market, By Country, 2015–2025 (USD Million)
Table 70 Integrated: North America Market, By Country, 2015–2025 (‘000 Units)
Table 71 Integrated: North America Market, By Country, 2015–2025 (USD Million)
Table 72 Integrated: RoW Market, By Country, 2015–2025 (‘000 Units)
Table 73 Integrated: RoW Market, By Country, 2015–2025 (USD Million)
Table 74 Connected Car Market, By Hardware, 2015–2025 (USD Million)
Table 75 Smart Antenna: Market, By Region, 2015–2025 (USD Million)
Table 76 Display: Market, By Region, 2015–2025 (USD Million)
Table 77 ECU: Market, By Region, 2015–2025 (USD Million)
Table 78 Sensors: Market, By Region, 2015–2025 (USD Million)
Table 79 Market, By Transponder, 2015–2025 (‘000 Units)
Table 80 Market, By Transponder, 2015–2025 (USD Million)
Table 81 Onboard Unit: Market, By Region, 2015–2025 (‘000 Units)
Table 82 Onboard Unit: Market, By Region, 2015–2025 (USD Million)
Table 83 Roadside Unit: Market, By Region, 2015–2025 (‘000 Units)
Table 84 Roadside Unit: Market, By Region, 2015–2025 (USD Million)
Table 85 Connected Car Market, By Network, 2015–2025 (‘000 Units)
Table 86 Market, By Network, 2015–2025 (USD Million)
Table 87 DSRC: Market, By Region, 2015–2025 (‘000 Units)
Table 88 DSRC: Market, By Region, 2015–2025 (USD Million)
Table 89 Cellular: Market, By Region, 2015–2025 (‘000 Units)
Table 90 Cellular: Market, By Region, 2015–2025 (USD Million)
Table 91 Connected Car Parc, By Region, 2015–2025 (Million Units)
Table 92 Connected Car Market, By Region, 2015–2025 (USD Million)
Table 93 Asia Pacific: Connected Car Parc, By Country, 2015–2025 (Million Units)
Table 94 Asia Pacific: Market, By Country, 2015–2025 (USD Million)
Table 95 China: Market, By Services, 2015–2025 (USD Million)
Table 96 Japan: Market, By Services, 2015–2025 (USD Million)
Table 97 India: Market, By Services, 2015–2025 (USD Million)
Table 98 South Korea: Connected Car Market, By Services, 2015–2025 (USD Million)
Table 99 Europe: Connected Car Vehicle Parc, By Country, 2015–2025 (Million Units)
Table 100 Europe: Market, By Country, 2015–2025 (USD Million)
Table 101 France: Market, By Services, 2015–2025 (USD Million)
Table 102 Germany: Market, By Services, 2015–2025 (USD Million)
Table 103 Italy: Connected Car Market, By Services, 2015–2025 (USD Million)
Table 104 Spain: Market, By Services, 2015–2025 (USD Million)
Table 105 UK: Market, By Services, 2015–2025 (USD Million)
Table 106 North America: Connected Car Vehicle Parc, By Country, 2015–2025 (Million Units)
Table 107 North America: Market, By Country, 2015–2025 (USD Million)
Table 108 Canada: Market, By Services, 2015–2025 (USD Million)
Table 109 Mexico: Market, By Services, 2015–2025 (USD Million)
Table 110 US: Connected Car Market, By Services, 2015–2025 (USD Million)
Table 111 RoW: Connected Car Vehicle Parc, By Country, 2015–2025 (Million Units)
Table 112 RoW: Market, By Country, 2015–2025 (USD Million)
Table 113 Brazil: Market, By Services, 2015–2025 (USD Million)
Table 114 Russia: Market, By Services, 2015–2025 (USD Million)
Table 115 New Product Developments, 2017
Table 116 Recent Expansions, 2017
Table 117 Recent Partnerships, 2017
Table 118 Recent Acquisitions, 2017


List of Figures (61 Figures)

Figure 1 Connected Car Market: Research Design
Figure 2 Research Design Model
Figure 3 Breakdown of Primary Interviews
Figure 4 Investments in R&D By Automobile Manufacturers, 2006–2016 (USD Billion)
Figure 5 Increasing Demand for Vehicle Electrification, 2017 vs 2025 (USD Million)
Figure 6 Connected Car Market: Bottom-Up Approach
Figure 7 Market: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Asia Pacific Estimated to Be the Largest Market for Connected Car, During the Forecast Period
Figure 10 Embedded Systems to Be the Largest Segment During the Forecast Period
Figure 11 Connected Services to Dominate the Connected Car Market, During the Forecast Period
Figure 12 Attractive Opportunities in Market
Figure 13 Asia Pacific is Estimated to Lead the Market, During the Forecast Period
Figure 14 OEM Market is Estimated to Lead the Market, During the Forecast Period
Figure 15 Embedded Form is Estimated to Lead the Market, During the Forecast Period.
Figure 16 On-Board Unit is Estimated to Lead the Market, During the Forecast Period.
Figure 17 Connected Services is Estimated to Lead the Market, During the Forecast Period.
Figure 18 Cellular is Estimated to Lead the Market, During the Forecast Period
Figure 19 ECU is Estimated to Lead the Connected Car Market, During the Forecast Period.
Figure 20 Evolution of Connected Cars
Figure 21 Connected Car: Market Dynamics
Figure 22 Total Fatalities Due to Vehicle Crash in the Us, 1976–2016 (In Thousands)
Figure 23 Total Travel Delay & Cost in the Us, 1982–2014
Figure 24 Evolving Value Chain From Rigid to Dynamic Ecosystem
Figure 25 Types of Cyberattacks Occured (2015 vs 2016)
Figure 26 Increasing GNI Per Capita Expected to Drive the Connected Car Market
Figure 27 Rising GDP With the Domestic Demand Growth is A Major Factor of the Market
Figure 28 Rise in Sales of Premium Vehicles as A Percentage of Toatl Sales is Driving the Market
Figure 29 Connected Car Market, By Service, 2017 vs 2025 (USD Million)
Figure 30 Connected Services: Market, By Region, 2017 vs 2025 (USD Million)
Figure 31 Safety & Security: Market, By Region, 2017 vs 2025 (USD Million)
Figure 32 Autonomous Driving: Market, By Region, 2017 vs 2025 (USD Million)
Figure 33 Connected Car Market, By End Market, 2017 vs 2025 (USD Million)
Figure 34 Market for OEM, By Region, 2017 vs 2025 (USD Million)
Figure 35 Aftermarket: Market, By Region, 2017 vs 2025 (USD Million)
Figure 36 Connected Car Market, By Form, 2017 vs 2025 (USD Million)
Figure 37 Embedded: Market, By Region, 2017 vs 2025 (USD Million)
Figure 38 Tethered: Market, By Region, 2017 vs 2025 (USD Million)
Figure 39 Integrated: Market, By Region, 2017 vs 2025 (USD Million)
Figure 40 Connected Car Market, By Hardware, 2017 vs 2025 (USD Million)
Figure 41 Smart Antenna: Market, By Region, 2017 vs 2025 (USD Million)
Figure 42 Display: Market, By Region, 2017 vs 2025 (USD Million)
Figure 43 ECU: Market, By Region, 2017 vs 2025 (USD Million)
Figure 44 Sensors: Market, By Region, 2017 vs 2025 (USD Million)
Figure 45 Connected Car Market: China is Estimated to Grow at the Highest CAGR (2017–2025)
Figure 46 Europe: Market Snapshot
Figure 47 North America: Market Snapshot
Figure 48 Key Developments By Leading Players in the Market, 2015-2017
Figure 49 Connected Car Market Ranking: 2016
Figure 50 Continental: Company Snapshot
Figure 51 Delphi: Company Snapshot
Figure 52 Denso: Company Snapshot
Figure 53 Bosch: Company Snapshot
Figure 54 Harman: Company Snapshot
Figure 55 NXP: Company Snapshot
Figure 56 Infineon: Company Snapshot
Figure 57 ZF: Company Snapshot
Figure 58 Autoliv: Company Snapshot
Figure 59 Valeo: Company Snapshot (2016)
Figure 60 Aisin Seiki: Company Snapshot
Figure 61 Hella: Company Snapshot

The automotive industry is witnessing a high degree of innovations and disruptive technologies. Various technologies such as head-up displays, smart infotainment, telematics systems, and autonomous driving are becoming an integral part of high-end automobiles. With improved connectivity, a vehicle can interact with other entities, such as infrastructure as well as other vehicles, to share useful information, including driving habits, traffic congestion, shortest route, roadblocks, and fuel economy. Most of these technologies use real-time data and require regular updates, and are thus able to communicate operational and diagnostic data from onboard systems and connected devices.

The global connected car market, by value, is estimated to be USD 72.89 Billion in 2017 and is projected to reach USD 219.21 Billion by 2025, at a compound annual growth rate (CAGR) of 14.8% from 2017 to 2025. Some of the major drivers identified are increase in industry compliance norms and government mandates supporting connected technology in passenger cars. However, factors such as network coverage limitation, lag in lack of standardization, and concerns related to data privacy and cybersecurity may hinder the growth of the connected car market in the future.

The global connected car market is segmented by network, service, transponder, form, end market, hardware, and region. The report discusses various types of features, such as navigation, remote diagnostics, multimedia streaming, on-road assistance, eCall, and auto parking. The connected services segment is expected to account for the largest market share in the global connected car market, which would grow at a significant CAGR during the forecast period. The growth of connected car services is expected to be driven by an increase in demand for convenient features and increase in government mandates. Furthermore, to understand the type of end market, the report discusses the market for connected car under 2 distinctive end market types, namely, Original Equipment Manufacturer (OEM) and aftermarket. To understand the market in different forms, the connected car market is segmented into embedded, tethered, and integrated; by hardware into smart antenna, display, Electronic Control Unit (ECU), and sensors; by transponder into roadside unit and on-board unit; and by network into Dedicated Short-Range Communication (DSRC) and cellular. The extensive study has been done on 4 key regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW).

Asia Pacific is expected to account for the largest market share, followed by Europe, North America, and RoW. Asia Pacific is anticipated to remain predominant during the forecast period due to various factors, such as increasing connected car devices in passenger cars, and increase in digital services such as cybersecurity and updates. In terms of growth rate, North America is projected to exhibit the second highest CAGR during the forecast period. The growth in North America is anticipated to be driven by increasing government mandates and growing communication and information technology infrastructure, such as 4G LTE or 5G.

Connected Car Market

Some of the major restraints identified in the global connected car market are lack of supporting infrastructure in developing countries and unavailability of standard platforms. As of 2017, there is a significant increase in cybersecurity threats for smart vehicles. This factor may pose a challenge for the growth of the connected car market to some extent.

Some of the major players in the global connected car market are Bosch (Germany), Continental (Germany), Harman (US), Denso (Japan), ZF (Germany), NXP (Netherlands), Infineon (Germany), Valeo (France), and Delphi (UK). The last chapter of this report covers a comprehensive study of the key vendors operating in the connected car market. The evaluation of market players is done by taking various factors into account, such as new product development, R&D expenditure, business strategies, product revenue, and organic and inorganic growth.

The rising trend of connectivity and digitalization making the automotive industry to move towards software-and-services approach

Connected Services

Drivers and passengers are increasingly expecting the access to connected services in their vehicles. These connected services are shaping the sales of new vehicles with a significant revenue stream. Currently, end-users want convenient driving experience in their road journey. These new connected technologies are making competitive challenges for OEMs as other non-automotive players of various industries are entering the automotive space. The features which have been considered under the connected services are named as navigation, remote diagnostics, multimedia streaming, social media & other mobile apps, and OTA updates.

Safety & Security

The connected car features various functions for the safety of the driver and passenger, such as eCall & SOS assistance, on-road assistance, and collision warning. For data privacy, the features such as cybersecurity and remote operation, have been offered. The safety & security services market is driven by the government initiatives to reduce the number of road accidents and increase the safety of drivers and passengers. For an instance, the European transportation authority has mandated the eCall; every new car should have eCall capability for emergency situations.

Autonomous Driving

In the recent years, a few companies have tested automated driving using onboard sensors and high-resolution digital maps (V2N). However, the industry experts believe that 5G-based V2V and V2I would allow better adaptation of moving vehicles in accordance with the nearby traffic and offer higher customer satisfaction. Advanced control systems in these cars interpret the sensory information to identify appropriate navigation paths, obstacles, and relevant signage.

Critical Questions would be:

  • Connected car is the stepping stone to autonomous technology. How much time this technology will influence the market of autonomous vehicles?
  • How OEMs will able to overcome the challenge due to emergence of aftermarket in connected car?
  • Will government, automotive and non-automotive players implement any strategy mutually to make the robust infrastructure for connected car in developing countries?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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