Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, & Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, and Region - Global Forecast to 2027
The Global Connected Car Market size is projected to reach USD 212.7 billion by 2027, from an estimated value of USD 42.6 billion in 2019, at a CAGR of 22.3%. An increase in efforts by governments for developing intelligent transportation system, increasing demand for smartphone features in the car, and automated driving technologies along with passenger safety features will boost the connected cars market.
Helped a leading global supplier of automotive electrical systems to identify approximately ~USD 490 million revenue potential from eCall and SOS Assistance across geographies
Clients Problem Statement
Our client, a leading supplier of automotive electrical systems, was keen to build a substantive business of connected car services across the globe. The senior management needed to take a host of crucial decisionswhich connected car services to focus on, which countries to prioritize, which car segment to focus on, and what offerings will help the company win.
MnM Approach
MnM started by identifying key disruptive technology trends and connected car architectures that would change the revenue mix of our client in premium and mass-market passenger car segments across North America, Europe, China, Japan, and India. MnM also interviewed a host of potential automakers in the connected car ecosystem to understand technological changes in product features, functionalities, and architecture over the next five years, as well as customer expectations, technology roadmaps, and what qualities are important in a technology partner.
This helped the client to assess the market potential, regulatory mandates, and different use cases. Further, MnM also helped the client to build an understanding of the competitive landscape, architectural changes, and strategies of different players in the connected car ecosystem. This helped it to devise a differentiated product offering and forge suitable alliances to help it win in this market.
Revenue Impact (RI)
We presented the client with an opportunity of approximately ~USD 490 million from eCall and SOS Assistance, with a projected growth rate of ~12% in next five years.
Asia Pacific and Europe are the major regions where demand for connected car solutions and services is the highest due to various government regulations on vehicle safety. Furthermore, continuous R&D and collaborations of network and service providers with automotive companies in these regions are expected to stimulate the connected car market growth. It is expected that in North America, especially the US, the demand for connected car aftermarket services will increase at the highest rate due to increase in customer demand for advanced connected car services and availability of smart infrastructure.
Autopilot segment is estimated to be the fastest-growing market during the forecast period
The autopilot segment is expected to hold the majority of the connected car market share by 2027, owing to safety and convenience features in vehicles. For example, Tesla Model S can automatically steer down highways, change lanes, and adjust speeds according to traffic conditions. All these features use a combination of cameras, radars, ultrasonic sensors, and connected car features.
OEMs have designed and developed autopilot features that meet the requirements of autonomous safety. In Asia Pacific, the introduction of this technology is expected by 2022. China, Japan, and South Korea are the major countries taking initiatives for autopilot features in Asia Pacific. OEMs like Honda, Hyundai, Toyota, and Nissan are working on this to bring it to their domestic market.
Embedded form of connectivity is expected to grow at the fastest CAGR
Embedded form connectivity is expected to exhibit the fastest growth within the global connected car market. The growth of embedded connected solutions is attributed to various disruptive factors such as government mandates, cost optimization of service plans, and growth of cloud-based services. There are many connected car services that cannot be used without an embedded connectivity solution in the car, such as eCall and remote diagnostics, among others, which is increasing the adoption of embedded connected cars.
Government regulations are the key reason for the growth of embedded connected car industry. Europe has already mandated eCall since March 2018. Brazil and Russia will start mandating the fitment of embedded telematics. In the longer run, it is expected that China will also introduce similar mandates for telematics, which, coupled with rising car sales, would ensure that it becomes the leading market for embedded telematics globally.
The North American connected cars market is expected to register the fastest growth during the forecast period
The North American market is expected to witness the most rapid growth during the forecast period, especially in the US. The growth of the US market is driven primarily by increasing vehicle safety and security norms, demand for vehicle-to-vehicle (V2V) connectivity technology, and incorporation of IoT in the automotive industry.
The emergence of autonomous vehicle technology in the US connected car market is one of the key trends that is increasing the demand for advanced connected car features. The market has already witnessed high growth of ADAS solutions which made the connected car penetration above 80% in 2018. The increase in demand for aftermarket services through renewal of connected car service subscriptions will drive the US market in the coming future.
Key Market Players
The global connected car market is dominated by major players such as Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US). These companies have strong distribution networks at a global level and offer an extensive product range. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20172027 |
|
Base year considered |
2018 |
|
Forecast period |
20192027 |
|
Forecast units |
Volume (Thousand Units) & Value (USD Million) |
|
Segments covered |
By Service, Form, Hardware, End Market, Transponder, Network, and Region |
|
Geographies covered |
North America, Asia Pacific, Europe and Rest of the World |
|
Companies covered |
Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US) |
This research report categorizes the given market based on service, form, end market, hardware, transponder, network and region
Based on service:
- Navigation
- Remote Diagnostics
- Multimedia Streaming
- Social Media & Other Apps
- OTA Updates
- On-Road Assistance
- eCall & SOS Assistance
- Cyber Security
- Remote Operation
- Collision Warning
- Auto Parking/Connected Parking
- Autopilot
- Home Integration
- Vehicle Management
- Asset Tracking
Based on hardware type:
- Head Unit
- Central Gateway
- Intelligent Antenna
- Electronic Control Unit
- Telematic Control Unit
- Keyless Entry Systems
- Sensors
Based on form type:
- Embedded
- Tethered
- Integrated
Based on end market:
- OEM
- Aftermarket
Based on transponder:
- Onboard unit
- Roadside unit
Based on network:
- DSRC
- Cellular
Based on region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Rest of Asia Pacific
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Russia
- Rest of Europe
- Rest of the World
- Argentina
- Brazil
- Iran
- Rest of the RoW
Recent Developments
- In September 2019, Continental launched CoSmA Solution, a digital door opener for Honda e. This is a smartphone-based access solution that will enable Honda e owners to open their vehicles or share the key with others using just their smartphone. Using the My Honda+ App, customers can unlock the car remotely via Bluetooth Low Energy (BLE). The new Honda e would be available from 2020 onward in Europe.
- In July 2019, Bosch developed a new cloud-connected software service to manage and monitor the battery life of electric vehicles. The new connectivity would enable companies to remotely monitor and manage the battery status to reduce wear and tear on the batteries by up to 20%.
- In June 2019, HARMAN unveiled a new Dual-Mode V2X system aimed at enhancing automotive safety. The flexible telematics system features both software and hardware and taps into DSRC and cellular (5G) Vehicle-to-Everything (C-V2X) networks, removing the guesswork for numerous safety system setups.
- In January 2019, Visteon cooperated with Chinese internet technology leader Tencent to develop autonomous driving and intelligent cockpit solutions, initially for the Guangzhou Automobile Group (GAC) R&D Center in China.
- In June 2019, Airbiquity partnered with Wind River, a leader in delivering IoT software for critical infrastructure, to develop an end-to-end software lifecycle management solution for connected and autonomous vehicles, one that spans vehicle to cloud. The solution would enable secure and intelligent over-the-air (OTA) software updates and data management.
Critical Questions:
- Many companies are operating in the connected car market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
- Fast-paced developments in connected car services such as home integration, autopilot, and vehicle management offered by leading services and solution providers are expected to change the dynamics of connected cars market. How will this transform the overall market?
- Which leading companies are working on the connected car services and hardware, and what organic and inorganic strategies have they adopted?
- Analysis of your competition that includes major players in the connected car ecosystem. The major players include Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US), among others.
- Discussion on your clients imperatives based on our existing research on the connected car market and its ecosystems.
Frequently Asked Questions (FAQ):
What is the market size of the connected car market?
Who are the top players in the connected car market? What are their organic & inorganic strategies?
What are the key challenges faced by stakeholders in the connected car market?
What are the top services in the connected car market?
What role do government regulations play in the connected car industry?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 20)
1.1 Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.4 Limitations
1.5 Stakeholders
2 Research Methodology (Page No. - 24)
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources Referred for Vehicle Production
2.2.2 Key Secondary Sources Referred for Market Sizing
2.2.3 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach: Connected Car Market, By Services and Form Type
2.4.2 Top-Down Approach: Connected Car Market
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions
3 Executive Summary (Page No. - 36)
4 Premium Insights (Page No. - 39)
4.1 Attractive Opportunities in the Connected Car Market
4.2 Connected Car Market, By Region
4.3 Connected Car Market, By Form
4.4 Connected Car Market, By Service
4.5 Connected Car Market, By End Market
4.6 Connected Car Market, By Hardware
4.7 Connected Car Market, By Transponder
4.8 Connected Car Market, By Network
5 Market Overview (Page No. - 44)
5.1 Introduction
5.2 Years Considered for the Study
5.3 Package Size
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Increased Demand for Enhanced User Comfort, Safety, and Convenience
5.4.1.2 Reduction in Fuel Consumption
5.4.2 Restraints
5.4.2.1 Lack of Infrastructure for Proper Functioning of Connected Cars
5.4.3 Opportunities
5.4.3.1 Emergence of Various Technologies Such as 5g and Ai
5.4.3.2 Increasing Popularity of Automation in Automotive Sector
5.4.3.3 Developments of Ride Sharing and Mobility Services
5.4.4 Challenges
5.4.4.1 Cybersecurity
5.5 Revenue Missed: Opportunities for Connected Car Manufacturers
5.5.1 Revenue Shift Driving Market Growth
5.6 Connected Cars Market, Scenarios (20182027)
5.6.1 Global Market, Most Likely Scenario
5.6.2 Global Market, Optimistic Scenario
5.6.3 Global Market, Pessimistic Scenario
5.7 Product Matrix
6 Connected Car Market, By Service (Page No. - 57)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and Row
6.1 Introduction
6.1.1 Research Methodology
6.1.2 Assumptions
6.1.3 Industry Insights
6.2 Operational Data
6.2.1 Features of Various Major Connected Car Services Offered By OEMs
6.3 Navigation
6.3.1 Growing Demand for Route Tracking and Real-Time Traffic Monitoring Will Boost the Market
6.4 Remote Diagnostics
6.4.1 Need for Reducing Vehicle Downtime and Maintenance Costs Will Fuel the Market
6.5 Multimedia Streaming
6.5.1 Increase in Demand for Entertainment Features to Drive the Market
6.6 Social Media & Other Apps
6.6.1 Extensive Usage of Social Media and Other Apps to Drive the Market
6.7 Ota Updates
6.7.1 Easy Deployment of Software Updates Eliminate the Risk of Recall and Offer Cost Reduction
6.8 On-Road Assistance
6.8.1 Need for Assistance While Driving in Terms of Breakdown and Other Vehicle Health Issues Will Boost the Market
6.9 E-Call & Sos Assistance
6.9.1 Demand for Emergency Services and Safety Regulations Will Drive the Market
6.1 Cybersecurity
6.10.1 Demand for Data Privacy and Security of Information Will Drive Demand
6.11 Remote Operation
6.11.1 Wireless Operations Through Smartphones to Drive Demand
6.12 Collision Warning
6.12.1 Growing Adas Features to Drive the Market
6.13 Auto Parking/Connected Parking
6.13.1 Need for Improved Utilization of Available Parking Spaces Will Drive the Market
6.14 Autopilot
6.14.1 Connected Autonomous Cars to Drive the Market
6.15 Home Integration
6.15.1 Use of Iot in Homes Wil Drive the Market
6.16 Vehicle Management
6.16.1 Increase in Demand for Shared Mobility Will Drive the Market
6.17 Asset Tracking
6.17.1 High Demand for Security and Tracking Facilities By Fleet Operators to Drive the Market
7 Connected Car Market, By Form (Page No. - 72)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and Row
7.1 Introduction
7.1.1 Research Methodology
7.1.2 Assumptions
7.1.3 Industry Insights
7.2 Operational Data
7.2.1 Features of Various Connected Car in Terms of Connectivity Form
7.3 Embedded
7.3.1 Reduction in Prices for Service Plans and Telematics Regulations Will Drive Market
7.4 Tethered
7.4.1 Offering of Basic Internet-Based Infotainment Features Would Restrict the Market
7.5 Integrated
7.5.1 Increase in Risks of Driver Safety Will Lead to Slow Growth of the Market
8 Connected Car Market, By End Market (Page No. - 79)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and Row
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Assumptions
8.1.3 Industry Insights
8.2 Original Equipment Manufacturer (OEM)
8.2.1 Increase in Demand for Safety and Security Services Will Drive the OEM Market
8.3 Aftermarket
8.3.1 Customer Willingness to Pay for Comfort and Safety Services Will Fuel the Aftermarket
9 Connected Car Market, By Hardware (Page No. - 84)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and Row
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Assumptions
9.1.3 Industry Insights
9.2 Head Unit
9.2.1 Infotainment Systems Will Drive the Head Unit Market for Connected Cars
9.3 Central Gateway (CGW)
9.3.1 Transformation in Vehicle Network Architecture Will Drive the Market
9.4 Intelligent Antenna
9.4.1 Demand for Small and Powerful Antennas Will Boost the Intelligent Antenna Market
9.5 Electronic Control Unit (ECU)
9.5.1 Demand for High Capacity ECU Will Drive the Market in Future
9.6 Telematic Control Unit (TCU)
9.6.1 Ecall Mandate in Europe and Safety and Security Regulations Elsewhere Will Boost the TCU Market
9.7 Keyless Entry Systems
9.7.1 Need for Comfort and Convenience Will Drive the Keyless Entry System Market
9.8 Sensors
9.8.1 Demand for Adas and Autonomous Features Will Drive the Sensor Market
10 Connected Car Market, By Transponder (Page No. - 92)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and Row
10.1 Introduction
10.1.1 Research Methodology
10.1.2 Assumptions
10.1.3 Industry Insights
10.2 Onboard Unit
10.2.1 Demand for Safety and V2v Communication Will Drive the Market
10.3 Roadside Unit
10.3.1 Smart Cities Will Drive the Roadside Unit Market
11 Connected Car Market, By Network (Page No. - 98)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and Row
11.1 Introduction
11.1.1 Research Methodology
11.1.2 Assumptions
11.1.3 Industry Insights
11.2 Operational Data
11.3 Dedicated Short Range Communication (DSRC)
11.3.1 V2x Communication Will Drive the DSRC Market
11.4 Cellular
11.4.1 Advent of 5g Network Will Drive the Cellular Market
11.4.1.1 4g
11.4.1.2 5g
12 Connected Car Market, By Region (Page No. - 103)
Note: The Chapter is Further Segmented at Regional and Country Level Further Segmented By Form Type (Volume) and Service (Value)
12.1 Introduction
12.1.1 Research Methodology
12.1.2 Assumptions/Limitations
12.1.3 Industry Insights
12.2 Asia Pacific
12.2.1 China
12.2.1.1 AI-Based Solutions and 5G Connectivity Will Drive the Market
12.2.1.2 China Vehicle Production Data
12.2.2 India
12.2.2.1 Demand for Infotainment and Navigation Will Drive the Market
12.2.2.2 India Vehicle Production Data
12.2.3 Japan
12.2.3.1 Real-Time Traffic and Infotainment Will Boost the Market
12.2.3.2 Japan Vehicle Production Data
12.2.4 South Korea
12.2.4.1 5g Connectivity Will Drive the Market
12.2.4.2 South Korea Vehicle Production Data
12.2.5 Thailand
12.2.5.1 Deployment of Smart Infrastructure Will Drive the Market
12.2.5.2 Thailand Vehicle Production Data
12.2.6 Rest of Asia Pacific
12.2.6.1 Smart Cities and Connectivity Will Drive the Market
12.2.6.2 Rest of Asia Pacific Vehicle Production Data
12.3 Europe
12.3.1 Germany
12.3.1.1 Advanced Transportation Systems for Safety Will Drive the Market
12.3.1.2 Germany Vehicle Production Data
12.3.2 France
12.3.2.1 French Automotive Companies are Investing in Security Technologies Which Will Drive the Market
12.3.2.2 France Vehicle Production Data
12.3.3 UK
12.3.3.1 Service Oriented Market in UK Will Increase Adoption of Connected Cars
12.3.3.2 UK Vehicle Production Data
12.3.4 Spain
12.3.4.1 Ecall Mandate to Drive the Market
12.3.4.2 Spain Vehicle Production Data
12.3.5 Italy
12.3.5.1 Smart Home Integration and Safety Systems Will Drive the Market
12.3.5.2 Italy Vehicle Production Data
12.3.6 Russia
12.3.6.1 Embedded Connectivity Will Drive the Market
12.3.6.2 Russia Vehicle Production Data
12.3.7 Rest of Europe
12.3.7.1 5G Connectivity and Services Will Drive the Market
12.3.7.2 Rest of Europe Vehicle Production Data
12.4 North America
12.4.1 US
12.4.1.1 Highest Penetration of Internet in the Country Will Drive the Market
12.4.1.2 US Vehicle Production Data
12.4.2 Canada
12.4.2.1 Increasing Safety Concerns Will Drive the Market
12.4.2.2 Canada Vehicle Production Data
12.4.3 Mexico
12.4.3.1 Asset Tracking and Real-Time Traffic Data Features Will Drive the Market
12.4.3.2 Mexico Vehicle Production Data
12.5 Rest of the World
12.5.1 Brazil
12.5.1.1 Car Tracking and Safety Features Will Drive the Market
12.5.1.2 Brazil Vehicle Production Data
12.5.2 Argentina
12.5.2.1 Shifting of Automotive Sector Toward Service Oriented Model Will Drive the Market
12.5.2.2 Argentina Vehicle Production Data
12.5.3 Iran
12.5.3.1 Lack of Connected Mobility Solutions Will Hinder the Growth of Connected Cars
12.5.3.2 Iran Vehicle Production Data
12.5.4 Rest of Row
12.5.4.1 Demand for Advanced Mobility Solutions Will Drive the Market
12.5.4.2 Rest of Row Vehicle Production Data
13 Competitive Landscape (Page No. - 144)
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Leadership Mapping
13.3.1 Terminology
13.3.2 Visionary Leaders
13.3.3 Innovators
13.3.4 Dynamic Differentiators
13.3.5 Emerging Companies
13.4 Competitive Leadership Mapping - Connected Car Solution Providers
13.4.1 Strength of Product Portfolio
13.4.2 Business Strategy Excellence
13.5 Competitive Leadership Mapping : Connected Car Manufacturers
13.5.1 Strength of Product Portfolio
13.5.2 Business Strategy Excellence
13.6 Right to Win
13.7 Competitive Scenario
13.7.1 New Product Developments/Launches
13.7.2 Expansions
13.7.3 Acquisitions
13.7.4 Partnerships/Contracts
14 Company Profiles (Page No. - 162)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
14.1 Hardware Providers
14.1.1 Continental
14.1.2 Bosch
14.1.3 Harman
14.1.4 Visteon
14.2 Software Providers
14.2.1 Airbiquity
14.2.2 Cloudmade
14.2.3 Intellias
14.3 OEM Manufacturers
14.3.1 Tesla
14.3.2 Ford Motor Company
14.3.3 Audi
14.4 Network Providers
14.4.1 At&T
14.4.2 Qualcomm
14.4.3 Verizon Communication
14.5 Iot/Mapping Solution Providers
14.5.1 Tomtom
14.5.2 Sierra Wireless
14.6 Others
14.6.1 Panasonic
14.6.2 Tech Mahindra
14.6.3 Microsoft Azure
14.6.4 Zubie
14.6.5 BMW
14.6.6 Daimler
14.6.7 Telefonica
14.6.8 Luxoft
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.
15 Recommendations By MarketsandMarkets (Page No. - 203)
15.1 Asia Pacific Will Be the Major Market for Connected Cars
15.2 Embedded Form of Connectivity Can Be A Key Focus for Manufacturers
15.3 Conclusion
16 Appendix (Page No. - 204)
16.1 Currency & Pricing
16.2 Key Insights of Industry Experts
16.3 Discussion Guide
16.4 Knowledge Store: Marketsandmarkets Subscription Portal
16.5 Available Customizations
16.5.1 Connected Car Market, By Cellular Type
16.5.1.1 4g/Lte
16.5.1.2 5g
16.5.2 Connected Car Market, By Aftermarket
16.5.2.1 Head Unit
16.5.2.2 Central Gateway
16.5.2.3 Intelligent Antenna
16.5.2.4 Electronic Control Unit (Ecu)
16.5.2.5 Telematics Control Unit (TCU)
16.5.2.6 Keyless Entry Sensor
16.5.2.7 Sensors
16.6 Related Reports
16.7 Author Details
List of Tables (148 Tables)
Table 1 Segment-Wise Inclusions & Exclusions
Table 2 Current and Upcoming Regulations of Various Adas, Safety, and Connected Car Related Features in Us and Europe
Table 3 Connected Car Market (Most Likely), By Region, 20172027 (USD Million)
Table 4 Connected Car Market (Optimistic), By Region, 20172027 (USD Million)
Table 5 Connected Car Market (Pessimistic), By Region, 20172027 (USD Million)
Table 6 Connected Car Solutions and Services Offered By Key Industry Players
Table 7 Connected Car, By Service, Features Offered By OEMs
Table 8 Connected Car Market, By Service, 20172027 (USD Million)
Table 9 Navigation Market, By Region, 20172027 (USD Million)
Table 10 Remote Diagnostics Market, By Region, 20172027 (USD Million)
Table 11 Multimedia Streaming Market, By Region, 20172027 (USD Million)
Table 12 Social Media and Other Apps Market, By Region, 20172017 (USD Million)
Table 13 Ota Updates Market, By Region, 20172027 (USD Million)
Table 14 On-Road Assistance Market, By Region, 20172027 (USD Million)
Table 15 E-Call & Sos Assistance Market, By Region, 20172027 (USD Million)
Table 16 Cybersecurity Market, By Region, 20172027 (USD Million)
Table 17 Remote Operation Market, By Region, 20172027 (USD Million)
Table 18 Collision Warning Market, By Region, 20172027 (USD Million)
Table 19 Auto Parking/Connected Parking Market, By Region, 20172027 (USD Million)
Table 20 Autopilot Market, By Region, 20172027 (USD Million)
Table 21 Home Integration Market, By Region, 20172027 (USD Million)
Table 22 Vehicle Management Market, By Region, 20172027 (USD Million)
Table 23 Asset Tracking Market, By Region, 20172027 (USD Million)
Table 24 Connected Car, By Form Type, Features
Table 25 Connected Car Market, By Form, 20172027 (000 Units)
Table 26 Connected Car Market, By Form, 20172027 (USD Million)
Table 27 Embedded Market, By Region, 20172027 (000 Units)
Table 28 Embedded Market, By Region, 20172027 (USD Million)
Table 29 Tethered Market, By Region, 20172027 (000 Units)
Table 30 Tethered Market, By Region, 20172027 (USD Million)
Table 31 Integrated Market, By Region, 20172027 (000 Units)
Table 32 Integrated Market, By Region, 20172027 (USD Million)
Table 33 Connected Car Market, By End Market, 20172027 (USD Million)
Table 34 OEM Connected Car Market, By Region, 20172027 (USD Million)
Table 35 Connected Car Aftermarket, By Region, 20172027 (USD Million)
Table 36 Connected Car Market, By Hardware, 20172027 (USD Million)
Table 37 Head Unit Market, By Region, 20172027 (USD Million)
Table 38 Central Gateway Market, By Region, 20172027 (USD Million)
Table 39 Intelligent Antenna Market, By Region, 20172027 (USD Million)
Table 40 Electronic Control Unit Market, By Region, 20172027 (USD Million)
Table 41 Telematic Control Unit Market, By Region, 20172027 (USD Million)
Table 42 Keyless Entry Systems Market, By Region, 20172027 (USD Million)
Table 43 Sensors Market, By Region, 20172027 (USD Million)
Table 44 Global Market, By Transponder, 20172027 (000 Units)
Table 45 Global Market, By Transponder, 20172027 (USD Million)
Table 46 Onboard Unit Market, By Region, 20172027 (000 Units)
Table 47 Onboard Unit Market, By Region, 20172027 (USD Million)
Table 48 Roadside Unit Market, By Region, 20172027 (000 Units)
Table 49 Roadside Unit Market, By Region, 20172027 (USD Million)
Table 50 Comparison Between DSRC and Cellular for V2x Communication
Table 51 Connected Car Market, By Network, 20172027 (000 Units)
Table 52 DSRC Market, By Region, 20172027 (000 Units)
Table 53 Cellular Market, By Region, 20172027 (000 Units)
Table 54 Connected Car Market, By Region, 20172027 (000 Units)
Table 55 Connected Car Market, By Region, 20172027 (USD Million)
Table 56 Asia Pacific: Market, By Country, 20172027, (000 Units)
Table 57 Asia Pacific: Market, By Country, 20172027, (USD Million)
Table 58 China: Passenger Car Production, 2014-2017 (000 Units)
Table 59 China: Market, By Form, 20172027, (000 Units)
Table 60 China: Market, By Service, 20172027, (USD Million)
Table 61 India: Passenger Car Production, 2014-2017 (000 Units)
Table 62 India: Market, By Form, 20172027, (000 Units)
Table 63 India: Market, By Service, 20172027, (USD Million)
Table 64 Japan: Passenger Car Production, 2014-2017 (000 Units)
Table 65 Japan: Market, By Form, 20172027, (000 Units)
Table 66 Japan: Market, By Service, 20172027, (USD Million)
Table 67 South Korea: Passenger Car Production, 2014-2017 (000 Units)
Table 68 South Korea: Market, By Form, 20172027, (000 Units)
Table 69 South Korea: Market, By Service, 20172027, (USD Million)
Table 70 Thailand: Passenger Car Production, 2014-2017 (000 Units)
Table 71 Thailand: Market, By Form, 20172027, (000 Units)
Table 72 Thailand: Market, By Service, 20172027, (USD Million)
Table 73 Rest of APAC: Passenger Car Production, 2014-2017 (000 Units)
Table 74 Rest of Asia Pacific: Connected Car Market, By Form, 20172027, (000 Units)
Table 75 Rest of Asia Pacific: Connected Car Market, By Service, 20172027, (USD Million)
Table 76 Europe: Market, By Country, 20172027 (000 Units)
Table 77 Europe: Market, By Country, 20172027 (USD Million)
Table 78 Germany: Passenger Car Production, 2014-2017 (000 Units)
Table 79 Germany: Market, By Form, 20172027 (000 Units)
Table 80 Germany: Market, By Service, 20172027 (USD Million)
Table 81 France: Passenger Car Production, 2014-2017 (000 Units)
Table 82 France: Market, By Form, 20172027 (000 Units)
Table 83 France: Market, By Service, 20172027 (USD Million)
Table 84 UK: Passenger Car Production, 2014-2017 (000 Units)
Table 85 UK: Market, By Form, 20172027 (000 Units)
Table 86 UK: Market, By Service, 20172027 (USD Million)
Table 87 Spain: Passenger Car Production, 2014-2017 (000 Units)
Table 88 Spain: Market, By Form, 20172027 (000 Units)
Table 89 Spain: Market, By Service, 20172027 (USD Million)
Table 90 Italy: Passenger Car Production, 2014-2017 (000 Units)
Table 91 Italy: Market, By Form, 20172027 (000 Units)
Table 92 Italy: Market, By Service, 20172027 (USD Million)
Table 93 Russia: Passenger Car Production, 2014-2017 (000 Units)
Table 94 Russia: Market, By Form, 20172027 (000 Units)
Table 95 Russia: Market, By Service, 20172027 (USD Million)
Table 96 Rest of Europe: Passenger Car Production, 2014-2017 (000 Units)
Table 97 Rest of the Europe: Connected Car Market, By Form, 20172027 (000 Units)
Table 98 Rest of the Europe: Connected Car Market, By Service, 20172027 (USD Million)
Table 99 North America: Market, By Country, 20172027 (000 Units)
Table 100 North America: Market, By Country, 20172027 (USD Million)
Table 101 US: Passenger Car Production, 2014-2017 (000 Units)
Table 102 US: Market, By Form, 20172027 (000 Units)
Table 103 US: Market, By Service, 20172027 (USD Million)
Table 104 Canada: Passenger Car Production, 2014-2017 (000 Units)
Table 105 Canada: Market, By Form, 20172027 (000 Units)
Table 106 Canada: Market, By Service, 20172027 (USD Million)
Table 107 Mexico: Passenger Car Production, 2014-2017 (000 Units)
Table 108 Mexico: Market, By Form, 20172027 (000 Units)
Table 109 Mexico: Market, By Service, 20172027 (USD Million)
Table 110 Row: Connected Car Market, By Country, 20172027 (000 Units)
Table 111 Row: Connected Car Market, By Country, 20172027 (USD Million)
Table 112 Brazil: Passenger Car Production, 2014-2017 (000 Units)
Table 113 Brazil: Market, By Form, 20172027 (000 Units)
Table 114 Brazil: Market, By Service, 20172027 (USD Million)
Table 115 Argentina: Passenger Car Production, 2014-2017 (000 Units)
Table 116 Argentina: Market, By Form, 20172027 (000 Units)
Table 117 Argentina: Market, By Service, 20172027 (USD Million)
Table 118 Iran: Passenger Car Production, 2014-2017 (000 Units)
Table 119 Iran: Market, By Form, 20172027 (000 Units)
Table 120 Iran: Market, By Service, 20172027 (USD Million)
Table 121 Rest of Row: Passenger Car Production, 2014-2017 (000 Units)
Table 122 Rest of Row: Connected Car Market, By Form, 20172027 (000 Units)
Table 123 Rest of Row: Connected Car Market, By Service, 20172027 (USD Million)
Table 124 New Product Developments/Launches, 20172019
Table 125 Expansions, 2018
Table 126 Acquisitions, 20182019
Table 127 Partnerships/Contracts/Strategic Cooperation, 20172019
Table 128 Continental: Organic Developments (New Product Developments/ Expansions)
Table 129 Continental: Inorganic Developments
Table 130 Bosch: Organic Developments (New Product Developments/Expansions)
Table 131 Bosch: Inorganic Developments
Table 132 Harman: Organic Developments
Table 133 Harman: Inorganic Developments
Table 134 Visteon: Organic Developments
Table 135 Visteon: Inorganic Developments
Table 136 Airbiquity: Organic Developments
Table 137 Airbiquity: Inorganic Developments
Table 138 Cloudmade: Inorganic Developments
Table 139 Tesla: Organic Developments
Table 140 Ford: Inorganic Developments
Table 141 Audi: Inorganic Developments
Table 142 At&T: Inorganic Developments
Table 143 Qualcomm: Organic Developments
Table 144 Qualcomm: Inorganic Developments
Table 145 Verizon Communication: Organic Developments
Table 146 Tomtom: Inorganic Developments
Table 147 Sierra Wireless: Inorganic Developments
Table 148 Currency Exchange Rates (Wrt Per USD)
List of Figures (58 Figures)
Figure 1 Market Segmentation: Connected Car Market
Figure 2 Connected Car Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Bottom-Up Approach: Connected Car Market
Figure 6 Top-Down Approach: Connected Car Market, By Transponder
Figure 7 Top-Down Approach: Connected Car Market, By Hardware
Figure 8 Top-Down Approach: Connected Car Market, By Network
Figure 9 Top Down Approach: Connected Car Market, By End Market
Figure 10 Data Triangulation
Figure 11 Connected Car: Market Outlook
Figure 12 Connected Car Market, By Service, 2019 vs. 2027 (USD Million)
Figure 13 Government Regulations for Safety and Increasing Demand for Internet-Based Smartphone Solutions are Driving the Market, 20192027 (USD Billion)
Figure 14 Europe is Expected to Dominate the Connected Cars Market
Figure 15 Embedded Form of Connectivity to Hold the Largest Market By 2027
Figure 16 Ota Updates is Projected to Be Largest Market By 2027
Figure 17 Aftermarket to Hold the Largest Market During the Forecast Period
Figure 18 Electronic Control Unit (ECU) to Hold the Largest Market During the Forecast Period
Figure 19 Onboard Unit to Hold the Largest Market During the Forecast Period
Figure 20 Cellular is Expected to Hold the Largest Market During the Forecast Period
Figure 21 Global Market: Dynamics
Figure 22 Automotive Adas Market, By Region, 2018 vs. 2025 (USD Billion)
Figure 23 Global Fuel Economy and Co2 Emission Data (20162025)
Figure 24 5g Infrastructure Market, By Geography, 20202025 (USD Million)
Figure 25 Autonomous Car L3 and L4 Market, US, 20182025 (Thousand Units)
Figure 26 Mobility-As-A-Service Market, By Region, 20202030 (USD Million)
Figure 27 Automotive Cybersecurity Market, By Region, 20182025 (USD Million)
Figure 28 Connected Car Market, By Service, 2019 vs. 2027 (USD Million)
Figure 29 Connected Car Market, By Form Type, 2019 vs. 2027 (USD Million)
Figure 30 Connected Car Market, By End Market, 2019 vs. 2027 (USD Million)
Figure 31 Connected Car Market, By Hardware, 2019 vs. 2027 (USD Million)
Figure 32 Connected Car Market, By Transponder, 2019 vs. 2027 (USD Million)
Figure 33 Connected Car Market, By Network, 2019 vs. 2027 (USD Million)
Figure 34 Connected Car Market, By Region, 20192027 (USD Million)
Figure 35 Asia Pacific: Connected Car Market Snapshot
Figure 36 Europe: Connected Car Market, 2019 vs. 2027 (USD Million)
Figure 37 North America: Connected Car Market, Snapshot
Figure 38 Row: Connected Car Market, 2019 vs. 2027 (USD Million)
Figure 39 Connected Car: Market Ranking Analysis, 2018
Figure 40 Connected Car Solution Providers: Competitive Leadership Mapping, 2018
Figure 41 Connected Car Solution Providers: Company-Wise Product Offering Analysis
Figure 42 Connected Car Solution Providers: Company-Wise Business Strategy Analysis
Figure 43 Connected Car Manufacturers: Competitive Leadership Mapping, 2018
Figure 44 Connected Car Manufacturers: Company-Wise Product Offering Analysis
Figure 45 Connected Car Manufacturers: Company-Wise Business Strategy Analysis
Figure 46 Companies Adopted New Product Developments & Partnerships/ Agreements/Supply Contracts/Collaborations/Joint Ventures as the Key Growth Strategy, 20172019
Figure 47 Continental: Company Snapshot
Figure 48 Bosch: Company Snapshot
Figure 49 Harman: Company Snapshot
Figure 50 Visteon: Company Snapshot
Figure 51 Tesla: Company Snapshot
Figure 52 Ford: Company Snapshot
Figure 53 Audi: Company Snapshot
Figure 54 At&T: Company Snapshot
Figure 55 Qualcomm: Company Snapshot
Figure 56 Verizon Communication: Company Snapshot
Figure 57 Tomtom: Company Snapshot
Figure 58 Sierra Wireless: Company Snapshot
The study involved four major activities in estimating the current size of the connected car market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [such as publications of vehicle sales OEMs, Canadian Automobile Association (CAA), country-level automotive associations and trade organizations, and the US Department of Transportation (DOT)], connected car magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global connected car industry.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.
Primary interviews have been conducted to gather insights such as vehicle production forecast, connected car market forecast, future technology trends, and upcoming technologies in the connected car industry. Data triangulation of all these points was done with the information gathered from secondary research as well as model mapping. Stakeholders from demand as well as supply-side have been interviewed to understand their views on the points mentioned above.
Primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (connected car solution and service providers) players across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Approximately 20% and 80% of primary interviews have been conducted from the demand and supply sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report.
After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the total market size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the connected car market in terms of value (USD million) and volume (thousand units)
- To define, describe, and forecast the connected car market in terms of volume and value, by service (navigation, remote diagnostics, multimedia streaming, social media & other apps, OTA updates, on-road assistance, eCall & SOS assistance, cybersecurity, remote operation, collision warning, auto parking/connected parking, autopilot, home integration, vehicle management, and asset tracking), at regional level
- To define, describe, and forecast the connected car market in terms of volume and value, by end market (OEM and aftermarket), at the regional level
- To define, describe, and forecast the connected car market in terms of volume and value, by form type (embedded, tethered, and integrated), at regional level
- To define, describe, and forecast the connected car market in terms of value, by hardware (head unit, central gateway, intelligent antenna, electronic control unit, telematic control unit, keyless entry systems, and sensor), at regional level
- To define, describe, and forecast the connected car market in terms of volume and value, by transponder (onboard unit and roadside unit), at regional level
- To define, describe, and forecast the connected car market in terms of volume and value, by network (DSRC and cellular), at regional level
- To define, describe, and forecast the connected car market in terms of volume and value, based on region (Asia Pacific, Europe, North America, and RoW)
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the connected car market
- To analyze the market ranking of key players operating in the connected car market
- To analyze the competitive landscape and prepare a competitive leadership mapping for the global players operating in the connected car market
- To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry participants in the connected car market
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance to the companys specific needs.
- Connected Car Market, By Cellular
- 4g/Lte
- 5g
- Connected Car Market, By Aftermarket
- Head Unit
- Central Gateway
- Intelligent Antenna
- Electronic Control Unit (Ecu)
- Telematic Control Unit (Tcu)
- Keyless Entry System
- Sensors
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Connected Car Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Connected Car Market