Connected Car Market Size, Share & Analysis

Report Code AT 5974
Published in Jun, 2024, By MarketsandMarkets™
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Connected Car Market by Service ICE & EV (OTA, Navigation, Multimedia Streaming, Social Media, eCall, Autopilot, Remote Diagnostics, Home Integration), Market (OEM, Aftermarket), Network, Form, Transponder, Hardware and Region - Global Forecast to 2030

Overview

The global connected car market is projected to grow from USD 12.4 Billion in 2024 to USD 26.4 Billion by 2030 at a CAGR of 13.3%. The connected car market is experiencing exponential growth, driven by various factors. Foremost is the surging consumer demand for constant connectivity and reliance on technology, particularly among tech-savvy populations. This insatiable need for connectivity is being met by rapid advancements in automotive technology, such as the rollout of 5G networks and AI-powered features. Governments are also playing a catalyzing role, with regulations like the US Department of Transportation's mandate for vehicle-to-vehicle communication technology in new cars. The popularity of automation, ridesharing, and mobility services is further propelling the market. Finally, the increasing production and sales of vehicles, especially luxury models, supplement this dynamic sector's growth.

Attractive Opportunities in the Connected Car Market

Asia Pacific

Asia Pacific region has the highest market share due to rapid urbanization, heavy investments in smart city projects and supporting policies which is encouraging the adoption of connected cars

Increasing demand for enhanced user experience, safety, and convenience. Also increase in advancement of technology such as 5G and AI are enabling more sophisticated connected car features and services for in-car experience.

OTA updates to hold the largest market share in connected car market

Partnership, collaboration, and acquisition would offer a lucrative opportunities for market players in next years.

Cybersecurity risks, privacy concerns, inadequate connectivity infrastructure, high costs, and regulatory uncertainty are the main factors restraining the growth of the connected car market globally.

Global Connected Car Market Dynamics

DRIVER: Increasing Adoption of Telematics and usage-based Insurance

Telematics has merged into the automotive mainstream at a rapid rate. Car telematics help improve driving behavior and road safety and align insurance premiums via usage-based insurance (UBI). According to GSMA (Global System for Mobile Communications), the telematics industry is estimated to reach USD 750 billion by 2030. There are two significant reasons for the growth of the telematics industry. First is governments' increasing willingness to mandate telematics services such as emergency-call capabilities, which is already happening in the European Union and Russia. Second is the increasing demand for excellent connectivity and intelligence in vehicles. Also, the automotive telematics market is projected to grow from USD 9,041.6 million in 2024 to USD 16,111.0 million by 2030, at a CAGR of 10.1% from 2024 to 2030. This growth is driven by the increasing demand for vehicles with telematics services, growing concerns regarding safety in the event of breakdown and accidents, rising demand for advanced technologies, and the high purchasing power of consumers. Stolen vehicle assistance, insurance-based assessment, and other advanced services are aiding manufacturers in enhancing vehicles' overall safety and efficiency.

RESTRAINT: Lack of infrastructure for the proper functioning of connected cars

Vehicles are not connected to the cloud or one other because of the restricted network connectivity on highways. Compared to industrialized economies, the expansion of IT infrastructure on highways is occurring more slowly in developing nations like Mexico, Brazil, and India. The necessary 4G-LTE and 3G communication networks are only available in urban and semi-urban areas. Low connection is a problem even though many third-party logistics companies operate in rural and semi-urban areas. As a result, developing the connected automobile industry in developing nations may need more IT and communication infrastructure in these areas and a delay in governmental regulations. Additionally, industry participants may be subject to national telecom laws, such as those about legal intercept and in-country entity requirements, as telecom service providers. It will be necessary to discuss and regulate the cross-border use cases and the interoperability of the various platforms. Our reliance on data networks also brings up the issue of net neutrality—in which internet service providers give some data transmission priority.

 

OPPORTUNITY: Development of ridesharing and mobility services

Connected autonomous car technology is quickly evolving, and several companies are focusing on this technology, with Tesla leading the way. Autonomous self-driving vehicles are expected to create ridesharing and mobility services opportunities. For instance, Waymo already has driverless cars picking up passengers, while General Motors plans to roll out its service by the end of 2019. Ford indicates it will have a self-driving fleet ready for ridesharing by 2021. Ridesharing and other mobility services with autonomous cars will require a strong IoT backup, as accessing all the services would require connected vehicles and devices. Wi-Fi, 4G, GPS, Bluetooth, and 5G (upcoming) are vital in ridesharing. With the growing number of connected devices, ridesharing will be accessible to a more extensive user base in the future than it is today. Technological advancements in electric vehicles will increase the demand for autonomous vehicles. Shared mobility is also a key growth driver for autonomous vehicles. As people are comfortable sharing rides, it opens revenue doors for ride-sharing companies and mobility service providers. Currently, semi-autonomous vehicles are used in some of the ride-sharing services. Developing connected autonomous vehicles would drive ride-sharing growth as these vehicles do not require drivers and, hence, can reduce costs for service providers. Ridesharing with connected autonomous vehicles would increase the profits of service providers as there will be no share of drivers in the rides. Tesla plans to launch the first robotaxi as part of a broader vision for an autonomous ride-sharing network by 2020. Tesla estimates that running a robotaxi would cost around USD 0.18 or less per mile. This would challenge the USD 2–3 gasoline-powered ride-sharing vehicles per mile. It is a disruptive technology that can lead to the development of new mobility models and provide vast opportunities for ride-sharing and other mobility services.

CHALLENGE: Cybersecurity

The connected cars market faces significant cybersecurity risks that must be addressed to ensure driver safety and data privacy. Poorly designed vehicle architectures can allow hackers to remotely access critical systems like brakes and steering, potentially causing accidents. Connected cars also collect vast amounts of personal data, which could be breached and used for identity theft. For example, in 2015, researchers demonstrated how they could remotely hack a Jeep Cherokee, taking control of the vehicle's functions and turning off the engine on the highway. Overcoming these challenges requires robust security measures from automakers, like solid encryption and regular software updates, and collaboration with suppliers and regulators to establish global cybersecurity standards. Prioritizing cybersecurity is crucial for the market to reach its full potential while maintaining consumer trust.

Global Connected Car Market Ecosystem Analysis

Connected Car Market Ecosystem. The major connected car market companies have the latest technologies, diversified portfolios, and global distribution networks. The major players in the market include Continental AG (Germany), Robert Bosch GmbH (Germany), Harman International (US), Visteon (US), and Airbiquity Inc (US).

 

The embedded connectivity segment is estimated to be the largest market during the forecast period.

Embedded systems dominate the connected vehicle market globally due to their seamless integration with vehicles, cost optimization benefits, and ability to meet regulatory requirements. Automakers leverage embedded solutions to comply with government mandates like the eCall system in Europe and California's OBD II standards, ensuring vehicles are equipped with essential connectivity features. Embedded systems also enable automakers to offer cloud-based services such as remote diagnostics, over-the-air updates, and real-time traffic information, enhancing the overall driving experience while optimizing consumer costs. For instance, Tesla's (US) vehicles highlighted the power of embedded connectivity by providing features like remote diagnostics and over-the-air updates through a fully integrated system that sends vehicle data to the cloud for immediate assistance.The demand for safety and security features further drives the preference for embedded systems, as they facilitate critical functionalities like automatic emergency calling (eCall) and remote diagnostics. Embedded solutions offer a reliable and comprehensive approach to connectivity, ensuring an essential level of integration with the vehicle's electrical architecture for enhanced performance and security. As the connected vehicles market continues to evolve, embedded systems are poised to maintain their dominance by providing a robust foundation for advanced features and services that cater to the growing needs of consumers and regulatory standards worldwide.

Aftermarket is the fastest-growing segment in the connected car devices market.

The aftermarket provides a more affordable and accessible option for consumers to add connectivity features to their existing vehicles. Aftermarket solutions like dongles that plug into the OBD-II port are significantly cheaper than buying a new connected car from the dealer. This makes connected car technology available to more consumers who cannot afford a new connected vehicle. Also, the aftermarket allows consumers to customize their connectivity features based on their specific needs and preferences. Aftermarket providers offer a wide range of products like WiFi hotspots, vehicle tracking devices, and dashcams that can be easily installed in any vehicle. For instance, connected car technology companies like Pioneer (Japan) and Kenwood (US) offer advanced infotainment systems that include GPS navigation, Bluetooth connectivity, and smartphone integration at a fraction of the cost of new car models equipped with similar features. This makes it easier for a broader range of consumers to enjoy the benefits of connected car technology without purchasing a new vehicle. Also, ERM Advanced Telematics (Israel) launched StarLink Tracker in January 2023, an aftermarket device that integrates advanced vehicle tracking, driver behavior monitoring, theft prevention, Short-Range wireless communication, Wi-Fi, and 4G capabilities in a single device.Also, the aftermarket is benefiting from the increasing popularity of vehicle sharing and rental services. Companies like Uber (US) and Lyft (US) are equipping their rental fleets with aftermarket connectivity solutions to enable driver monitoring, navigation, and in-vehicle entertainment features. As the sharing economy grows, so will the demand for aftermarket connected car technology in commercial fleets. For instance, Verizon Connect (US) offers a range of aftermarket telematics devices that can be easily installed in any vehicle to provide fleet management capabilities like GPS tracking, driver behavior monitoring, and fuel usage reporting. This allows businesses to optimize fleet operations and reduce costs without purchasing new connected vehicles. Hence, the aftermarket segment is the fastest-growing segment in the connected car market due to its affordability, customizability, and applicability to the sharing economy. As consumer demand for connectivity rises, the aftermarket will play an increasingly vital role in making connected car technology accessible to the masses.

Asia Pacific region holds the largest share of the Connected Car Market.

The Asia Pacific region is poised to lead the growth in the connected car market, driven by factors that highlight its potential as a key player in the automotive industry. China is at the forefront of this growth trajectory, fueled by its expanding economies and increasing connectivity infrastructures. For instance, China, the world's largest automotive market, is witnessing a surge in connected car adoption, with connected car technology companies like Geely (China) and BYD (China) incorporating advanced connectivity features to fulfill consumer demands. Moreover, in September 2022, Changan Automobile (China) launched a new brand 'Zhuge Intelligence' offering various vehicle connectivity services and unveiled the CD701 Prototype, its first vehicle built on the new SDA platform. Also, in a developing country like India, in December 2022, Tata Motors displayed its connected car technology, advanced driver assistance systems (ADAS), and hydrogen as a fuel alternative at the Auto Expo 2023.

 
 

Recent Developments of Connected Car Market industry

  • In February 2024, The Continental Introduces a New Digital Tool to Check Truck Tires, known as ContiConnect Lite. It bridges tire sensors and tire management, offering an accessible gateway to selected ContiConnect features via smartphone. This tool allows fleets and truck drivers to access tire data, manage up to five vehicles, and receive alerts for tire conditions, enhancing safety, reducing breakdowns and maintenance costs, and improving fuel efficiency. ContiConnect Lite is particularly beneficial for smaller fleets using intelligent tires or Generation II sensors, requiring no additional hardware and providing convenience through the ContiConnect On-Site app available on IOS and Android versions.
  • In February 2024, Harman International launched the HARMAN Ready Connect 5G Telematics Control Unit (TCU), a significant advancement in automotive connectivity that leverages Qualcomm Technologies, Inc. (US) Snapdragon Digital Chassis. The 5G-enabled TCU is designed to deliver rich in-cabin experiences for consumers while reducing time to market and engineering efforts for automakers. It offers features like enhanced traffic notifications, communication between the car and the environment, and improved connected mobility experiences focused on entertainment, productivity, and situational awareness. The future-proof solution provides modular hardware upgradability and a scalable software architecture to maximize reuse across product variants, highlighting Harman and Qualcomm's collaboration to revolutionize automotive connectivity.

Key Market Players

KEY PLAYERS IN THE Connected Car Market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2019–2030
Base year considered 2023
Market Growth forecast  USD 26.4 Billion by 2030 from USD 12.4 Billion in 2024 at 13.3% CAGR
Forecast period 2024–2030
Forecast units Value (USD Million/USD Thousand)
Segments Covered By service, by end market, by form type, by hardware, EV by vehicle type, by transponder, and by network
Geographies covered Asia Pacific, North America, Europe, and Rest of the World
Top Players Continental AG (Germany), Robert Bosch GmbH (Germany), Harman International (US), Airbiquity (US), Visteon (US), Cloudmade (UK), Intellias (Ukraine), Tesla (US), Ford Motor Company (US), Audi (Germany), AT&T (US), Qualcomm Technologies, Inc. (US), Verizon (US), TomTom International BV. (Netherlands), Sierra Wireless (Canada)

 

Key Questions Addressed by the Report

What is the current size of the connected car market?
The global connected car market is expected to grow from USD 12.47 billion in 2024 and is projected to reach USD 26.40 billion in 2030, at a CAGR of 13.3% during the forecast period.
Which is the leading segment in the connected car market?
The integrated type segment is expected to be the largest market during the forecasted period.
What factors are driving the connected car market?
Adoption of 5G infrastructure, smart cities, customization or upgrading older vehicles, increasing adoption of smartphones, and vehicle safety are key factors driving the market.
How are major OEMs deploying connectivity features in cars, and what are the expected advancements in the next 10 years?
OEMs are developing vehicles built around connectivity systems and features, marketing them as unique selling propositions. The penetration of connected systems and key features is expected to increase significantly in the next 10 years.
How are aftermarket devices contributing to the growth of the connected car market, and what are the advantages of opting for aftermarket solutions?
Aftermarket devices allow owners of older vehicles to add connectivity features such as WiFi hotspots, remote access, and maintenance alerts, making connected car technology more accessible and affordable without purchasing a new vehicle.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
31
RESEARCH METHODOLOGY
36
EXECUTIVE SUMMARY
53
PREMIUM INSIGHTS
56
CONNECTED CAR MARKET OVERVIEW
60
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Surge in regulations mandating advanced features
    - Rapid developments in connected car technology
    - Growing focus on fuel efficiency
    - Rising adoption of telematics and usage-based insurance
    - Escalating demand for premium vehicles
    RESTRAINTS
    - Lack of robust infrastructure
    OPPORTUNITIES
    - Emergence of advanced technologies
    - Ongoing development of autonomous vehicles
    - Growing shift toward mobility-as-a-service
    CHALLENGES
    - Cybersecurity issues
  • 5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PATENT ANALYSIS
    LEGAL STATUS OF PATENTS
    TOP PATENT APPLICANTS
  • 5.5 ECOSYSTEM ANALYSIS
    HARDWARE PROVIDERS
    SOFTWARE PROVIDERS
    NETWORK PROVIDERS
    OEMS
  • 5.6 CAR SUBSCRIPTION VS. IN-CAR SUBSCRIPTION
  • 5.7 CAR SUBSCRIPTION LANDSCAPE
  • 5.8 CASE STUDY ANALYSIS
    USE OF TELEMATICS CONTROL UNIT FOR PREDICTIVE MAINTENANCE
    DEVELOPMENT OF LOW-COST AND VERSATILE CAR TELEMATICS PLATFORM
    UTILIZATION OF ZUORA PLATFORM FOR TELEMATICS
    ENHANCED AUTONOMOUS DRIVING CAPABILITIES WITH OPEN AUTONOMY PILOT PLATFORM
    IMPROVED AUTONOMOUS VEHICLE PERFORMANCE WITH DRIVE HYPERION 5
  • 5.9 SUPPLY CHAIN ANALYSIS
  • 5.10 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY REGION
    AVERAGE SELLING PRICE TREND, BY HARDWARE
  • 5.11 TRADE ANALYSIS
    IMPORT DATA
    EXPORT DATA
  • 5.12 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGY
    - 5G
    - Artificial Intelligence
    COMPLEMENTARY TECHNOLOGY
    - Vehicle-to-everything
    - Cellular V2X
    ADJACENT TECHNOLOGY
    - Ride-hailing service
  • 5.13 REGIONAL TELEMATICS DATA PLAN, BY OEM
  • 5.14 KEY CONFERENCES AND EVENTS
  • 5.15 REGULATORY LANDSCAPE
    VEHICLE SAFETY STANDARDS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.17 BUYING CRITERIA
  • 5.18 INVESTMENT AND FUNDING SCENARIO
CONNECTED CAR MARKET, BY SERVICE
109
  • 6.1 INTRODUCTION
  • 6.2 OPERATIONAL DATA
  • 6.3 NAVIGATION
    NEED FOR PRECISE ROAD GEOMETRY AND 3D REPRESENTATION TO DRIVE MARKET
  • 6.4 REMOTE DIAGNOSTICS
    NEED TO REDUCE VEHICLE COST AND SERVICE TIME TO DRIVE MARKET
  • 6.5 MULTIMEDIA STREAMING
    RISING DEMAND FOR ADVANCED VEHICULAR FUNCTIONS TO DRIVE MARKET
  • 6.6 SOCIAL MEDIA & OTHER APPS
    SURGE IN USE OF INFOTAINMENT, NEWS UPDATES, AND MUSIC STREAMING, TO DRIVE MARKET
  • 6.7 OTA UPDATE
    GROWING FOCUS ON REDUCING MAINTENANCE COST AND COMPLIANCE ISSUES TO DRIVE MARKET
  • 6.8 ON-ROAD ASSISTANCE
    RISING INCLINATION TOWARD DRIVING ASSISTANCE TO COMBAT VEHICLE HEALTH ISSUES TO DRIVE MARKET
  • 6.9 E-CALL & SOS ASSISTANCE
    INCREASING DEMAND FOR EMERGENCY SERVICES AND SAFETY REGULATIONS TO DRIVE MARKET
  • 6.10 REMOTE OPERATION
    GROWING DEMAND FOR AUTONOMOUS VEHICLES TO DRIVE MARKET
  • 6.11 AUTO PARKING/CONNECTED PARKING
    INCREASING TREND OF SMART CITIES TO DRIVE MARKET
  • 6.12 AUTOPILOT
    GROWING ADOPTION OF L4 VEHICLES TO DRIVE MARKET
  • 6.13 HOME INTEGRATION
    RAPID DIGITALIZATION TO DRIVE MARKET
  • 6.14 STOLEN VEHICLE RECOVERY/WARNING
    RISING DEMAND FOR FLEET TELEMATICS IN TRANSPORTATION AND LOGISTICS INDUSTRIES TO DRIVE MARKET
    PRIMARY INSIGHTS
CONNECTED CAR MARKET, BY FORM TYPE
126
  • 7.1 INTRODUCTION
  • 7.2 OPERATIONAL DATA
  • 7.3 EMBEDDED
    SURGE IN DEVELOPMENT OF CLOUD-BASED SERVICES TO DRIVE MARKET
  • 7.4 INTEGRATED
    INCREASING PENETRATION OF SMARTPHONES AND MOBILE TECHNOLOGIES TO DRIVE MARKET
    PRIMARY INSIGHTS
CONNECTED CAR MARKET, BY END MARKET
132
  • 8.1 INTRODUCTION
  • 8.2 OEM
    RISE IN VEHICLE LEGISLATION AND INDUSTRY COMPLIANCES TO DRIVE MARKET
  • 8.3 AFTERMARKET
    GROWING DISPOSABLE INCOME AND DEMAND FOR COMFORT AND LUXURY FEATURES TO DRIVE MARKET
    PRIMARY INSIGHTS
CONNECTED CAR MARKET, BY HARDWARE
137
  • 9.1 INTRODUCTION
  • 9.2 HEAD UNIT
    GROWING POPULARITY OF INFOTAINMENT SYSTEMS TO DRIVE MARKET
  • 9.3 CENTRAL GATEWAY
    INCREASING TREND OF ELECTRIFICATION, AUTOMATED DRIVING, AND CONNECTED VEHICLES TO DRIVE MARKET
  • 9.4 INTELLIGENT ANTENNA
    GROWING PENETRATION OF SMARTPHONE APPLICATIONS IN CONNECTED VEHICLES TO DRIVE MARKET
  • 9.5 ELECTRONIC CONTROL UNIT
    RISING GOVERNMENT MANDATES FOR IN-VEHICLE SAFETY FEATURES TO DRIVE MARKET
  • 9.6 TELEMATICS CONTROL UNIT
    INCREASING DEVELOPMENT OF OE-FITTED TELEMATICS TO DRIVE MARKET
  • 9.7 KEYLESS ENTRY SYSTEM
    GROWING IMPLEMENTATION OF VEHICLE SECURITY SYSTEMS TO DRIVE MARKET
  • 9.8 SENSOR
    INCREASING PREFERENCE FOR SEMI-AUTONOMOUS AND AUTONOMOUS VEHICLES TO DRIVE MARKET
    PRIMARY INSIGHTS
CONNECTED CAR MARKET, BY TRANSPONDER
148
  • 10.1 INTRODUCTION
  • 10.2 ONBOARD UNIT
  • 10.3 ROADSIDE UNIT
    PRIMARY INSIGHTS
CONNECTED CAR MARKET, BY NETWORK
152
  • 11.1 INTRODUCTION
  • 11.2 OPERATIONAL DATA
  • 11.3 DEDICATED SHORT RANGE COMMUNICATION
    NEED FOR BETTER CONNECTIVITY, 3D MAPPING, AND PRECISE POSITIONING TO DRIVE MARKET
  • 11.4 CELLULAR
    4G
    - Growing integration of 5G LTE standard features to drive market
    5G
    - Rising demand for faster and seamless connections to drive market
    PRIMARY INSIGHTS
CONNECTED EV MARKET, BY VEHICLE TYPE
160
  • 12.1 INTRODUCTION
  • 12.2 BEV
    BOOMING SALES OF PREMIUM AND LUXURY ELECTRIC VEHICLES TO DRIVE MARKET
  • 12.3 PHEV
    GROWING FOCUS ON ADVANCED SAFETY AND ADAS FEATURES TO DRIVE MARKET
  • 12.4 FCEV
    INCREASING DEMAND FOR MEDIUM AND LONG-RANGE VEHICLES TO DRIVE MARKET
    PRIMARY INSIGHTS
CONNECTED CAR TECHNOLOGY, BY APPLICATION
168
  • 13.1 DATA CAPTURE AND MANAGEMENT
  • 13.2 DYNAMIC MOBILITY
  • 13.3 ROAD WEATHER MANAGEMENT
  • 13.4 REAL-TIME INFORMATION SYNTHESIS
  • 13.5 VEHICLE HEALTH MONITORING
CONNECTED CAR MARKET, BY REGION
171
  • 14.1 INTRODUCTION
  • 14.2 ASIA PACIFIC
    RECESSION IMPACT ANALYSIS
    CHINA
    - Surge in use of 5G-based telematic cars to drive market
    INDIA
    - Increasing demand for infotainment and navigation systems to drive market
    JAPAN
    - Growing collaborations between manufacturers and telecom providers to drive market
    SOUTH KOREA
    - Rising adoption of advanced connectivity solutions to drive market
    THAILAND
    - Increasing demand for efficient fleet management to drive market
    REST OF ASIA PACIFIC
  • 14.3 EUROPE
    RECESSION IMPACT ANALYSIS
    GERMANY
    - Growing inclination toward self-driving vehicles to drive market
    FRANCE
    - Increasing adoption of multiple advanced driver assistance systems features to drive market
    UK
    - Rising demand for premium vehicles to drive market
    SPAIN
    - Growing focus on road safety regulations to drive market
    ITALY
    - Increasing development of smart road infrastructure to drive market
    RUSSIA
    - Growing integration of connectivity features in premium cars to drive market
    REST OF EUROPE
  • 14.4 NORTH AMERICA
    RECESSION IMPACT ANALYSIS
    US
    - Rapid development of autonomous driving systems to drive market
    CANADA
    - Increasing launches of connected car models to drive market
    MEXICO
    - Increasing partnerships between aftermarket service providers and OEMs to drive market
  • 14.5 REST OF THE WORLD
    RECESSION IMPACT ANALYSIS
    BRAZIL
    - Growing popularity of data-driven internet services to drive market
    ARGENTINA
    - Expanding internet infrastructure to drive market
    IRAN
    - Rising incorporation of telematics features with enhanced connectivity and convenience to drive market
    OTHER COUNTRIES
    PRIMARY INSIGHTS
CONNECTED CAR MARKET, BY FORM TYPE & REGION
216
  • 15.1 INTRODUCTION
  • 15.2 ASIA PACIFIC
    CHINA
    - Growing efforts by local players for higher adoption of advanced connected car technologies to drive market
    INDIA
    - Increasing focus on stringent safety norms to drive market
    JAPAN
    - Surge in 5G network deployment to drive market
    SOUTH KOREA
    - Rising infrastructure development and government support to drive market
    THAILAND
    - Increasing trend toward used cars to drive market
    REST OF ASIA PACIFIC
  • 15.3 EUROPE
    GERMANY
    - Growing integration of artificial intelligence, machine learning, and Internet of Things in cars to drive market
    FRANCE
    - Increasing consumer demand for connected and autonomous features to drive market
    UK
    - Rising focus on safety and sustainability to drive market
    SPAIN
    - Growing innovations and technological developments in automotive sector to drive market
    ITALY
    - Increasing focus on safety features and emission-reduction technologies in vehicles to drive market
    RUSSIA
    - Rising demand for SUVs to drive market
    REST OF EUROPE
  • 15.4 NORTH AMERICA
    US
    - Growing consumer preference for in-car connectivity and entertainment systems to drive market
    CANADA
    - Rising focus on seamless smartphone integration and access to digital services to drive market
    MEXICO
    - Evolving consumer preferences toward incorporating advanced features to drive market
  • 15.5 REST OF THE WORLD
    BRAZIL
    - High investments in research & development to drive market
    ARGENTINA
    - Increasing focus on sustainable mobility to drive market
    IRAN
    - Rising government support for cleaner and more efficient transportation solutions to drive market
    OTHER COUNTRIES
COMPETITIVE LANDSCAPE
243
  • 16.1 OVERVIEW
  • 16.2 KEY PLAYER STRATEGIES
  • 16.3 MARKET SHARE ANALYSIS
  • 16.4 REVENUE ANALYSIS
  • 16.5 COMPANY EVALUATION MATRIX: KEY PLAYERS
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 16.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    STARTING BLOCKS
    DYNAMIC COMPANIES
  • 16.7 COMPANY EVALUATION MATRIX: KEY MANUFACTURERS
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
    COMPETITIVE BENCHMARKING
  • 16.8 COMPANY VALUATION
  • 16.9 FINANCIAL METRICS
  • 16.10 BRAND/PRODUCT COMPARISON
  • 16.11 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
    DEALS
    EXPANSIONS
    OTHER DEVELOPMENTS
COMPANY PROFILES
277
  • 17.1 KEY PLAYERS
    CONTINENTAL AG
    - Business overview
    - Products/Services offered
    - Recent developments
    - MnM view
    ROBERT BOSCH GMBH
    - Business overview
    - Products/Services offered
    - Recent developments
    - MnM view
    HARMAN INTERNATIONAL
    - Business overview
    - Products/Services offered
    - Recent developments
    - MnM view
    VISTEON
    - Business overview
    - Products/Services offered
    - Recent developments
    - MnM view
    AIRBIQUITY INC.
    - Business overview
    - Products/Services offered
    - MnM view
    CLOUDMADE
    - Business overview
    - Products/Services offered
    - Recent developments
    INTELLIAS
    - Business overview
    - Products/Services offered
    - Recent developments
    TESLA
    - Business overview
    - Products/Services offered
    - Recent developments
    FORD MOTOR COMPANY
    - Business overview
    - Products/Services offered
    - Recent developments
    AUDI
    - Business overview
    - Products/Services offered
    - Recent developments
    AT&T
    - Business overview
    - Products/Services offered
    - Recent developments
    QUALCOMM TECHNOLOGIES, INC.
    - Business overview
    - Products/Services offered
    VERIZON
    - Business overview
    - Products/Services offered
    TOMTOM INTERNATIONAL BV
    - Business overview
    - Products/Services offered
    SIERRA WIRELESS
    - Business overview
    - Products/Services offered
    APTIV
    - Business overview
    - Products/Services offered
    OCTO GROUP S.P.A.
    - Business overview
    - Products/Services offered
  • 17.2 OTHER PLAYERS
    PANASONIC
    TECH MAHINDRA
    MICROSOFT AZURE
    ZUBIE
    BMW
    DAIMLER AG
    TELEFONICA
    LUXOFT
    UBER TECHNOLOGIES
    NXP SEMICONDUCTORS
    GEOTAB
    RED HAT INC.
    ARGO AI
RECOMMENDATIONS BY MARKETSANDMARKETS
366
  • 18.1 ASIA PACIFIC AND EUROPE TO BE SIGNIFICANT MARKETS FOR CONNECTED CARS
  • 18.2 AFTERMARKET TO OFFER LUCRATIVE OPPORTUNITIES TO AUTOMAKERS
  • 18.3 ON-ROAD ASSISTANCE SERVICE TO EXHIBIT SIGNIFICANT GROWTH
  • 18.4 CONCLUSION
APPENDIX
368
  • 19.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 19.2 DISCUSSION GUIDE
  • 19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 19.4 CUSTOMIZATION OPTIONS
    CONNECTED CAR SERVICE MARKET, BY VEHICLE TYPE
    - BEV
    - PHEV
    - FCEV
    CONNECTED CAR MARKET, BY CELLULAR NETWORK
    - 4G/LTE
    - 5G
    CONNECTED CAR HARDWARE MARKET, BY AFTERMARKET
    - Head unit
    - Central gateway
    - Intelligent antenna
    - Electronic control unit (ECU)
    - Telematic control unit (TCU)
    - Keyless entry system
    - Sensor
  • 19.5 RELATED REPORTS
  • 19.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INCLUSIONS AND EXCLUSIONS
  • TABLE 2 CURRENCY EXCHANGE RATES
  • TABLE 3 SAFETY REGULATIONS FOR CONNECTED CARS IN US AND EUROPE
  • TABLE 4 LUXURY CAR SALES BY GERMAN BRANDS WORLDWIDE, 2021–2023 (THOUSAND UNITS)
  • TABLE 5 LUXURY CAR SALES BY GERMAN BRANDS IN CHINA, 2021–2023 (THOUSAND UNITS)
  • TABLE 6 LUXURY CAR SALES BY GERMAN BRANDS IN US, 2021–2023 (THOUSAND UNITS)
  • TABLE 7 INNOVATIONS AND PATENT REGISTRATIONS, 2021–2024
  • TABLE 8 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 9 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024
  • TABLE 10 AVERAGE SELLING PRICE TREND, BY HARDWARE, 2020–2024 (USD)
  • TABLE 11 US: CONNECTED CAR IMPORT SHARE, BY COUNTRY (%)
  • TABLE 12 UK: CONNECTED CAR IMPORT SHARE, BY COUNTRY (%)
  • TABLE 13 CHINA: CONNECTED CAR IMPORT SHARE, BY COUNTRY (%)
  • TABLE 14 NETHERLANDS: CONNECTED CAR IMPORT SHARE, BY COUNTRY (%)
  • TABLE 15 AUSTRALIA: CONNECTED CAR IMPORT SHARE, BY COUNTRY (%)
  • TABLE 16 INDIA: CONNECTED CAR IMPORT SHARE, BY COUNTRY (%)
  • TABLE 17 GERMANY: CONNECTED CAR IMPORT SHARE, BY COUNTRY (%)
  • TABLE 18 US: CONNECTED CAR EXPORT SHARE, BY COUNTRY (%)
  • TABLE 19 ITALY: CONNECTED CAR EXPORT SHARE, BY COUNTRY (%)
  • TABLE 20 FRANCE: CONNECTED CAR EXPORT SHARE, BY COUNTRY (%)
  • TABLE 21 NETHERLANDS: CONNECTED CAR EXPORT SHARE, BY COUNTRY (%)
  • TABLE 22 INDIA: CONNECTED CAR EXPORT SHARE, BY COUNTRY (%)
  • TABLE 23 GERMANY: CONNECTED CAR EXPORT SHARE, BY COUNTRY (%)
  • TABLE 24 CUMULATIVE GAIN USING 5G NEW RADIO (NR) C-V2X
  • TABLE 25 LEVEL OF AUTOMATION IN AUTONOMOUS VEHICLES
  • TABLE 26 DATA PLANS AND SERVICES OFFERED BY OEMS IN NORTH AMERICA
  • TABLE 27 DATA PLANS AND SERVICES OFFERED BY OEMS IN EUROPE
  • TABLE 28 KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 29 VEHICLE SAFETY STANDARDS, BY COUNTRY/REGION
  • TABLE 30 ADAS REGULATIONS AND INITIATIVES
  • TABLE 31 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 32 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 33 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR CONNECTED CARS, BY FORM TYPE
  • TABLE 35 KEY BUYING CRITERIA FOR CONNECTED CARS, BY FORM TYPE
  • TABLE 36 CONNECTED CAR MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 37 MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 38 CONNECTED CAR SERVICES OFFERED BY OEMS
  • TABLE 39 NAVIGATION: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 40 NAVIGATION: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 41 REMOTE DIAGNOSTICS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 42 REMOTE DIAGNOSTICS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 43 MULTIMEDIA STREAMING: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 44 MULTIMEDIA STREAMING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 45 SOCIAL MEDIA & OTHER APPS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 46 SOCIAL MEDIA & OTHER APPS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 47 OTA UPDATE: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 48 OTA UPDATE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 49 ON-ROAD ASSISTANCE: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 50 ON-ROAD ASSISTANCE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 51 E-CALL & SOS ASSISTANCE: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 52 E-CALL & SOS ASSISTANCE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 53 REMOTE OPERATION: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 54 REMOTE OPERATION: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 55 AUTO PARKING/CONNECTED PARKING: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 56 AUTO PARKING/CONNECTED PARKING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 57 AUTOPILOT: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 58 AUTOPILOT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 59 HOME INTEGRATION: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 60 HOME INTEGRATION: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 61 STOLEN VEHICLE RECOVERY/WARNING: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 62 STOLEN VEHICLE RECOVERY/WARNING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 63 MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 64 MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 65 EMBEDDED VS. INTEGRATED FORM TYPE
  • TABLE 66 EMBEDDED: MARKET, BY REGION, 2019–2023 (‘000 UNITS)
  • TABLE 67 EMBEDDED: MARKET, BY REGION, 2024–2030 (‘000 UNITS)
  • TABLE 68 INTEGRATED: MARKET, BY REGION, 2019–2023 (‘000 UNITS)
  • TABLE 69 INTEGRATED: MARKET, BY REGION, 2024–2030 (‘000 UNITS)
  • TABLE 70 MARKET, BY END MARKET, 2019–2023 (USD MILLION)
  • TABLE 71 MARKET, BY END MARKET, 2024–2030 (USD MILLION)
  • TABLE 72 OEM: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 73 OEM: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 74 AFTERMARKET: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 75 AFTERMARKET: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 76 MARKET, BY HARDWARE, 2019–2023 (USD MILLION)
  • TABLE 77 MARKET, BY HARDWARE, 2024–2030 (USD MILLION)
  • TABLE 78 HEAD UNIT: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 79 HEAD UNIT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 80 CENTRAL GATEWAY: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 81 CENTRAL GATEWAY: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 82 INTELLIGENT ANTENNA: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 83 INTELLIGENT ANTENNA: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 84 ELECTRONIC CONTROL UNIT: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 85 ELECTRONIC CONTROL UNIT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 86 TELEMATICS CONTROL UNIT: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 87 TELEMATICS CONTROL UNIT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 88 KEYLESS ENTRY SYSTEM: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 89 KEYLESS ENTRY SYSTEM: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 90 SENSOR: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 91 SENSOR: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 92 COMPANIES OFFERING ROADSIDE UNITS AND ONBOARD UNITS
  • TABLE 93 MARKET, BY NETWORK, 2019–2023 (‘000 UNITS)
  • TABLE 94 MARKET, BY NETWORK, 2024–2030 (‘000 UNITS)
  • TABLE 95 DSRC VS. CELLULAR NETWORK FOR V2X COMMUNICATION
  • TABLE 96 PARAMETERS OF PHYSICAL LAYERS
  • TABLE 97 DSRC: MARKET, BY REGION, 2019–2023 (‘000 UNITS)
  • TABLE 98 DSRC: MARKET, BY REGION, 2024–2030 (‘000 UNITS)
  • TABLE 99 DSRC VS. C-V2X PERFORMANCE
  • TABLE 100 V2X STANDARDS FOR VARIOUS COMMUNICATION RANGES
  • TABLE 101 CELLULAR: MARKET, BY REGION, 2019–2023 (‘000 UNITS)
  • TABLE 102 CELLULAR: MARKET, BY REGION, 2024–2030 (‘000 UNITS)
  • TABLE 103 CONNECTED EV MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)
  • TABLE 104 CONNECTED EV MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 105 BEV: CONNECTED EV MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 106 BEV: CONNECTED EV MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 107 PHEV: CONNECTED EV MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 108 PHEV: CONNECTED EV MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 109 FCEV: CONNECTED EV MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 110 FCEV: CONNECTED EV MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 111 MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 112 MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 113 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 114 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 115 CHINA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 116 CHINA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 117 INDIA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 118 INDIA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 119 JAPAN: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 120 JAPAN: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 121 SOUTH KOREA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 122 SOUTH KOREA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 123 THAILAND: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 124 THAILAND: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 125 REST OF ASIA PACIFIC: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 126 REST OF ASIA PACIFIC: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 127 EUROPE: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 128 EUROPE: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 129 GERMANY: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 130 GERMANY: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 131 FRANCE: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 132 FRANCE: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 133 UK: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 134 UK: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 135 SPAIN: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 136 SPAIN: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 137 ITALY: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 138 ITALY: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 139 RUSSIA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 140 RUSSIA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 141 REST OF EUROPE: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 142 REST OF EUROPE: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 143 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 144 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 145 US: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 146 US: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 147 CANADA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 148 CANADA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 149 MEXICO: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 150 MEXICO: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 151 REST OF THE WORLD: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 152 REST OF THE WORLD: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 153 BRAZIL: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 154 BRAZIL: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 155 ARGENTINA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 156 ARGENTINA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 157 IRAN: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 158 IRAN: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 159 OTHER COUNTRIES: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 160 OTHER COUNTRIES: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 161 MARKET, BY FORM TYPE & REGION, 2019–2023 (‘000 UNITS)
  • TABLE 162 MARKET, BY FORM TYPE & REGION, 2024–2030 (‘000 UNITS)
  • TABLE 163 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (‘000 UNITS)
  • TABLE 164 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (‘000 UNITS)
  • TABLE 165 CHINA: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 166 CHINA: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 167 INDIA: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 168 INDIA: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 169 JAPAN: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 170 JAPAN: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 171 SOUTH KOREA: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 172 SOUTH KOREA: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 173 THAILAND: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 174 THAILAND: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 175 REST OF ASIA PACIFIC: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 176 REST OF ASIA PACIFIC: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 177 EUROPE: MARKET, BY COUNTRY, 2019–2023 (‘000 UNITS)
  • TABLE 178 EUROPE: MARKET, BY COUNTRY, 2024–2030 (‘000 UNITS)
  • TABLE 179 GERMANY: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 180 GERMANY: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 181 FRANCE: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 182 FRANCE: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 183 UK: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 184 UK: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 185 SPAIN: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 186 SPAIN: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 187 ITALY: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 188 ITALY: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 189 RUSSIA: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 190 RUSSIA: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 191 REST OF EUROPE: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 192 REST OF EUROPE: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 193 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (‘000 UNITS)
  • TABLE 194 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (‘000 UNITS)
  • TABLE 195 US: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 196 US: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 197 CANADA: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 198 CANADA: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 199 MEXICO: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 200 MEXICO: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 201 REST OF THE WORLD: MARKET, BY COUNTRY, 2019–2023 (‘000 UNITS)
  • TABLE 202 REST OF THE WORLD: MARKET, BY COUNTRY, 2024–2030 (‘000 UNITS)
  • TABLE 203 BRAZIL: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 204 BRAZIL: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 205 ARGENTINA: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 206 ARGENTINA: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 207 IRAN: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 208 IRAN: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 209 OTHER COUNTRIES: MARKET, BY FORM TYPE, 2019–2023 (‘000 UNITS)
  • TABLE 210 OTHER COUNTRIES: MARKET, BY FORM TYPE, 2024–2030 (‘000 UNITS)
  • TABLE 211 KEY PLAYERS STRATEGIES
  • TABLE 212 MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 213 MARKET: END MARKET FOOTPRINT, 2023
  • TABLE 214 MARKET: HARDWARE FOOTPRINT, 2023
  • TABLE 215 MARKET: REGION FOOTPRINT, 2023
  • TABLE 216 CONNECTED CAR MANUFACTURERS: SERVICE FOOTPRINT, 2023
  • TABLE 217 CONNECTED CAR MANUFACTURERS: REGION FOOTPRINT, 2023
  • TABLE 218 CONNECTED CAR MANUFACTURERS: FORM TYPE FOOTPRINT, 2023
  • TABLE 219 MARKET: KEY STARTUPS/SMES
  • TABLE 220 MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
  • TABLE 221 MARKET: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS, JANUARY 2021–APRIL 2024
  • TABLE 222 MARKET: DEALS, JANUARY 2021–APRIL 2024
  • TABLE 223 MARKET: EXPANSIONS, JANUARY 2021–APRIL 2024
  • TABLE 224 MARKET: OTHER DEVELOPMENTS, JANUARY 2021–MARCH 2024
  • TABLE 225 CONTINENTAL AG: COMPANY OVERVIEW
  • TABLE 226 CONTINENTAL AG: PRODUCTS/SERVICES OFFERED
  • TABLE 227 CONTINENTAL AG: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 228 CONTINENTAL AG: DEALS
  • TABLE 229 CONTINENTAL AG: EXPANSIONS
  • TABLE 230 CONTINENTAL AG: OTHER DEVELOPMENTS
  • TABLE 231 ROBERT BOSCH GMBH: COMPANY OVERVIEW
  • TABLE 232 ROBERT BOSCH GMBH: PRODUCTS/SERVICES OFFERED
  • TABLE 233 ROBERT BOSCH GMBH: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 234 ROBERT BOSCH GMBH: DEALS
  • TABLE 235 ROBERT BOSCH GMBH: OTHER DEVELOPMENTS
  • TABLE 236 HARMAN INTERNATIONAL: COMPANY OVERVIEW
  • TABLE 237 HARMAN INTERNATIONAL: PRODUCTS/SERVICES OFFERED
  • TABLE 238 HARMAN INTERNATIONAL: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 239 HARMAN INTERNATIONAL: DEALS
  • TABLE 240 HARMAN INTERNATIONAL: OTHER DEVELOPMENTS
  • TABLE 241 VISTEON: COMPANY OVERVIEW
  • TABLE 242 VISTEON: PRODUCTS/SERVICES OFFERED
  • TABLE 243 VISTEON: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 244 VISTEON: DEALS
  • TABLE 245 VISTEON: OTHER DEVELOPMENTS
  • TABLE 246 AIRBIQUITY INC.: COMPANY OVERVIEW
  • TABLE 247 AIRBIQUITY INC.: PRODUCTS/SERVICES OFFERED
  • TABLE 248 AIRBIQUITY INC.: DEALS
  • TABLE 249 AIRBIQUITY INC.: OTHER DEVELOPMENTS
  • TABLE 250 CLOUDMADE: COMPANY OVERVIEW
  • TABLE 251 CLOUDMADE: PRODUCTS/SERVICES OFFERED
  • TABLE 252 CLOUDMADE: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 253 CLOUDMADE: DEALS
  • TABLE 254 CLOUDMADE: EXPANSIONS
  • TABLE 255 CLOUDMADE: OTHER DEVELOPMENTS
  • TABLE 256 INTELLIAS: COMPANY OVERVIEW
  • TABLE 257 INTELLIAS: PRODUCTS/SERVICES OFFERED
  • TABLE 258 INTELLIAS: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 259 INTELLIAS: DEALS
  • TABLE 260 INTELLIAS: OTHER DEVELOPMENTS
  • TABLE 261 TESLA: COMPANY OVERVIEW
  • TABLE 262 TESLA: PRODUCTS/SERVICES OFFERED
  • TABLE 263 TESLA: DEALS
  • TABLE 264 FORD MOTOR COMPANY: COMPANY OVERVIEW
  • TABLE 265 FORD MOTOR COMPANY: PRODUCTS/SERVICES OFFERED
  • TABLE 266 FORD MOTOR COMPANY: DEALS
  • TABLE 267 FORD MOTOR COMPANY: OTHER DEVELOPMENTS
  • TABLE 268 AUDI: COMPANY OVERVIEW
  • TABLE 269 AUDI: PRODUCTS/SERVICES OFFERED
  • TABLE 270 AUDI: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 271 AUDI: DEALS
  • TABLE 272 AUDI: EXPANSIONS
  • TABLE 273 AT&T: COMPANY OVERVIEW
  • TABLE 274 AT&T: PRODUCTS/SERVICES OFFERED
  • TABLE 275 AT&T: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 276 AT&T: DEALS
  • TABLE 277 AT&T: OTHER DEVELOPMENTS
  • TABLE 278 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW
  • TABLE 279 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SERVICES OFFERED
  • TABLE 280 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES/DEVELOPMENTS /ENHANCEMENTS
  • TABLE 281 QUALCOMM TECHNOLOGIES, INC.: DEALS
  • TABLE 282 QUALCOMM TECHNOLOGIES, INC.: OTHER DEVELOPMENTS
  • TABLE 283 VERIZON: COMPANY OVERVIEW
  • TABLE 284 VERIZON: PRODUCTS/SERVICES OFFERED
  • TABLE 285 VERIZON: DEALS
  • TABLE 286 TOMTOM INTERNATIONAL BV: COMPANY OVERVIEW
  • TABLE 287 TOMTOM INTERNATIONAL BV: PRODUCTS/SERVICES OFFERED
  • TABLE 288 TOMTOM INTERNATIONAL BV: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 289 TOMTOM INTERNATIONAL BV: DEALS
  • TABLE 290 TOMTOM INTERNATIONAL BV: OTHER DEVELOPMENTS
  • TABLE 291 SIERRA WIRELESS: COMPANY OVERVIEW
  • TABLE 292 SIERRA WIRELESS: PRODUCTS/SERVICES OFFERED
  • TABLE 293 SIERRA WIRELESS: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 294 SIERRA WIRELESS: DEALS
  • TABLE 295 SIERRA WIRELESS: OTHER DEVELOPMENTS
  • TABLE 296 APTIV: COMPANY OVERVIEW
  • TABLE 297 APTIV: PRODUCTS/SERVICES OFFERED
  • TABLE 298 APTIV: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 299 APTIV: DEALS
  • TABLE 300 APTIV: EXPANSIONS
  • TABLE 301 OCTO GROUP S.P.A.: COMPANY OVERVIEW
  • TABLE 302 OCTO GROUP S.P.A.: PRODUCTS/SERVICES OFFERED
  • TABLE 303 OCTO GROUP S.P.A.: PRODUCT LAUNCHES/DEVELOPMENTS/ENHANCEMENTS
  • TABLE 304 OCTO GROUP S.P.A.: DEALS
  • TABLE 305 PANASONIC: COMPANY OVERVIEW
  • TABLE 306 TECH MAHINDRA: COMPANY OVERVIEW
  • TABLE 307 MICROSOFT AZURE: COMPANY OVERVIEW
  • TABLE 308 ZUBIE: COMPANY OVERVIEW
  • TABLE 309 BMW: COMPANY OVERVIEW
  • TABLE 310 DAIMLER AG: COMPANY OVERVIEW
  • TABLE 311 TELEFONICA: COMPANY OVERVIEW
  • TABLE 312 LUXOFT: COMPANY OVERVIEW
  • TABLE 313 UBER TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 314 NXP SEMICONDUCTORS: COMPANY OVERVIEW
  • TABLE 315 GEOTAB: COMPANY OVERVIEW
  • TABLE 316 RED HAT INC.: COMPANY OVERVIEW
  • TABLE 317 ARGO AI: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 CONNECTED CAR MARKET SEGMENTATION
  • FIGURE 2 RESEARCH DESIGN
  • FIGURE 3 RESEARCH PROCESS FLOW
  • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 6 BOTTOM-UP APPROACH, BY FORM TYPE
  • FIGURE 7 BOTTOM-UP APPROACH, BY SERVICE
  • FIGURE 8 TOP-DOWN APPROACH
  • FIGURE 9 RESEARCH DESIGN AND METHODOLOGY
  • FIGURE 10 DATA TRIANGULATION
  • FIGURE 11 MARKET OVERVIEW
  • FIGURE 12 EMBEDDED SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 13 INCREASING DEMAND FOR ENHANCED USER COMFORT, SAFETY, AND CONVENIENCE TO DRIVE MARKET
  • FIGURE 14 EMBEDDED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 15 OTA UPDATE SEGMENT TO BE DOMINANT DURING FORECAST PERIOD
  • FIGURE 16 AFTERMARKET TO HOLD LARGER MARKET SHARE THAN OEM SEGMENT DURING FORECAST PERIOD
  • FIGURE 17 ELECTRONIC CONTROL UNIT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 18 CELLULAR TO REGISTER HIGHER CAGR THAN DSRC SEGMENT DURING FORECAST PERIOD
  • FIGURE 19 FCEV SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 20 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE IN MARKET IN 2024
  • FIGURE 21 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 22 EVOLUTION OF AUTOMATED SAFETY TECHNOLOGIES
  • FIGURE 23 AUTOMOTIVE ADAS MARKET, BY REGION, 2024 VS. 2030 (THOUSAND UNITS)
  • FIGURE 24 GLOBAL FUEL ECONOMY AND CO2 EMISSION DATA, 2016–2025
  • FIGURE 25 AUTOMOTIVE USAGE-BASED INSURANCE MARKET, 2023 VS. 2028 (USD BILLION)
  • FIGURE 26 AUTOMOTIVE TELEMATICS MARKET, 2024 VS. 2030 (USD MILLION)
  • FIGURE 27 5G INFRASTRUCTURE MARKET, 2023 VS. 2027 (USD MILLION)
  • FIGURE 28 AUTOMOTIVE 5G TELEMATICS MARKET, 2024 VS. 2030 (THOUSAND UNITS)
  • FIGURE 29 AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET, 2024 VS. 2030 (USD BILLION)
  • FIGURE 30 SAE AUTOMATION LEVELS
  • FIGURE 31 L3 AND L4 AUTONOMOUS CAR MARKET, 2023 VS. 2026 VS. 2030 (THOUSAND UNITS)
  • FIGURE 32 RIDE-SHARING MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)
  • FIGURE 33 AUTOMOTIVE CYBERSECURITY MARKET, 2023–2028 (USD BILLION)
  • FIGURE 34 SMART MOBILITY ATTACK VENDORS
  • FIGURE 35 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 36 PATENT PUBLICATION TRENDS, 2019–2023
  • FIGURE 37 LEGAL STATUS OF PATENTS, 2014–2023
  • FIGURE 38 TOP PATENT APPLICANTS, 2014–2023
  • FIGURE 39 ECOSYSTEM ANALYSIS
  • FIGURE 40 CAR SUBSCRIPTION VS. IN-CAR SUBSCRIPTION
  • FIGURE 41 CAR SUBSCRIPTION LANDSCAPE
  • FIGURE 42 SUPPLY CHAIN ANALYSIS
  • FIGURE 43 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024 (USD)
  • FIGURE 44 AVERAGE SELLING PRICE TREND, BY HARDWARE, 2020–2024 (USD)
  • FIGURE 45 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF CONNECTED CARS, BY FORM TYPE
  • FIGURE 46 KEY BUYING CRITERIA FOR CONNECTED CARS, BY FORM TYPE
  • FIGURE 47 INVESTMENT AND FUNDING SCENARIO, 2021–2024
  • FIGURE 48 MARKET, BY SERVICE, 2024 VS. 2030 (USD MILLION)
  • FIGURE 49 MARKET, BY FORM TYPE, 2024 VS. 2030 (THOUSAND UNITS)
  • FIGURE 50 MARKET, BY END MARKET, 2024 VS. 2030 (USD MILLION)
  • FIGURE 51 MARKET, BY HARDWARE, 2024 VS. 2030 (USD MILLION)
  • FIGURE 52 MARKET, BY NETWORK, 2024 VS. 2030 (‘000 UNITS)
  • FIGURE 53 CONNECTED EV MARKET, BY VEHICLE TYPE, 2024 VS. 2030 (USD MILLION)
  • FIGURE 54 MARKET, BY REGION, 2024 VS. 2030 (USD MILLION)
  • FIGURE 55 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 56 EUROPE: MARKET, BY COUNTRY, 2024 VS. 2030 (USD MILLION)
  • FIGURE 57 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 58 REST OF THE WORLD: MARKET, BY COUNTRY, 2024 VS. 2030 (USD MILLION)
  • FIGURE 59 MARKET, BY FORM TYPE & REGION, 2024 VS. 2030 (‘000 UNITS)
  • FIGURE 60 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 61 EUROPE: MARKET, 2024 VS. 2030 (‘000 UNITS)
  • FIGURE 62 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 63 REST OF THE WORLD: MARKET, 2024 VS. 2030 (‘000 UNITS)
  • FIGURE 64 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
  • FIGURE 65 REVENUE ANALYSIS OF KEY PLAYERS, 2021–2023
  • FIGURE 66 CONNECTED CAR MARKET: COMPANY FOOTPRINT, 2023
  • FIGURE 67 CONNECTED CAR MARKET: COMPANY EVALUATION MATRIX, 2023
  • FIGURE 68 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
  • FIGURE 69 CONNECTED CAR MANUFACTURERS: COMPANY FOOTPRINT, 2023
  • FIGURE 70 CONNECTED CAR MANUFACTURERS: COMPANY EVALUATION MATRIX, 2023
  • FIGURE 71 COMPANY VALUATION, 2023 (USD BILLION)
  • FIGURE 72 FINANCIAL METRICS, 2023 (USD BILLION)
  • FIGURE 73 BRAND/PRODUCT COMPARISON
  • FIGURE 74 CONTINENTAL AG: COMPANY SNAPSHOT
  • FIGURE 75 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
  • FIGURE 76 HARMAN INTERNATIONAL: COMPANY SNAPSHOT
  • FIGURE 77 VISTEON: COMPANY SNAPSHOT
  • FIGURE 78 CLOUDMADE: COMPANY SNAPSHOT
  • FIGURE 79 TESLA: COMPANY SNAPSHOT
  • FIGURE 80 FORD MOTOR COMPANY: COMPANY SNAPSHOT
  • FIGURE 81 AUDI: COMPANY SNAPSHOT
  • FIGURE 82 AT&T: COMPANY SNAPSHOT
  • FIGURE 83 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
  • FIGURE 84 VERIZON COMMUNICATIONS: COMPANY SNAPSHOT
  • FIGURE 85 TOMTOM INTERNATIONAL BV: COMPANY SNAPSHOT
  • FIGURE 86 SIERRA WIRELESS: COMPANY SNAPSHOT
  • FIGURE 87 APTIV: COMPANY SNAPSHOT

 

Various secondary sources, directories, and databases have been used to identify and collect information for an extensive connected car market study. The study involved four main activities in estimating the current size of the market: secondary research, validation through primary research, assumptions, and market analysis. Exhaustive secondary research was carried out to collect information on the market, such as the number of hardware used in cars, the number of on-board units installed in the vehicles, subscription cost from different service providers, annual renewal percentage of connected car service in bundles/subscriptions and upcoming technologies and trends. The next step was to validate these findings, assumptions, and market analysis with industry experts across the value chain through primary research. The top-down approach was employed to estimate the complete market size for different segments considered in this study.

Secondary Research

In the secondary research process, various secondary sources, such as company annual reports, presentations, and press releases; associations, such as Organisation Internationale des Constructeurs d'Automobiles (OICA), the International Energy Agency (IEA), European Automobile Manufacturers’ Association, Canadian Automobile Association (CAA), country-level automotive associations and trade organizations, and the US Department of Transportation (DOT); industry association publications, such as publications of OEMs’ vehicle sales; connected car magazine articles, directories, and technical handbooks; World Economic Outlook; trade websites, and technical articles, were used to identify and collect information useful for an extensive commercial study of the global connected car market.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included 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.

Various sources from both the supply and demand sides were interviewed in the primary research process to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as research and development experts, CEOs, CTOs, COOS, vice presidents, marketing directors, technology and innovation directors, and related key executives from different vital companies operating in the connected car market.

After the complete market engineering, which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation, extensive primary research has been conducted to gather information and verify and validate the critical numbers arrived at. Primary research has also been undertaken to identify and validate the segmentation, industry trends, key players, competitive landscape, and market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies. Extensive qualitative and quantitative analysis has been performed on the complete market engineering process to list key information/insights throughout the 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 and the in-house subject matter expert's opinions have led us to the conclusions described in this report's remainder.

Connected Car Market Size, and Share

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

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value and volume of the connected car market and other dependent submarkets, as mentioned below:

  • The market size, by volume, of the market has been derived by studying various vehicle models equipped with connected car services at the country level.
  • In terms of volume, the regional-level market by vehicle type has been multiplied by the regional-level average selling price (ASP) for each service type to get the market for each service in terms of value.
  • All vehicle level penetration rates, percentage shares, splits, and breakdowns for the market were determined using secondary sources and verified through primary sources.
  • The summation of the regional-level market would give the global market by vehicle type. The total value of each region was then summed up to derive the total value of the market by service type.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.
  • The gathered market data has been consolidated and added with detailed inputs, analyzed, and presented in this report.
  • The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, of the connected car market has been derived by studying various vehicles.

Connected Car Market Size: Bottom-Up Approach (Form Type And Region)

Connected Car Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Connected Car Market Top Down Approach

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and enhanced with detailed input and analysis and presented in the report. The following figure illustrates this study's overall market size estimation process.

Market Definition

Definition: According to Geotab, a connected car is a vehicle that is equipped with mobile technology and, therefore, “connected” via the internet. Telematics is also used to connect cars using a small device that plugs into the vehicle or through embedded technology. The telematics device acts as an Internet of Things (IoT) hub that sends vehicle data to a cloud service, which can be processed and accessed by the vehicle owner or fleet manager.

According to Bosch, a connected vehicle is defined as one that has devices that use sensors and wireless connectivity to connect with other components within the vehicle and with networks outside it to provide an enhanced driving experience. It also supports vehicle-to-vehicle and vehicle-to-infrastructure communication.

Stakeholders

  • Connected car manufacturers.
  • Automotive electronic component and software suppliers
  • Automotive original equipment manufacturers (OEMs)
  • Government regulatory bodies
  • Telecommunication companies
  • Automotive testing and certification services
  • Automotive aftermarket suppliers
  • Fleet management companies.
  • Satellite communication providers
  • Insurance companies
  • Cybersecurity firms

Report Objectives

  • To define, describe, segment, and forecast the connected car market in terms of volume (thousand units) and value (USD million)
  • To segment and forecast the market in terms of value and volume based on
    • By service (navigation, remote diagnostics, multimedia streaming, social media & other apps, OTA updates, on-road assistance, eCall & SOS assistance, remote operation, auto parking/connected parking, autopilot, home integration, and stolen vehicle recovery/warning) at the regional level, in terms of value at the regional level
    • By end market (OEM and aftermarket), in terms of value at the regional level
    • By form type (embedded and integrated), in terms of volume at the regional level
    • By hardware (head unit, central gateway, intelligent antenna, electronic control unit, telematics control unit, keyless entry system, and sensor), in terms of value at the regional level
    • By transponder (onboard unit and roadside unit), in terms of volume at the regional level
    • By network (DSRC and cellular) at the regional level, in terms of volume
    • By connecting the electric car market based on vehicle type (BEV, PHEV, and FCEV) in terms of value at the regional level
    • Region ((Asia Pacific, Europe, North America, and Rest of the World (RoW))
  • To understand the market dynamics (Drivers, Restraints, Opportunities, and Challenges) and conduct Patent Analysis, Pricing Analysis, Recession Impact, Key Buying Criteria, Trade Analysis, Technology Analysis, ASP Analysis, Trades and Conferences, Case Study Analysis, Supply Chain Analysis, Regulatory Analysis, critical conference and events, and Ecosystem Mapping
  • To understand the dynamics of the market players and distinguish them into stars, emerging leaders, pervasive players, and participants according to their product portfolio strength and business strategies.
  • To strategically analyze markets concerning individual growth trends, prospects, and contributions to the total market
  • To analyze recent developments, such as partnerships, supply agreements, joint ventures/mergers and acquisitions, geographic expansions, and product developments of key players in the market

Available Customizations

Connected Car Service Market By Vehicle Type

  • BEV
  • PHEV
  • FCEV

Connected Car Market, By Cellular Network

  • 2.14G/LTE
  • 5G

Connected Car Hardware Market, By Aftermarket

  • Head unit
  • Central gateway
  • Intelligent Antenna
  • Electronic Control Unit (ECU)
  • Telematic control unit (TCU)
  • Keyless entry system
  • Sensor

Detailed Analysis And Profiling Of Additional Market Players (Up To 3)

Previous Versions of this Report

Connected Car Market by Service ICE & EV (OTA, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration), Form, Market (OE, Aftermarket), Network, Transponder, Hardware and Region - Global Forecast to 2026

Report Code AT 5974
Published in Dec, 2021, By MarketsandMarkets™

Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware and Region - Global Forecast to 2025

Report Code AT 5974
Published in Jul, 2020, By MarketsandMarkets™

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

Report Code AT 5974
Published in Nov, 2019, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Connected Car Market

User

Aug, 2019

I am mainly interested in the way the autonomous vehicles will develop in the near future in terms of market size/value and technologies used. I am also interested in exploring the main players in the autonomous vehicle market now and in the near future. Hope that gives a better understanding..

User

Aug, 2019

Growth of the connected car market - Investments in entertainment software for connected cars, in particular new 3D sound systems.

User

Aug, 2019

Growth of the connected car market - Investments in entertainment software for connected cars, in particular new 3D sound systems.

Apoorv

Jun, 2019

As an SW consultant, I would like to present customers how the connected car market would be in the future and what should be prepared. .

Ajinkya

Jun, 2019

From reading the brief description, I get the sense that Connected Services are going to be the largest drivers of the annual growth rate of connected cars. As with any other new services, most of these new connected services need to break the "lack of adoption" barrier (as witnessed by mobile wallet industry). With high numbers of vehicles (in USA) on the road now (existing, non-connected cars), how do we expect the consumers to quickly adopt to the new connected services? Can we leverage some of the existing technologies and provide the "convenience" of driving to the existing consumers of non-connected cars? In a way, get them used to the newfound convenience which encourages them to adopt to new connected services after they buy a new "connected" cars. This is exactly what we are trying to address in our company. We would like to leverage the details in this report and make a case for an accelerated adoption roadmap for connected services.Thank you.

Akshit

Jun, 2019

Developing / selling end-to-end connected vehicles solution. Client (consumer and industrial) applications developed by ourselves or third parties on car sharing, taxi dispatching, bus dispatching, etc. .

Atul

Jun, 2019

Looking to understand what market sizing for digital engagement (advertising and personalization) in the connected car is projected for the next 5 or so years..

Akshit

Jun, 2019

Amply provides fleet charging as a service to connected cars / fleets. Need to understand the addressable market.

Akshit

Jun, 2019

Amply provides fleet charging as a service to connected cars / fleets. Need to understand the addressable market.

User

Apr, 2019

sdsaf.

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