Report Id: TMCCM117
Global Connected Cars Market, By Technology (2G, 3G, 4G, GNSS), By Connectivity (Embedded, Integrated, Tethered), By Applications (Location Based, Infotainment & HMI, Safety & Security, Convenience, Driver Assistance), By Regions – Trends & Forecast: 2022-2027
The market revenue is estimated to reach $ 1140 billion by 2027,” The connected cars market is growing rapidly with the CAGR of 33.5% during the period 2022-2027.
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Major Players
- General Motors Company
- Google Inc
- Tesla Motors Inc
- Audi AG
- BMW AG
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
33
REPORT DESCRIPTION
The connected car, which once was a concept and limited to science fiction movies, is a reality today. Cars are extremely well connected these days and with extensive embedded hardware components combined with smart connectivity capabilities use an array of protocols to deliver key electronic, monitoring and diagnostic functions. It is now the hottest market where everybody is trying to be a part of it considering enormous potential the market holds. The global connected car market is a very fragmented market and it is in a growing stage, where many stakeholders of the eco-system are forging strategic collaborations to create connected car solutions.
The market revenue is estimated to reach $ 1140 billion by 2027,” The connected cars market is growing rapidly with the CAGR of 33.5% during the period 2022-2027.
The market is growing due to increase in safety reasons and need for driver assistance. Market Dynamics Drivers Consumers Want Digital Services and Safety Features Government Regulations Standards Vehicle Manufacturers See Additional Revenue Streams Restraints Security Concerns Cost Concerns Opportunities New Market for Mobile Network Operators Emerging Domain for Cloud Providers Target Marketing The global connected car applications market is divided into Location Based Applications, Infotainment & HMI, Safety & Security, Convenience, Driver Assistance, and Others. Safety & Security application contributes the most to the applications market.
Government initiatives and customers are concerned about overall safety, and accident is the major driving force behind customers adopting cars enabled with connectivity. The global connected car regions market is divided into North America, Western Europe, Asia-Pacific, Central Eastern Europe (CEE), Middle East & Africa and Latin America. North America has the most matured connected market owing to its extensive infrastructure and the number of companies investing in the market. Western Europe, now, is the second hottest market for connected cars as the government regulations such as mandate of eCall will drive more investments into the market.
In the next forecasted years, connected cars market will see innovative revenue models and evolution of standardized platforms. This would considerably increase security measures; reduce cost of the connected cars. The report provides unique insights into an in-depth analysis of global connected cars market, drivers and restraints as well as growth opportunities. It also contains analysis and forecast revenues, competitive landscape, company profiles and industry trends.
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Connected Car Market
4.2 Connectivity ICS are Expected to Grow With the Highest Rate During the Forecast Period
4.3 Wi-Fi ICS are Expected to Grow at the Highest Rate During 2018-2024
4.4 Snapshot of the Connected Car Market By Application and Geography
4.5 U.S. Held the Largest Share of the Connected Car Market in 2015
5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 Connected Car Market, By Hardware
5.3.2 Market, By Application
5.3.3 Market, By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Regularity Mandates on Connected Car Modules
5.4.1.2 Growing Demand for Smartphone Features in Cars
5.4.1.3 Vehicle Data Updates Would Detect Any Defect and Help Manufacturers to Recall Vehicles in Time
5.4.2 Restraints
5.4.2.1 Network Coverage Limitation
5.4.2.2 Cybercriminals Could Gain Access to the Customer’s Data and Use This Information for Unscrupulous Activities
5.4.3 Opportunities
5.4.3.1 Connected Car is A Stepping Stone for Autonomous Vehicles
5.4.3.2 Insurance Rate Vary as Per Usage
5.4.3.3 Consumer Electronics Providers Could Offer Telematics and Infotainment Equipment at A Cheaper Cost
5.4.4 Challenges
5.4.4.1 Disparity of Product Design Cycle Between Oems, Embedded Solutions of Cars and Smartphones
5.4.4.2 Need to Reduce the Cost of Telematics and Infotainment Equipment and Services
5.4.5 Winning Imperative
5.4.5.1 Creating an Ecosystem Through Cross-Industry Partnerships Between Oems, Technology Companies, and Mobile Network Operators
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 The Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Impact of Using Artificial Intelligence in Connected Car
6.5 Introduction of 5G in Connected Car
6.5.1 Vehicle-To-Vehicle (V2V)
6.5.2 Vehicle-To-Infrastructure (V2I)
6.5.3 Vehicle-To-Pedestrian (V2P)
6.5.4 Vehicle-To-Network (V2N)
6.5.5 Advanced Driver Assistance System (ADAS)
6.5.6 Automated Driving
6.5.7 Autonomous Driving
6.5.8 Road Safety and Traffic Efficiency
6.5.9 Digital Logistics
6.5.10 Intelligent Navigation
7 Connected Car Market, By Hardware
7.1 Introduction
7.2 Hardware
7.3 Semiconductor Components
7.3.1 Microcontrollers
7.3.2 FPGAS
7.3.3 DSPS
7.3.4 Memory Chips
7.4 Connectivity ICS
7.4.1 Cellular
7.4.1.1 2G
7.4.1.2 3G
7.4.1.3 4G LTE
7.4.1.4 5G
7.4.2 Wi-Fi
7.4.3 Bluetooth
7.4.4 Other Connectivity Technologies
8 Connected Car Market, By Application
8.1 Introduction
8.2 Telematics
8.2.1 Emergency Calling
8.2.2 Vehicle Diagnosis and Maintenance Notifications
8.2.3 Driver Behaviour Analysis
8.2.4 Predictive Maintenance
8.2.5 Fleet Management
8.2.6 Forward Hazard Warning
8.2.7 Curve Speed Warning
8.2.8 Overtake Vehicle Warning
8.2.9 Parking Management System
8.2.10 Dynamic Mobility
8.2.11 Traffic Control System
8.2.12 Usage-Based Insurance
8.3 Infotainment
8.3.1 GPS Navigation
8.3.2 Entertainment
8.4 Combined Telematics & Infotainment
9 Geographical Analysis
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Russia
9.3.5 Italy
9.3.6 Spain
9.3.7 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.4.5 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 South America
9.5.2 Middle East & South Africa
10 Competitive Landscape
10.1 Overview
10.2 Key Players in Connected Car Market
10.3 Competitive Situation and Trends
10.3.1 New Product Launches and Developments
10.3.2 Partnerships, Agreements, and Collaborations
10.3.3 Mergers and Acquisitions
10.3.4 Other Developments
11 Company Profiles
11.1 Introduction
11.2 General Motors Company
11.3 Google, Inc.
11.4 Tesla Motors, Inc.
11.5 Audi AG
11.6 BMW AG
11.7 Volvo Car Corporation
11.8 Delphi Automotive PLC
11.9 Robert Bosch GmbH
11.10 Vodafone Group PLC.
11.11 AT&T, Inc.
11.12 Denso Corporation
11.13 Airbiquity, Inc
11.14 Wirelesscar
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Connected Cars Market?
The market is expected to grow at a CAGR of 33.5% during the study period (2022-2027)
How big is the Connected Cars Market value?
The market revenue is estimated to reach $ 1140 billion by 2027.
What is the segment’s covered for the Connected Cars Market
The segment included in Connected Cars Market is Hardware Application and region.
Who are the major key vendors in the Connected Cars Market?
Some key players operating in the Connected Cars Market include General Motors Company , Google, Inc. , Tesla Motors, Inc. , Audi AG , BMW AG
What are the different forms of the report available?
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