SHARE
Connected Car Market

Connected Car Market Forecasts to 2028 – Global Analysis By Platform (Mirrorlink, Carplay), Transponder (Roadside, Onboard), Network (Cellular, DSRC), Application (Navigation, Entertainment) and By Geography

4.2 (45 reviews)
Published: October 2021 ID: SMRC21075
4.2 (45 reviews)
Published: October 2021 ID: SMRC21075

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Connected Car Market is accounted for $73.81 billion in 2020 and is expected to reach $298.81 billion by 2028 growing at a CAGR of 19.1% during the forecast period. Reduction in fuel consumption, increasing popularity of automation and rise in trend of connectivity solutions are driving the market growth. However, lack of infrastructure and threat of data hacking is hampering the growth of the market.

Connected car is a vehicle that can communicate bidirectionally with other systems outside of the car equipped with internet access, as well as have the ability to optimize their operations at regular intervals. Connected cars not only connect with people and services, they can also connect with each other and the road infrastructure.

Based on the form, the embedded segment is going to have lucrative growth during the forecast period due to the adoption of the embedded connectivity solution, such as eCall and remote diagnostics by increasing number of automakers to meet the regulatory compliances are favoring the segment growth.

By geography, North America is going to have high growth during the forecast period due to the increasing vehicle safety and security norms, demand for vehicle-to-vehicle (V2V) connectivity technology, and incorporation of IoT in the automotive industry. Favorable regulation imposed by the US government to curb vehicle collision is favoring the adoption of connected cars.

Some of the key players profiled in the Connected Car Market include Continental AG, Airbiquity Inc, Bosch, Qualcomm Technologies, Inc., Audi AG, BMW Group, Samsung Electronics, Vodafone Group Plc, Intellias Ltd., Daimler AG, NXP Semiconductors N.V., Toyota Motor Corporation, DENSO Corporation and Harman International Industries.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 73.81 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

19.1%

Predicted 2028 Value:

USD 298.81billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

429

Chapters Covered:

Hardware, Form, Platform, Communication Type, Transponder, Network, Service, Application, Sales Channel and Region

Core Drivers and Opportunities:

  • Increasing popularity of automation
  • Rise in trend of connectivity solutions

Restraining Factors & Market Threats:

  • Lack of infrastructure
  • Threat of data hacking


Hardware’s Covered:
• Processors
• Display
• Sensors
• Wireless Modules
• Central Gateway (CGW)
• Electronic Control Unit (ECU)
• Keyless Entry Systems
• Head Unit
• Intelligent Antenna
• Telematic Control Unit (TCU)   

Forms Covered:
• Operational Data
• Tethered
• Integrated
• Embedded

Platforms Covered:
• Mirrorlink
• Android Auto
• Carplay

Communication Types Covered:
• Vehicle-to-Vehicle(V2V)
• Vehicle-to-Device(V2D)
• Vehicle-to-Infrastructure(V2I)

Transponders Covered:
• Roadside Unit
• Onboard Unit

Networks Covered:
• Cellular
• Dedicated Short Range Communication (DSRC)

Services Covered:
• Multimedia Streaming
• Autopilot
• Home Integration
• Well-Being
• Social Media & Other Apps
• Hands Free Control and Voice Commands
• Fleet Management
• On-Road, Road Side and Driver Assistance
• Collision Warning
• Auto Parking/Connected Parking/Parking Assistance
• Asset Tracking
• Mobility Management
• Contextual Help
• Vehicle Tracking & Vehicle Health Monitoring
• Emergency Call (eCall) & Save Our Souls (SOS) Assistance
• Autonomous Driving
• Over-The-Air (OTA) Updates
• Remote Operation & Remote Diagnostics
• Navigation
• Entertainment
• Infotainment System
• Safety & Cyber Security

Applications Covered:
• Application Environment: Real Time Information Synthesis
• Data Capture and Management
• Ride Sharing/Hailing
• Dynamic Mobility Applications
• Road Weather Management

Sales Channels Covered:
• Original Equipment Manufacturing (OEM)
• Aftermarket

 Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Connected Car Market is majorly driven by reduction in fuel consumption, increasing popularity of automation and rise in trend of connectivity solutions.

The embedded segment is growing at a highest CAGR due to the adoption of the embedded connectivity solution, such as eCall and remote diagnostics by increasing number of automakers to meet the regulatory compliances.

North America dominated with a significant market share due to the factors such as the increasing vehicle safety and security norms, demand for vehicle-to-vehicle (V2V) connectivity technology, and incorporation of IoT in the automotive industry.

Asia Pacific market is growing at a highest CAGR due to owing to the increasing adoption of high-end and cost-efficient connectivity solutions and the increasing shift towards connected cars in this region.

Key players in Connected Car Market include Continental AG, Airbiquity Inc, Bosch, Qualcomm Technologies, Inc., Audi AG, BMW Group, Samsung Electronics, Vodafone Group Plc, Intellias Ltd., Daimler AG, NXP Semiconductors N.V., Toyota Motor Corporation, DENSO Corporation and Harman International Industries.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials