Global Connected Car Market, By Service (Connected Services, Safety And Security, Autonomous Driving), Network (Dedicated Short-Range Communications (DSRC), Cellular), Transponder (On-Board Unit (OBU), Roadside Unit (RSU)), Form (Embedded, Tethered, Integrated), Hardware (Smart Antenna, Display, Electronic Control Unit (ECU), Sensors), Technology (2G, 3G, 4G/LTE), Application (Navigation, Infotainment, Telematics), End Market (Original Equipment Manufacturer (OEM), Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The connected car market is expected to witness market growth at a rate of 22.55% in the forecast period of 2021 to 2028. Data Bridge Market Research report on connected car market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for automated technologies globally is escalating the growth of connected car market.
Connected cars refer to the type of cars that are equipped with wireless systems and connected with the internet facilities. These provide with various features such as information on traffic, collisions and other safety alerts with the help of connectivity of car and internet. The car is known to be connected with dedicated short-range sensors that assist in declining the risks of accidents and increases safety.
The rise in demand for smartphone features in the car among consumers across the globe, acts as one of the major factors driving the growth of connected car market. The technological advancements in the telecommunication technology offering new level of connectedness and the developments in the vehicle telematics and infotainment technology providing HD touch screens, navigation tools, high-speed internet on-the-go and other varied applications accelerate the market growth. The growing implementation of stringent regulations making it mandatory for auto manufacturers to install vehicle-to-vehicle communication devices in every automobile that they manufacture and increase in demand for enhanced user comfort, safety, and convenience further influence the market. Additionally, urbanization, digitization, rise in the need for reduction in fuel consumption, acceptance of advanced technologies, increase in demand for luxury cars and surge in disposable income of people positively affect the connected car market. Furthermore, rise in the popularity of automation in automotive sector and of advent of various technologies such as 5G and AI extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, deficiency of infrastructure for proper running of connected cars is expected to obstruct the market growth. The concerns regarding the cybersecurity such as unauthorized access to multiple automobile applications or breaking into the in-vehicle connectivity system are projected to challenge the connected car market in the forecast period of 2021-2028.
This connected car market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on connected car market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Connected Car Market Scope and Market Size
The connected car market is segmented on the basis of service, network, transponder, form, hardware, technology, application and end market. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service, the connected car market is segmented into connected services, safety and security and autonomous driving.
- On the basis of network, the connected car market is segmented into dedicated short-range communications (DSRC) and cellular.
- On the basis of transponder, the connected car market is segmented into on-board unit (OBU) and roadside unit (RSU).
- On the basis of form, the connected car market is segmented into embedded, tethered and integrated.
- On the basis of hardware, the connected car market is segmented into smart antenna, display, electronic control unit (ECU) and sensors.
- On the basis of technology, the connected car market is segmented into 2G, 3G and 4G/LTE.
- On the basis of application, the connected car market is segmented into navigation, infotainment and telematics.
- On the basis of end market, the connected car market is segmented into original equipment manufacturer (OEM) and aftermarket.
Global Connected Car Market Country Level Analysis
The connected car market is analyzed and market size, volume information is provided by country, service, network, transponder, form, hardware, technology, application and end market as referenced above.
The countries covered in the global connected car market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the connected car market because of the presence of technological giants and cultural changes within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rise in smartphone penetration, and deployment of high-speed internet services in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Connected Car Market Share Analysis
The connected car market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to connected car market.
The major players covered in the connected car market report are Daimler AG, General Motors Company, Tesla, Google, Audi AG, Volvo Car Corporation, Delphi Technologies, Vodafone Group, AT&T Intellectual Property, DENSO CORPORATION, Robert Bosch GmbH, Airbiquity, Inc., WirelessCar, Ford Motor Company, Microsoft, Tata Consultancy Services Limited, TOYOTA MOTOR CORPORATION, Verizon and Intel Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Connected Car Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.