Connected Cars Market, By Technology (2G, 3G and 4G/LTE), By Connectivity Solutions (Integrated, Embedded and Tethered), By Application (Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, and Mobility Management) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI25719 | Publish Date: March 2024 | No. of Pages: 168

Global Connected Cars Market By Overview

Introduction:

Connected car can be defined as the presence of devices in automobile which can connect to other devices within the car/vehicle or devices, networks and services outside the car that may include other cars, office, home, or any infrastructure. Connected car provide connections that can warn of traffic, collision and other safety alert. The connected car market is on the verge of transformation as leading companies in automotive industry involved in introduction of new concepts such as artificial intelligence. Further, nowadays car has the computing power of 20 personal computers featured with 100 million line of programming code. However, the attention of the manufactures is turning towards developing such as vehicle that can connect with the outside world and enhance the in-car experience. Smartphone-enabled carpool and car-sharing services such as Uber and Ola are the main examples of the connected cars working as transportation alternatives. The global connected cars market accounted for US$ 34.63 billion in 2020 and is estimated to be US$ 194.12 billion by 2030 and is anticipated to register a CAGR of 18.7%.

Global Connected Cars Market By Dynamics

Moreover, the manufacturers are also now focusing more on their research development to transform the automotive industry. Furthermore, manufactures are involved in refining and redefining existing technologies and also introducing new, exciting concepts like artificial intelligence. Furthermore, internet access, infotainment systems, advanced safety functions, driver assistance programs, is expected to drive the connected cars market. The increase in demand of consumers to stay connected with outer world even while travelling the global connected car market is expected to propel. Additionally, the automotive industries are also focused on providing connectivity solutions in their vehicles to increase their sale, owing to the need of connectivity. Besides, the safety service offered by the connected cars is a cutting-edge technology is favoring the growth of connected cars market. As the connected car offers a enhanced driving experience as it improves vehicle efficiency, reduces maintenance cost, fuel consumption, provides safety measures.

However, high cost of installation, threat of data hacking, and unavailability of uninterrupted & seamless connectivity are expected to restrain the connected car market.

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Global Connected Cars Market By Segmentation

The global connected cars market is segmented based on technology, connectivity solutions, application and region.

On the basis of technology, the global connected car market is segmented into 2G, 3G and 4G. Further, on the basis of connectivity solutions the market is segmented into integrated, embedded and tethered. On basis of application is segmented into driver assistance, safety, entertainment, well-being, vehicle management and mobility management.

Regional Insights:

The connected cars market accounted for US$ 34.63 billion in 2020 and is estimated to be US$ 194.12 billion by 2030 and is anticipated to register a CAGR of 18.7%. On region the global connected cars market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The connected car market in North America accounted for highest revenue share, and is expected to maintain its dominance over the forecast period. The developed infrastructure network and awareness regarding pollution is expected to drive the global connected car market. Asia Pacific is expected to witness a major revenue in the upcoming years due to presence of major key players, advancement in technology, increasing safety concern etc. is projected to drive the growth in the global connected cars market.

 

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2030

Market Segmentation

By Technology- 2G, 3G, and 4G/LTE

By Connectivity Solutions– Integrated, Embedded and Tethered  

By Application– Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, and Mobility Management

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global connected cars market report based on technology, connectivity solutions, application and region.

Global Connected Cars Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Connected Cars Market By Key Players

The key players operating in the global connected cars market includes Telefonica, Verizon Wireless, HARMAN International., TomTom International BV., AT&T Intellectual Property, Vodafone Group, Ford Motor Company, BMW AG, AUDI AG., Mercedes-Benz.

Global Connected Cars Market By Company Profile

  • Telefonica
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Verizon Wireless
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HARMAN International.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • TomTom International BV.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AT&T Intellectual Property
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Vodafone Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Ford Motor Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BMW AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AUDI AG.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Mercedes-Benz
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Connected Cars Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for Connected Cars Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Technology
      • Market Snippet, By Connectivity Solutions
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Technology 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • 2G
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • 3G
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • 4G/LTE
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 203
  6. Market Segmentation, By Connectivity Solutions 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Integrated
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Embedded
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Tethered
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030

 

  1. Market Segmentation, By Application 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Driver Assistance
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Safety
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Entertainment
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Well-being
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Vehicle Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Mobility Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  1. Global Market, By Region, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Connectivity Solutions, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Connectivity Solutions, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Connectivity Solutions, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Connectivity Solutions, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Connectivity Solutions, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • Telefonica
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Verizon Wireless
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HARMAN International.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • TomTom International BV.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AT&T Intellectual Property
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Vodafone Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Ford Motor Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BMW AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AUDI AG.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Mercedes-Benz
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

 

FAQs

The global connected cars market is segmented based on technology, connectivity solutions, application and region.

Rising demand of vehicle safety is the major factor driving growth of the global market.

North America is currently dominating the global connected cars market.

Key players operating in the global connected car market includes Telefonica, Verizon Wireless, HARMAN International., TomTom International BV., AT&T Intellectual Property, Vodafone Group, Ford Motor Company, BMW AG, AUDI AG., Mercedes-Benz.