Overview

Connected Car Market Introduction:

The global connected car market is estimated to value over US$ 215 billion by 2027 end, and recording a CAGR of 13.4% during the period of 2020-2027.
The latest published market intelligence report by FutureWise titled 'Connected Car Market: Global Opportunity Analysis and Industry Forecast, 2020-2027', examines the global market in terms of Technology, Connectivity Solutions, Service, End Market, and Regions for the period 2020 to 2027.
This market intelligence report offers a comprehensive assessment of global connected car market including, factors boosting market growth, market barriers, application areas, investment potential, case studies, value chain analysis, future roadmap, major market players profiles and strategies. The study further offers market size predictions from 2020 to 2027.
The demand for useful features, such as multimedia media streaming, navigation, and remote diagnostic, is a standard in every vehicle. Connected cars aid connectivity on wheels allowing convenience, performance, comfort, security and safety, with strong network technology. The driver is able to have a real-time conversation or check recent updates by connecting to various online platforms and tools. The growing need for continuous connectivity, increase in customer demand for connectivity solutions, mounting dependency on technology, and boom in the technology-savvy population are the major factors that are facilitating the increase in demand for connected cars globally. Manufacturers are constantly working on the development of advanced connectivity solutions for example - machine-to-machine (M2M) connectivity platforms to facilitate interconnectivity among two connected cars, consequently increasing the growth of the market.
Furthermore, the acceleration in the trend of connectivity solutions and convenience of vehicle diagnosis is anticipated to drive the market growth. Moreover, the need for security & safety will boost the market growth. Nonetheless, the high installation cost, the threat of data hacking and unavailability of constant & seamless connectivity in developing countries are the crucial factors that will limit the market growth.

Connected Car market

Connected Car Market Segmentation:

By Technology

3G
4G/LTE
5G

By Connectivity Solutions

Integrated
Embedded
Tethered

By Service

Driver Assistance
Safety and Security
Well-being
Entertainment
Mobility Management
Vehicle Management

By End Market

OEM
Aftermarket

By Region

North America
Latin America
Europe
Asia Pacific
Rest of the World

Companies Profiled:

AT&T Inc
Audi AG
BMW Group
Daimler AG (Mercedes-Benz)
Ford Motor Company
Samsung Electronics Co. Ltd. (Harman International Industries, Inc.)
Telefonica, S.A.
TomTom International N.V.
Verizon Communications Inc.
Vodafone Group Plc

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide an exhaustive analysis of the global connected cars market on the basis of technology, connectivity solutions, service, end market, and regions
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies