The global connected car market is anticipated to grow at a CAGR of around 17.5% during the forecast period 2020 to 2027 and to reach around US$ 174.7 Bn by 2027.
Increasing passenger vehicle sale in developing countries, major players focus on development of smart vehicles and approach towards integration of AI are major factors expected to drive the growth of global market. In addition, increasing government spending on development of infrastructure and inclination towards adoption of electric vehicle are among other factors expected to support the growth of target market.
Major players focus on business expansion through strategic acquisitions and partnerships in order to enhance the customer base this is expected to boost the growth of target market.
In 2019, Continental a multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components launched CoSmA digital door opener solution for Honda E. The product is a smartphone-based access solution that will enable Honda e owners to open their vehicles or share the key with others using just their smartphone. This is expected to help the company to enhance the business profit.
In 2019, Robert Bosch GmbH a multinational engineering and technology company developed a new cloud-connected software service that aid in managing and monitoring the battery life of the vehicle. The solution is expected to enable company to remotely monitor the battery status in order to reduce wear and tear on the batteries by up to 20%. This is expected to help the company to increase the customer base.
In 2019, Harman International Industries a multinational enterprise that is focused on designs, engineers and produces connected products for automakers, consumers and enterprises worldwide launched a Dual-Mode V2X system with the focus to enhance the automotive safety. The product launch is expected to help the company to increase its revenue share.
In 2019, Visteon Corporation an automotive electronics supplier in collaboration with Tencent developed and autonomous driving and intelligent cockpit solutions. This is expected to help the company to enhance the business and increase the revenue share.
In 2019, Airbiquity a business-to-business software development and engineering company partnered with Wind River in order to develop an end-to-end software lifecycle management solution for connected and autonomous vehicles. This is expected to help the company to increase the profit ratio.
However, factors such as lack of developed infrastructure and high cost of vehicles are expected to hamper the growth of global connected car market. In addition, a threat related to cyber security is expected to challenge the growth of target market.
High investment by major players for technological advancements and integration of AI in vehicles are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements between players is expected to support the revenue transaction of target market.
Segment Analysis by Region
The market in the Asia Pacific is expected to account for significant revenue share in the target market due to increasing passenger vehicle sale in developing countries. In addition, favorable business policies and introduction of 5g technology are resulting in the emergence of small and mid-size enterprises with innovative solutions are among other factors expected to boost the growth of the target market.
Competitive Landscape
The global market is high highly competitive due to the presence of a large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global Connected Car Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Technology, Connectivity Solution, Service, End Use and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Connected Car Market Segment Analysis, 2019
The global market is segmented into technology, connectivity solution, service, and end-use. The technology segment bifurcated into 3G, 4G/LTE, and 5G. Among the technology, the 5G segment is expected to witness faster growth in the target market. The service segment is divided into driver assistance, safety, entertainment, well-being, vehicle management, and mobility management. Among the service, the driver assistance segment is expected to account for major revenue share in the global market.
The players profiled in the report are Airbiquity Inc., CloudMade, Continental AG, Intellias Ltd., Tesla, ZUBIE, INC., AT&T, Audi AG, LUXOFT, Qualcomm Technologies, Inc., Robert Bosch GmbH, and Sierra Wireless.
Market Segmentation
Market By Technology
3G
4G/LTE
5G
Market By Connectivity Solutions
Integrated
Embedded
Tethered
Market By Services
Driver Assistance
Safety
Entertainment
Well-being
Vehicle Management
Mobility Management
Market By End-Use
Original Equipment Manufacturer (OEMs)
Aftermarket
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Connected Car
1.1. Definition and Scope
1.1.1. Definition of Connected Car
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Connected Car Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Connected Car Market By Technology
1.2.3. Connected Car Market By Connectivity Solutions
1.2.4. Connected Car Market By Services
1.2.5. Connected Car Market By End Use
1.2.6. Connected Car Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Connected Car Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Connected Car Market
3.7. Value Chain Analysis
3.8. Cost Structure Analysis
3.8.1. Proportion of Manufacturing Cost Structure
3.8.1.1. Raw Material
3.8.1.2. Labor Cost
3.8.1.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and End Use Source of Connected Car Major Manufacturers in 2019
CHAPTER 5. Connected Car Market By Technology
5.1. Introduction
5.2. Connected Car Revenue By Technology
5.2.1. Connected Car Revenue (US$ Mn) and Forecast, By Technology, 2016-2027
5.2.2. 3G
5.2.2.1. 3G Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. 4G/LTE
5.2.3.1. 4G/LTE Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. 5G
5.2.4.1. 5G Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Connected Car Market Revenue By Connectivity Solutions
6.1. Introduction
6.2. Connected Car Revenue (US$ Mn) By Connectivity Solutions
6.2.1. Connected Car Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
6.2.2. Integrated
6.2.2.1. Integrated Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Embedded
6.2.3.1. Embedded Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Tethered
6.2.4.1. Tethered Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Connected Car Market By Services
7.1. Introduction
7.2. Connected Car Revenue (US$ Mn) By Services
7.2.1. Connected Car Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
7.2.2. Driver Assistance
7.2.2.1. Driver Assistance Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Safety
7.2.3.1. Safety Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Entertainment
7.2.4.1. Entertainment Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Well-being
7.2.5.1. Well-being Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.6. Vehicle Management
7.2.6.1. Vehicle Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.7. Mobility Management
7.2.7.1. Mobility Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. Connected Car Market By End Use
8.1. Introduction
8.2. Connected Car Revenue (US$) By End Use
8.2.1. Connected Car Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.3. Original Equipment Manufacturer (OEMs)
8.3.1. Original Equipment Manufacturer (OEMs) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
8.4. Aftermarket
8.4.1. Aftermarket Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 9. North America Connected Car Market By Country
9.1. North America Connected Car Overview
9.2. U.S.
9.2.1. U.S. Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016-2027
9.2.2. U.S. Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016-2027
9.2.3. U.S. Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
9.2.4. U.S. Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
9.3. Canada
9.3.1. Canada Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016-2027
9.3.2. Canada Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016-2027
9.3.3. Canada Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
9.3.4. Canada Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
9.4. North America PEST Analysis
CHAPTER 10. Europe Connected Car Market By Country
10.1. Europe Connected Car Market Overview
10.2. U.K.
10.2.1. U.K. Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016-2027
10.2.2. U.K. Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016-2027
10.2.3. U.K. Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
10.2.4. U.K. Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
10.3. Germany
10.3.1. Germany Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016-2027
10.3.2. Germany Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016-2027
10.3.3. Germany Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
10.3.4. Germany Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
10.4. France
10.4.1. France Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016-2027
10.4.2. France Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016-2027
10.4.3. France Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
10.4.4. France Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
10.5. Spain
10.5.1. Spain Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016-2027
10.5.2. Spain Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016-2027
10.5.3. Spain Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
10.5.4. Spain Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
10.6. Rest of Europe
10.6.1. Rest of Europe Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016-2027
10.6.2. Rest of Europe Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016-2027
10.6.3. Rest of Europe Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
10.6.4. Rest of Europe Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
10.7. Europe PEST Analysis
CHAPTER 11. Asia Pacific Connected Car Market By Country
11.1. Asia Pacific Connected Car Market Overview
11.2. China
11.2.1. China Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
11.2.2. China Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
11.2.3. China Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.2.4. China Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.3. Japan
11.3.1. Japan Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
11.3.2. Japan Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
11.3.3. Japan Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.3.4. Japan Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.4. India
11.4.1. India Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
11.4.2. India Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
11.4.3. India Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.4.4. India Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.5. Australia
11.5.1. Australia Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
11.5.2. Australia Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
11.5.3. Australia Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.5.4. Australia Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.6. South Korea
11.6.1. South Korea Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
11.6.2. South Korea Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
11.6.3. South Korea Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.6.4. South Korea Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
11.7.2. Rest of Asia-Pacific Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
11.7.3. Rest of Asia-Pacific Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.7.4. Rest of Asia-Pacific Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.8. Asia Pacific PEST Analysis
CHAPTER 12. Latin America Connected Car Market By Country
12.1. Latin America Connected Car Market Overview
12.2. Brazil
12.2.1. Brazil Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
12.2.2. Brazil Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
12.2.3. Brazil Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
12.2.4. Brazil Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
12.3. Mexico
12.3.1. Mexico Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
12.3.2. Mexico Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
12.3.3. Mexico Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
12.3.4. Mexico Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
12.4. Rest of Latin America
12.4.1. Rest of Latin America Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
12.4.2. Rest of Latin America Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
12.4.3. Rest of Latin America Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
12.4.4. Rest of Latin America Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
CHAPTER 13. Middle East & Africa Connected Car Market By Country
13.1. Middle East & Africa Connected Car Market Overview
13.2. Saudi Arabia
13.2.1. Saudi Arabia Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
13.2.2. Saudi Arabia Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
13.2.3. Saudi Arabia Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
13.2.4. Saudi Arabia Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
13.3. UAE
13.3.1. UAE Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
13.3.2. UAE Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
13.3.3. UAE Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
13.3.4. UAE Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Connected Car Market Revenue (US$ Mn) and Forecast By Technology, 2016 - 2027
13.4.2. Rest of Middle East & Africa Connected Car Market Revenue (US$ Mn) and Forecast By Connectivity Solutions, 2016 - 2027
13.4.3. Rest of Middle East & Africa Connected Car Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
13.4.4. Rest of Middle East & Africa Connected Car Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
CHAPTER 14. PLAYER ANALYSIS OF CONNECTED CAR MARKET
14.1. Connected Car Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Connected Car Market
14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15. COMPANY PROFILE
15.1. Airbiquity Inc.
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (US$ Mn), 2019
15.1.3.2. Airbiquity Inc. 2019 Connected Car Business Regional Distribution
15.1.4. Product/ Service and Specification
15.1.5. Recent Developments & Business Strategy
15.1.6. Manufacturing Plant Footprint Analysis
15.2. CloudMade
15.3. Continental AG
15.4. Intellias Ltd.
15.5. Tesla
15.6. ZUBIE, INC.
15.7. AT&T
15.8. Audi AG
15.9. LUXOFT
15.10. Qualcomm Technologies, Inc.
15.11. Others
