AUTOMOTIVE & TRANSPORTATION
Global Connected Cars Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Connected Cars Market, By Service (Navigation, Remote Diagnostics, Multimedia Streaming, Social Media and Other Apps, OTA Updates, On-road Assistance, eCall and SOS Assistance, Remote Operation, Auto Parking/Connected Parking, Autopilot, Home Integration, and Stolen Vehicle Recovery/Warning), End Market (OEM and Aftermarket), Form Type (Embedded and Integrated), Hardware (Head Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit, Telematics Control Unit, Keyless Entry System, and Sensor), Transponder (Onboard Unit and Roadside Unit), Network (DSRC and Cellular), Vehicle Type (BEV, PHEV, and FCEV), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Connected Cars market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Connected cars, also known as smart cars or internet-connected vehicles, refer to automobiles equipped with advanced communication systems and technologies that enable them to connect with the internet, other devices, and external networks. These vehicles integrate various technologies to enhance driver experience, vehicle performance, and overall safety. The global connected cars market focuses on such vehicles and encompasses a broad range of technologies, services, and applications aimed at enhancing vehicle functionality, safety, convenience, and user experience through digital connectivity.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Advancements in connectivity technologies
- Consumer demand for connected services
RESTRAINTS
- Complexity and cost of technology
- Regulatory and legal constraints
OPPORTUNITIES
- Enhanced vehicle safety and autonomous driving
- Connected services and personalized experiences
CHALLENGES
- Gaining and maintaining consumer trust and acceptance
- Cybersecurity risks
SEGMENTATION
- Service
- Navigation
- Remote Diagnostics
- Multimedia Streaming
- Social Media and Other Apps
- OTA Updates
- On-road Assistance
- eCall and SOS Assistance
- Remote Operation
- Auto Parking/Connected Parking
- Autopilot
- Home Integration
- Stolen Vehicle Recovery/Warning
- End Market
- OEM
- Aftermarket
- Form Type
- Embedded
- Integrated
- Hardware
- Head Unit
- Central Gateway
- Intelligent Antenna
- Electronic Control Unit
- Telematics Control Unit
- Keyless Entry System
- Sensor
- Transponder
- Onboard Unit
- Roadside Unit
- Network
- DSRC
- Cellular
- Vehicle Type
- BEV
- PHEV
- FCEV
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Continental AG
- Robert Bosch GmbH
- Harman International
- Airbiquity
- Visteon
- Cloudmade
- Intellias
- Tesla
- TomTom International BV.
- Sierra Wireless
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Connected Cars Market, by Service
- 3.2 Global Connected Cars Market, by End Market
- 3.3 Global Connected Cars Market, by Form Type
- 3.4 Global Connected Cars Market, by Hardware
- 3.5 Global Connected Cars Market, by Transponder
- 3.6 Global Connected Cars Market, by Network
- 3.7 Global Connected Cars Market, by Vehicle Type
- 3.8 Global Connected Cars Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 5G connectivity
- 5.1.2 Vehicle-to-Everything (V2X) communication
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Advancements in connectivity technologies
- 5.2.2 Consumer demand for connected services
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Complexity and cost of technology
- 5.3.2 Regulatory and legal constraints
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Enhanced vehicle safety and autonomous driving
- 5.4.2 Connected services and personalized experiences
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Gaining and maintaining consumer trust and acceptance
- 5.5.2 Cybersecurity risks
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL CONNECTED CARS MARKET, BY SERVICE
- 6.1 Service Summary
- 6.2 Market Attractive Index
- 6.3 Global Connected Cars Market, by Service (2019-2032)
- SECTION 7 - GLOBAL CONNECTED CARS MARKET, BY END MARKET
- 7.1 End Market Summary
- 7.2 Market Attractive Index
- 7.3 Global Connected Cars Market, by End Market (2019-2032)
- SECTION 8 - GLOBAL CONNECTED CARS MARKET, BY FORM TYPE
- 8.1 Form Type Summary
- 8.2 Market Attractive Index
- 8.3 Global Connected Cars Market, by Form Type (2019-2032)
- SECTION 9 - GLOBAL CONNECTED CARS MARKET, BY HARDWARE
- 9.1 Hardware Summary
- 9.2 Market Attractive Index
- 9.3 Global Connected Cars Market, by Hardware (2019-2032)
- SECTION 10 - GLOBAL CONNECTED CARS MARKET, BY TRANSPONDER
- 10.1 Transponder Summary
- 10.2 Market Attractive Index
- 10.3 Global Connected Cars Market, by Transponder (2019-2032)
- SECTION 11 - GLOBAL CONNECTED CARS MARKET, BY NETWORK
- 11.1 Network Summary
- 11.2 Market Attractive Index
- 11.3 Global Connected Cars Market, by Network (2019-2032)
- SECTION 12 - GLOBAL CONNECTED CARS MARKET, BY VEHICLE TYPE
- 12.1 Vehicle Type Summary
- 12.2 Market Attractive Index
- 12.3 Global Connected Cars Market, by Vehicle Type (2019-2032)
- SECTION 13 - GLOBAL CONNECTED CARS MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Connected Cars Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA CONNECTED CARS MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Connected Cars Market, by Service (2019-2032)
- 14.4 North America Connected Cars Market, by End Market (2019-2032)
- 14.5 North America Connected Cars Market, by Form Type (2019-2032)
- 14.6 North America Connected Cars Market, by Hardware (2019-2032)
- 14.7 North America Connected Cars Market, by Transponder (2019-2032)
- 14.8 North America Connected Cars Market, by Network (2019-2032)
- 14.9 North America Connected Cars Market, by Vehicle Type (2019-2032)
- 14.10 North America Connected Cars Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE CONNECTED CARS MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Connected Cars Market, by Service (2019-2032)
- 15.4 Europe Connected Cars Market, by End Market (2019-2032)
- 15.5 Europe Connected Cars Market, by Form Type (2019-2032)
- 15.6 Europe Connected Cars Market, by Hardware (2019-2032)
- 15.7 Europe Connected Cars Market, by Transponder (2019-2032)
- 15.8 Europe Connected Cars Market, by Network (2019-2032)
- 15.9 Europe Connected Cars Market, by Vehicle Type (2019-2032)
- 15.10 Europe Connected Cars Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC CONNECTED CARS MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Connected Cars Market, by Service (2019-2032)
- 16.4 Asia-Pacific Connected Cars Market, by End Market (2019-2032)
- 16.5 Asia-Pacific Connected Cars Market, by Form Type (2019-2032)
- 16.6 Asia-Pacific Connected Cars Market, by Hardware (2019-2032)
- 16.7 Asia-Pacific Connected Cars Market, by Transponder (2019-2032)
- 16.8 Asia-Pacific Connected Cars Market, by Network (2019-2032)
- 16.9 Asia-Pacific Connected Cars Market, by Vehicle Type (2019-2032)
- 16.10 Asia-Pacific Connected Cars Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA CONNECTED CARS MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Connected Cars Market, by Service (2019-2032)
- 17.4 South America Connected Cars Market, by End Market (2019-2032)
- 17.5 South America Connected Cars Market, by Form Type (2019-2032)
- 17.6 South America Connected Cars Market, by Hardware (2019-2032)
- 17.7 South America Connected Cars Market, by Transponder (2019-2032)
- 17.8 South America Connected Cars Market, by Network (2019-2032)
- 17.9 South America Connected Cars Market, by Vehicle Type (2019-2032)
- 17.10 South America Connected Cars Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA CONNECTED CARS MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Connected Cars Market, by Service (2019-2032)
- 18.4 Middle East and Africa Connected Cars Market, by End Market (2019-2032)
- 18.5 Middle East and Africa Connected Cars Market, by Form Type (2019-2032)
- 18.6 Middle East and Africa Connected Cars Market, by Hardware (2019-2032)
- 18.7 Middle East and Africa Connected Cars Market, by Transponder (2019-2032)
- 18.8 Middle East and Africa Connected Cars Market, by Network (2019-2032)
- 18.9 Middle East and Africa Connected Cars Market, by Vehicle Type (2019-2032)
- 18.10 Middle East and Africa Connected Cars Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Connected Cars Market, Company Share Analysis
- 19.2 North America Connected Cars Market, Company Share Analysis
- 19.3 Europe Connected Cars Market, Company Share Analysis
- 19.4 Asia-Pacific Connected Cars Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 Continental AG
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 Robert Bosch GmbH
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 Harman International
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Airbiquity
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 Visteon
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 Cloudmade
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 Intellias
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 Tesla
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 TomTom International BV.
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 Sierra Wireless
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.