Frost & Sullivan's 2024 Connected Vehicle Growth Outlook

Frost & Sullivan's 2024 Connected Vehicle Growth Outlook

Innovative Business Models Driven by Industry Convergence is Driving Automakers and Ecosystem Players to Offer Enhanced HMI Features and Services

Connected vehicles is one of the most technologically advanced domains in the automotive industry with far-reaching impacts. Connected vehicles, with all its facets, has been a hot topic in recent years and is expected to continue to evolve in 2024 spreading its relevance outside of the vehicle to bring a connected lifestyle to vehicle users.

This project provides insights into:
• Upcoming technologies, features, services, and trends
• The 2023 market scenario and global and regional predictions for 2024, highlighting selected industry best practices
• The market by region (Asia-Pacific, China, Europe, India, Japan, North America, South America, South Korea, and the Rest of the World)
• Challenges that will reshape the automotive industry, particularly in the connected vehicle space
• Participants in different areas of the ecosystem, such as connected services, human-machine interface, connectivity, and navigation

Frost & Sullivan interviewed thought leaders from original equipment manufacturers, Tier I suppliers, technology and telecommunications providers, and other diverse yet related stakeholders. Forecasts are based on three types of connectivity: smartphone, tethered, and embedded. Notably, the analysis examines the growth opportunities available to automakers and Tier I suppliers in the connected cars space for the next few years.