Connected Car Devices Market Size, Trends, Analysis, and Outlook by Product (Driver Assistance System, Telematics), Communication (V2V, V2I, V2P), End-User (OEM, Aftermarket), Vehicle (IC Engine, Electric ), by Country, Segment, and Companies, 2024-2030

Connected Car Devices Market Size, Trends, Analysis, and Outlook by Product (Driver Assistance System, Telematics), Communication (V2V, V2I, V2P), End-User (OEM, Aftermarket), Vehicle (IC Engine, Electric ), by Country, Segment, and Companies, 2024-2030

The global Connected Car Devices market size is poised to register 19.43% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Connected Car Devices market by Product (Driver Assistance System, Telematics), Communication (V2V, V2I, V2P), End-User (OEM, Aftermarket), Vehicle (IC Engine, Electric ).

The Connected Car Devices Market is poised for significant evolution by 2030, driven by pivotal trends and drivers. With the increasing integration of advanced connectivity features in vehicles, there is a growing demand for connected car devices that offer seamless communication, entertainment, and safety features. In addition, as vehicles become more autonomous, there is a surge in demand for connected devices that support vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, enabling enhanced safety and efficiency on the roads. Further, with the rise of electric vehicles (EVs) and shared mobility services, there is a trend toward connected devices that provide real-time data on vehicle range, charging station availability, and ride-sharing opportunities, catering to the evolving needs of consumers and fleet operators. Furthermore, advancements in artificial intelligence and machine learning will enable connected car devices to offer personalized experiences, predictive maintenance alerts, and autonomous driving capabilities, shaping the future of the connected car devices market toward innovation, connectivity, and enhanced user experience..

Connected Car Devices Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Connected Car Devices market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Connected Car Devices survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Connected Car Devices industry.

Key market trends defining the global Connected Car Devices demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Connected Car Devices Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Connected Car Devices industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Connected Car Devices companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Connected Car Devices industry

Leading Connected Car Devices companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Connected Car Devices companies.

Connected Car Devices Market Study- Strategic Analysis Review

The Connected Car Devices market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Connected Car Devices Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Connected Car Devices industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Connected Car Devices Country Analysis and Revenue Outlook to 2030

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Connected Car Devices Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Connected Car Devices market segments. Similarly, Strong end-user demand is encouraging Canadian Connected Car Devices companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Connected Car Devices market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Connected Car Devices Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Connected Car Devices industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Connected Car Devices market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Connected Car Devices Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Connected Car Devices in Asia Pacific. In particular, China, India, and South East Asian Connected Car Devices markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Connected Car Devices Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Connected Car Devices Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Connected Car Devices market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Connected Car Devices.

Connected Car Devices Market Company Profiles

The global Connected Car Devices market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Autoliv Inc, Autotalks Ltd, Continental AG, Denso Corp, Harman International Industries Inc, Infineon Technologies AG, Magna International Inc, Panasonic Corp, Robert Bosch GmbH, Valeo SA, Visteon Corp, ZF Friedrichshafen AG.

Recent Connected Car Devices Market Developments

The global Connected Car Devices market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Connected Car Devices Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:

Product

Driver Assistance System

Telematics

Communication

V2V

V2I

V2P

End-User

OEM

Aftermarket

Vehicle

IC Engine

Electric

-Battery Electric Vehicle

-Hybrid Electric Vehicle

-Fuel Cell Vehicle

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

Autoliv Inc

Autotalks Ltd

Continental AG

Denso Corp

Harman International Industries Inc

Infineon Technologies AG

Magna International Inc

Panasonic Corp

Robert Bosch GmbH

Valeo SA

Visteon Corp

ZF Friedrichshafen AG.

Formats Available: Excel, PDF, and PPT