Connected Cars Market Size, Trends, Analysis, and Outlook by service (Navigation, Remote Diagnostics, Multimedia Streaming, Social Media, OTA Updates, On-Road Assistance, Others), Hardware (Head Unit, Central Gateway, Intelligent Antenna, Electronic Contr

Connected Cars Market Size, Trends, Analysis, and Outlook by service (Navigation, Remote Diagnostics, Multimedia Streaming, Social Media, OTA Updates, On-Road Assistance, Others), Hardware (Head Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit, Telematic Control Unit, Keyless Entry Systems, Sensors), Type (Embedded, Tethered, Integrated), Transponder, Onboard unit, Roadside unit), Network (DSRC, Cellular), by Country, Segment, and Companies, 2024-2030

The global Connected Cars market size is poised to register 16.46% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Connected Cars market by service (Navigation, Remote Diagnostics, Multimedia Streaming, Social Media, OTA Updates, On-Road Assistance, Others), Hardware (Head Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit, Telematic Control Unit, Keyless Entry Systems, Sensors), Type (Embedded, Tethered, Integrated), Transponder, Onboard unit, Roadside unit), Network (DSRC, Cellular).

The Connected Cars Market is on the brink of transformative growth and innovation leading up, propelled by a convergence of technological advancements, regulatory mandates, and changing consumer expectations. As vehicles evolve into highly connected ecosystems, there's a growing demand for connected car solutions that offer enhanced safety, convenience, and personalized experiences. Trends such as the proliferation of advanced driver assistance systems (ADAS), the adoption of 5G connectivity, and the integration of artificial intelligence (AI) are reshaping the requirements for connected cars, driving the need for solutions that provide real-time data insights, seamless connectivity, and predictive maintenance capabilities. In addition, as governments worldwide implement regulations to improve road safety and reduce emissions, there's a rising emphasis on connected car technologies that enable vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, autonomous driving functionalities, and remote diagnostics. Further, as consumers seek personalized and immersive in-car experiences, there's an increasing adoption of connected car services such as infotainment systems, navigation services, and remote vehicle control features. With automotive OEMs, technology providers, and ecosystem stakeholders collaborating to overcome technical, regulatory, and cybersecurity challenges, the Connected Cars Market is poised for sustained growth and advancement, shaping the future of transportation and mobility experiences..

Connected Cars 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 Cars market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Connected Cars 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 Cars industry.

Key market trends defining the global Connected Cars 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 Cars Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Connected Cars 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 Cars companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Connected Cars industry

Leading Connected Cars 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 Cars companies.

Connected Cars Market Study- Strategic Analysis Review

The Connected Cars 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 Cars Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Connected Cars 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 Cars 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 Cars 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 Cars market segments. Similarly, Strong end-user demand is encouraging Canadian Connected Cars companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Connected Cars market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Connected Cars 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 Cars 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 Cars 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 Cars 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 Cars in Asia Pacific. In particular, China, India, and South East Asian Connected Cars 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 Cars 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 Cars 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 Cars market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Connected Cars.

Connected Cars Market Company Profiles

The global Connected Cars 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 Airbiquity Inc, AT&T Inc, Audi AG, CloudMade Services Ltd, Continental AG, Ford Motor Company, HARMAN International Industries Inc, Intellias Ltd, Qualcomm Inc, Robert Bosch GmbH, Sierra Wireless Inc, Tesla Inc, TomTom International B.V., Verizon Communications Inc, Visteon Corp.

Recent Connected Cars Market Developments

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

Connected Cars 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:

service

Navigation

Remote Diagnostics

Multimedia Streaming

Social Media

OTA Updates

On-Road Assistance

Others

Hardware

Head Unit

Central Gateway

Intelligent Antenna

Electronic Control Unit

Telematic Control Unit

Keyless Entry Systems

Sensors

Type

Embedded

Tethered

Integrated

Transponder

Onboard unit

Roadside unit

Network

DSRC

Cellular

Geographical Segmentation:

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

Companies

Airbiquity Inc

AT&T Inc

Audi AG

CloudMade Services Ltd

Continental AG

Ford Motor Company

HARMAN International Industries Inc

Intellias Ltd

Qualcomm Inc

Robert Bosch GmbH

Sierra Wireless Inc

Tesla Inc

TomTom International B.V.

Verizon Communications Inc

Visteon Corp.

Formats Available: Excel, PDF, and PPT