According to Stratistics MRC, the Global Connected Car Market is accounted for $73.81 billion in 2020 and is expected to reach $298.81 billion by 2028 growing at a CAGR of 19.1% during the forecast period. Reduction in fuel consumption, increasing popularity of automation and rise in trend of connectivity solutions are driving the market growth. However, lack of infrastructure and threat of data hacking is hampering the growth of the market.
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By geography, North America is going to have high growth during the forecast period due to the increasing vehicle safety and security norms, demand for vehicle-to-vehicle (V2V) connectivity technology, and incorporation of IoT in the automotive industry. Favorable regulation imposed by the US government to curb vehicle collision is favoring the adoption of connected cars.
Some of the key players profiled in the Connected Car Market include Continental AG, Airbiquity Inc, Bosch, Qualcomm Technologies, Inc., Audi AG, BMW Group, Samsung Electronics, Vodafone Group Plc, Intellias Ltd., Daimler AG, NXP Semiconductors N.V., Toyota Motor Corporation, DENSO Corporation and Harman International Industries.
Hardware’s Covered:
• Processors
• Display
• Sensors
• Wireless Modules
• Central Gateway (CGW)
• Electronic Control Unit (ECU)
• Keyless Entry Systems
• Head Unit
• Intelligent Antenna
• Telematic Control Unit (TCU)
Forms Covered:
• Operational Data
• Tethered
• Integrated
• Embedded
Platforms Covered:
• Mirrorlink
• Android Auto
• Carplay
Communication Types Covered:
• Vehicle-to-Vehicle(V2V)
• Vehicle-to-Device(V2D)
• Vehicle-to-Infrastructure(V2I)
Transponders Covered:
• Roadside Unit
• Onboard Unit
Networks Covered:
• Cellular
• Dedicated Short Range Communication (DSRC)
Services Covered:
• Multimedia Streaming
• Autopilot
• Home Integration
• Well-Being
• Social Media & Other Apps
• Hands Free Control and Voice Commands
• Fleet Management
• On-Road, Road Side and Driver Assistance
• Collision Warning
• Auto Parking/Connected Parking/Parking Assistance
• Asset Tracking
• Mobility Management
• Contextual Help
• Vehicle Tracking & Vehicle Health Monitoring
• Emergency Call (eCall) & Save Our Souls (SOS) Assistance
• Autonomous Driving
• Over-The-Air (OTA) Updates
• Remote Operation & Remote Diagnostics
• Navigation
• Entertainment
• Infotainment System
• Safety & Cyber Security
Applications Covered:
• Application Environment: Real Time Information Synthesis
• Data Capture and Management
• Ride Sharing/Hailing
• Dynamic Mobility Applications
• Road Weather Management
Sales Channels Covered:
• Original Equipment Manufacturing (OEM)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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