Global Connected Car Market size was valued at USD 34.56 Billion in 2022 and is poised to grow from USD 41.29 Billion in 2023 to USD 143.72 Billion by 2031, growing at a CAGR of 19.50% during the forecast period (2024-2031).
The Research report on Connected Car Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
- ServiceNavigation, Operational data, Remote Diagnostics, Multimedia Streaming, Social-Media and Other Apps, OTA Updates, On Road Assistance, E-call And SOS Assistance, Remote Operation, Auto Parking/ Connected Parking, Autopilot, Home Integration, and Stolen vehicle recovery
- HardwareHead Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit, Telematic Control Unit, Keyless Entry Systems, and Sensors
- Form TypeEmbedded, Integrated
- End UseOriginal Equipment Manufacturer, Aftermarket
- TransponderOn Board Unit, and Roadside Unit
- NetworkDSRC, and Cellular (4G, 5G)
- Electric Vehicle TypeBEV, PHEV, and FCEV
- ApplicationData Capture and Management, Dynamic Mobility, Road Weather Management, Real-time Information Synthesis, Vehicle Health Monitoring
Market Dynamics
Connected Car Market Drivers
Increasing Demand for Advanced Safety Features
- The need for connected cars with advanced driver-assistance systems (ADAS) is growing as consumers place a higher priority on safety. The addition of some products like newly developed items, adaptive cruise control and other vehicles features rightfully deserve to have been included into standards those look at making vehicles safer; these aspects help expand their market share.
Expansion of Smart City Infrastructure
- Smart city initiatives around the globe are promoting the combination of connected vehicle technology and urban infrastructure. Traffic management and transportation efficiency at large in cities approved by authorities are influenced positively by V2X communication which enhances the connection between vehicles and everything.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
- General Motors (US)
- AUDI AG (Germany)
- Ford (US)
- Mercedes-Benz (Germany)
- Toyota (Japan)
- Volkswagen (Germany)
- Nissan (Japan)
- Volvo (Sweden)
- Honda (Japan)
- Porsche (Germany)
- Hyundai (South Korea)
- Kia (South Korea)
- Tata Motors (India)
- AT&T Intellectual Property (US)
- Aptiv (Ireland)
- Google LLC (US)
- NXP Semiconductors (Netherlands)
- Qualcomm Incorporated (US)
- TomTom (Netherlands)
- Zebra Technologies (US)
View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/connected-car-market
The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Connected Car Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Connected Car Market?
• What are the prominent market trends influencing the development of the Connected Car Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Connected Car Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?