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November 6, 2020

Connected Car Market Analysis 2020 Global Opportunity, Growth and Industry Trends - Forecast 2027

The Global Connected Car Market is projected to reach a value of over USD 204 billion by 2027 at a CAGR of around 20.5%.

Connected car is a vehicle that is linked with the internet mostly via wireless local area network (WLAN) to devices like computers and smartphones both inside and outside the car to provide useful information to the driver. This allows the car to access data, share internet access, communicate with other Internet of Things (IoT) devices, provide Wi-Fi to other devices inside and outside the car which includes home, office, other cars or infrastructure.

Connected Car Market: Drivers & Restraints

Market Driver:

Rising Inclination towards Comfort, Safety & Security

Connected car is equipped with advanced technology and sensors which assist the driver to get the real-time information around him. Safety service in these vehicles helps to exchange critical information with other vehicles and infrastructure. This avoids human error and accidents, thereby resulting in enhanced driving experience and increases security measures. Moreover, with the use of navigation systems, communication mapping like HERE, TomTom or Waze and infrastructure, the driver gets notified of debris on the road, traffic jams, collisions, traffic jams, and others.

Therefore, rising inclination towards comfort, safety & security will drive the global Connected Car Market.

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Rising Trend of Connectivity Solution

Automotive manufacturers are focusing on innovations for providing connectivity solutions as customer’s preferences have changed and they want the vehicles to work similarly like smartphones or computers. Connectivity can be provided in a vehicle by adopting an integrated, embedded, or tethered connectivity solution. Emerging technology such as automotive machine to machine (M2M) provides cellular services and connectivity which enhances mobile lifestyle for both passenger and driver by offering high-speed and advanced features like web services, internet radio, Wi-Fi hotspot, with latest navigation system.

Therefore, the rising trend of connectivity solutions is expected to boost the Connected Car Market growth.

Market Restraint:

Threats of Cyber Attacks

Connected car with vehicle-to-everything (V2X) technology allows vehicles to interact with other vehicles (V2V) and surrounding infrastructure (V2I) including trains or highways, traffic lights, and others. Unauthorized access to various cars for connectivity solutions creates a new entrance for cyber-attacks on smart vehicles which acts as a restraint for the market. New technology increases the number of sensors required in vehicles which increases the chance for hackers to steal personally identifiable information (PII) like entertainment preferences, financial information, location data, personal trip, and others.

Thus, threats of cyber-attacks are expected to decline the Connected Car Market growth.

Connected Car Market: Key Segments

  • Segmentation Based on Technology: Wi-Fi, Bluetooth, Global Positioning System (GPS), 3G, 4G LTE, and Others.
  • Segmentation Based on Components: Hardware, Software, and Services.
  • Segmentation Based on Connectivity Solution: Integrated, Tethered and Embedded.
  • Segmentation Based on Region Covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa, with individual country-level analysis.

Connected Car Market: Report Scope

The report on the Connected Car Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Connected Car Market include:

  • Continental AG (Germany) (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Tesla (US)
  • Robert Bosch GmbH (Germany)
  • Ford Motor Company (US)
  • Keysight Technologies (US)
  • Qualcomm Technologies, Inc. (US)
  • AT&T (US)
  • Daimler AG (Germany)
  • Microsoft (US)
  • Sierra Wireless (Canada)
  • AUDI AG (Germany)
  • BMW AG (Germany)
  • Panasonic Corporation (Japan)
  • TomTom International BV (Netherlands)
  • TelefĂłnica S.A. (Spain)

Connected Car Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Connected Car Market, by Technology

  • Wi-Fi
  • Bluetooth
  • Global Positioning System (GPS)
  • 3G
  • 4G LTE
  • Others

Connected Car Market, by Components

  • Hardware
    • Head Unit
    • Telematics Gateway
    • Intelligent Antenna
    • Sensors
    • Electronic Control Unit (ECU)
    • Others
  • Software
    • Android Based
    • iOS Based
    • Linux Based
    • OS X Based
    • Others
  • Services

Connected Car Market, by Connectivity Solution

  • Integrated
  • Tethered
  • Embedded

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Connected Car Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

KEY QUESTIONS ANSWERED BY THE REPORT

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Inclination towards Comfort, Safety & Security
      2. Rising Trend of Connectivity Solution
      3. Increase in Fuel Efficiency
    3. Restraint
      1. Threats of Cyber Attacks
    4. Opportunities
      1. Rising trend of Vehicle-to-Everything (V2X) Technology in the Automotive Industry
      2. Advent of New Technology
    5. Challenges
      1. Connectivity Issues in Remote Places
      2. Challenges from the Upgraded Software and Technologies
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. CONNECTED CAR MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Wi-Fi
    3. Bluetooth
    4. Global Positioning System (GPS)
    5. 3G
    6. 4G LTE
    7. Others
  7. CONNECTED CAR MARKET BY COMPONENTS, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hardware
      1. Head Unit
      2. Telematics Gateway
      3. Intelligent Antenna
      4. Sensors
      5. Electronic Control Unit (ECU)
      6. Others
    3. Software
      1. Android Based
      2. iOS Based
      3. Linux Based
      4. OS X Based
      5. Others
    4. Services
  8. CONNECTED CAR MARKET BY CONNECTIVITY SOLUTION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Integrated
    3. Tethered
    4. Embedded
  9. CONNECTED CAR MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Norway
      7. The Netherlands
      8. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. Continental AG (Germany)
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Tesla (US)
    3. Robert Bosch GmbH (Germany)
    4. Ford Motor Company (US)
    5. Keysight Technologies (US)
    6. Qualcomm Technologies, Inc. (US)
    7. AT&T (US)
    8. Daimler AG (Germany)
    9. Microsoft (US)
    10. Sierra Wireless (Canada)
    11. Other Key Companies
      1. AUDI AG (Germany)
      2. BMW AG (Germany)
      3. Panasonic Corporation (Japan)
      4. TomTom International BV (Netherlands)
      5. TelefĂłnica S.A. (Spain)
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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November 6, 2020, 12:49
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