Global Connected Car Market Outlook, 2029

The Global Connected Car Market is segmented into By Technology (4G/LTE, 3G, 5G), By Connectivity Solutions (Integrated, Embedded, Tethered), By Application (Driver Assistance, Safety Infotainment, Telematics, Fleet Management (Vehicle), Mobility Management, Others) and By End Market (Original Equipment Manufacturer (OEMs) and Aftermarket).

The Global Connected Car market is cross USD 190 Billion by 2029 due to rapid technological advancements and increasing demand for connected services

Connected Car Market Analysis

The automotive industry is undergoing a transformative shift, with the integration of cutting-edge technologies giving rise to the era of connected cars. Connected cars, also known as smart cars or Internet of Things (IoT) vehicles, are equipped with advanced communication systems that enable them to interact with the external environment, other vehicles, and infrastructure. This convergence of automotive and technology has paved the way for unprecedented advancements, enhancing safety, efficiency, and overall driving experience. The connected car industry has gained significant traction in recent years, with an increasing number of vehicles incorporating connectivity features. These features range from basic functionalities like GPS navigation and Bluetooth connectivity to more advanced systems such as real-time data monitoring, vehicle-to-everything (V2X) communication, and autonomous driving capabilities. The implementation of 5G networks is a game-changer for the connected car industry. The high-speed, low-latency connectivity offered by 5G enables seamless communication between vehicles, infrastructure, and the cloud, supporting advanced applications such as real-time traffic updates, high-definition mapping, and immersive in-car entertainment. The pursuit of autonomous driving technology is a driving force behind the connected car industry. Vehicles equipped with sensors, cameras, and AI algorithms can navigate and make decisions without human intervention. This not only enhances safety but also opens up new possibilities for mobility services and transportation efficiency. As vehicles become more connected, the need for robust cybersecurity measures becomes paramount. The industry is focusing on developing advanced security protocols to protect connected cars from potential cyber threats, ensuring the integrity of critical systems and safeguarding user data. According to the research report, “Global Connected Car Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 190 Billion by 2029, increasing from USD 87.14 Billion in 2023. The market is expected to grow with 14.22% CAGR by 2024-29. Connected cars contribute to improved road safety through features like collision detection, automatic emergency braking, and lane departure warnings. These systems leverage sensors and communication networks to anticipate and prevent potential accidents, reducing the number of road fatalities. Telematics systems in connected cars enable the collection and transmission of real-time data related to vehicle performance, fuel efficiency, and maintenance needs. This data is then utilized for remote diagnostics, predictive maintenance, and efficient fleet management, leading to cost savings for both consumers and businesses. Enhanced infotainment systems with internet connectivity have become a standard feature in many modern vehicles. These systems provide passengers with access to streaming services, navigation apps, and social media platforms, transforming the in-car experience. The integration of edge computing in connected cars will enable faster data processing and decision-making directly within the vehicle. This reduces reliance on cloud-based services and enhances the overall responsiveness of connected car systems. Connected cars will play a crucial role in the evolution of smart cities. Through V2X communication, vehicles can share data with traffic signals, parking infrastructure, and other elements of urban mobility, contributing to more efficient traffic flow and reduced congestion. AI-driven personalization will become more prevalent, tailoring the in-car experience to individual preferences. From climate control settings to entertainment recommendations, connected cars will adapt to the unique preferences of each driver and passenger.

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Market Dynamic

Market DriversAdvancements in Communication Technologies: The continuous evolution of communication technologies, particularly the rollout of 5G networks, is a major driver for the connected car market. 5G provides high-speed, low-latency connectivity, enabling seamless communication between vehicles and the broader infrastructure. This facilitates real-time data exchange, supporting applications like vehicle-to-vehicle (V2V) communication, enhanced navigation services, and improved overall safety. The increased bandwidth of 5G also enables the handling of massive amounts of data generated by connected cars, paving the way for more sophisticated features and services. • Growing Emphasis on Vehicle Safety and Efficiency: There is a growing global emphasis on enhancing road safety and improving overall transportation efficiency, and connected cars play a pivotal role in achieving these objectives. Advanced driver assistance systems (ADAS) and connected features contribute to safer driving by providing real-time alerts, collision avoidance, and automated emergency response. Telematics and remote diagnostics functionalities help in efficient fleet management, reducing downtime, and optimizing fuel consumption. As regulatory bodies and consumers prioritize safety and efficiency, the demand for connected car solutions is expected to rise. Market ChallengesCybersecurity Concerns: The increasing connectivity in cars makes them susceptible to cyber threats, posing a significant challenge for the connected car market. As vehicles become more interconnected and rely on software systems, they become potential targets for cyber-attacks. Security breaches could lead to unauthorized access, data manipulation, or even the compromise of critical vehicle functions. Manufacturers must invest in robust cybersecurity measures, including encryption, secure software updates, and intrusion detection systems, to safeguard the integrity of connected car systems and protect user data. • Fragmented Regulatory Landscape: The global connected car market faces challenges due to the lack of standardized regulations across different regions. Each country or region may have its own set of rules and standards for connected car technologies, creating a fragmented regulatory landscape. This lack of uniformity can hinder the seamless integration and deployment of connected car solutions globally. Harmonizing regulations and establishing clear standards for data privacy, cybersecurity, and communication protocols is crucial to fostering a cohesive and interoperable connected car ecosystem. Market TrendsAutonomous Driving and AI Integration: The trend towards autonomous driving is a significant driver for the connected car market. Connected cars are increasingly equipped with advanced driver assistance systems (ADAS) that utilize artificial intelligence (AI) algorithms and machine learning to enable features such as lane-keeping assistance, adaptive cruise control, and automated parking. The integration of AI not only enhances safety but also contributes to the development of fully autonomous vehicles. This trend aligns with the broader industry goal of creating self-driving cars capable of navigating complex environments without human intervention. • Data Monetization and Personalized Services: The vast amount of data generated by connected cars opens up opportunities for data monetization and the delivery of personalized services. Automotive manufacturers and service providers can analyze the data collected from connected cars to offer customized experiences, such as personalized in-car entertainment, targeted advertising, and location-based services. This trend not only enhances the user experience but also creates new revenue streams for stakeholders in the connected car ecosystem. However, it also raises concerns about data privacy, requiring careful consideration of ethical and regulatory frameworks. Covid-19 Impacts The global connected car market relies on complex and interconnected supply chains. The pandemic disrupted manufacturing and supply chain operations worldwide, causing delays in the production and distribution of connected car components. Shortages of essential electronic components and logistical challenges affected the timely delivery of vehicles, leading to a slowdown in production and sales. Economic uncertainties resulting from the pandemic led to reduced consumer spending, impacting the automotive industry, including the connected car market. Consumers deferred or canceled purchases of new vehicles, affecting the adoption of connected car technologies. The economic downturn and financial uncertainties prompted some consumers to prioritize essential expenses over discretionary spending on advanced vehicle features. The pandemic disrupted the deployment and integration of connected car services and technologies. Development projects and collaborations between automotive manufacturers, technology companies, and service providers were delayed or put on hold. The focus shifted towards addressing immediate challenges, diverting resources from long-term innovation and development efforts. Automotive events, conferences, and exhibitions, which play a crucial role in showcasing new technologies and fostering collaborations, were either canceled or moved to virtual platforms. The absence of in-person events limited networking opportunities and slowed down the exchange of ideas and innovations within the connected car industry. The pandemic has altered consumer priorities and preferences, with an increased focus on health, safety, and contactless experiences. While connected car features related to safety and remote monitoring gained importance, non-essential features related to in-car entertainment and luxury experienced reduced demand.

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Connected Car Segmentation

By Technology 4G/LTE
3G
5G
By Connectivity Solutions Integrated
Embedded
Tethered
By Application Driver Assistance
Safety
Infotainment
Telematics
Fleet Management (Vehicle)
Mobility Management
Others
By End Market Original Equipment Manufacturer (OEMs)
Aftermarket
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
South Korea
South AmericaBrazil
MEAUnited Arab Emirates

Based on the technology, the 4G/LTE segment was the highest contributor to the market and is estimated to grow at a prominent CAGR during the forecast period. Leading producers of technologies for automotive manufacturers are collaborating to produce new vehicle tracking technologies to be used in connected cars. For instance, in November 2018, a top positioning and wireless communication technology producer, u-blox, is collaborating with a technology and product developer for the automotive market, ERM Electronic Systems Ltd., to produce an advanced vehicle tracking device that includes 4G and Wi Fi technologies. The development and production of advanced and fast vehicle tracking technologies using 4G and LTE in connected cars fuel the adoption of 4G/LTE technologies in connected cars. Production of automatically connected cars for real-time applications using 4G/LTE technology is a significant growth opportunity for the key players in the market. However, several automobile manufacturers are switching to 5G enabled connected cars solutions that also offer 3G/4G service, depending on the situation. Although 5G-supported connected car devices and services are a bit expensive compared to other devices, their market is experiencing growth due to the fast data transfer speed and increased bandwidth offered. Automobile manufacturers are switching from 4G/LTE enabled connected cars solutions to 5G enabled devices. Yet a car with a 5G-enabled connection can provide multiple valuable services such as telematics, remote control access, infotainment, GPS tracking, and others. These 5G solutions are easy to use, affordable, and facilitate remote diagnostics of a vehicle, giving it an upper hand in the market. Several telecommunication companies are developing advanced 5G networks for better communication between connected vehicles and external devices. According to the 5G Automotive Association, more than 60% of road accidents can be avoided with the help of a seamless 5G network. For instance, South Korea and the EU have partnered to develop a 5G network for local projects by investing more than USD 1.5 billion. This is expected to curb the rising number of road accidents. Integrated connectivity solutions are growing in the connected car market due to the demand for seamless, all-encompassing user experiences that combine safety, entertainment, and efficiency within a unified and interconnected framework. Today's drivers and passengers no longer perceive their vehicles as mere modes of transportation but as extensions of their digital lifestyles. Consequently, there is a growing insistence on a comprehensive and streamlined driving experience that transcends isolated features, encompassing safety, entertainment, navigation, and efficiency in a cohesive manner. Integrated connectivity solutions emerge as a strategic response to this demand, presenting a paradigm where various functionalities are seamlessly intertwined within a unified platform. Consider a connected car equipped with these integrated solutions: it not only provides real-time traffic updates for efficient navigation but also simultaneously offers a diverse array of in-car entertainment options. Meanwhile, it seamlessly integrates advanced driver assistance features, augmenting safety on the road. The beauty of this integrated approach lies in its ability to allow users to transition effortlessly between different facets of their driving experience without encountering the disjointedness often associated with standalone systems. This pursuit of integrated connectivity solutions underscores the industry's recognition of the need for a connected ecosystem that caters to the multifaceted requirements of modern drivers and passengers. Automotive manufacturers and technology providers are fervently developing and refining these integrated solutions, aiming to create a unified and intuitive driving experience that goes beyond individual features. Driver assistance applications are witnessing growth in the connected car market due to their pivotal role in enhancing road safety, reducing accidents, and providing an added layer of convenience and comfort for drivers. The surge in the popularity and adoption of driver assistance applications within the connected car market is fundamentally rooted in the pursuit of a safer, more efficient, and enjoyable driving experience. As roadways become increasingly congested and the complexity of urban environments rises, there is a growing realization within the automotive industry and among consumers that advanced technologies can play a crucial role in mitigating risks and improving overall road safety. Driver assistance applications, encompassing features like adaptive cruise control, lane departure warnings, automatic emergency braking, and parking assistance, act as virtual co-pilots, providing real-time assistance and interventions to the driver. These applications leverage an array of sensors, cameras, radar, and lidar systems to monitor the vehicle's surroundings and make split-second decisions to enhance safety. For instance, adaptive cruise control adjusts the vehicle's speed based on the flow of traffic, while lane departure warnings alert the driver if they unintentionally drift out of their lane. Automatic emergency braking intervenes to prevent or mitigate collisions, significantly reducing the likelihood of accidents. In addition to safety benefits, driver assistance applications also contribute to the overall driving experience by offering added convenience and reducing driver fatigue. Features like parking assistance make maneuvering in tight spaces more manageable, while semi-autonomous driving functionalities pave the way for a more relaxed and comfortable driving experience. The growing emphasis on road safety, coupled with advancements in sensor technologies and artificial intelligence, has fueled the expansion of driver assistance applications within the connected car market. The Original Equipment Manufacturer (OEM) end market is growing in the connected car market due to an increasing consumer demand for seamlessly integrated, factory-installed connected car features that offer optimal performance, reliability, and compatibility with the overall vehicle design. The robust growth of the OEM end market within the connected car sector is intricately tied to the shifting preferences of today's consumers. Modern car buyers are increasingly seeking vehicles that seamlessly integrate advanced technologies, connectivity, and smart features as integral components of the overall driving experience. Original Equipment Manufacturers (OEMs) play a pivotal role in meeting this demand by offering factory-installed connected car features that are tightly integrated into the vehicle's design and architecture. Unlike aftermarket solutions, OEM-integrated connected car features are designed from the ground up, ensuring optimal performance, reliability, and compatibility with the vehicle's existing systems. Consumers are drawn to the convenience and reliability of having connected car functionalities seamlessly integrated during the manufacturing process. These integrated systems often include in-dash infotainment systems, advanced driver assistance features, telematics solutions, and more. The OEM end market's growth is also fueled by the desire for a unified and cohesive user experience, where connected features complement the vehicle's aesthetics and functionality seamlessly. As a result, consumers are increasingly valuing factory-installed solutions that don't disrupt the vehicle's interior design, ensuring a more streamlined and aesthetically pleasing integration. Furthermore, OEMs are well-positioned to leverage their deep understanding of vehicle design, engineering, and safety standards to deliver comprehensive connected car solutions. The seamless integration of these features at the manufacturing stage not only enhances the overall user experience but also ensures that the connected components are optimized for the specific vehicle model, contributing to better performance and reliability.

Connected Car Market Regional Insights

The connected car market is flourishing in North America primarily due to a high level of consumer awareness, robust technological infrastructure, and a strong automotive industry focus on innovation, resulting in a growing demand for advanced connected car features and services. North America's notable growth in the connected car market can be attributed to a combination of factors that collectively create a fertile ground for the adoption of connected car technologies. Firstly, the region boasts a high level of consumer awareness and acceptance of emerging technologies, with a discerning market that actively seeks innovative and tech-savvy solutions. This heightened consumer interest drives demand for vehicles equipped with advanced connectivity features, such as in-car infotainment, real-time navigation, and safety-enhancing applications. Secondly, North America benefits from a robust technological infrastructure, providing a solid foundation for the implementation of connected car solutions. The widespread availability of high-speed internet and the ongoing deployment of 4G and 5G networks enhance the reliability and efficiency of connected car services. This infrastructure facilitates seamless communication between vehicles, the cloud, and external systems, enabling features like over-the-air updates, real-time traffic information, and remote diagnostics. Furthermore, the North American automotive industry has demonstrated a strong commitment to innovation and technological advancement. Automakers and technology providers in the region are actively investing in research and development to integrate cutting-edge connectivity solutions into their vehicles. This focus on innovation aligns with consumer expectations, driving the adoption of connected car features across various vehicle segments. Government regulations and initiatives promoting road safety and environmental consciousness also play a role in the growth of the connected car market in North America. Regulatory support for advanced driver assistance systems (ADAS) and the development of smart infrastructure contribute to the region's progressive stance on connected and autonomous vehicles. Additionally, the presence of key industry players, technology hubs, and research institutions in North America fosters a collaborative ecosystem that accelerates the development and implementation of connected car technologies. Partnerships between automakers, tech companies, and startups contribute to the creation of comprehensive and sophisticated connected car ecosystems that appeal to consumers.

Key Development

• April 2022 – Airbiquity®, a global leader in connected vehicle services, launched DATAmatic®, a suite of edge data management solutions to address the increasing need for services and tools that help automakers manage and monetize connected vehicle data. The suite includes the DATAmatic Edge Data Platform and DATAmatic Edge Data Logger. • January 2022 – Airbiquity®, a global leader in connected vehicle services, announced an advancement in its collaboration with Renesas, a premier supplier of advanced semiconductor solutions. This expanded technology integration involves the Renesas R-Car S4 system-on-chip (SoC) and the Airbiquity OTAmatic® software management platform. • In April 2022, Obigo Inc. (Obigo) and Korea Electric Technology Institute (KETI) collaborated to develop 5G-NR-V2X technologies for connected and autonomous automobiles. • In January 2022, Aptiv PLC announced a next-generation advanced driver-assistance system (ADAS) for driverless and electrified vehicles. Because of Aptiv's scalable architecture will help to reduce the cost of software-driven automobiles.

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Companies Mentioned

  • Panasonic Corporation
  • BMW Group
  • Ford Motors
  • Tesla
  • Volkswagen
  • Samsung Corporation Limited
  • Robert Bosch GmbH
  • Aptiv Plc
  • Magna International Inc.
  • Visteon Corporation.
  • ZF Friedrichshafen AG
  • Infineon Technologies AG
  • AT&T Inc
  • Denso Corporation
  • TomTom N.V.
  • The Mercedes-Benz Group AG
  • Continental AG
  • Tata Elxsi Ltd.
  • Sierra Wireless
  • Uno Minda Limited
Company mentioned

Table of Contents

  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Connected Cars Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Technology
  • 6.5. Market Size and Forecast, By Connectivity Solutions
  • 6.6. Market Size and Forecast, By Application
  • 6.7. Market Size and Forecast, By End Market
  • 7. North America Connected Cars Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Technology
  • 7.4. Market Size and Forecast, By Connectivity Solutions
  • 7.5. Market Size and Forecast, By Application
  • 7.6. Market Size and Forecast, By End Market
  • 7.7. United States Connected Cars Market Outlook
  • 7.7.1. Market Size By Value
  • 7.7.2. Market Size and Forecast By Technology
  • 7.7.3. Market Size and Forecast By Connectivity Solutions
  • 7.7.4. Market Size and Forecast By End Market
  • 7.8. Canada Connected Cars Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Technology
  • 7.8.3. Market Size and Forecast By Connectivity Solutions
  • 7.8.4. Market Size and Forecast By End Market
  • 7.9. Mexico Connected Cars Market Outlook
  • 7.9.1. Market Size By Value
  • 7.9.2. Market Size and Forecast By Technology
  • 7.9.3. Market Size and Forecast By Connectivity Solutions
  • 7.9.4. Market Size and Forecast By End Market
  • 8. Europe Connected Cars Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Technology
  • 8.4. Market Size and Forecast, By Connectivity Solutions
  • 8.5. Market Size and Forecast, By Application
  • 8.6. Market Size and Forecast, By End Market
  • 8.7. Germany Connected Cars Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Size and Forecast By Technology
  • 8.7.3. Market Size and Forecast By Connectivity Solutions
  • 8.7.4. Market Size and Forecast By End Market
  • 8.8. United Kingdom Connected Cars Market Outlook
  • 8.8.1. Market Size By Value
  • 8.8.2. Market Size and Forecast By Technology
  • 8.8.3. Market Size and Forecast By Connectivity Solutions
  • 8.8.4. Market Size and Forecast By End Market
  • 8.9. France Connected Cars Market Outlook
  • 8.9.1. Market Size By Value
  • 8.9.2. Market Size and Forecast By Technology
  • 8.9.3. Market Size and Forecast By Connectivity Solutions
  • 8.9.4. Market Size and Forecast By End Market
  • 8.10. Italy Connected Cars Market Outlook
  • 8.10.1. Market Size By Value
  • 8.10.2. Market Size and Forecast By Technology
  • 8.10.3. Market Size and Forecast By Connectivity Solutions
  • 8.10.4. Market Size and Forecast By End Market
  • 8.11. Spain Connected Cars Market Outlook
  • 8.11.1. Market Size By Value
  • 8.11.2. Market Size and Forecast By Technology
  • 8.11.3. Market Size and Forecast By Connectivity Solutions
  • 8.11.4. Market Size and Forecast By End Market
  • 8.12. Russia Connected Cars Market Outlook
  • 8.12.1. Market Size By Value
  • 8.12.2. Market Size and Forecast By Technology
  • 8.12.3. Market Size and Forecast By Connectivity Solutions
  • 8.12.4. Market Size and Forecast By End Market
  • 9. Asia-Pacific Connected Cars Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Technology
  • 9.4. Market Size and Forecast, By Connectivity Solutions
  • 9.5. Market Size and Forecast, By Application
  • 9.6. Market Size and Forecast, By End Market
  • 9.7. China Connected Cars Market Outlook
  • 9.7.1. Market Size By Value
  • 9.7.2. Market Size and Forecast By Technology
  • 9.7.3. Market Size and Forecast By Connectivity Solutions
  • 9.7.4. Market Size and Forecast By End Market
  • 9.8. Japan Connected Cars Market Outlook
  • 9.8.1. Market Size By Value
  • 9.8.2. Market Size and Forecast By Technology
  • 9.8.3. Market Size and Forecast By Connectivity Solutions
  • 9.8.4. Market Size and Forecast By End Market
  • 9.9. India Connected Cars Market Outlook
  • 9.9.1. Market Size By Value
  • 9.9.2. Market Size and Forecast By Technology
  • 9.9.3. Market Size and Forecast By Connectivity Solutions
  • 9.9.4. Market Size and Forecast By End Market
  • 9.10. Australia Connected Cars Market Outlook
  • 9.10.1. Market Size By Value
  • 9.10.2. Market Size and Forecast By Technology
  • 9.10.3. Market Size and Forecast By Connectivity Solutions
  • 9.10.4. Market Size and Forecast By End Market
  • 9.11. South Korea Connected Cars Market Outlook
  • 9.11.1. Market Size By Value
  • 9.11.2. Market Size and Forecast By Technology
  • 9.11.3. Market Size and Forecast By Connectivity Solutions
  • 9.11.4. Market Size and Forecast By End Market
  • 10. South America, Middle East & Africa Connected Cars Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Region
  • 10.3. Market Size and Forecast, By Technology
  • 10.4. Market Size and Forecast, By Connectivity Solutions
  • 10.5. Market Size and Forecast, By Application
  • 10.6. Market Size and Forecast, By End Market
  • 11. Competitive Landscape
  • 11.1. Competitive Dashboard
  • 11.2. Business Strategies Adopted by Key Players
  • 11.3. Key Players Market Share Insights and Analysis, 2022
  • 11.4. Key Players Market Positioning Matrix
  • 11.5. Porter's Five Forces
  • 11.6. Company Profile
  • 11.6.1. Robert Bosch GmbH
  • 11.6.1.1. Company Snapshot
  • 11.6.1.2. Company Overview
  • 11.6.1.3. Financial Highlights
  • 11.6.1.4. Geographic Insights
  • 11.6.1.5. Business Segment & Performance
  • 11.6.1.6. Product Portfolio
  • 11.6.1.7. Key Executives
  • 11.6.1.8. Strategic Moves & Developments
  • 11.6.2. AT&T Inc
  • 11.6.3. Visteon Corporation
  • 11.6.4. Denso Corporation
  • 11.6.5. TomTom N.V.
  • 11.6.6. Tesla, Inc.
  • 11.6.7. Ford Motor Company
  • 11.6.8. Volkswagen AG
  • 11.6.9. The Mercedes-Benz Group AG
  • 11.6.10. Bayerische Motoren Werke AG
  • 11.6.11. Samsung Group
  • 11.6.12. Aptiv PLC
  • 11.6.13. Continental AG
  • 11.6.14. Magna International Inc
  • 11.6.15. Tata Elxsi Ltd.
  • 11.6.16. Sierra Wireless
  • 11.6.17. Infineon Technologies AG
  • 11.6.18. Panasonic Holdings Corporation
  • 11.6.19. ZF Friedrichshafen AG
  • 11.6.20. Uno Minda Limited
  • 12. Strategic Recommendations
  • 13. Annexure
  • 13.1. FAQ`s
  • 13.2. Notes
  • 13.3. Related Reports
  • 14. Disclaimer

Table 1: Global Connected Cars Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Connected Cars Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Connected Cars Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Connected Cars Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 8: Global Connected Cars Market Size and Forecast, By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 9: Global Connected Cars Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 10: Global Connected Cars Market Size and Forecast, By End Market (2018 to 2029F) (In USD Billion)
Table 11: North America Connected Cars Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 12: North America Connected Cars Market Size and Forecast, By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 13: North America Connected Cars Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 14: North America Connected Cars Market Size and Forecast, By End Market (2018 to 2029F) (In USD Billion)
Table 15: United States Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 16: United States Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 17: United States Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 18: Canada Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 19: Canada Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 20: Canada Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 21: Mexico Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 22: Mexico Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 23: Mexico Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 24: Europe Connected Cars Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 25: Europe Connected Cars Market Size and Forecast, By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 26: Europe Connected Cars Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 27: Europe Connected Cars Market Size and Forecast, By End Market (2018 to 2029F) (In USD Billion)
Table 28: Germany Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 29: Germany Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 30: Germany Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 31: United Kingdom Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 32: United Kingdom Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 33: United Kingdom Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 34: France Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 35: France Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 36: France Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 37: Italy Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 38: Italy Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 39: Italy Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 40: Spain Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 41: Spain Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 42: Spain Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 43: Russia Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 44: Russia Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 45: Russia Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 46: Asia-Pacific Connected Cars Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 47: Asia-Pacific Connected Cars Market Size and Forecast, By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 48: Asia-Pacific Connected Cars Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 49: Asia-Pacific Connected Cars Market Size and Forecast, By End Market (2018 to 2029F) (In USD Billion)
Table 50: China Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 51: China Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 52: China Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 53: Japan Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 54: Japan Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 55: Japan Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 56: India Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 57: India Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 58: India Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 59: Australia Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 60: Australia Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 61: Australia Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 62: South Korea Connected Cars Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 63: South Korea Connected Cars Market Size and Forecast By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 64: South Korea Connected Cars Market Size and Forecast By End Market (2018 to 2029F) (In USD Billion)
Table 65: South America, Middle East & Africa Connected Cars Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 66: South America, Middle East & Africa Connected Cars Market Size and Forecast, By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 67: South America, Middle East & Africa Connected Cars Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 68: South America, Middle East & Africa Connected Cars Market Size and Forecast, By End Market (2018 to 2029F) (In USD Billion)

Figure 1: Global Connected Cars Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Connected Cars Market Share By Region (2023)
Figure 6: North America Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Connected Cars Market Share By Country (2023)
Figure 8: US Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Europe Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Europe Connected Cars Market Share By Country (2023)
Figure 13: Germany Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: UK Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: France Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 16: Italy Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 17: Spain Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 18: Russia Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 19: Asia-Pacific Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 20: Asia-Pacific Connected Cars Market Share By Country (2023)
Figure 21: China Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 22: Japan Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 23: India Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 24: Australia Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 25: South Korea Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 26: South America, Middle East & Africa Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 27: South America, Middle East & Africa Connected Cars Market Share By Country (2023)
Figure 28: Competitive Dashboard of top 5 players, 2023
Figure 29: Market Share insights of key players, 2023
Figure 30: Porter's Five Forces of Global Connected Cars Market

Connected Car Market Research FAQs

The key drivers of the global connected car market include the increasing demand for safety and convenience features, advancements in communication technologies (such as 5G), the pursuit of autonomous driving capabilities, and the growing emphasis on personalized user experiences.

Connected cars enhance road safety through features like collision detection, automatic emergency braking, lane departure warnings, and real-time traffic updates. These systems leverage sensors and communication networks to anticipate and prevent potential accidents.

Original Equipment Manufacturers (OEMs) are crucial in the connected car market as they integrate connectivity features directly into vehicles during the manufacturing process. OEMs collaborate with technology partners to offer factory-installed connected car solutions, ensuring optimal performance and compatibility.

Connectivity is a key enabler for autonomous driving. Connected cars can communicate with each other and with infrastructure, providing real-time data that enhances the capabilities of autonomous vehicles. This communication is essential for ensuring safe and efficient navigation in complex traffic scenarios.

The connected car market faces challenges such as cybersecurity threats, fragmented regulatory landscapes, supply chain disruptions, and the need for standardized communication protocols. Overcoming these challenges is crucial for the sustainable growth of the industry.

The implementation of 5G technology significantly impacts connected cars by providing high-speed, low-latency connectivity. 5G enables seamless communication between vehicles, infrastructure, and the cloud, supporting advanced applications like real-time traffic updates, high-definition mapping, and immersive in-car entertainment.

Telematics in connected cars involves the collection and transmission of real-time data related to vehicle performance, fuel efficiency, and maintenance needs. This data is utilized for remote diagnostics, predictive maintenance, and efficient fleet management, leading to cost savings for both consumers and businesses.

Future trends in the connected car market include the continued development of autonomous driving technology, the integration of edge computing for faster data processing, the expansion of connected car services in smart city ecosystems, and the rise of AI-driven personalization for a more customized in-car experience.
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Global Connected Car Market Outlook, 2029

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