Global Connected Car Market Size by Service and By Region – Forecast, 2020-2027
The GMI Research projects that the Connected Car Market will experience an acceleration in demand over the forecast period. This is because of the growing dependence on technology, soaring adoption by individuals due to the better comfort, ease, and safety, and increasing need for persistent connectivity.
Introduction of the Connected Car Market
The connected car market research states that car refers to a vehicle connected to the internet mainly through a wireless local area network (WLAN), enabling the car to allocate internet access and data to other devices inside and outside the car. They also help perform a huge range of functions like the supervision of car traffic to access the traffic information, which assists the driver to decide whether to sustain –on the route or to go along with the best alternative route suggested by the system.
Key Players of the Market:
- Continental AG
- Airbiquity Inc.
- Robert Bosch GmbH.
- Cloudmade
- Ford Motor Company
- Tesla
- AT & T
- TomTom International BV
- Qualcomm Technologies, Inc.
- Sierra Wireless
Connected Car Market Dynamics
Some of the drivers responsible for the growth of the global connected car market size include the augmenting demand for better comfort level, increasing preference of consumers to retain their association with the outer world while traveling, and the surging tendency of in-vehicle connectivity solutions. The solution helps the user to connect their smartphones with vehicles that enable them to make or receive phone calls, which is thereby encouraging the acquisition of connected cars.
In addition, the rising emphasis by several multinational players to launch sophisticated systems working similar to tablets and smartphones will strengthen the connected car market size. Moreover, the growing incorporation of diagnostic systems to trace the smoke discharge and fuel consumption of the vehicle, i.e., supervising the entire health of the engine, further stimulates market growth.
Furthermore, the surging initiatives by the government to develop smart transportation systems to improve the safety of passengers of drivers further supplement the market growth. However, the apprehension of the destruction of these systems will hinder the connected car market opportunities.
Connected Car Market Segmentation:
Segmentation by Service
- Operational Data
- Navigation
- Remote Diagnostics
- Multimedia Streaming
- Social Media & Other Apps
- Ota Updates
- On-Road Assistance
- E-Call & Sos Assistance
- Cybersecurity
- Remote Operation
- Collision Warning
- Auto Parking/Connected Parking
- Autopilot
- Home Integration
- Vehicle Management
- Asset Tracking
Segmentation by Form
- Operational Data
- Embedded
- Tethered
- Integrated Convenience Stores
Segmentation by End Market
- Original Equipment Manufacturer (OEM)
- Aftermarket Tethered
Segmentation by Hardware
- Head Unit
- Central Gateway (CGW)
- Intelligent Antenna
- Electronic Control Unit (ECU)
- Telematic Control Unit (TCU)
- Keyless Entry Systems
- Sensors
Segmentation by Transponder
- Onboard Unit
- Roadside Unit
Segmentation by Network
- Operational Data
- Dedicated Short Range Communication (DSRC)
- Cellular Roadside Unit
Segmentation by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
About GMI Research
A market research and consulting enterprise, GMI Research, provides small & medium and large organizations with business insights and market research reports. The team of industry experts assist the clients to understand the influence of different market dynamics like size, share, growth opportunities, and other aspects.
The team of analysts conduct market intelligence studies to certify that all required and fact-based research reaches different sectors. The main emphasis of the organization is to comprehend the clients with all the emerging challenges and opportunities in the market via our step-by-step assistance and support. We always look forward to help our clients and business outperform and stay out of the line.
Ravish Kumar