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Connected Car Trends and Forecast

The future of the global connected car market looks promising with opportunities in the mobility management, telematic, infotainment, and driver assistance markets. The global connected car market is expected to reach an estimated $184.1 billion by 2030 with a CAGR of 16.7% from 2024 to 2030. The major drivers for this market are rising sale of high-end luxury cars, increasing adoption of integrated connectivity, and growing integration of advanced safety and comfort features in the vehicles like advanced driver assistance systems and vehicle infotainment.
Connected Car Market by Network Type, Technology Type, and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Connected Car Market by Segments

Connected Car by Segment

The study includes a forecast for the global connected car by network type, technology type, application, and region

Connected Car Market by Network Type [Shipment Analysis by Value from 2018 to 2030]:


• 3G
• 4G
• 5G
• Satellite

Connected Car Market by Technology Type [Shipment Analysis by Value from 2018 to 2030]:


• Embedded
• Tethered
• Integrated

Connected Car Market by Application [Shipment Analysis by Value from 2018 to 2030]:


• Mobility Management
• Telematics
• Infotainment
• Driver Assistance

Connected Car Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Connected Car Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected car companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected car companies profiled in this report include-
• Continental
• Robert Bosch
• Harman International Industries
• Denso Corporation
• Airbiquity
• Visteon Corporation
• Samsung Electronics
• Sierra Wireless
• Tesla
• Daimler

Connected Car Market Insights

Lucintel forecasts that integrated is expected to witness highest growth over the forecast period because it provides unlimited data sharing possibilities and is affordable as compare to other systems.
Mobility management will remain the highest growing segment because it enables the driver to reach the destination safely in the shortest time and it provides important information such as, extreme weather and road conditions and real-time routes to avoid external hazards.
APAC is expected to witness largest region over the forecast period due to increasing penetration of connectivity features in the latest car models and growing demand for digital features in vehicles, especially in developing countries like China and India.

Features of the Global Connected Car Market

Market Size Estimates: Connected car market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Connected car market size by various segments, such as by network type, technology type, application, and region in terms of value ($B).
Regional Analysis: Connected Car Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different network types, technology types, applications, and regions for the connected car market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected car market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the connected car market size?
Answer: The global connected car market is expected to reach an estimated $184.1 billion by 2030.
Q.2 What is the growth forecast for connected car market?
Answer: The global connected car market is expected to grow with a cagr of 16.7% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the connected car market?
Answer: The major drivers for this market are rising sale of high-end luxury cars, increasing adoption of integrated connectivity, and growing integration of advanced safety and comfort features in the vehicles like advanced driver assistance systems and vehicle infotainment.
Q4. What are the major segments for connected car market?
Answer: The future of the global connected car market looks promising with opportunities in the mobility management, telematic, infotainment, and driver assistance markets.
Q5. Who are the key connected car market companies?
Answer: Some of the key connected car companies are as follows:
• Continental
• Robert Bosch
• Harman International Industries
• DENSO Corporation
• Airbiquity
• Visteon Corporation
• Samsung Electronics
• Sierra Wireless
• Tesla
• Daimler
Q6. Which connected car market segment will be the largest in future?
Answer: Lucintel forecasts that integrated is expected to witness highest growth over the forecast period because it provides unlimited data sharing possibilities and is affordable as compare to other systems.
Q7. In connected car market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness largest region over the forecast period due to increasing penetration of connectivity features in the latest car models and growing demand for digital features in vehicles, especially in developing countries like China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the connected car market by network type (3G, 4G, 5G, and satellite), technology type (embedded, tethered, and integrated), application (mobility management, telematics, infotainment, and driver assistance), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Connected Car Market, Connected Car Market Size, Connected Car Market Growth, Connected Car Market Analysis, Connected Car Market Report, Connected Car Market Share, Connected Car Market Trends, Connected Car Market Forecast, Connected Car Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Connected Car Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Connected Car Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Connected Car Market by Network Type
3.3.1: 3G
3.3.2: 4G
3.3.3: 5G
3.3.4: Satellite
3.4: Global Connected Car Market by Technology Type
3.4.1: Embedded
3.4.2: Tethered
3.4.3: Integrated
3.5: Global Connected Car Market by Application
3.5.1: Mobility Management
3.5.2: Telematics
3.5.3: Infotainment
3.5.4: Driver Assistance

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Connected Car Market by Region
4.2: North American Connected Car Market
4.2.1: North American Connected Car Market by Network Type: 3G, 4G, 5G, and Satellite
4.2.2: North American Connected Car Market by Application: Mobility Management, Telematics, Infotainment, and Driver Assistance
4.3: European Connected Car Market
4.3.1: European Connected Car Market by Network Type: 3G, 4G, 5G, and Satellite
4.3.2: European Connected Car Market by Application: Mobility Management, Telematics, Infotainment, and Driver Assistance
4.4: APAC Connected Car Market
4.4.1: APAC Connected Car Market by Network Type: 3G, 4G, 5G, and Satellite
4.4.2: APAC Connected Car Market by Application: Mobility Management, Telematics, Infotainment, and Driver Assistance
4.5: ROW Connected Car Market
4.5.1: ROW Connected Car Market by Network Type: 3G, 4G, 5G, and Satellite
4.5.2: ROW Connected Car Market by Application: Mobility Management, Telematics, Infotainment, and Driver Assistance

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Connected Car Market by Network Type
6.1.2: Growth Opportunities for the Global Connected Car Market by Technology Type
6.1.3: Growth Opportunities for the Global Connected Car Market by Application
6.1.4: Growth Opportunities for the Global Connected Car Market Region
6.2: Emerging Trends in the Global Connected Car Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Connected Car Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Connected Car Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Continental
7.2: Robert Bosch
7.3: Harman International Industries
7.4: DENSO Corporation
7.5: Airbiquity
7.6: Visteon Corporation
7.7: Samsung Electronics
7.8: Sierra Wireless
7.9: Tesla
7.10: Daimler
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.