Lucintel Anticipates that Asia Pacific Will be the Fastest Growing Region in the Connected Cars Market

   September 26, 2019
According to a market report by Lucintel, the future of the connected cars market looks promising with opportunities in the navigation, infotainment, and telematics applications. The connected car market is expected to grow with a CAGR of 16% from 2019 to 2024. The major drivers for this market are increasing demand for connected vehicles, rising demand for safer, more efficient, and convenient driving, and development of information and telecommunication infrastructure.

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Within the connected car market, navigation, infotainment, and telematics are the major applications. Navigation is the largest application for the connected car market.

Vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) are the major communication segments of the connected car market.

Asia Pacific will remain the largest region over the forecast period due to increasing connected car devices in passenger cars and an increase in digital services such as cybersecurity and updates.

Continental, Delphi Automotive, Denso Corporation, Robert Bosch, ZF Friedrichshafen, Autoliv, Valeo, Visteon Corporation, Magna International, Infineon Technologies, Harman International Industries, Panasonic Corporation are among the major suppliers of connected cars.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the connected cars market by technology, by connectivity, by application, by service, and by region. Lucintel has prepared a comprehensive research report titled "Connected Car Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the connected cars market by technology, by connectivity, by application, by service, and by region as follows: 

By Technology [$M shipment analysis for 2013 – 2024]

  • 2G

  • 3G

  • 4G/LTE           

By Connectivity [$M shipment analysis for 2013 – 2024]

  • Embedded

  • Integrated

  • Tethered

By Application [$M shipment analysis for 2013 – 2024]

  • Navigation

  • Infotainment

  • Telematics

By Services [$M shipment analysis for 2013 – 2024]

  • Driver Assistance

  • Safety

  • Entertainment          

  • Vehicle Management

  • Mobility Management

By Region [$M shipment analysis for 2013 – 2024]

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • Russia

    • France

    • United Kingdom

    • Italy

  • Asia Pacific

    • Japan

    • India

    • South Korea

    • Indonesia

    • Turkey

    • China

  • The Rest of the World

    • Brazil

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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