Growth opportunities in the global connected car market look promising over the next six years. the rising demand for improved user comfort and the growing trend of in-vehicle connectivity solution among the target consumers are the key factors driving the growth of the global connected car market.
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Introduction of the Connected Car Market:
A connected car is a vehicle connected to the internet, generally via a wireless local area network (WLAN), that enables the car to share internet access and data with other devices inside and outside the car. The internet connections send collisions, traffic warnings, and other safety alerts to the vehicle. A connected car assists with a large variety of potentially useful functions include the car's traffic monitoring shows traffic information, which helps the driver to decide whether to hold-up on the route or follow the best alternative route provided by the system. The connected car offers remarkable advantages such as internet radio, roadside assistance, voice commands, collision warning, and contextual help, which improves the driver's overall experience.
Connected Car Market Dynamics (Including market share, size, research, analysis, and trends)
The significant factors driving the growth of the global connected car market include the rising demand for improved user comfort and the growing trend of in-vehicle connectivity solutions among the target consumers. According to the connected car market research, the consumers are now ready to stay connected with the outer world, even while traveling. The in-vehicle connectivity solution helps the user sync their smartphones with the vehicle's connectivity system and enables the user to make/receive phone calls, thus attracting many consumers towards the adoption of connected cars during the forecast period.
Several multinational giants are widely aiming to develop advanced connecting systems that work like smartphones and tablets of the end-user, which will enhance the demand for the connected car market size. According to the connected car market analysis, incorporation of advanced diagnostic system in the connected car will further boost the growth of the market. The diagnostic system will monitor the vehicle's smoke emission, fuel consumption, thus keeping track of the overall health of the engine. The rising government initiatives towards development in the intelligent transportation system to enhance the driver's and passenger's safety is one of the emerging connected car market trend, which will further propel the growth of the connected car market share in terms of the revenue. On the other edge of the spectrum, the breaking risk of the in-vehicle connectivity system will hinder the growth of the global connected car market in the upcoming years.
Key Players of the Global Connected Car Market:
• Continental AG
• Robert Bosch GmbH.
• Airbiquity Inc.
• Cloudmade
• Tesla
• Ford Motor Company
• AT & T
• Qualcomm Technologies, Inc.
• TomTom International BV.
• Sierra Wireless
Connected Car Market Segmentation:
Global Connected Car Market Report Segment 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
Global Connected Car Market Report Segment by Form:
• Operational Data
• Embedded
• Tethered
• Integrated Convenience Stores
Global Connected Car Market Report Segment by End Market:
• Original Equipment Manufacturer (OEM)
• Aftermarket Tethered
Global Connected Car Market Report Segment by Hardware:
• Head Unit
• Central Gateway (CGW)
• Intelligent Antenna
• Electronic Control Unit (ECU)
• Telematic Control Unit (TCU)
• Keyless Entry Systems
• Sensors
Global Connected Car Market Report Segment by Transponder:
• Onboard Unit
• Roadside Unit
Global Connected Car Market Report Segment by Network:
• Operational Data
• Dedicated Short Range Communication (DSRC)
• Cellular Roadside Unit
Global Connected Car Market Report Segment by Region:
• North America
o United States of America
o Canada
• Asia Pacific
o China
o Japan
o India
o Rest of APAC
• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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