PUBLISHER: BIS Research | PRODUCT CODE: 1716261
PUBLISHER: BIS Research | PRODUCT CODE: 1716261
Europe Connected Car Market: Focus on Application, Vehicle Type, Network Type, Sales Channel, Form, Transponder, Hardware, and Country-Level Analysis - Analysis and Forecast, 2024-2034
Introduction to Europe Connected Car Market
The Europe connected car market is projected to reach $130.29 billion by 2034 from $26.52 billion in 2024, growing at a CAGR of 17.26% during the forecast period 2024-2034. The rapid integration of C-V2X communication, AI-powered mobility services, and widespread 5G deployment in Europe are being driven by growing consumer demand for better safety, infotainment, and telematics solutions. OEMs and fleets are adopting them more quickly due to the EU's strict Euro NCAP safety ratings, impending Euro 7 emissions regulations, and aggressive electrification and autonomous goals. Connected mobility platforms, smart telematics, and over-the-air software updates are being heavily invested in by major European players like Continental AG, Bosch, Valeo, Daimler, Volkswagen, and up-and-coming software-defined vehicle specialists. Europe is establishing itself as a global leader in next-generation automotive connection and mobility-as-a-service solutions with the help of EU innovation projects (Horizon Europe, Digital Europe) and coordinated C-ITS pilot corridors.
Market Introduction
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2024 - 2034 |
| 2024 Evaluation | $26.52 Billion |
| 2034 Forecast | $130.29 Billion |
| CAGR | 17.26% |
The integration of digital, telecommunications, and automotive technologies is causing a rapid transformation of the connected car sector in Europe. Advanced telematics, entertainment systems, real-time navigation, predictive maintenance alerts, and vehicle-to-everything (V2X) communication capabilities are now all integrated into European connected cars. In line with the EU's larger objectives for digital mobility, emissions reduction, and road safety enhancements, these technologies make driving safer, smarter, and more efficient.
Growing consumer expectations for seamless digital experiences and stricter laws requiring improved safety features, emissions monitoring, and interoperability standards are driving a dramatic increase in demand for connected cars. OEMs are embracing intelligent connection solutions more quickly thanks to initiatives like the Euro NCAP's safety criteria and the impending Euro 7/VII rules. Additionally, a supportive environment for connected mobility is being created by the development of 5G networks, the growth of cooperative intelligent transport systems (C-ITS), and investments in smart city infrastructure.
Software-defined vehicles that can receive updates over the air and support autonomous capabilities are being developed by major automakers and Tier-1 suppliers in partnership with telecom companies and IT heavyweights. Notwithstanding the encouraging trend, issues including cybersecurity threats, data privacy issues, high implementation costs, and legislative fragmentation throughout Europe continue to exist. However, as connectivity becomes increasingly important to the future of mobility, the market is expected to increase steadily.
Market Segmentation
Segmentation 1: by Application
- Mobility Management
- Telematics
- Infotainment
- Driver Assistance
- Navigation
- Others (eCall, Autopilot, Remote Diagnostics, Home Integration)
Segmentation 2: by Vehicle Type
- Internal Combustion Engine (ICE) Vehicle
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
Segmentation 3: by Network Type
- Operational Data
- Dedicated Short-Range Communication (DSRC)
- Cellular
- Satellite
Segmentation 4: by Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Segmentation 5: by Form
- Embedded
- Integrated
Segmentation 6: by Transponder
- Onboard Unit
- Roadside Unit
Segmentation 7: by Hardware
- Head Unit
- Central Gateway
- Intelligent Antennas
- Electronic Control Unit (ECU)
- Telematics Control Unit
- Keyless Entry System
- Sensors
Segmentation 8: by Region
- Europe (Germany, France, U.K., Italy, and Rest-of-Europe)
Europe Connected Car Market Trends, Drivers and Challenges-
Trends
C-V2X communication, 5G connectivity, and AI-powered mobility solutions are all contributing to the fast growth of the connected automobile market in Europe. With the ability to provide predictive maintenance, real-time over-the-air (OTA) updates, and improved in-vehicle personalisation, software-defined vehicles are becoming more and more popular. Innovation in data-driven services and autonomous driving features is being fuelled by expanding partnerships among telecom providers, digital businesses, and OEMs. Cooperative intelligent transport systems (C-ITS) corridors and mobility-as-a-service (MaaS) platforms are changing urban transportation in key European cities.
Drivers
Strict EU laws, such the impending Euro 7/VII emissions standards and the mandated Euro NCAP safety requirements, are important drivers of the use of linked technologies. Deployment is accelerating due to rising consumer demand for improved navigation, entertainment, and safety features. The deployment of strong network infrastructures is closely related to the drive towards autonomous driving and vehicle electrification. Market expansion is further supported by significant EU financing through national smart mobility projects and programs like Horizon Europe.
Challenges
Smaller OEMs and fleet operators face obstacles because to high implementation costs, particularly for full 5G V2X ecosystems. Cross-border interoperability is made more difficult by member state policies that are fragmented. OEMs are challenged to safeguard connected platforms due to growing cybersecurity risks and GDPR data privacy concerns. Furthermore, fleets of outdated cars impede the complete shift to interconnected ecosystems, necessitating hybrid approaches.
How can this report add value to an organization?
This report adds value to an organization by providing in-depth insights into the Europe connected car market, enabling informed decision-making and strategic planning. It highlights emerging technologies, market trends, and competitive dynamics, helping organizations identify growth opportunities and align their offerings with industry demands. The report's detailed segmentation and regional analysis support targeted market entry strategies, while its coverage of regulatory frameworks and cybersecurity measures ensures compliance with evolving industry standards. By leveraging this report, organizations can drive innovation, enhance operational efficiency, and gain a competitive edge in the rapidly evolving connected mobility ecosystem, ensuring sustainable growth and technological leadership.
Key Market Players and Competition Synopsis
The companies that are profiled in the Europe connected car market have been selected based on inputs gathered from primary experts who have analyzed company coverage, product portfolio, and market penetration.
Some of the prominent names in this market are:
- Continental AG
- Robert Bosch GmbH
- TomTom International BV
- Valeo
- AUDI AG
- Aptiv
- HERE Technologies
- Intellias
Companies not part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
Table of Contents
Executive Summary
Scope and Definition
1 Markets
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Increasing Consumer Focus on Enhanced Anti-Theft Solutions
- 1.1.2 Growing Popularity of Usage-Based Insurance (UBI)
- 1.2 Supply Chain Overview
- 1.2.1 Value Chain Analysis
- 1.2.2 Pricing Forecast
- 1.3 Research and Development Review
- 1.3.1 Patent Filing Trend (by Country and Company)
- 1.4 Regulatory Landscape
- 1.5 Stakeholder Analysis
- 1.5.1 Use Case
- 1.5.2 End User and Buying Criteria
- 1.6 Impact Analysis for Key Events
- 1.6.1 COVID-19
- 1.6.2 Russia/Ukraine War
- 1.7 Market Dynamics: Overview
- 1.7.1 Market Drivers
- 1.7.1.1 Integration of Advanced Mobility Solutions
- 1.7.1.2 Growing Demand for Premium Vehicles Owing to Inclination of Consumers toward Comfort and Luxury
- 1.7.2 Market Restraints
- 1.7.2.1 Lack of Connectivity Infrastructure to Restrain Growth
- 1.7.2.2 Challenges in Ensuring Data Privacy and Security
- 1.7.3 Market Opportunities
- 1.7.3.1 Integration with Home Automation Systems
- 1.7.3.2 Leveraging Data for Monetization Opportunities
- 1.7.1 Market Drivers
2 Region
- 2.1 Regional Summary
- 2.2 Europe
- 2.2.1 Regional Overview
- 2.2.2 Driving Factors for Market Growth
- 2.2.3 Factors Challenging the Market
- 2.2.4 Application
- 2.2.5 Product
- 2.2.6 Europe (by Country)
- 2.2.6.1 Germany
- 2.2.6.1.1 Application
- 2.2.6.1.2 Product
- 2.2.6.2 France
- 2.2.6.2.1 Application
- 2.2.6.2.2 Product
- 2.2.6.3 U.K.
- 2.2.6.3.1 Application
- 2.2.6.3.2 Product
- 2.2.6.4 Italy
- 2.2.6.4.1 Application
- 2.2.6.4.2 Product
- 2.2.6.5 Rest-of-Europe
- 2.2.6.5.1 Application
- 2.2.6.5.2 Product
- 2.2.6.1 Germany
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Next Frontiers
- 3.2 Geographic Assessment
- 3.3 Company Profiles
- 3.3.1 Continental AG
- 3.3.1.1 Overview
- 3.3.1.2 Top Products/Product Portfolio
- 3.3.1.3 Top Competitors
- 3.3.1.4 Target Customers/End Users
- 3.3.1.5 Key Personnel
- 3.3.1.6 Analyst View
- 3.3.1.7 Market Share, 2023
- 3.3.2 Robert Bosch GmbH
- 3.3.2.1 Overview
- 3.3.2.2 Top Products/Product Portfolio
- 3.3.2.3 Top Competitors
- 3.3.2.4 Target Customers/End Users
- 3.3.2.5 Key Personnel
- 3.3.2.6 Analyst View
- 3.3.2.7 Market Share, 2023
- 3.3.3 TomTom International BV
- 3.3.3.1 Overview
- 3.3.3.2 Top Products/Product Portfolio
- 3.3.3.3 Top Competitors
- 3.3.3.4 Target Customers/End Users
- 3.3.3.5 Key Personnel
- 3.3.3.6 Analyst View
- 3.3.3.7 Market Share, 2023
- 3.3.4 HERE
- 3.3.4.1 Overview
- 3.3.4.2 Top Products/Product Portfolio
- 3.3.4.3 Top Competitors
- 3.3.4.4 Target Customers/End Users
- 3.3.4.5 Key Personnel
- 3.3.4.6 Analyst View
- 3.3.4.7 Market Share, 2023
- 3.3.5 Valeo
- 3.3.5.1 Overview
- 3.3.5.2 Top Products/Product Portfolio
- 3.3.5.3 Top Competitors
- 3.3.5.4 Target Customers/End Users
- 3.3.5.5 Key Personnel
- 3.3.5.6 Analyst View
- 3.3.5.7 Market Share, 2023
- 3.3.6 Intellias
- 3.3.6.1 Overview
- 3.3.6.2 Top Products/Product Portfolio
- 3.3.6.3 Top Competitors
- 3.3.6.4 Target Customers/End Users
- 3.3.6.5 Key Personnel
- 3.3.6.6 Analyst View
- 3.3.6.7 Market Share, 2023
- 3.3.7 AUDI AG
- 3.3.7.1 Overview
- 3.3.7.2 Top Products/Product Portfolio
- 3.3.7.3 Top Competitors
- 3.3.7.4 Target Customers/End Users
- 3.3.7.5 Key Personnel
- 3.3.7.6 Analyst View
- 3.3.7.7 Market Share, 2023
- 3.3.8 Aptiv
- 3.3.8.1 Overview
- 3.3.8.2 Top Products/Product Portfolio
- 3.3.8.3 Top Competitors
- 3.3.8.4 Target Customers/End Users
- 3.3.8.5 Key Personnel
- 3.3.8.6 Analyst View
- 3.3.8.7 Market Share, 2023
- 3.3.1 Continental AG
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Europe Connected Car Market (by Scenario), $Billion, 2024, 2027, and 2034
- Figure 2: Europe Connected Car Market (by Application), $Billion, 2023, 2027, and 2034
- Figure 3: Europe Connected Car Market (by Vehicle Type), $Billion, 2023, 2027, and 2034
- Figure 4: Europe Connected Car Market (by Network Type), $Billion, 2023, 2027, and 2034
- Figure 5: Europe Connected Car Market (by Sales Channel), $Billion, 2023, 2027, and 2034
- Figure 6: Europe Connected Car Market (by Form), $Billion, 2023, 2027, and 2034
- Figure 7: Europe Connected Car Market (by Transponder), $Billion, 2023, 2027, and 2034
- Figure 8: Europe Connected Car Market (by Hardware), $Billion, 2023, 2027, and 2034
- Figure 9: Key Events
- Figure 10: Vehicle Theft Incidents for 2019 and 2023 (Per 10,000 People)
- Figure 11: Breakdown of Motor Vehicle Theft (by Vehicle Type), 2019-2023
- Figure 12: Supply Chain and Risks within the Supply Chain
- Figure 13: Value Chain Analysis
- Figure 14: Connected Car Market Pricing Forecast, $/Car Technology, 2023-2034
- Figure 15: Patent Analysis (by Country), January 2021-November 2024
- Figure 16: Patent Analysis (by Company), January 2021-November 2024
- Figure 17: Impact Analysis of Market Navigating Factors, 2023-2034
- Figure 18: Estimated Percent of Registered Vehicles by ADAS Feature, 2020 and 2026
- Figure 19: Imported Luxury Car Sales in South Korea, Units, 2018-2023
- Figure 20: Germany Connected Car Market, $Billion, 2023-2034
- Figure 21: France Connected Car Market, $Billion, 2023-2034
- Figure 22: U.K. Connected Car Market, $Billion, 2023-2034
- Figure 23: Italy Connected Car Market, $Billion, 2023-2034
- Figure 24: Rest-of-Europe Connected Car Market, $Billion, 2023-2034
- Figure 25: Strategic Initiatives, January 2021-November 2024
- Figure 26: Data Triangulation
- Figure 27: Top-Down and Bottom-Up Approach
- Figure 28: Assumptions and Limitations
List of Tables
- Table 1: Market Snapshot
- Table 2: Opportunities across Region
- Table 3: Competitive Landscape Snapshot
- Table 4: Trends Overview
- Table 5: Top-Ranking UBI Insurers (by Region) and Customer Satisfaction Scores
- Table 6: Regulatory Landscape for the Connected Car Market
- Table 7: Connected Car Market (by Region), $Billion, 2023-2034
- Table 8: Europe Connected Car Market (by Application), $Billion, 2023-2034
- Table 9: Europe Connected Car Market (by Vehicle Type), $Billion, 2023-2034
- Table 10: Europe Connected Car Market (by Network Type), $Billion, 2023-2034
- Table 11: Europe Connected Car Market (by Sales Channel), $Billion, 2023-2034
- Table 12: Europe Connected Car Market (by Form), $Billion, 2023-2034
- Table 13: Europe Connected Car Market (by Transponder), $Billion, 2023-2034
- Table 14: Europe Connected Car Market (by Hardware), $Billion, 2023-2034
- Table 15: Germany Connected Car Market (by Application), $Billion, 2023-2034
- Table 16: Germany Connected Car Market (by Vehicle Type), $Billion, 2023-2034
- Table 17: Germany Connected Car Market (by Network Type), $Billion, 2023-2034
- Table 18: Germany Connected Car Market (by Sales Channel), $Billion, 2023-2034
- Table 19: Germany Connected Car Market (by Form), $Billion, 2023-2034
- Table 20: Germany Connected Car Market (by Transponder), $Billion, 2023-2034
- Table 21: Germany Connected Car Market (by Hardware), $Billion, 2023-2034
- Table 22: France Connected Car Market (by Application), $Billion, 2023-2034
- Table 23: France Connected Car Market (by Vehicle Type), $Billion, 2023-2034
- Table 24: France Connected Car Market (by Network Type), $Billion, 2023-2034
- Table 25: France Connected Car Market (by Sales Channel), $Billion, 2023-2034
- Table 26: France Connected Car Market (by Form), $Billion, 2023-2034
- Table 27: France Connected Car Market (by Transponder), $Billion, 2023-2034
- Table 28: France Connected Car Market (by Hardware), $Billion, 2023-2034
- Table 29: U.K. Connected Car Market (by Application), $Billion, 2023-2034
- Table 30: U.K. Connected Car Market (by Vehicle Type), $Billion, 2023-2034
- Table 31: U.K. Connected Car Market (by Network Type), $Billion, 2023-2034
- Table 32: U.K. Connected Car Market (by Sales Channel), $Billion, 2023-2034
- Table 33: U.K. Connected Car Market (by Form), $Billion, 2023-2034
- Table 34: U.K. Connected Car Market (by Transponder), $Billion, 2023-2034
- Table 35: U.K. Connected Car Market (by Hardware), $Billion, 2023-2034
- Table 36: Italy Connected Car Market (by Application), $Billion, 2023-2034
- Table 37: Italy Connected Car Market (by Vehicle Type), $Billion, 2023-2034
- Table 38: Italy Connected Car Market (by Network Type), $Billion, 2023-2034
- Table 39: Italy Connected Car Market (by Sales Channel), $Billion, 2023-2034
- Table 40: Italy Connected Car Market (by Form), $Billion, 2023-2034
- Table 41: Italy Connected Car Market (by Transponder), $Billion, 2023-2034
- Table 42: Italy Connected Car Market (by Hardware), $Billion, 2023-2034
- Table 43: Rest-of-Europe Connected Car Market (by Application), $Billion, 2023-2034
- Table 44: Rest-of-Europe Connected Car Market (by Vehicle Type), $Billion, 2023-2034
- Table 45: Rest-of-Europe Connected Car Market (by Network Type), $Billion, 2023-2034
- Table 46: Rest-of-Europe Connected Car Market (by Sales Channel), $Billion, 2023-2034
- Table 47: Rest-of-Europe Connected Car Market (by Form), $Billion, 2023-2034
- Table 48: Rest-of-Europe Connected Car Market (by Transponder), $Billion, 2023-2034
- Table 49: Rest-of-Europe Connected Car Market (by Hardware), $Billion, 2023-2034
- Table 50: Market Share,2023
