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Market Research Report

Connected Car Solutions

Published by Global Industry Analysts, Inc. Product code 335300
Published Content info 140 Pages
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Connected Car Solutions
Published: July 1, 2020 Content info: 140 Pages
Description

Global Connected Car Solutions Market to Reach $251.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Connected Car Solutions estimated at US$85.4 Billion in the year 2020, is projected to reach a revised size of US$251.5 Billion by 2027, growing at a CAGR of 16.7% over the analysis period 2020-2027. Embedded, one of the segments analyzed in the report, is projected to record a 16.4% CAGR and reach US$117.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Integrated segment is readjusted to a revised 18.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $25.3 Billion, While China is Forecast to Grow at 16.1% CAGR

The Connected Car Solutions market in the U.S. is estimated at US$25.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$43.6 Billion by the year 2027 trailing a CAGR of 16.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.8% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR.

Tethered Segment to Record 14.8% CAGR

In the global Tethered segment, USA, Canada, Japan, China and Europe will drive the 14.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.8 Billion in the year 2020 will reach a projected size of US$38.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.4 Billion by the year 2027.We bring years of research experience to this 20th edition of our report. The 140-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Aeris Communications
  • Airbiquity, Inc.
  • Apple Inc.
  • AT&T, Inc.
  • Audi AG
  • Automotive Grade Linux Foundation
  • Bayerische Motoren Werke AG
  • Cisco Systems Inc.
  • Daimler AG
  • Delphi Automotive LLP
  • Fiat Chrysler Automobiles N.V.
  • Ford Motor Company
  • Freescale Semiconductor Inc
  • General Motors Company
  • Google Inc.
  • Honda Motor Co. Ltd
  • Intel Corporation
  • Intelligent Mechatronic Systems Inc.
  • Microsoft Corp.
  • Nissan Motor Co., Ltd.
  • NXP Semiconductors N.V.
  • Octo Telematics SpA
  • QNX Software Systems Ltd.
  • Qualcomm Inc.
  • Renault Group
  • Robert Bosch GmbH
  • Sierra Wireless
  • Texas Instruments Inc.
  • TomTom International BV
  • Toyota Motor Corp
  • Verizon Communications, Inc.
  • Verizon Telematics Inc.
  • Vodafone Automotive SpA
  • Vodafone Group Plc
  • WirelessCar
Table of Contents
Product Code: MCP-7009

TABLE OF CONTENTS

  • I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Internet of Things: The Technology Platform for Connected Cars
  • Recent Market Activity
  • Connected Cars: The Future of Driving
  • In-Vehicle Infotainment (IVI) Systems to Power First Generation Intelligent Connected Cars
  • Reliable Internet Connectivity: A Vital Prerequisite for Connected Cars
  • Cloud Computing in the Automobile Industry Signals a New Era of Mobility
  • Cloud to Tackle Connected Cars & Their Big Data Challenges
  • Cloud Computing: The Key to Connected Car Data Security
  • Mobile Convergence with the Connected Car: A Fundamental Trend Gains Momentum
  • 4G Mobile Network Technology to Connect Cars at Lightning Internet Speeds
  • Smartphone-to-Car Connectivity: Turning Smartphones into the Control Keys for Connected Cars
  • Rising Number of Web-based Apps to Promote Embedded Connectivity
  • Growing Focus on Safety Spurs Interest in Embedded Connectivity
  • Connected Cars Signal Opportunities for the Telecom Sector
  • With Emerging Markets Projected to Drive Over 60% of Global Auto Industry Profits, China Stands
  • Out as the Global Growth Engine
  • Expanding Middle Class Population in Developing Countries to Boost Demand for Value
  • Added Content Per Car
  • A Peek Into Market Challenges
  • Change in Car Ownership Models to Affect the Market for Connected Car Solutions
  • Incompatibility of Various Platforms Hampers Adoption of Connectivity Solutions
  • Concerns over Data Privacy: A Market Dampener
  • Device Democracy: The Solution to Privacy Issues in Connected Cars
  • Market Outlook
  • Global Competitor Market Shares
  • Connected Car Solutions Competitor Market Share Scenario Worldwide (in %):
  • 020 & 2025
    • Connected Car Solutions Competitor Market Share Scenario Worldwide (in %):
  • 2020 & 2029
    • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

    • Automotive OEMs
    • Audi AG (Germany)
    • Bayerische Motoren Werke AG (Germany)
    • Daimler AG (Germany)
    • Ford Motor Company (USA)
    • Fiat Chrysler Automobiles N.V. (UK)
    • General Motors Company (USA)
    • Honda Motor Co. Ltd (Japan)
    • Nissan Motor Co., Ltd. (Japan)
    • Renault Group (France)
    • Toyota Motor Corp (Japan)
    • Connectivity Technology Providers
    • Automotive Grade Linux Foundation (USA)
    • Airbiquity (USA)
    • Apple Inc. (USA)
    • Delphi Automotive LLP (UK)
    • Freescale Semiconductor Inc (USA)
    • Google Inc. (USA)
    • Harman International (USA)
    • Intel Corporation (USA)
    • Intelligent Mechatronic Systems Inc. (Canada)
    • Cisco (USA)
    • Microsoft Corporation (USA)
    • NXP Semiconductors N.V. (Netherlands)
    • Octo Telematics SpA (Italy)
    • QNX Software Systems Ltd. (Canada)
    • Qualcomm Incorporated (USA)
    • Robert Bosch GmbH (Germany)
    • Texas Instruments Incorporated (USA)
    • TomTom International BV. (The Netherlands)
    • Verizon Telematics Inc. (USA)
    • WirelessCar (Sweden)
    • Telecom Operators
    • Aeris Communications (USA)
  • AT&T (USA)
    • Sierra Wireless (Canada)
    • Vodafone Group Plc (UK)
    • Vodafone Automotive SpA (Italy)
    • Verizon Communications, Inc. (USA)

3. MARKET TRENDS & DRIVERS

    • As Post Recession Recovery Growth in the Automotive Industry Slows Down, Disruptive Technologies Will Drive the Revenue Potential of the Industry
    • Rethinking Revenue Streams: Auto OEMs Focus on Differentiated In-Vehicle Experience to Counterbalance Falling Revenues from Slowing New Car Sales
    • Connected Cars Emerge Into the New Digital Battleground for Auto Makers
    • Growing Investments in ITS: Signals Robust Prospects for "Street to Vehicle" Connectivity
    • Connected Cars to Drive Alternate Revenue Streams for Automakers by Opening up New Growth Avenues in Managed Car Services
    • Growing Demand for In-Vehicle Services: A Positive Sign for Connected Car Solutions
    • Increased Collaboration Along the Automotive Value Chain Bodes Well for Connected Cars
    • Deployment of Mandatory Telematics Extends Regulatory Driven Strength to Embedded Telematics

4. GLOBAL MARKET PERSPECTIVE

    • TABLE 1: Connected Car Solutions Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 2: Connected Car Solutions Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
    • TABLE 3: Embedded (Connectivity Solution) World Market by Region/Country in US$ Million: 2020 to 2027
    • TABLE 4: Embedded (Connectivity Solution) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
    • TABLE 5: Integrated (Connectivity Solution) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
    • TABLE 6: Integrated (Connectivity Solution) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
    • TABLE 7: Tethered (Connectivity Solution) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
    • TABLE 8: Tethered (Connectivity Solution) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • US Connected Car Solutions Market Share (in %) by Company: 2020 & 2025
    • Market Analytics
    • TABLE 9: United States Connected Car Solutions Market Estimates and Projections in US$ Million by Connectivity Solution: 2020 to 2027
    • TABLE 10: United States Connected Car Solutions Market Share Breakdown by Connectivity Solution: 2020 VS 2027
  • CANADA
    • TABLE 11: Canadian Connected Car Solutions Market Estimates and Forecasts in US$ Million by Connectivity Solution: 2020 to 2027
    • TABLE 12: Connected Car Solutions Market in Canada: Percentage Share Breakdown of Sales by Connectivity Solution for 2020 and 2027
  • JAPAN
    • TABLE 13: Japanese Market for Connected Car Solutions: Annual Sales Estimates and Projections in US$ Million by Connectivity Solution for the Period 2020-2027
    • TABLE 14: Japanese Connected Car Solutions Market Share Analysis by Connectivity Solution: 2020 VS 2027
  • CHINA
    • TABLE 15: Chinese Connected Car Solutions Market Growth Prospects in US$ Million by Connectivity Solution for the Period 2020-2027
    • TABLE 16: Chinese Connected Car Solutions Market by Connectivity Solution: Percentage Breakdown of Sales for 2020 and 2027
  • EUROPE
    • Market Facts & Figures
    • European Connected Car Solutions Market: Competitor Market Share Scenario (in %)
    • for 2020 & 2025
    • Market Analytics
    • TABLE 17: European Connected Car Solutions Market Demand Scenario in US$ Million by Region/Country: 2018-2025
    • TABLE 18: European Connected Car Solutions Market Share Shift by Region/Country: 2020 VS 2027
    • TABLE 19: European Connected Car Solutions Market Estimates and Forecasts in US$ Million by Connectivity Solution: 2020-2027
    • TABLE 20: European Connected Car Solutions Market Share Breakdown by Connectivity Solution: 2020 VS 2027
  • FRANCE
    • TABLE 21: Connected Car Solutions Market in France by Connectivity Solution: Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 22: French Connected Car Solutions Market Share Analysis by Connectivity Solution: 2020 VS 2027
  • GERMANY
    • TABLE 23: Connected Car Solutions Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Connectivity Solution for the Period 2020-2027
    • TABLE 24: German Connected Car Solutions Market Share Breakdown by Connectivity Solution: 2020 VS 2027
  • ITALY
    • TABLE 25: Italian Connected Car Solutions Market Growth Prospects in US$ Million by Connectivity Solution for the Period 2020-2027
    • TABLE 26: Italian Connected Car Solutions Market by Connectivity Solution: Percentage Breakdown of Sales for 2020 and 2027
  • UNITED KINGDOM
    • TABLE 27: United Kingdom Market for Connected Car Solutions: Annual Sales Estimates and Projections in US$ Million by Connectivity Solution for the Period 2020-2027
    • TABLE 28: United Kingdom Connected Car Solutions Market Share Analysis by Connectivity Solution: 2020 VS 2027
  • REST OF EUROPE
    • TABLE 29: Rest of Europe Connected Car Solutions Market Estimates and Forecasts in US$ Million by Connectivity Solution: 2020-2027
    • TABLE 30: Rest of Europe Connected Car Solutions Market Share Breakdown by Connectivity Solution: 2020 VS 2027
  • ASIA-PACIFIC
    • TABLE 31: Connected Car Solutions Market in Asia-Pacific by Connectivity Solution: Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 32: Asia-Pacific Connected Car Solutions Market Share Analysis by Connectivity Solution: 2020 VS 2027
  • REST OF WORLD
    • TABLE 33: Rest of World Connected Car Solutions Market Estimates and Forecasts in US$ Million by Connectivity Solution: 2020 to 2027
    • TABLE 34: Connected Car Solutions Market in Rest of World: Percentage Share Breakdown of Sales by Connectivity Solution for 2020 and 2027

IV. COMPETITION

  • Total Companies Profiled: 72
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