Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: IMARC | PRODUCT CODE: 1291410

Cover Image

PUBLISHER: IMARC | PRODUCT CODE: 1291410

Connected Car Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

PUBLISHED:
PAGES: 143 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF & Excel (Single User License)
USD 2499
PDF & Excel (5 User License)
USD 3499
PDF & Excel (Corporate License)
USD 4499

Add to Cart

The global connected car market size reached US$ 74.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 179.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.8% during 2023-2028.

Connected cars refer to vehicles that are equipped with internet connectivity and advanced communication technologies to facilitate the exchange of information via numerous communication channels. They are designed to offer improved vehicle performance, enhanced convenience to the users, and efficient interaction of the transport system with its surroundings to prevent road accidents and notify prompts regarding parking space availability. They also provide real-time traffic alerts to the driver and alarm emergency services in case of an unfortunate circumstance. Along with this, these alerts and signals further aid in enhancing the overall traffic performance and road safety management while ensuring optimal driving comfort. The growing dependency on uninterrupted connectivity to access navigation services is providing a thrust to the market growth.

Connected Car Market Trends:

The market is primarily driven by the increasing demand for in-car safety solutions. In line with this, the widespread integration of connected cars with advanced driver-assistance systems (ADAS) for mapping road obstacles and anti-lock braking systems (ABS) to enable safe braking is expected to create a positive outlook for the market. Moreover, the advent of 5G connectivity and the rising utilization of artificial intelligence (AI) and machine-to-machine (M2M) interconnectivity between multiple cars are favorably impacting the market. In line with this, continual developments in the manufacturing of advanced suspension systems are also providing an impetus to the market. The market is further driven by the escalating popularity of luxury cars among individuals with high disposable income levels and the emergence of autonomous driving trends. Some of the other factors contributing to the market growth include rapid digitization across the automotive sector and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global connected car market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, connectivity solutions, service and end market.

Breakup by Technology:

3G

4G/LTE

5G

Breakup by Connectivity Solutions:

Integrated

Embedded

Tethered

Breakup by Service:

Driver Assistance

Safety

Entertainment

Vehicle Management

Mobility Management

Others

Breakup by End Market:

Original Equipment Manufacturer (OEMs)

Aftermarket

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Audi AG (Volkswagen AG), Bayerische Motoren Werke AG, Continental AG, Ford Motor Company, Mercedes-Benz Group AG, Qualcomm Incorporated, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sierra Wireless, Tesla Inc., TomTom N.V., Valeo, Verizon Communications Inc. and Vodafone Group Plc.

Key Questions Answered in This Report

1. What was the size of the global connected car market in 2022?

2. What is the expected growth rate of the global connected car market during 2023-2028?

3. What are the key factors driving the global connected car market?

4. What has been the impact of COVID-19 on the global connected car market?

5. What is the breakup of the global connected car market based on the technology?

6. What is the breakup of the global connected car market based on the connectivity solutions?

7. What is the breakup of the global connected car market based on the service?

8. What is the breakup of the global connected car market based on the end market?

9. What are the key regions in the global connected car market?

10. Who are the key players/companies in the global connected car market?

Product Code: SR112023A5533

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Connected Car Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Technology

  • 6.1 3G
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 4G/LTE
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 5G
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Connectivity Solutions

  • 7.1 Integrated
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Embedded
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Tethered
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Service

  • 8.1 Driver Assistance
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Safety
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Entertainment
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Vehicle Management
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Mobility Management
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Others
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Market Breakup by End Market

  • 9.1 Original Equipment Manufacturer (OEMs)
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Aftermarket
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 AT&T Inc.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 Audi AG (Volkswagen AG)
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
      • 15.3.2.4 SWOT Analysis
    • 15.3.3 Bayerische Motoren Werke AG
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 Continental AG
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
      • 15.3.4.4 SWOT Analysis
    • 15.3.5 Ford Motor Company
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
      • 15.3.5.4 SWOT Analysis
    • 15.3.6 Mercedes-Benz Group AG
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 Qualcomm Incorporated
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Robert Bosch GmbH
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 SWOT Analysis
    • 15.3.9 Samsung Electronics Co. Ltd.
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 Sierra Wireless
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
      • 15.3.10.4 SWOT Analysis
    • 15.3.11 Tesla Inc.
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
      • 15.3.11.3 Financials
      • 15.3.11.4 SWOT Analysis
    • 15.3.12 TomTom N.V.
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
      • 15.3.12.3 Financials
      • 15.3.12.4 SWOT Analysis
    • 15.3.13 Valeo
      • 15.3.13.1 Company Overview
      • 15.3.13.2 Product Portfolio
      • 15.3.13.3 Financials
      • 15.3.13.4 SWOT Analysis
    • 15.3.14 Verizon Communications Inc.
      • 15.3.14.1 Company Overview
      • 15.3.14.2 Product Portfolio
      • 15.3.14.3 Financials
      • 15.3.14.4 SWOT Analysis
    • 15.3.15 Vodafone Group Plc
      • 15.3.15.1 Company Overview
      • 15.3.15.2 Product Portfolio
      • 15.3.15.3 Financials
      • 15.3.15.4 SWOT Analysis
Product Code: SR112023A5533

List of Figures

  • Figure 1: Global: Connected Car Market: Major Drivers and Challenges
  • Figure 2: Global: Connected Car Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Connected Car Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Connected Car Market: Breakup by Technology (in %), 2022
  • Figure 5: Global: Connected Car Market: Breakup by Connectivity Solutions (in %), 2022
  • Figure 6: Global: Connected Car Market: Breakup by Service (in %), 2022
  • Figure 7: Global: Connected Car Market: Breakup by End Market (in %), 2022
  • Figure 8: Global: Connected Car Market: Breakup by Region (in %), 2022
  • Figure 9: Global: Connected Car (3G) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 10: Global: Connected Car (3G) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 11: Global: Connected Car (4G/LTE) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Connected Car (4G/LTE) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Connected Car (5G) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Connected Car (5G) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Connected Car (Integrated) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Connected Car (Integrated) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Connected Car (Embedded) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Connected Car (Embedded) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Connected Car (Tethered) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Connected Car (Tethered) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: Global: Connected Car (Driver Assistance) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: Global: Connected Car (Driver Assistance) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: Global: Connected Car (Safety) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: Global: Connected Car (Safety) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: Global: Connected Car (Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: Global: Connected Car (Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: Global: Connected Car (Vehicle Management) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: Global: Connected Car (Vehicle Management) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: Global: Connected Car (Mobility Management) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: Global: Connected Car (Mobility Management) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Global: Connected Car (Other Services) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Global: Connected Car (Other Services) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: Global: Connected Car (Original Equipment Manufacturer (OEMs)) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: Global: Connected Car (Original Equipment Manufacturer (OEMs)) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: Global: Connected Car (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: Global: Connected Car (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: North America: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: North America: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: United States: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: United States: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: Canada: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: Canada: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Asia-Pacific: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Asia-Pacific: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 45: China: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 46: China: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 47: Japan: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 48: Japan: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 49: India: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 50: India: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 51: South Korea: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 52: South Korea: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 53: Australia: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 54: Australia: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 55: Indonesia: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 56: Indonesia: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 57: Others: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 58: Others: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 59: Europe: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 60: Europe: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 61: Germany: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 62: Germany: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 63: France: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 64: France: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 65: United Kingdom: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 66: United Kingdom: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 67: Italy: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 68: Italy: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 69: Spain: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 70: Spain: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 71: Russia: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 72: Russia: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 73: Others: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 74: Others: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 75: Latin America: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 76: Latin America: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 77: Brazil: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 78: Brazil: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 79: Mexico: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 80: Mexico: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 81: Others: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 82: Others: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 83: Middle East and Africa: Connected Car Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 84: Middle East and Africa: Connected Car Market: Breakup by Country (in %), 2022
  • Figure 85: Middle East and Africa: Connected Car Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 86: Global: Connected Car Industry: SWOT Analysis
  • Figure 87: Global: Connected Car Industry: Value Chain Analysis
  • Figure 88: Global: Connected Car Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Connected Car Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Connected Car Market Forecast: Breakup by Technology (in Million US$), 2023-2028
  • Table 3: Global: Connected Car Market Forecast: Breakup by Connectivity Solutions (in Million US$), 2023-2028
  • Table 4: Global: Connected Car Market Forecast: Breakup by Service (in Million US$), 2023-2028
  • Table 5: Global: Connected Car Market Forecast: Breakup by End Market (in Million US$), 2023-2028
  • Table 6: Global: Connected Car Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 7: Global: Connected Car Market: Competitive Structure
  • Table 8: Global: Connected Car Market: Key Players
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!