PUBLISHER: Lucintel | PRODUCT CODE: 1356557
PUBLISHER: Lucintel | PRODUCT CODE: 1356557
Connected Car Trends and Forecast
The future of the global connected car market looks promising with opportunities in the mobility management, telematic, infotainment, and driver assistance markets. The global connected car market is expected to reach an estimated $184.1 billion by 2030 with a CAGR of 16.7% from 2024 to 2030. The major drivers for this market are rising sale of high-end luxury cars, increasing adoption of integrated connectivity, and growing integration of advanced safety and comfort features in the vehicles like advanced driver assistance systems and vehicle infotainment.
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Connected Car by Segment
The study includes a forecast for the global connected car by network type, technology type, application, and region.
Connected Car Market by Network Type [Shipment Analysis by Value from 2018 to 2030]:
Connected Car Market by Technology Type [Shipment Analysis by Value from 2018 to 2030]:
Connected Car Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Connected Car Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Connected Car Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected car companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected car companies profiled in this report include-
Connected Car Market Insights
Lucintel forecasts that integrated is expected to witness highest growth over the forecast period because it provides unlimited data sharing possibilities and is affordable as compare to other systems.
Mobility management will remain the highest growing segment because it enables the driver to reach the destination safely in the shortest time and it provides important information such as, extreme weather and road conditions and real-time routes to avoid external hazards.
APAC is expected to witness largest region over the forecast period due to increasing penetration of connectivity features in the latest car models and growing demand for digital features in vehicles, especially in developing countries like China and India.
Features of the Global Connected Car Market
Market Size Estimates: Connected car market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Connected car market size by various segments, such as by network type, technology type, application, and region. in terms of value ($B).
Regional Analysis: Connected Car Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different network types, technology types, applications, and region.s for the connected car market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected car market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1. What is the connected car market size?
Answer: The global connected car market is expected to reach an estimated $184.1 billion by 2030.
Q.2. What is the growth forecast for connected car market?
Answer: The global connected car market is expected to grow with a cagr of 16.7% from 2024 to 2030.
Q.3. What are the major drivers influencing the growth of the connected car market?
Answer: The major drivers for this market are rising sale of high-end luxury cars, increasing adoption of integrated connectivity, and growing integration of advanced safety and comfort features in the vehicles like advanced driver assistance systems and vehicle infotainment.
Q.4. What are the major segments for connected car market?
Answer: The future of the global connected car market looks promising with opportunities in the mobility management, telematic, infotainment, and driver assistance markets.
Q.5. Who are the key connected car market companies?
Answer: Some of the key connected car companies are as follows:
Q.6. Which connected car market segment will be the largest in future?
Answer: Lucintel forecasts that integrated is expected to witness highest growth over the forecast period because it provides unlimited data sharing possibilities and is affordable as compare to other systems.
Q.7. In connected car market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness largest region over the forecast period due to increasing penetration of connectivity features in the latest car models and growing demand for digital features in vehicles, especially in developing countries like China and India.
Q.8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.