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Report
Connected Car Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 143 Pages I IMARC Group
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?
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
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
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
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