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Connected Car Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global connected car market reached a value of US$ 62.83 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 156.6 Billion by 2027, exhibiting a CAGR of 15.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, connectivity solutions, service and end market.

Breakup by Technology:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, Connectivity Solutions, Service, End Market, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global connected car market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global connected car market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the connectivity solutions?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the end market?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global connected car market and who are the key players?
  • What is the degree of competition in the industry?

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

List of Figures

Figure 1: Global: Connected Car Market: Major Drivers and Challenges
Figure 2: Global: Connected Car Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Connected Car Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Connected Car Market: Breakup by Technology (in %), 2021
Figure 5: Global: Connected Car Market: Breakup by Connectivity Solutions (in %), 2021
Figure 6: Global: Connected Car Market: Breakup by Service (in %), 2021
Figure 7: Global: Connected Car Market: Breakup by End Market (in %), 2021
Figure 8: Global: Connected Car Market: Breakup by Region (in %), 2021
Figure 9: Global: Connected Car (3G) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Connected Car (3G) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Connected Car (4G/LTE) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Connected Car (4G/LTE) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Connected Car (5G) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Connected Car (5G) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Connected Car (Integrated) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Connected Car (Integrated) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Connected Car (Embedded) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Connected Car (Embedded) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Connected Car (Tethered) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Connected Car (Tethered) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Connected Car (Driver Assistance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Connected Car (Driver Assistance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Connected Car (Safety) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Connected Car (Safety) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Connected Car (Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Connected Car (Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Connected Car (Vehicle Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Connected Car (Vehicle Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Connected Car (Mobility Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Connected Car (Mobility Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Connected Car (Other Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Connected Car (Other Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Connected Car (Original Equipment Manufacturer (OEMs)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Connected Car (Original Equipment Manufacturer (OEMs)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Connected Car (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Connected Car (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Connected Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Connected Car Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Connected Car Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Connected Car Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Connected Car Market Forecast: Breakup by Connectivity Solutions (in Million US$), 2022-2027
Table 4: Global: Connected Car Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 5: Global: Connected Car Market Forecast: Breakup by End Market (in Million US$), 2022-2027
Table 6: Global: Connected Car Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Connected Car Market: Competitive Structure
Table 8: Global: Connected Car Market: Key Players


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