Product Code: 978-1-68038-648-6
Connected Car Market Growth & Trends:
The global connected car market size is expected to reach USD 243.75 billion by 2030, registering a CAGR of 13.4% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Surging consumer demand, the constant need for connectivity, increased dependency on technology and the growing number of tech-savvy people are some of the factors expected to boost global connected car market growth.
Connected cars offer connectivity on wheels providing comfort, performance along with safety and security. Such advanced technology enables the driver and passengers to connect with various online platforms that facilitate real-time communication on the go.
The connected car market has the potential to significantly boost revenues of automobile manufacturers over the next five to seven years. Car manufacturers are expected to deliver the right mix of application and product packages for the right customers, and must systematically invest in R&D if they are willing to maintain their technological leadership.
Increasing regulations by governments and transportation authorities for the installation of advanced safety and vehicle to vehicle communications systems are expected to positively impact industry growth.
Connected Car Market Report Highlights:
- The safety segment is estimated to grow significantly over the forecast period. The rise of autonomous driving technologies has also contributed to the growth of the safety segment in the market.
- The driver assistance segment accounted for the largest revenue share of 36.1% in 2022 and is estimated to register the fastest CAGR of 15.6% over the forecast period. Driver assistance includes several advanced technologies that help improve the vehicle's performance.
- Asia Pacific is expected to register the fastest CAGR of 15.3% over the forecast period. Increasing smartphone penetration, deployment of high-speed internet services, and declining average selling price in the region are expected to push the sales of such smart vehicles.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Application
- 1.1.2. Regional scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Connected Car Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Connected Car Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
Chapter 4. Connected Car Market: Application Estimates & Trend Analysis
- 4.1. Connected Car Market: Key Takeaways
- 4.2. Connected Car Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Vehicle Management
- 4.3.1. Vehicle management market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.4. Driver Assistance
- 4.4.1. Driver assistance market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.5. Mobility Management
- 4.5.1. Mobility management market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.6. Safety
- 4.6.1. Safety market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.7. Entertainment
- 4.7.1. Entertainment market estimates and forecasts, 2017 to 2030 (USD Billion)
- 4.8. Others
- 4.8.1. Others market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 5. Connected Car Market: Regional Estimates & Trend Analysis
- 5.1. Regional Outlook
- 5.2. Connected Car Market by Region: Key Takeaway
- 5.3. North America
- 5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.3.2. U.S.
- 5.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.3.3. Canada
- 5.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.4. Europe
- 5.4.1. UK
- 5.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.4.2. Germany
- 5.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.4.3. France
- 5.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.5. Asia Pacific
- 5.5.1. Japan
- 5.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.5.2. China
- 5.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.5.3. India
- 5.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.5.4. Australia
- 5.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.5.5. South Korea
- 5.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.6. Latin America
- 5.6.1. Brazil
- 5.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.6.2. Mexico
- 5.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.7. MEA
- 5.7.1. Saudi Arabia
- 5.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.7.2. South Africa
- 5.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
- 5.7.3. United Arab Emirates (UAE)
- 5.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Market Participant Categorization
- 6.2.1. ALE International, ALE USA Inc.
- 6.2.1.1. Company overview
- 6.2.1.2. Financial performance
- 6.2.1.3. Product benchmarking
- 6.2.1.4. Strategic initiatives
- 6.2.2. Apple Inc.
- 6.2.2.1. Company overview
- 6.2.2.2. Financial performance
- 6.2.2.3. Product benchmarking
- 6.2.2.4. Strategic initiatives
- 6.2.3. AT&T Intellectual Property
- 6.2.3.1. Company overview
- 6.2.3.2. Financial performance
- 6.2.3.3. Product benchmarking
- 6.2.3.4. Strategic initiatives
- 6.2.4. AUDI AG
- 6.2.4.1. Company overview
- 6.2.4.2. Financial performance
- 6.2.4.3. Product benchmarking
- 6.2.4.4. Strategic initiatives
- 6.2.5. BMW AG
- 6.2.5.1. Company overview
- 6.2.5.2. Financial performance
- 6.2.5.3. Product benchmarking
- 6.2.5.4. Strategic initiatives
- 6.2.6. Aptiv
- 6.2.6.1. Company overview
- 6.2.6.2. Financial performance
- 6.2.6.3. Product benchmarking
- 6.2.6.4. Strategic initiatives
- 6.2.7. Ford Motor Company
- 6.2.7.1. Company overview
- 6.2.7.2. Financial performance
- 6.2.7.3. Product benchmarking
- 6.2.7.4. Strategic initiatives
- 6.2.8. General Motors
- 6.2.8.1. Company overview
- 6.2.8.2. Financial performance
- 6.2.8.3. Product benchmarking
- 6.2.8.4. Strategic initiatives
- 6.2.9. Google LLC
- 6.2.9.1. Company overview
- 6.2.9.2. Financial performance
- 6.2.9.3. Product benchmarking
- 6.2.9.4. Strategic initiatives
- 6.2.10. NXP Semiconductors
- 6.2.10.1. Company overview
- 6.2.10.2. Financial performance
- 6.2.10.3. Product benchmarking
- 6.2.10.4. Strategic initiatives