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Global Connected Car Market Share, Size, Growth, Analysis, Forecast: By Network Type: 3G, 4G/LTE, 5G, Satellite; By Technology Type: Embedded, Tethered, Integrated; By Service: Navigation, Remote Diagnostics, Others; By Communication Type; By Sales Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Connected Car Market Outlook
The global Connected Car market would likely grow at a CAGR of 16.8% during 2024-2032. With rapid advancements in technology and increasing penetration of the internet, the way people carry out work and communicate has changed significantly. Almost all gadgets of daily use today are connected through the internet. Even cars today are connected through a novel technology known as Connected Car Technology. Asia, North America and Europe are likely to be key markets.
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Global Market Likely to be Driven by Advancements in Technology
A connected car refers to a car or vehicle connected with the internet. Generally, such cars are linked to the internet through WLAN (Wireless Local Area Network). A connected car or vehicle is capable of sharing the internet with devices outside and inside the vehicle, and sharing data with external services or devices. When requested by the user, a connected car can access the internet to carry out functions or download data.
While any vehicle with internet connectivity may be called a connected car, automobile companies presently employ two kinds of systems (embedded and tethered) in connected cars. In an embedded vehicle, there is a chipset and a built-in antenna; a tethered system consists of hardware connected to the driver’s smartphone. A connected car can send or access data, download software patches or updates, link with other devices (IoT) and offer passengers WiFi internet connection.
Connected Cars Offer Many Features for Increased Safety and Convenience
Connected cars are armed with several convenient and smart features that enhance the overall ownership and driving experience, and improve the safety net with advanced security features. Such features are likely to help boost the global connected car market. Connected cars display features such as Internet Connectivity (also onboard WiFi connectivity; connected cars also enable downloading of updates, and allow access to online services and apps), App to Car Connectivity (through a smartphone app offered by car manufacturers; the app connects the car using the wireless network; the app enables users to remotely control car functions), Vehicle to Vehicle Communication, Geo-fencing, Remote Parking, Entertainment Service/Apps, Security Features, and others.
Advantages Afforded by Connected Vehicles Over Current Technologies Expected to Drive Market Growth
Connected vehicles offer many significant advantages over existing technologies like lidar, radar, sensors, and cameras. Connected vehicle technologies and applications offer more range than on-board vehicle gear, enabling the receiving of alerts of hazardous situations significantly earlier, giving more reaction time and helping prevent accidents. Connected vehicle technology is also less expensive to install than radar and camera equipment in vehicles. These advantages are expected to drive the global connected car market.
The Advent of 5G is Expected to Boost Market Growth
5G networks are expected to have a significant impact on the automotive industry. With an increasing number of connected cars, the volume of data that needs processing would also increase. 5G connectivity would lead to faster internet speeds and better coverage; it would improve car-to-car communication and enable better transmission of information, such as road and traffic conditions, road accidents, speed limits, etc. The growing electric vehicles segment would also use 5G, boosting market growth. Thus, advent and adoption of 5G are likely to boost the global connected car market.
Market Segmentation
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By network type, the market is segmented into:
- 3G
- 4G/LTE
- 5G
- Satellite
By technology type, the market is classified into:
- Embedded
- Tethered
- Integrated
By service, the market is divided into:
- Navigation
- Remote Diagnostics
- Multimedia Streaming
- Collision Warning
- Autopilot
- Others
By communication type, the market is segmented into:
- Vehicle to Vehicle
- Vehicle to Infrastructure
By sales channel, the market is divided into:
- Aftermarket
- Original Equipment Manufacturer (OEM)
By region, the market is classified into:
- Europe
- Latin America
- North America
- Middle East and Africa
- Asia Pacific
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Key Industry Players in the Market
The report offers an extensive assessment of major players in the global connected car market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:
- Qualcomm Technologies Inc
- General Motors Company
- Robert Bosch GmbH
- AT and T Inc
- Samsung Electronics Co. Ltd
- Airbiquity Inc.
- Telefonaktiebolaget LM Ericsson
- HARMAN International
- Continental AG
- CloudMade
- Others
Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Network Type |
|
| Breakup by Technology Type |
|
| Breakup by Service |
|
| Breakup by Communication Type |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Connected Car Market Analysis
8.1 Key Industry Highlights
8.2 Global Connected Car Historical Market (2018-2023)
8.3 Global Connected Car Market Forecast (2024-2032)
8.4 Global Connected Car Market by Network Type
8.4.1 3G
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 4G/LTE
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 5G
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Satellite
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.5 Global Connected Car Market by Technology Type
8.5.1 Embedded
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Tethered
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Integrated
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.6 Global Connected Car Market by Service
8.6.1 Navigation
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Remote Diagnostics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Multimedia Streaming
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Collision Warning
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Autopilot
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Connected Car Market by Communication Type
8.7.1 Vehicle to Vehicle
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Vehicle to Infrastructure
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.8 Global Connected Car Market by Sales Channel
8.8.1 Original Equipment Manufacturer (OEM)
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Aftermarket
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.9 Global Connected Car Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2023)
8.9.1.3 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2023)
8.9.2.3 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2023)
8.9.3.3 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2023)
8.9.4.3 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2023)
8.9.5.3 Forecast Trend (2024-2032)
9 North America Connected Car Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Connected Car Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Connected Car Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Connected Car Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Connected Car Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Qualcomm Technologies Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 General Motors Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Robert Bosch GmbH
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AT and T Inc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Samsung Electronics Co. Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Airbiquity Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Telefonaktiebolaget LM Ericsson
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 HARMAN International
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Continental AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 CloudMade
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Industry Events and Developments
List of Figures and Tables
1. Global Connected Car Market: Key Industry Highlights, 2018 and 2032
2. Global Connected Car Historical Market: Breakup by Network Type (USD Million), 2018-2023
3. Global Connected Car Market Forecast: Breakup by Network Type (USD Million), 2024-2032
4. Global Connected Car Historical Market: Breakup by Technology Type (USD Million), 2018-2023
5. Global Connected Car Market Forecast: Breakup by Technology Type (USD Million), 2024-2032
6. Global Connected Car Historical Market: Breakup by Service (USD Million), 2018-2023
7. Global Connected Car Market Forecast: Breakup by Service (USD Million), 2024-2032
8. Global Connected Car Historical Market: Breakup by Communication Type (USD Million), 2018-2023
9. Global Connected Car Market Forecast: Breakup by Communication Type (USD Million), 2024-2032
10. Global Connected Car Historical Market: Breakup by Sales Channels (USD Million), 2018-2023
11. Global Connected Car Market Forecast: Breakup by Sales Channels (USD Million), 2024-2032
12. Global Connected Car Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Connected Car Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Connected Car Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Connected Car Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Connected Car Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Connected Car Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Connected Car Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Connected Car Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Connected Car Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Connected Car Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Connected Car Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Connected Car Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Connected Car Market Structure
Key Questions Answered in the Report
The global market for connected cars is assessed to grow at a CAGR of 16.8% between 2024 and 2032.
The major market drivers are the increasing demand for safer vehicles and growing technological advancements.
The key market trends include advancements in connectivity such as 5G networks, and government regulations encouraging the use of connected cars.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various network types in the market for connected cars include 3G, 4G/LTE, 5G, and Satellite.
The various technology types in the market for connected cars include embedded, tethered, and integrated.
The various services in the market for connected cars include navigation, remote diagnostics, multimedia streaming, collision warning, and autopilot, among others.
The various communication type in the market for connected cars includes Vehicle to Vehicle and Vehicle to Infrastructure.
The different sales channels in the market for connected cars include aftermarket and original equipment manufacturers (OEM).
The major players in the connected car market are Qualcomm Technologies Inc, General Motors Company, Robert Bosch GmbH, AT and T Inc, Samsung Electronics Co. Ltd, Airbiquity Inc., Telefonaktiebolaget LM Ericsson, HARMAN International, Continental AG, and CloudMade, among others.
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