According to a market report by Lucintel, the future of the connected cars market looks promising with opportunities in the navigation, infotainment, and telematics applications. The connected car market is expected to grow with a CAGR of 16% from 2019 to 2024. The major drivers for this market are increasing demand for connected vehicles, rising demand for safer, more efficient, and convenient driving, and development of information and telecommunication infrastructure.
Within the connected car market, navigation, infotainment, and telematics are the major applications. Navigation is the largest application for the connected car market.
Vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) are the major communication segments of the connected car market.
Asia Pacific will remain the largest region over the forecast period due to increasing connected car devices in passenger cars and an increase in digital services such as cybersecurity and updates.
Continental, Delphi Automotive, Denso Corporation, Robert Bosch, ZF Friedrichshafen, Autoliv, Valeo, Visteon Corporation, Magna International, Infineon Technologies, Harman International Industries, Panasonic Corporation are among the major suppliers of connected cars.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the connected cars market by technology, by connectivity, by application, by service, and by region. Lucintel has prepared a comprehensive research report titled " Connected Car Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the connected cars market by technology, by connectivity, by application, by service, and by region as follows:
By Technology [$M shipment analysis for 2013 – 2024]
• 2G
• 3G
• 4G/LTE
By Connectivity [$M shipment analysis for 2013 – 2024]
• Embedded
• Integrated
• Tethered
By Application [$M shipment analysis for 2013 – 2024]
• Navigation
• Infotainment
• Telematics
By Services [$M shipment analysis for 2013 – 2024]
• Driver Assistance
• Safety
• Entertainment
• Vehicle Management
• Mobility Management
By Region [$M shipment analysis for 2013 – 2024]
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o Russia
o France
o United Kingdom
o Italy
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
• The Rest of the World
o Brazil
o Turkey

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the connected cars market by technology (2G, 3G, and 4G/LTE), by connectivity (embedded, integrated, and tethered), by application (navigation, infotainment, and telematics), by services (driver assistance, safety, entertainment, vehicle management, and mobility management), and by region (North America, Europe, Asia Pacific, Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the connected cars market?
Q.5 What are the business risks and threats to the connected cars market?
Q.6 What are emerging trends in this connected cars market and the reasons behind them?
Q.7 What are some changing demands of customers in the connected cars market?
Q.8 What are the new developments in the connected cars market? Which companies are leading these developments?
Q.9 Who are the major players in this connected cars market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this connected cars area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this connected cars market?