Digital Driving Experience: Connected Car Market 2023-2029


Posted September 25, 2023 by aishwaryammr

Connected Car Market was valued at US$ 28.2 Bn. in 2022 and the total revenue is expected to grow at 19.02% of CAGR through 2023 to 2029, reaching nearly US$ 95.44 Bn.

 
Connected Car Market Overview:

The primary goal of this research is to assist the user in understanding the Connected Car Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Connected Car industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

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Connected Car Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

Connected Car Market Segmentation:

The connected car market is divided into integrated, embedded, and tethered segments based on connectivity. In 2022, integrated connectivity accounted for the greatest market share. In-vehicle networking and communications are crucial for the modern car's ability to connect with its actuators, modules, and sensors and reduce wire weight.

This network is responsible for controlling the anti-lock brake system (ABS), airbags, air conditioning, anti-theft, door locks, engine, radio, steering, suspension, gearbox, windows, diagnostic testing, and other functions. This network is divided into other smaller networks, such as LIN/SAE 2602, FlexRay, Media Oriented Systems Transport (MOST), etc. Due to cutting-edge advancements in automotive connectivity and technology, the automotive industry is transforming. Thanks to advancements in technologies like artificial intelligence (AI), next-generation ADAS, and developing V2X infrastructure, the industry is getting closer to the functionality of autonomous driving.

The Connected Car Market is divided into Driver Assistance, Telematics, Infotainment, and Others based on the Application. During the projected period, infotainment is anticipated to dominate the connected car market. A "connected" car is one that has an in-dash infotainment system that can wirelessly transmit and receive updated information from the internet.

Despite the fact that these devices' capabilities and degree of interoperability with smartphone apps vary widely, they frequently incorporate touch displays and voice control. With built-in wireless connections, a connected automobile with these characteristics can follow underage drivers, start or unlock the car from anywhere, and enable anti-theft functions like remotely stopping a stolen vehicle. Every automaker has a unique system that they offer, and within a single car line, there are sometimes several different infotainment systems. No longer a standard component of linked automobile systems, onboard navigation systems.

1. Global Connected Car Market Size, by Connectivity (2022-2029)
• Integrated
• Embedded
• Tethered
2. Global Connected Car Market Size, by Technology(2022-2029)
• 4G
• 3G
• 2G
3. Global Connected Car Market Size, by Application (2022-2029)
• Driver Assistance
• Telematics
• Infotainment
• Other

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Connected Car Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Connected Car market are

1. Robert Bosch GmbH (Germany)
2. Continental AG (Germany)
3. Audi AG (Germany)
4. ZF Friedrichshafen AG (Germany)
5. Infineon Technologies (Germany)
6. TomTom N.V. (Netherlands)
7. NXP Semiconductors N.V. (Netherlands)
8. Denso Corporation (Japan)
9. Tata Consultancy Services Limited (India)
10. Visteon Corporation (US)
11. Harman International (US)
12. AT&T Inc. (US)
13. Airbiquity Inc (US)
14. Qualcomm Technologies Inc. (US)
15. Tesla, Inc (US)
16. BorgWarner Inc (US)
17. Ford Motor Company (US)
18. Microsoft Corporation (US)
19. Verizon Communications Inc (US)
20. Intel Corporation (US)
21. Sierra Wireless (Canada)
22. Magna International (Canada)

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Regional Analysis:

The report focuses on Global Regions and Market Size of Connected Car, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on Connected Car Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Connected Car industry in 2021.

Key Questions Answered in the Connected Car Market Report are:


What is the function of Connected Car?
What is the predicted revenue generation of the Connected Car market?
At what growth rate is the Connected Car market evolving?
Who are the major market giants operating in the Connected Car market?
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Issued By Aishwarya
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Country India
Categories Automotive
Tags connected car market , connected car market share , connected car market business
Last Updated September 25, 2023