The connected car uses mobile technology to control major functions remotely. It comprises of OEM hardware, which permits networking of vehicles in different versions. The globally connected car market is growing at a significant rate, due to an upsurge in the need for safer, more efficient and convenient driving and government mandates for connected car applications in a passenger car.

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On the basis of service, the connected car market is subdivided into connected services, autonomous driving, and safety & security. Among all services, connected services segment accounted the largest share in the market, due to mounting demand of customer for more convenient features such as navigation, autopilot, remote diagnostic, multimedia media streaming, and an upsurge in government authorization.

On the basis of application, the market is subdivided into navigation, telematics, and infotainment. Among all applications, navigation application accounted the largest share in the market, due to the mounting requirement for traveling in cities and cost-effectiveness.

On the basis of the network, the market is subdivided into 4G, 2G, and 3G. The 4G segment accounted the largest share and is expected to grow at fastest rate in the market due to mounting need for fast and advanced technology for the connected cars, and allows drivers to connect and share essential information.

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The upsurge in the need for safer, more efficient, and convenient driving, the upsurge in need of the alert system, and vehicle diagnostics and maintenance, the upsurge in industry compliance standards, multiple connectivity solution type and government mandates for connected car applications in passenger car are the primary growth drivers for connected car market.

In addition, in April 2017, Delphi Technologies Plc signed an agreement with Rosenberger, to improve its capabilities in high-speed data transmission. Delphi Technologies Plc., DENSO Corporation, ZF Friedrichshafen, Robert Bosch GmbH, Aisin Seiki, Valeo S.A., and Autoliv Inc. are the key players offering the connected car.

Source: VynZ Research