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Connected Car Market Forecast Report 2020 – 2027 – Top Key Players Analysis

This detailed market study covers connected car market growth potentials, which can assist the stakeholders in understanding market trends and prospects in the connected car market by identifying the growth opportunities and competitive scenarios. The connected car market report focuses on data from a combination of primary and secondary sources and analyses the information using numerous tools. The research report also offers a detailed analysis of each segment in the connected car market and evaluates the impact of COVID-19 outbreak on the industry.

Connected Car Market Competitive Rivalry

The connected car market report includes an analysis of the competitive landscape present in the industry. It consists of an assessment of the existing and ongoing trends that players can invest in. The notable players in the connected car market are Ford Motor Company, Airbiquity Inc., Cloudmade, Tesla, AT & T, Qualcomm Technologies, Inc., Continental AG, Robert Bosch GmbH., TomTom International BV., and Sierra Wireless, among others.

Connected Car Market Drivers

The significant factors contributing to the growth of the Connected Car market include the accelerating demand for enhanced user comfort and the emerging trend of in-vehicle connectivity solution among the target customers. The consumers are now willing to stay connected with the outer world, even while traveling. The in-vehicle connectivity solution enables the user to sync their smartphones with the vehicle’s connectivity system while allowing the user to make/receive phone calls. This factor is responsible for the expansion of the connected car market size over the coming years.

Several global giants are largely emphasizing on the development of advanced connecting systems which works similar to smartphones and tablets of the end-user, which will surge the growth of the connected car market share in terms of revenue. Additionally, the incorporation of advanced diagnostic systems in the connected car will significantly boost the growth of the market. Furthermore, the expanding number of government initiatives towards development in the intelligent transportation system in order to enhance the driver’s and passenger’s safety will further accelerate the demand of the market. On the other edge, the breaking risk of the in-vehicle connectivity system is likely to restrain the growth of the connected car market over the coming years.

Connected Car Market Segmentation

The chapter of segmentation provides the readers with an overview of the Connected Car market, such as its products, applications, and other relevant factors of the industry. Understanding the market segments helps in identifying the importance of different factors that surges market growth over the forecast period (2020-2027).

Segment by Service:

  • Operational Data
  • Navigation
  • Remote Diagnostics
  • Multimedia Streaming
  • Social Media & Other Apps
  • Ota Updates
  • On-Road Assistance
  • E-Call & Sos Assistance
  • Cybersecurity
  • Remote Operation
  • Collision Warning
  • Auto Parking/Connected Parking
  • Autopilot
  • Home Integration
  • Vehicle Management
  • Asset Tracking

Segment by Form:

  • Operational Data
  • Embedded
  • Tethered
  • Integrated Convenience Stores

Segment by End Market:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket Tethered

Segment by Hardware:

  • Head Unit
  • Central Gateway (CGW)
  • Intelligent Antenna
  • Electronic Control Unit (ECU)
  • Telematic Control Unit (TCU)
  • Keyless Entry Systems
  • Sensors

Segment by Transponder:

  • Onboard Unit
  • Roadside Unit

Segment by Network:

  • Operational Data
  • Dedicated Short Range Communication (DSRC)
  • Cellular Roadside Unit

Segment by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. 

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Written by Sophia Jonson

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