Global Connected Cars market size, share, revenue, growth forecast 2026
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Global Connected Cars Market Threats, Analysis, Key
Players, Growth, and Forecast 2026
July 2017
- 2. Overview
Connected cars enables the car owner to connect with all connectivity devices that are inside and in the vicinity of
car. Along with wireless LAN, connected cars are equipped with head unit, infotainment unit and in-dash system
with monitor. In addition, connected cars have automated driver assistance system, active safety solutions and
mechanically monitoring of cars performance.
Implementation of intelligent transportation system, rapid urbanization, adoption of Internet of Things (IoT) and
government mandates on telematic applications are expected to drive growth of the global connected car market.
Rising consumer demands, need for constant connectivity and increasing dependency on technology are expected
to further fuel growth of the global connected car market. In addition, connected cars enables driver to connect to
various online platforms and simplify real-time communication on the go. Advancement in network technology
and growing trend for high-tech and luxury cars across developed countries are expected to boost demand for the
connected cars during forecast period. Smartphone integration, digital dashboards, teen drivers’ monitoring, GPS
system with travel guidance are notable trends in the connected cars market.
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Global connected cars market to witness high revenue from North America market during forecast period.
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- 3. Connected Cars Market Overview
Major factors such as lack of standards across connected cars manufacturers and concerns regarding digital safety
of personalized data and information is restricting growth of the global connected cars market. Non-availability of
uninterrupted and seamless network and additional expenditure for embedding car connection are further
holding back demand for this market. Furthermore, high hardware and communication cost and complex user
interface can negatively impact growth of the global connected cars market.
The global connected cars market is segmented on the basis of hardware, application, connectivity solution, and
region.
North America accounts for largest share in connected cars market, increasing government mandates, high
disposable income and presence of major automobile companies are driving growth of connected cars market in
this region. Europe holds second position in the connected cars market. Asia-Pacific region is expected to witness
prominent growth and a CAGR of XX.X% over the forecast period.
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Details:
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- 4. Global Connected Cars Market Segmentation
Semiconductor components
Connectivity ICS
By Hardware
Telematics
Infotainment
Combined telematics and infotainment
By Application
Embedded
Tethered
Integrated
By Connectivity Solution By Region:
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- 5. Connected Cars Market Report Includes Regional Growth Rate (CAGR %)
Sample Text
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North America Connected Cars Market
Growth:
North America Connected Cars market was
valued at US$ XX billion in 2017.
Europe Connected Cars Market
Growth:
Europe Connected Cars market expected to
grow at CAGR of XX% during forecast 2026.
Asia-Pacific Connected Cars Market
Growth:
Asia Pacific Connected Cars market is expected
to reach US$ XX billion over the forecast 2026.
Middle East Connected Cars Market
Growth:
The Middle East & Africa Connected Cars
market expected to cross US$ XX billion
during the forecast period 2017 to 2026.
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
XX.XX% XX%
XX.XX% XX%
XX.XX% XX%
XX.XX% XX%
XX%XX.XX%
Latin America
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- 6. Key Players Profiled Connected Cars Market Include:
Audi AG
General Motors
BMW AG
General Motors Company
Ford Motor Company
Tesla Motors Inc.
Google, Inc.
Volvo Car Corporation
Alcatel Lucent
Delphi Automotive Plc
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Key Companies Mentioned are:
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- 7. Research Methodology
Market profiling
In-depth secondary research is used to
determine overall market size, top
industry players, top products, top
applications, industry connotations,
identify distributors, and manufactures,
etc.
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Formulating discussion guide
PRUDOUR formulates a detailed
discussion guide in order to conduct
interviews with industry expert
2
Developing list of
respondents
List of industry players (manufacturers,
distributors, retailers and industry
specialists)
3
Data collection
PRUDOUR conducts interviews with
industry experts, industry players,
distributors and retailers for data
collection and verification
4
Data validation
Data is validated by triangulation
method, in which secondary, primary
and PRUDOUR analysis contribute to
the final data
5
Data collection
The data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
6 Insights
PRUDOUR delivers industry insights and
information in the required format
(PDF)
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