The Global Connected Car Market registered around USD 67.39 billion in 2021 and is estimated to reach USD 149.49 billion by 2027, registering a CAGR of 13.28%. Cars can now communicate seamlessly with other vehicles and infrastructure with technologies called vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I). The usage of artificial intelligence (AI) technology, which enables smarter interactions between the driver and the vehicle, has increased, which has led to the sector expanding. Owing to the technology's extensive variety of sophisticated features, such as voice recognition, gesture recognition, driver monitoring, virtual assistance, and Natural Language Understanding (NLU). customers can experience fully autonomous driving.

Moreover, it is expected that the market for connected cars would develop as in-car entertainment becomes more popular. The "CarPlay" software is marketed and distributed by Apple, Inc. It connects to the vehicle's controls, such as the knobs, buttons, and touchpad, and offers Siri-enabled functions, such as voice control, message reading, answering, and sending, as well as call making.

Vehicles with 5G connectivity

The adoption of 5G technology is a significant milestone in the connected automobile business. Everything, including machines, devices, and objects, will be connected through the fifth generation (5G) of wireless mobile networks. By facilitating data sharing between vehicles on subjects such as speed, position, and previous road conditions, 5G linked cars are revolutionising the automotive business. The vehicle interface is the vehicle HMI (human machine interface). Automotive HMIs provide significantly more natural interactions between drivers, passengers, and their cars. For the purpose of advancing connected technologies, major industry participants are concentrating on creating connected vehicles with 5G connectivity. For instance, General Motors, a US-based automaker, intends to introduce 5G connection vehicles for Chinese consumers in 2022.

Advanced Driver-Assistance Systems (ADAS)

The market for connected automobiles is seeing an increase in demand for better driver aid technology. Electronic passive and active safety systems known as advanced driver-assistance technologies (ADAS) help drivers by lowering the likelihood of human error. Its available applications include blind-spot detection, automated emergency braking, lane departure warning, and traffic sign recognition. The leading companies of the market are introducing the most cutting-edge driver support systems for fully automated vehicles such as connected cars. For instance, the next-generation ADAS platform for electric and highly autonomous vehicles was introduced in January 2021 by the technology company Aptiv PLC with headquarters in the USA. On this platform, complicated operations are streamlined while system costs are reduced owing to software-defined intelligent systems.

Integration Of AI Technology

The market for connected cars is seeing a significant uptick in the use of AI technologies. Artificial intelligence technology is the term for a human-created, computer-processed simulation of human intelligence. Artificial intelligence (AI) uses deep learning and control operations to mimic human decision-making processes. Deep learning refers to tracking and automatically adopting a user's lifestyle behavior over time. As a result, better driving and safety analyses are provided\ and it also aids in tracking car parts and notifying when they need maintenance. To improve connected car operating systems, major participants in the market are concentrating on developing linked cars with AI technology. For instance, Hyundai Motor Group, a South Korean automaker, introduced NVIDIA DRIVETM in-vehicle entertainment system linked car platform upgraded with AI user experience in November 2020. It automatically archives the users' favorite shows and suggests comparable shows in the same genre.

Security And Safety Concern

The major concern now a days is data being secured or not. Connected and digitized Vehicle increases the risk of cyber-attack. When the car is connected and the possibility of hackers gaining external control is worst case scenario. On the other hand, safety concerns also raise some questions. Vehicle travel is much safer when it is controlled by the Artificial Intelligence and Internet of Things because humans can make errors, but machine algorithms cannot.


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Market Segmentation

The Global Connected Car Market is segmented based on technology type, connectivity type, communication type, service type, region, and company. Based on technology type, the market is segmented into 3G,4G, and 5G. Based on connectivity type, the market is further segmented into embedded, tethered, and integrated. On the basis of communication type, the market is segmented into vehicle to vehicle, vehicle to infrastructure, vehicle to cloud, vehicle to pedestrian, and vehicle to everything. Based on service, it is divided into driving assistance, connected safety, well-being, vehicle management, intersection assistance, emergency braking, and others, by region, and by company.

Company Profiles

The key players in the market include Apple Inc., AT&T Inc., Ford Motor Company, General Motors Company, BMW Group, Google Inc., Audi AG, Delphi Automotive PLC, NXP Semiconductors N.V, Car Force. These players are investing in innovation and manufacturing that will meet the customer requirement and be able to beat their competition with the uniqueness of their product. Additionally, advanced strategic moves, such as mergers and collaborations, also benefit key players by increasing their customer base and expanding their sales and distribution networks in the global connected car market.

Attribute

Details

Market size value in 2021

USD 67.39 billion

Revenue Forecast in 2027

USD 149.49 billion

Growth Rate

13.28%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Billion, Volume in Thousand Units, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         By Technology Type

·         By Connectivity Type

·         By Communication Type

·         By Service Type

·         By Region

·         By Company

Regional Scope

North America, South America, Middle East & Africa, Asia Pacific, Europe

Key Companies Profiled

Apple Inc., AT&T Inc., Ford Motor Company, General Motors Company, BMW Group, Google Inc, Audi AG, Delphi Automotive PLC, NXP Semiconductors N.V, Car Force.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Global Connected Car Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Connected Car Market, By Technology Type:
    • 4G
    • 5G
    • 3G
  • Global Connected Car Market, By Connectivity Type:
    • Embedded
    • Tethered
    • Integrated
  • Global Connected Car Market, By Communication Type:
    • Vehicle to Vehicle
    • Vehicle to Pedestrian
    • Vehicle to Cloud
    • Vehicle to Infrastructure
    • Vehicle to Everything
  • Global Connected Car Market, By Service Type:
    • Driving Assistance
    • Well-Being
    • Vehicle Management
    • Emergency Braking
    • Connected Safety
    • Intersection Assistance
  • Global Connected Car Market, By Region:
    • Asia-Pacific
    • Europe
    • North America
    • South America
    • Middle East and Africa
  • Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Connected Car Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

5.    Product Overview

6.    Research Methodology 

7.    Executive Summary

8.    Impact of COVID-19 on Global Connected Car Market

9.    Voice of Customer

9.1.   Factors Influencing Purchase Decision

9.2.  Brand Recall

9.3.  Brand Switching

9.4.  Brand Satisfaction Level

10.  Global Connected Car Market Outlook

8.1. Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Technology Type (3G, 4G, 5G)

10.2.2.  By Connectivity (Embedded, Tethered, Integrated)

10.2.3.  By Communication (Vehicle To Vehicle, Vehicle To Infrastructure, Vehicle To Cloud, Vehicle to Pedestrian, Vehicle to Everything)

10.2.4.  By Service (Driving Assistance, Connected Safety, Well-Being, Vehicle Management, Intersection Assistance, Emergency Braking, Others)

10.2.5.  By Region

10.2.6.  By Company (2021)

10.3.              Market Map (By Technology Type, By Connectivity, By Communication, By Service, By Region)

11.   APAC Connected Car Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Volume and Value

11.2.              Market Share & Forecast

11.2.1.  By Technology Type

11.2.2.  By Connectivity

11.2.3.  By Communication

11.2.4.  By Service

11.2.5.  By Country

11.3.              Market Map (By Technology Type, By Connectivity, By Communication, By Service, By Country)

11.4.              China Connected Car Market Outlook

11.4.1.  Market Size & Forecast

11.4.1.1.               By Value

11.4.2.  Market Share & Forecast

11.4.2.1.               By Technology Type

11.4.2.2.               By Connectivity

11.4.2.3.               By Communication

11.4.2.4.               By Service

11.5.              Japan Connected Car Market Outlook

11.5.1.  Market Size & Forecast

11.5.1.1.               By Value

11.5.2.  Market Share & Forecast

11.5.2.1.               By Technology Type

11.5.2.2.               By Connectivity

11.5.2.3.               By Communication

11.5.2.4.               By Service

11.6.              India Connected Car Market Outlook

11.6.1.  Market Size & Forecast

11.6.1.1.               By Value

11.6.2.  Market Share & Forecast

11.6.2.1.               By Technology Type

11.6.2.2.               By Connectivity

11.6.2.3.               By Communication

11.6.2.4.               By Service

11.7.              South Korea Connected Car Market Outlook

11.7.1.  Market Size & Forecast

11.7.1.1.               By Value

11.7.2.  Market Share & Forecast

11.7.2.1.               By Technology Type

11.7.2.2.               By Connectivity

11.7.2.3.               By Communication

11.7.2.4.               By Service

11.8.              Indonesia Connected Car Market Outlook

11.8.1.  Market Size & Forecast

11.8.1.1.               By Value

11.8.2.  Market Share & Forecast

11.8.2.1.               By Technology Type

11.8.2.2.               By Connectivity

11.8.2.3.               By Communication

11.8.2.4.               By Service

11.9.              Thailand Connected Car Market Outlook

11.9.1.  Market Size & Forecast

11.9.1.1.               By Value

11.9.2.  Market Share & Forecast

11.9.2.1.               By Technology Type

11.9.2.2.               By Connectivity

11.9.2.3.               By Communication

11.9.2.4.               By Service

11.10.            Malaysia Connected Car Market Outlook

11.10.1.                Market Size & Forecast

11.10.1.1.            By Value

11.10.2.                Market Share & Forecast

11.10.2.1.            By Technology Type

11.10.2.2.            By Connectivity

11.10.2.3.            By Communication

11.10.2.4.            By Service

11.11.            Vietnam Connected Car Market Outlook

11.11.1.                Market Size & Forecast

11.11.1.1.            By Value

11.11.2.                Market Share & Forecast

11.11.2.1.            By Technology Type

11.11.2.2.            By Connectivity

11.11.2.3.            By Communication

11.11.2.4.            By Service

12.  Europe Connected Car Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Volume and Value

12.2.              Market Share & Forecast

12.2.1.  By Technology Type

12.2.2.  By Connectivity

12.2.3.  By Communication

12.2.4.  By Service

12.2.5.  By Country

12.3.              Market Map (By Technology Type, By Connectivity, By Communication, By Service, By Country)

12.4.              Germany Connected Car Market Outlook

12.4.1.  Market Size & Forecast

12.4.1.1.               By Value

12.4.2.  Market Share & Forecast

12.4.2.1.               By Technology Type

12.4.2.2.               By Connectivity

12.4.2.3.               By Communication

12.4.2.4.               By Service

12.5.              Spain Connected Car Market Outlook

12.5.1.  Market Size & Forecast

12.5.1.1.               By Value

12.5.2.  Market Share & Forecast

12.5.2.1.               By Technology Type

12.5.2.2.               By Connectivity

12.5.2.3.               By Communication

12.5.2.4.               By Service

12.6.              Russia Connected Car Market Outlook

12.6.1.  Market Size & Forecast

12.6.1.1.               By Value

12.6.2.  Market Share & Forecast

12.6.2.1.               By Technology Type

12.6.2.2.               By Connectivity

12.6.2.3.               By Communication

12.6.2.4.               By Service

12.7.              France Connected Car Market Outlook

12.7.1.  Market Size & Forecast

12.7.1.1.               By Value

12.7.2.  Market Share & Forecast

12.7.2.1.               By Technology Type

12.7.2.2.               By Connectivity

12.7.2.3.               By Communication

12.7.2.4.               By Service

12.8.              United Kingdom Connected Car Market Outlook

12.8.1.  Market Size & Forecast

12.8.1.1.               By Value

12.8.2.  Market Share & Forecast

12.8.2.1.               By Technology Type

12.8.2.2.               By Connectivity

12.8.2.3.               By Communication

12.8.2.4.               By Service

12.9.              Slovakia Connected Car Market Outlook

12.9.1.  Market Size & Forecast

12.9.1.1.               By Value

12.9.2.  Market Share & Forecast

12.9.2.1.               By Technology Type

12.9.2.2.               By Connectivity

12.9.2.3.               By Communication

12.9.2.4.               By Service

12.10.            Italy Connected Car Market Outlook

12.10.1.                Market Size & Forecast

12.10.1.1.            By Value

12.10.2.                Market Share & Forecast

12.10.2.1.            By Technology Type

12.10.2.2.            By Connectivity

12.10.2.3.            By Communication

12.10.2.4.            By Service

13.  North America Connected Car Market Outlook

13.1.              Market Size & Forecast

13.1.1.  By Volume and Value

13.2.              Market Share & Forecast

13.2.1.  By Technology Type

13.2.2.  By Connectivity

13.2.3.  By Communication

13.2.4.  By Service

13.2.5.  By Country

13.3.              Market Map (By Technology Type, By Connectivity, By Communication, By Service, By Country)

13.4.              United States Connected Car Market Outlook

13.4.1.  Market Size & Forecast

13.4.1.1.               By Value

13.4.2.  Market Share & Forecast

13.4.2.1.               By Technology Type

13.4.2.2.               By Connectivity

13.4.2.3.               By Communication

13.4.2.4.               By Service

13.5.              Mexico Connected Car Market Outlook

13.5.1.  Market Size & Forecast

13.5.1.1.               By Value

13.5.2.  Market Share & Forecast

13.5.2.1.               By Technology Type

13.5.2.2.               By Connectivity

13.5.2.3.               By Communication

13.5.2.4.               By Service

13.6.              Canada Connected Car Market Outlook

13.6.1.  Market Size & Forecast

13.6.1.1.               By Value

13.6.2.  Market Share & Forecast

13.6.2.1.               By Technology Type

13.6.2.2.               By Connectivity

13.6.2.3.               By Communication

13.6.2.4.               By Service

14.  Middle East and Africa Connected Car Market Outlook

14.1.              Market Size & Forecast

14.1.1.  By Volume and Value

14.2.              Market Share & Forecast

14.2.1.  By Technology Type

14.2.2.  By Connectivity

14.2.3.  By Communication

14.2.4.  By Service

14.2.5.  By Country

14.3.              Market Map (By Technology Type, By Connectivity, By Communication, By Service, By Country)

14.4.              Iran Connected Car Market Outlook

14.4.1.  Market Size & Forecast

14.4.1.1.               By Value

14.4.2.  Market Share & Forecast

14.4.2.1.               By Technology Type

14.4.2.2.               By Connectivity

14.4.2.3.               By Communication

14.4.2.4.               By Service

14.5.              Turkey Connected Car Market Outlook

14.5.1.  Market Size & Forecast

14.5.1.1.               By Value

14.5.2.  Market Share & Forecast

14.5.2.1.               By Technology Type

14.5.2.2.               By Connectivity

14.5.2.3.               By Communication

14.5.2.4.               By Service

14.6.              South Africa Connected Car Market Outlook

14.6.1.  Market Size & Forecast

14.6.1.1.               By Value

14.6.2.  Market Share & Forecast

14.6.2.1.               By Technology Type