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 Connected Car Market has experienced rapid and significant growth in recent years, and experts predict that this trend will continue throughout the forecasted period from 2021 to 2029. This report aims to identify the key drivers fueling the growth of the Connected Car market and explore strategies to leverage these drivers as strengths. Additionally, it highlights the restraints that may impede market expansion, enabling you to proactively address and mitigate them before they pose significant challenges. Moreover, the report examines the opportunities emerging from external factors such as market changes and evolving consumer trends. Understanding these influential elements is crucial for maximizing the potential of the Connected Car market and capitalizing on favorable circumstances. Lastly, the report sheds light on the potential challenges that may arise in the Connected Car market landscape and offers effective approaches to overcome them.
Connected Car Market Scope
The Connected Car Market has witnessed rapid and substantial growth in recent years, and experts anticipate this positive trajectory to persist from 2021 to 2029. This report aims to identify the primary catalysts driving the expansion of the Connected Car market and propose strategies to leverage these drivers as strengths. It also emphasizes the constraints that could hinder market growth, providing an opportunity to proactively address and mitigate them before they pose significant obstacles. Furthermore, the report explores the potential opportunities arising from external factors such as market dynamics and evolving consumer trends. Understanding these influential factors is crucial for maximizing the potential of the Connected Car market and capitalizing on advantageous conditions. Lastly, the report sheds light on the possible challenges that may arise within the Connected Car market landscape and presents effective approaches to overcome them.
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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. Artificial intelligence and other technologies are bringing the industry closer to the capabilities of autonomous
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
OtherKey Players
- 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 offers a comprehensive analysis of the growth pattern of the global Connected Car Market. It focuses on the key regions that exert significant global influence, namely North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The report examines various essential indicators, such as consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and value chain analysis. These indicators play a crucial role in forecasting the Connected Car market for each country and provide valuable insights into its dynamics.
Key Questions answered in the Connected Car Market Report are:
- What is Connected Car Market?
- What is the forecast period of the Connected Car Market?
- What is the competitive scenario of the Connected Car market?
- Which region held the largest market share in the Connected Car Market?
- What are the opportunities for the Connected Car Market?
- What are the restraining factors in the Connected Car market?
- Who are the key players of the Connected Car market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Connected Car#
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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