FEATURED COMPANIES
- Aeris Communications
- Audi AG
- Ford Motor Company
- Intel Corporation
- Octo Telematics SpA
- Robert Bosch GmbH
Global Connected Car Solutions Market to Reach $251.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Connected Car Solutions estimated at US$85.4 Billion in the year 2020, is projected to reach a revised size of US$251.5 Billion by 2027, growing at a CAGR of 16.7% over the analysis period 2020-2027. Embedded, one of the segments analyzed in the report, is projected to record a 16.4% CAGR and reach US$117.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Integrated segment is readjusted to a revised 18.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $25.3 Billion, While China is Forecast to Grow at 16.1% CAGR
The Connected Car Solutions market in the U.S. is estimated at US$25.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$43.6 Billion by the year 2027 trailing a CAGR of 16.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.8% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR.
Tethered Segment to Record 14.8% CAGR
In the global Tethered segment, USA, Canada, Japan, China and Europe will drive the 14.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.8 Billion in the year 2020 will reach a projected size of US$38.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.4 Billion by the year 2027.
Select Competitors (Total 72 Featured):
Amid the COVID-19 crisis, the global market for Connected Car Solutions estimated at US$85.4 Billion in the year 2020, is projected to reach a revised size of US$251.5 Billion by 2027, growing at a CAGR of 16.7% over the analysis period 2020-2027. Embedded, one of the segments analyzed in the report, is projected to record a 16.4% CAGR and reach US$117.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Integrated segment is readjusted to a revised 18.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $25.3 Billion, While China is Forecast to Grow at 16.1% CAGR
The Connected Car Solutions market in the U.S. is estimated at US$25.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$43.6 Billion by the year 2027 trailing a CAGR of 16.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.8% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR.
Tethered Segment to Record 14.8% CAGR
In the global Tethered segment, USA, Canada, Japan, China and Europe will drive the 14.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.8 Billion in the year 2020 will reach a projected size of US$38.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.4 Billion by the year 2027.
Select Competitors (Total 72 Featured):
- Aeris Communications
- Airbiquity, Inc.
- Apple Inc.
- AT&T, Inc.
- Audi AG
- Automotive Grade Linux Foundation
- Bayerische Motoren Werke AG
- Cisco Systems Inc.
- Daimler AG
- Delphi Automotive LLP
- Fiat Chrysler Automobiles N.V.
- Ford Motor Company
- Freescale Semiconductor Inc
- General Motors Company
- Google Inc.
- Honda Motor Co. Ltd
- Intel Corporation
- Intelligent Mechatronic Systems Inc.
- Microsoft Corp.
- Nissan Motor Co., Ltd.
- NXP Semiconductors N.V.
- Octo Telematics SpA
- QNX Software Systems Ltd.
- Qualcomm Inc.
- Renault Group
- Robert Bosch GmbH
- Sierra Wireless
- Texas Instruments Inc.
- TomTom International BV
- Toyota Motor Corp
- Verizon Communications, Inc.
- Verizon Telematics Inc.
- Vodafone Automotive SpA
- Vodafone Group Plc
- WirelessCar
Frequently Asked Questions about the Global Market for Connected Car Solutions
What is the estimated value of the Global Market for Connected Car Solutions?
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FEATURED COMPANIES
- Aeris Communications
- Audi AG
- Ford Motor Company
- Intel Corporation
- Octo Telematics SpA
- Robert Bosch GmbH
I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes:
- Aeris Communications
- Airbiquity, Inc.
- Apple Inc.
- AT&T, Inc.
- Audi AG
- Automotive Grade Linux Foundation
- Bayerische Motoren Werke AG
- Cisco Systems Inc.
- Daimler AG
- Delphi Automotive LLP
- Fiat Chrysler Automobiles N.V.
- Ford Motor Company
- Freescale Semiconductor Inc
- General Motors Company
- Google Inc.
- Honda Motor Co. Ltd
- Intel Corporation
- Intelligent Mechatronic Systems Inc.
- Microsoft Corp.
- Nissan Motor Co. Ltd.
- NXP Semiconductors N.V.
- Octo Telematics SpA
- QNX Software Systems Ltd.
- Qualcomm Inc.
- Renault Group
- Robert Bosch GmbH
- Sierra Wireless
- Texas Instruments Inc.
- TomTom International BV
- Toyota Motor Corp
- Verizon Communications, Inc.
- Verizon Telematics Inc.
- Vodafone Automotive SpA
- Vodafone Group Plc
- WirelessCar
