Global Connected Car Market Analysis and Forecast to 2023

  • ID: 4435242
  • Report
  • Region: Global
  • 145 pages
  • P&S Market Research
1 of 4

FEATURED COMPANIES

  • AT&T, Inc.
  • Audi AG
  • Google, Inc.
  • IBM Corporation
  • Intel Corporation
  • Qualcomm Incorporated
  • MORE
Connected car market size is projected to crosss $43,451 million by 2023, led by rapid adoption of IoT and adjacent technologies in the automobile industry. Connected car in this report refers to a vehicle that is capable of optimizing its own operations and maintenance as well as the convenience and comfort of passengers using sensors which are generally onboard and have continuous connectivity to the internet. The connectivity with network allows connected car to share content with various devices and applications inside as well as outside a vehicle’s environment.

Insights on Market Segments:

As per the findings of research, fleet manager was the highest revenue generating product category in the global market, accounting for more than 40% in 2016. In terms of application, the market is bifurcated into navigation, infotainment, and telematics, where navigation stood as the largest application area of connected cars. Navigation is also expected to be the fastest growing application of connected cars in the years to come. Connected cars are now being transformed from a simple automobile concept to advanced automotive technology in a relatively short time span.

All major automotive manufacturers across the globe, are now concentrating on developing and implementing the connected car concept into their vehicles. Over half of the connected car industry revenue in 2023 is expected to come from integrated solutions. During the forecast period, embedded will remain the second preferred connectivity solution among connected car consumers.

North America stands as the largest connected car market

Geographically, North America accounted for more than 40% of the global connected car revenue in 2016. The highest revenue contribution is backed by high technological advancements and enterprise’s receptivity towards new technologies in the region. Being one of the largest passenger car markets globally, and early adopter of smart and connected car features at residential and commercial scale.

Connected cars are expected to witness fastest growth in Asia-Pacific, during the forecast period. This is due to rapid urbanization and increase in household incomes, which is attracting the consumers to replace their traditional and legacy vehicles with the smart and connected variant. Apart from this, major automotive players residing in the region are heavily investing in the design and development of connected cars for regional use and export.

Availability of connectivity options bolsters the global market growth

Factors driving the growth of the global market include increasing availability of connectivity options, rise in the usage of advanced diagnostic and maintenance system, and increasing awareness toward safety and security of passengers. The emerging rise in smart phone technology has changed the definition of connectivity in recent time. Consumers wish to stay connected with the outer world even while travelling. Now that connectivity has become a need of the hour, the automobile manufacturers strongly resonate for providing connectivity solution in their vehicles to boost their automobile sales.

Introduction of internet of things (IoT) in automobile is another factor which is driving the market worldwide and presenting completely new options to the legacy concept of a car. The introduction of IoT is behind the overall growth of the global connected car market. With the rapid ongoing adoption of IoT and its adjacent technologies, the automotive industry is becoming a winner of IoT services among all industries. Further, companies operating in the advanced automotive sector, with the help of IoT, are offering a heap of plug-and-play connected components that rationalize the growth of connected car applications by periods and ensure seamless integration between the different components of connected car within a protected cloud environment.

Collaboration between industry players:

Automotive players are entering in strategic alliances with technology providers to combine their expertise and offer best in class connected car solutions and compete with peers. For instance, Honda Cars India recently tied up with IBM, leading to a collaboration between IBM Watson IoT and Honda Connect. Honda, an automobile manufacturer in the region, aims to enhance its existing Honda Connect platform using Watson IoT and offer its customers with new features around service booking, convenience, safety and security. Some of the major players operating in this market are Telefonica S.A., Google Inc., Bayerische Motoren Werke (BMW) Group, AT&T Inc., Intel Corporation, IBM Corporation, and Vodafone Group Plc.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • AT&T, Inc.
  • Audi AG
  • Google, Inc.
  • IBM Corporation
  • Intel Corporation
  • Qualcomm Incorporated
  • MORE
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope

1.3.1 Market Segmentation by Products & Services
1.3.2 Market Segmentation by Connectivity Solution
1.3.3 Market Segmentation by Technology
1.3.4 Market Segmentation by Application
1.3.5 Market Segmentation by Geography
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product & Service
4.1.1.1 Sensors
4.1.1.2 Wireless and cellular modules
4.1.1.3 Processors
4.1.1.4 OEM services
4.1.1.5 Aftermarket services
4.1.1.6 Fleet manager
4.1.2 By Connectivity Solution
4.1.2.1 Integrated
4.1.2.2 Embedded
4.1.2.3 Tethered
4.1.3 By Technology
4.1.3.1 4G/LTE
4.1.3.2 3G
4.1.3.3 2G
4.1.4 By Application
4.1.4.1 Navigation
4.1.4.2 Telematics
4.1.4.3 Infotainment
4.2 Market Dynamics
4.2.1 Trends
4.2.2 Drivers
4.2.2.1 Increasing availability of connectivity options
4.2.2.2 Rise in usage of advanced diagnostic and maintenance system
4.2.2.3 Increasing awareness toward safety and security
4.2.2.4 Driving experience
4.2.2.5 Rise in connected vehicle management system
4.2.2.6 Introduction of IoT in automotive industry
4.2.2.7 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 High capital expenditure and maintenance cost
4.2.3.2 Privacy and security concerns
4.2.3.3 Non-availability of uninterrupted and seamless connectivity
4.2.3.4 Lack of user-friendly hardware and interfaces
4.2.3.5 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Massive unexplored connected car market across the globe
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining power of suppliers
4.3.2 Bargaining power of buyers
4.3.3 Threat of new entrants
4.3.4 Intensity of rivalry
4.3.5 Threat of substitutes

5. Global Market Size and Forecast
5.1 By Products and Services
5.2 By Connectivity Solutions
5.3 By Technology
5.4 By Application
5.5 By Region

6. North America Market Size and Forecast
6.1 North America Connected Car Market, by Products & Services
6.2 North America Connected Car Market, by Connectivity Solution
6.3 North America Connected Car Market, by Technology
6.4 North America Connected Car Market, by Application

7. Europe Market Size and Forecast
7.1 Europe Connected Car Market, by Products & Services
7.2 Europe Connected Car Market, by Connectivity Solution
7.3 Europe Connected Car Market, by Technology
7.4 Europe Connected Car Market, by Application

8. Asia-Pacific Market Size and Forecast
8.1 Asia-Pacific Connected Car Market, by Products & Services
8.2 Asia-Pacific Connected Car Market, by Connectivity Solution
8.3 Asia-Pacific Connected Car Market, by Technology
8.4 Asia-Pacific Connected Car Market, by Application

9. Latin America, Middle-East & Africa Market Size and Forecast
9.1 LAMEA Connected Car Market, by Products & Services
9.2 LAMEA Connected Car Market, by Connectivity Solution
9.3 LAMEA Connected Car Market, by Technology
9.4 LAMEA Connected Car Market, by Application

10. Competitive Landscape
10.1 Product Benchmarking of Top Car Diagnostic Adapters
10.1.1 Automatic
10.1.2 Verizon Hum
10.1.3 Vinli
10.2 Global Strategic Developments of Key Players
10.2.1 Product Launch
10.2.2 Partnership
10.2.3 Others

11. Company Profiles
11.1 Telefonica, S.A.
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.1.3 Strategic Growth Plans
11.2 Google, Inc.
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.2.3 Strategic Growth Plans
11.3 Bayerische Motoren Werke Group (BMW AG)
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.3.3 Strategic Growth Plans
11.4 AT&T, Inc.
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.4.3 Strategic Growth Plans
11.5 IBM Corporation
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.5.3 Strategic Growth Plans
11.6 Intel Corporation
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.6.3 Strategic Growth Plans
11.7 Vodafone Group Plc
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.7.3 Strategic Growth Plans
11.8 Tesla, Inc.
11.8.1 Business Overview
11.8.2 Product and Service Offerings
11.8.3 Strategic Growth Plans
11.9 Audi AG
11.9.1 Business Overview
11.9.2 Strategic Growth Plans
11.1 Qualcomm Incorporated
11.10.1 Business Overview
11.10.2 Product and Service Offerings
11.10.3 Strategic Growth Plans

12. Appendix
12.1 Abbreviations

List of Tables:

Table 1 Analysis Period Of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 Global Connected Car Market, By Products And Services, $M (2013 - 2016)
Table 5 Global Connected Car Market, By Products And Services, $M (2017 - 2023)
Table 6 Global Connected Car Market, By Connectivity Solution, $M (2013 - 2016)
Table 7 Global Connected Car Market, By Connectivity Solution, $M (2017 - 2023)
Table 8 Global Connected Car Market, By Technology, $M (2013 - 2016)
Table 9 Global Connected Car Market, By Technology, $M (2017 - 2023)
Table 10 Global Connected Car Market, By Application, $M (2013 - 2016)
Table 11 Global Connected Car Market, By Application, $M (2017 - 2023)
Table 12 Global Connected Car Market, By Region, $M (2013 - 2016)
Table 13 Global Connected Car Market, By Region, $M (2017 - 2023)
Table 14 North America Connected Car Market, By Products & Services, $M (2013 - 2016)
Table 15 North America Connected Car Market, By Products & Services, $M (2017 - 2023)
Table 16 North America Connected Car Market, By Connectivity Solution, $M (2013 - 2016)
Table 17 North America Connected Car Market, By Connectivity Solutions, $M (2017 - 2023)
Table 18 North America Connected Car Market, By Technology, $M (2013 - 2016)
Table 19 North America Connected Car Market, By Technology, $M (2017 - 2023)
Table 20 North America Connected Car Market, By Application, $M (2013 - 2016)
Table 21 North America Connected Car Market, By Application, $M (2017 - 2023)
Table 22 Europe Connected Car Market, By Products & Services, $M (2013 - 2016)
Table 23 Europe Connected Car Market, By Products & Services, $M (2017 - 2023)
Table 24 Europe Connected Car Market, By Connectivity Solution, $M (2013 - 2016)
Table 25 Europe Connected Car Market, By Connectivity Solutions, $M (2017 - 2023)
Table 26 Europe Connected Car Market, By Technology, $M (2013 - 2016)
Table 27 Europe Connected Car Market, By Technology, $M (2017 - 2023)
Table 28 Europe Connected Car Market, By Application, $M (2013 - 2016)
Table 29 Europe Connected Car Market, By Application, $M (2017 - 2023)
Table 30 Asia-Pacific Connected Car Market, By Products & Services, $M (2013 - 2016)
Table 31 Asia-Pacific Connected Car Market, By Products & Services, $M (2017 - 2023)
Table 32 Asia-Pacific Connected Car Market, By Connectivity Solution, $M (2013 - 2016)
Table 33 Asia-Pacific Connected Car Market, By Connectivity Solution, $M (2017 - 2023)
Table 34 Asia-Pacific Connected Car Market, By Technology, $M (2013 - 2016)
Table 35 Asia-Pacific Connected Car Market, By Technology, $M (2017 - 2023)
Table 36 Asia-Pacific Connected Car Market, By Application, $M (2013 - 2016)
Table 37 Asia-Pacific Connected Car Market, By Application, $M (2017 - 2023)
Table 38 LaMEA Connected Car Market, By Products & Services, $M (2013 - 2016)
Table 39 LaMEA Connected Car Market, By Products & Services, $M (2017 - 2023)
Table 40 LaMEA Connected Car Market, By Connectivity Solution, $M (2013 - 2016)
Table 41 LaMEA Connected Car Market, By Connectivity Solution, $M (2017 - 2023)
Table 42 LaMEA Connected Car Market, By Technology, $M (2013 - 2016)
Table 43 LaMEA Connected Car Market, By Technology, $M (2017 - 2023)
Table 44 LaMEA Connected Car Market, By Application, $M (2013 - 2016)
Table 45 LaMEA Connected Car Market, By Application, $M (2017 - 2023)
Table 46 Telefonica, S.A. - At A Glance
Table 47 Google, Inc. - At A Glance
Table 48 Bmw Ag - At A Glance
Table 49 At&T, Inc. - At A Glance
Table 50 Ibm Corporation - At A Glance
Table 51 Intel Corporation - At A Glance
Table 52 Vodafone Group Plc. - At A Glance
Table 53 Tesla, Inc. - At A Glance
Table 54 Audi Ag - At A Glance
Table 55 Qualcomm Incorporated - At A Glance

List of Figures:

Figure 1 Research Scope
Figure 2 Research Methodology
Figure 3 Regional Split Of Primary And Secondary Research
Figure 4 Breakdown Of Primary Research By Region
Figure 5 Breakdown Of Primary Research By Industry Participant
Figure 6 Breakdown Of Primary Research By Company Type
Figure 7 Data Triangulation Approach
Figure 8 Global Connected Car Market Summary
Figure 9 Porter's Five Forces Analysis
Figure 10 Global Connected Car Market Share, By Products And Services
Figure 11 Global Connected Car Market Share, By Connectivity Solution
Figure 12 Global Connected Car Market, By Connectivity Solution, $M (2013 - 2023)
Figure 13 Global Connected Car Market Share, By Technology
Figure 14 Global Connected Car Market Share, By Application
Figure 15 Connected Car Market- Regional Snapshot
Figure 16 North America Connected Car Market Snapshot
Figure 17 North America Connected Car Market, By Products & Services, $M (2013 - 2023)
Figure 18 North America Connected Car Market, By Connectivity Solution, $M (2013 - 2023)
Figure 19 North America Connected Car Market, By Technology, $M (2013 - 2023)
Figure 20 North America Connected Car Market, By Application, $M (2013 - 2023)
Figure 21 Europe Connected Car Market Snapshot
Figure 22 Europe Connected Car Market, By Products & Services, $M (2013 - 2023)
Figure 23 Europe Connected Car Market, By Connectivity Solution, $M (2013 - 2023)
Figure 24 Europe Connected Car Market, By Technology, $M (2013 - 2023)
Figure 25 Europe Connected Car Market, By Application, $M (2013 - 2023)
Figure 26 Asia-Pacific Connected Car Market Snapshot
Figure 27 Asia-Pacific Connected Car Market, By Products & Services, $M (2013 - 2023)
Figure 28 Asia-Pacific Connected Car Market, By Connectivity Solution, $M (2013 - 2023)
Figure 29 Asia-Pacific Connected Car Market, By Technology, $M (2013 - 2023)
Figure 30 Asia-Pacific Connected Car Market, By Application, $M (2013 - 2023)
Figure 31 LaMEA Connected Car Market Snapshot
Figure 32 LaMEA Connected Car Market, By Products & Services, $M (2013 - 2023)
Figure 33 LaMEA Connected Car Market, By Connectivity Solution, $M (2013 - 2023)
Figure 34 LaMEA Connected Car Market, By Technology, $M (2013 - 2023)
Figure 35 LaMEA Connected Car Market, By Application, $M (2013 - 2023)
Figure 36 Telefonica, S.A. Revenue Split By Geography (2016)
Figure 37 Google, Inc. Revenue Split By Segment (2016)
Figure 38 Bmw Revenue Split By Geography (2016)
Figure 39 At&T, Inc. Revenue Split By Operations (2016)
Figure 40 Ibm Corporation Revenue Split By Segment (2016)
Figure 41 Intel Corporation Revenue Split By Business Segment (2016)
Figure 42 Vodaphone Group Plc Revenue Split By Geography (2016)
Figure 43 Tesla, Inc. Revenue Split By Operations (2016)
Figure 44 Audi, Ag Revenue Split By Segment (2016)
Figure 45 Qualcomm, Inc. Revenue Split By Geography (2016)
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • AT&T, Inc.
  • Audi AG
  • Bayerische Motoren Werke Group (BMW AG)
  • Google, Inc.
  • IBM Corporation
  • Intel Corporation
  • Qualcomm Incorporated
  • Telefonica, S.A.
  • Tesla, Inc.
  • Vodafone Group Plc
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll