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Global Connected Car Market (2023-2028) by Offerings, Transponder, Form, Network, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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  • 174 Pages
  • January 2023
  • Region: Global
  • Infogence Global Research
  • ID: 5451245

According to the international 5G automotive associations, 68% of accidents can be avoided with the upcoming 5G technology

The Global Connected Car Market is estimated to be USD 44.73 Bn in 2023 and is expected to reach USD 101.51 Bn by 2028, growing at a CAGR of 17.80%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Connected Car Market is segmented based on Offerings, Transponder, Form, Network, and Geography.
  • By Offerings, the market is classified into Hardware and Services.
  • By Transponder, the market is classified into Onboard Unit and Roadside Unit.
  • By Form, the market is classified into Embedded, Integrated, and Tethered.
  • By Network, the market is classified into Cellular, Dedicated Short Range Communication, and Operational Data.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Continental Ag, Ford Motor Co., Harman International Industries, Intellias, Ltd., Microsoft Corp., Panasonic Holdings Corp., Qualcomm Technologies, Inc., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Connected Car Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Connected Car Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Connected Car Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Connected Car Market

What is the estimated value of the Global Connected Car Market?

The Global Connected Car Market was estimated to be valued at $44.73 Billion in 2023.

What is the growth rate of the Global Connected Car Market?

The growth rate of the Global Connected Car Market is 17.8%, with an estimated value of $101.51 Billion by 2028.

What is the forecasted size of the Global Connected Car Market?

The Global Connected Car Market is estimated to be worth $101.51 Billion by 2028.

Who are the key companies in the Global Connected Car Market?

Key companies in the Global Connected Car Market include Airbiquity Inc., Airbiquity Inc., Aptiv PLC, AT&T Inc., AUDI Ag, BMW Ag, CloudMade, Continental Ag, Ford Motor Co. and Harman International Industries.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Regulations Mandates Advanced Features for Enhanced User Comfort, Safety, and Convenience
4.1.2 Increasing Ridesharing, Mobility Services, and Usage-Based Insurance
4.2 Restraints
4.2.1 High Installation Cost
4.3 Opportunities
4.3.1 Integration of Automotive Telematics and Sensor Application
4.3.2 Growing Adoption of Technologies such as Artificial Intelligence, 5G, Vehicle to Everything Communication
4.3.3 Improved Performance of Autonomous Vehicles
4.4 Challenges
4.4.1 Lack of Uninterrupted & Seamless Internet Connectivity
4.4.2 Threat of Cybersecurity
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Connected Car Market, By Offerings
6.1 Introduction
6.2 Hardware
6.2.1 Head Unit
6.2.2 Central Gateway
6.2.3 Intelligent Antenna
6.2.4 Electronic Control Unit
6.2.5 Telematic Control Unit
6.2.6 Keyless Entry Systems
6.2.7 Sensors
6.3 Services
6.3.1 Operational Data
6.3.2 Navigation
6.3.3 Remote Diagnostics
6.3.4 Multimedia Streaming
6.3.5 Social Media & Other Apps
6.3.6 OTA Updates
6.3.7 On-Road Assistance
6.3.8 eCall & SOS Assistance
6.3.9 Cyber Security
6.3.10 Remote Operation
6.4 Others (Collision Warning, Auto Parking/ Connected Parking)
7 Global Connected Car Market, By Transponder
7.1 Introduction
7.2 Onboard Unit
7.3 Roadside Unit
8 Global Connected Car Market, By Form
8.1 Introduction
8.2 Embedded
8.3 Integrated
8.4 Tethered
9 Global Connected Car Market, By Network
9.1 Introduction
9.2 Cellular
9.3 Dedicated Short Range Communication
9.4 Operational Data
10 Global Connected Car Market, By End-Users
10.1 Introduction
10.2 Aftermarket
10.3 Original Equipment Manufacturer
11 Americas' Connected Car Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas
12 Europe's Connected Car Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe
13 Middle East and Africa's Connected Car Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA
14 APAC's Connected Car Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific
15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements
16 Company Profiles
16.1 Airbiquity Inc.
16.2 Airbiquity Inc.
16.3 Aptiv PLC
16.4 AT&T Inc.
16.5 AUDI Ag
16.6 BMW Ag
16.7 CloudMade
16.8 Continental Ag
16.9 Ford Motor Co.
16.10 Harman International Industries
16.11 Intellias, Ltd.
16.12 Microsoft Corp.
16.13 Panasonic Holdings Corp.
16.14 Qualcomm Technologies, Inc.
16.15 Robert Bosch GmbH
16.16 Sierra Wireless
16.17 Tech Mahindra
16.18 Valeo
16.19 Verizon Communications Inc
16.20 Zubie, Inc.
17 Appendix
17.1 Questionnaire

Companies Mentioned

  • Airbiquity Inc.
  • Airbiquity Inc.
  • Aptiv PLC
  • AT&T Inc.
  • AUDI Ag
  • BMW Ag
  • CloudMade
  • Continental Ag
  • Ford Motor Co.
  • Harman International Industries
  • Intellias, Ltd.
  • Microsoft Corp.
  • Panasonic Holdings Corp.
  • Qualcomm Technologies, Inc.
  • Robert Bosch GmbH
  • Sierra Wireless
  • Tech Mahindra
  • Valeo
  • Verizon Communications Inc
  • Zubie, Inc.