Global Connected Car Market (2021-2026) by Service, Hardware Type, Form Type, Vehicle Type, End Market (2021-2026), Transponder Network, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Connected Car Market is estimated to be USD 36.5 Bn in 2021 and is expected to reach USD 82.1 Bn by 2026, growing at a CAGR of 17.6%.

Market Dynamics

The rising urge for escalated user comfort, convenience, and safety is one of the major factors contributing to the market's growth. The increasing tendency of consumers towards anti-theft systems and the adoption of significantly increased computing power and interconnectivity are majorly driving factors of the market. In addition, various features integration in connected cars such as remote diagnostics, predictive maintenance, and online service scheduling have increased connected cars' popularity. Other factors contributing to the market growth include the growing acquisition of driver assistance systems. However, some factors, including the absence of infrastructure for the proper functioning of connected cars, may affect the market growth. Automotive cyber threats introduce the potential for mass compromise of vehicles and entire fleets, hindering the market growth.

Research of several technologies such as artificial intelligence and 5G is expected to generate untapped opportunities for market participants.

Market Segmentation

• The Global Connected Car Market is segmented further based on Service, Hardware Type, Form Type, Vehicle Type, End Market, Transponder Network, and Geography.
• By Service, the market is classified into Navigation, Remote Diagnostics, Multimedia Streaming, Social Media & Other Apps, OTA Updates, On-Road Assistance, eCall & SOS Assistance, Cyber Security, Remote Operation, Collision Warning, Auto Parking/Connected Parking, Autopilot, Home Integration, Vehicle Management, and Asset Tracking.
• By Hardware Type, the market is classified as Head Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit, Telematic Control Unit, Keyless Entry Systems, and Sensors.
• By Form Type, the market is classified as Embedded, Tethered, and Integrated.
• By Vehicle Type, the market is classified as Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle.
• By End Market, the market is classified as OEM and Aftermarket.
• By Transponder, the market is classified as Onboard unit and Roadside unit.
• By Network, the market is classified as Operational Data, Dedicated Short Range Communication, and Cellular.
• By Geography, America is projected to lead the market.

Recent Developments

1. Mercedes-Benz India strengthens its connected car ecosystem by launching the S-Class 'Maestro Edition' featuring the latest' Mercedes me connect' technology with features such as Alexa Integration, Google Home Integration, and Parking Solution POIs in Navigation - 5th January 2021
2. BlackBerry is delivering this solution through a partnership with California-based financial technology solution provider Car IQ, which leverages BlackBerry IVY's in-vehicle edge computing and direct access to vehicle sensors. - 11th August 2021

Company Profiles

Some of the companies covered in this report are Airbiquity, CloudMade, Continental, Intellias, Luxoft, Qualcomm Technologies, Robert Bosch, Sierra Wireless, 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.

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 and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is 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