Connected Vehicles: Operator Opportunities, Competitor Leaderboard and Market Forecasts 2023-2027

The new Connected Vehicles research report provides an independent analysis of the future evolution of this fast-paced market and advanced connectivity solutions within the automotive industry. It provides a comprehensive study of the increase in constant connectivity technology features in cars being adopted by automotive original equipment manufacturers, how the rise of 5G is impacting the connected cars market expansion, and the key role mobile network operators have in driving the market forward in order to offer advanced connectivity and an enhanced driving experience.

The connected car technologies research also analyses a wide range of other new developments and technological advancements and key trends in this highly important market. The connected vehicle services report presents comprehensive market forecasts; with major factors that include extensive insights into how many connected vehicles are in service, how many of them use 5G, which are consumer and commercial vehicles, data usage by these vehicles, and the revenue associated with providing this connectivity for operators.

The connected services market size report positions 20 key market players in the Competitor Leaderboard; providing an invaluable resource for stakeholders seeking to understand the demand for advanced features and connectivity solutions, the increase in demand, and the competitive landscape in the market.

This connected car market growth research suite comprises:

• Strategy & Forecasts (PDF)
• 5-year Market Sizing & Forecast Spreadsheet (Excel)
• 12 Months’ Access to harvest Online Data Platform

Key Market Statistics

Market size in 2023:

• 192 million vehicles in service

Market size in 2027:

• 367 million vehicles in service

2023 - 2027 Market Growth:

• 91%

Key Features

Market Dynamics: Provides a detailed assessment of market drivers and the key market trends within the connected vehicles' market share, as well as an in-depth evaluation of the economic growth of its future development and readiness for further disruption.

Mobile Network Operators Opportunity Market Analysis: Analysis of how the operators will gain from the growth and improvement of advanced in-vehicle connectivity and real-time data, presenting their key opportunities in the connected car industry.

Competitor Leaderboard: Key player capability and capacity assessment for 20 connected vehicle management platform providers; positioning them as either established leaders, leading challengers, or disruptors and challengers. Our Competitor Leaderboard scores these companies on their size of operations in the connected vehicles space, their extent and breadth of market partnerships, the sophistication of their platforms and the publisher’s view on each company’s innovation and future business prospects.

The company profiles included in the Connected Vehicles Competitor Leaderboard are the following major players:

• ADLINK
• Airbiquity
• AT&T
• Cisco
• Ericsson
• Giesecke+Devrient
• Gosuncn
• Hopechart
• Huawei
• IBM
• IDEMIA
• KORE Wireless
• KPIT Technologies
• Mojio
• Octo Telematics
• Qualcomm
• Thales
• Verizon
• Vodafone
• WirelessCar

Benchmark Industry Forecasts: 5-year forecasts for the connected vehicles market, including the number of vehicles with embedded connectivity, revenue for operators and data usage, split by total and 5G, as well as by consumer vehicles versus commercial vehicles.

Data is also split by our 8 key regions and the 60 countries listed below:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam

Africa & Middle East:

• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Key Questions Answered

• What is the anticipated market size for in-vehicle connectivity over the next 5 years?
• How will in-vehicle connectivity use differ between consumer and commercial applications?
• How will 5G unlock new use cases within connected vehicles, including autonomous driving?
• Who are the key disruptors in this space, and what strategies are vendors employing?
• How is the industry expected to develop over the next 5 years?