Key Statistics
- 192mn vehicles in service - Market size in 2023
- 367mn vehicles in service - Market size in 2027
- 91% - 2023-2027 market growth
- 2023-2027 - Forecast period
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
North America:
- Canada, US
- Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
- Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
- Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
- China, Hong Kong, Japan, South Korea
- Bangladesh, India, Nepal, Pakistan
- Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
- Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates
Research Deliverables
- Market Trends & Forecasts PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
- Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
- harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.
Executive Summary
The number of connected vehicles in service will reach 367 million globally in 2027, from 192 million in 2023. This growth of 91% will be driven by the advancement of both ADAS and increasing the capabilities of in-vehicle infotainment systems. 5G’s high speed and low-latency capabilities will be transformative to these goals, requiring effective collaborations between automotive OEMs and operators to realise.- Operators are critical to unlocking new use cases, such as autonomous driving and data-heavy infotainment, via 5G, representing a $3.6 billion opportunity for providing 5G connectivity enablement in 2027 globally.
- 5G can allow automotive OEMs to upgrade the in-vehicle experience. In a vehicle market transitioning to electric vehicles, improving the user experience is key. Operators hold the critical role in enabling this in a reliable way, making them the partners of choice as their 5G networks rapidly expand.
- By 2027, commercial vehicles will only account for 20% of connected vehicles worldwide, representing a small increase from 16% by the end of 2023. Commercial vehicle design is not leveraging connectivity beyond simple emergency call features and basic connected infotainment systems, although this is changing, as businesses prioritise tracking and logistics capabilities.
- Accordingly, automotive OEMs should prioritise integrations with common fleet tracking systems out of the factory to maximise the benefits of connectivity, and to enable commercial fleet owners to maximise efficiency in their processes.
Companies Mentioned
- 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


 
   
     
     
  