Connected Cars Market Size, Share | Industry Report 2024

Global Connected Cars market was valued at $30.1 billion in 2015 and is estimated to grow at a CAGR of 10.7% from 2017 to 2024.

The continuous technological advancements in the field of automobiles, information technology, information technology have resulted in the development of connected cars. The connected car’s technology has significantly changed the automobile sector landscape and is one of the key factor boosting innovations.

Today’s consumers are increasingly looking for smart digital solutions to stay connected throughout their travel period. The rapid increase in the use of smartphone features, such as Bluetooth enabled connectivity, call receiving, navigation, voice mail, music on demand other entertainment systems are amongst the key factors driving the connected cars market.

Furthermore, the growing collaboration across industry verticals such as automotive manufacturers, information technology providers, mobile network operators, and also government agencies are driving innovation in the connected cars market. Also, in the near future, the advent of self-driving cars is also anticipated to bring revolutionary changes in the market.

The government initiatives across the well-developed western economies are a key enabler for the market expansion. For instance, the majority of the European economies have already introduced mandates for e-call and real-time notifications. The use of cloud-based systems is also gaining high popularity to provide the necessary backend information, storage infrastructure for content and personalized services.

The key applications covered under the scope of the study include navigation, telematics, car to car communication, car to infrastructure communication, and infotainment.

The different technologies such as LTE, HSPA+, Bluetooth, 3G, and Wi-Fi are widely used for the communication and access to content. The applications such as navigation, infotainment and telematics are expected to have the maximum usage and these areas are attracting high investment in research and development of new products and services.

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Key findings from the study: -
• The use of cloud based systems is also gaining high popularity to provide the necessary backend information, storage infrastructure for content and personalized services.
• The different technologies such as LTE, HSPA+, Bluetooth, 3G, and Wi-fi are widely used for the communication and access to content.
• Key players include Alcatel-Lucent, AT&T Inc., General Motors, Google Inc, Apple, Audi AG, Ford Motor Corporation Major industry participants emphasize on seeking correlations across multiple disparate data sources and predicting customer behavior in order to achieve competitive advantage.

Ameri Research has segmented the Connected Cars Market by material categories, product type, end-use and region:

Market Segmentation
Connected Cars Market, by Technology (Revenue, USD Billion)
• 2G
• 3G
• 4G

Connected Cars Market, by Connectivity Solution (Revenue, USD Billion)
• Integrated
• Embedded
• Tethered

Connected Cars Market, by Application (Revenue, USD Billion)
• Infotainment
• Telematics
• Navigation

Connected Cars Market, by Region (Revenue, USD Billion)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Colombia
• Middle East & Africa
• Saudi Arabia
• UAE

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