Press release
Connected Car Market Business Expansion Strategies for the Market in 2023-2031
The global connected car market is expected to reach USD 64.2 billion by 2030, growing at a CAGR of 23.5% from 2022 to 2030. In 2021, the market was estimated to be USD 27.0 billion. Factors such as the implementation of stringent safety regulations, increasing adoption of high-end and luxury cars, and the growing integration of connectivity are driving the demand for connected cars.Major market players in this industry include Continental, Bosch, HARMAN, Airbiquity, Visteon, Cloudmade, Intellias, and Verizon.
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The objective of this study is to define market sizes of different segments and countries in recent years and forecast their values for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country involved in the study. It provides detailed information about driving factors, challenges, opportunities, competitive landscape, and product offerings of key players.
The market segments and sub-segments are as follows:
By Service:
- ICE & EV
- OTA
- Navigation
- Cybersecurity
- Multimedia Streaming
- Social Media
- E-Call
- Autopilot
- Home Integration
By Hardware:
- Intelligent Antenna
- Telematics Control Unit
- Keyless Entry System
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By Form:
- Embedded
- Tethered
- Integrated
By End Market:
- OEM
- Aftermarket
By Transponder:
- Onboard Unit
- Roadside Unit
By Network:
- DSRC
- Cellular
By EV Service:
- Navigation
- Remote Diagnostics
- Multimedia Streaming
- Cybersecurity
The regional analysis covers North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia Pacific), South America (Brazil, Argentina, Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA).
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The study considers historical years as 2017 and 2020, the base year as 2021, and the forecast period from 2022 to 2030.
The target audience for this market study includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.
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