Driving into the Future: Key Insights from the Connected Cars Market Report 2023-2032 || Robert Bosch GmbH, Ford Motor Company, BMW, Audi AG, General Motors, Delphi, AT&T Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Connected Cars Global Market Report 2023 an increase in efforts by governments to develop intelligent transportation systems as the major driver for the connected cars market's growth in the forecast period. During the period, government efforts for the development of connected and autonomous cars contributed to the connected car market's growth. For instance, in the UK, government efforts were significant for the development of connected cars. The government in the UK has invested £40 million (US$50 million) schemes for kick-starting commercial autonomous vehicle (AV) services, such as delivery vehicles and passenger shuttles.

The global connected cars market size will grow from $69.20 billion in 2022 to $80.04 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global connected cars market size is expected to grow to $143.27 billion in 2027 at a CAGR of 15.7%.

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Major competitors in the connected cars market are Robert Bosch GmbH, Ford Motor Company, BMW, Audi AG, General Motors, Delphi, AT&T Inc., Airbiquity, Visteon, and Mercedes-Benz.

A key trend in the connected cars market includes increasingly developing new technologies such as digital and autonomous technologies. For instance, in 2022, NVIDIA Corporation, an American technology company launched an autonomous vehicles map software, " DRIVE Map". It is a multi-modal mapping engine designed to accelerate the deployment of autonomous Level-3 and Level-4 vehicles that can operate without human intervention. After acquiring HD mapping startup, DeepMap last year, Nvidia accelerated the development of DRIVE Map. These startup's mapping technologies were incorporated into DRIVE Map. The DRIVE Map by Nvidia combines the accuracy of DeepMap survey mapping with the scale of AI-based crowdsourcing.

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The Connected Cars market is segmented -

• By Product Type: Embedded, Tethered, Integrated, Other Product Types

• By Services: Driver Assistance, Safety, Entertainment, Well-Being, Vehicle Management, Mobility Management, Other Services

• By Application: Navigation, Infotainment, Telematics

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the connected cars market.

The Business Research Company's "Global Connected Cars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Connected Cars Market Include:
1. Executive Summary
2. Connected Cars Market Characteristics
3. Connected Cars Market Trends And Strategies
4. Connected Cars Market - Macro Economic Scenario
5. Connected Cars Market Size And Growth
……………
27. Connected Cars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Connected Cars Market
29. Connected Cars Market Future Outlook And Potential Analysis
30. Appendix

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