Connected Car Market: Global Industry Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Type, Application, and Region

Connected Car Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the "Connected Car Market". The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Connected Car Market by thorough analysis, and projections are made up to 2030.

Market Projection:

Connected Car Market was valued at US$ 28.2 Bn. in 2022 and the total revenue is expected to grow at 19.02% of CAGR through 2023 to 2029, reaching nearly US$ 95.44 Bn.

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Connected Car Market Scope and Methodology:

The report analyzes the Connected Car market by dividing it into segments and conducting various regional analyses to offer a definition, description, and forecast. It necessitates thorough qualitative and quantitative research in addition to various key market attributes. The research involves examining competition, analyzing competitors, evaluating industries, studying financial effects, understanding viewpoints, tracking market trends, and estimating market size.

This report extensively analyzes the opportunities, challenges, drivers, and future trends in the market. It looks at past data and considers various possible market situations. The research meticulously analyzes the market's possibilities, market behavior, chances for growth, market divisions, geographical influences, examination of competitors, and predictions through suitable methods and hypotheses. The research also involves evaluating the value chain, studying impacts, conducting PESTLE analysis, and PORTER analysis.

Connected Car Market Regional Insights

The report provides a more detailed analysis of the markets in Asia Pacific, Europe, North America, South America, and the Middle East. Having a good grasp of the intricate operations of the worldwide Connected Car industry is crucial for the geographical analysis in the research. The report includes data on market size, growth rates, and commodity trade in every country. The report also outlines the latest progress in the worldwide Connected Car market in different countries and regions.

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Connected Car Market Segmentation

by Connectivity

1. Integrated
2. Embedded
3. Tethered

The Connected Car Market is divided into three segments based on connectivity: integrated, embedded, and tethered. Integrated connection accounted for the greatest market share in 2022. In-vehicle networking and communications play a critical role in the modern automobile's ability to communicate amongst actuators, modules, and sensors while also saving cable weight.

This network controls the anti-lock braking system (ABS), airbags, air conditioning, anti-theft, door locks, engine, radio, steering, suspension, transmission, windows, diagnostic testing, and other systems. This network has a number of sub-networks, such as LIN/SAE 2602, FlexRay, and Media Oriented Systems Transport (MOST). The vehicle business is evolving as a result of new advances in automotive connectivity and technology. The industry is moving closer to autonomous driving functionality thanks to technology such as artificial intelligence.

by Technology

1. 4G
2. 3G
3. 2G

by Application

1. Driver Assistance
2. Telematics
3. Infotainment
4. Others

The Connected Car Market is divided into four segments based on application: Driver Assistance, Telematics, Infotainment, and Others. Infotainment is predicted to dominate the connected car market during the forecast period. A "connected" automobile is one that has an infotainment system in the dash that can send and receive updated information wirelessly via the internet.

These gadgets frequently have touch screens and voice control, although their capabilities and compatibility with smartphone apps vary widely. A connected car with built-in wireless connections can benefit from capabilities such as remote start or unlocking, tracking adolescent drivers, and providing anti-theft tools such as remotely stopping a stolen vehicle. Each automaker has its own system, and there are sometimes many infotainment systems within a single vehicle line.

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Connected Car Market Key Players

1. Robert Bosch GmbH (Germany)
2. Continental AG (Germany)
3. Audi AG (Germany)
4. ZF Friedrichshafen AG (Germany)
5. Infineon Technologies (Germany)
6. TomTom N.V. (Netherlands)
7. NXP Semiconductors N.V. (Netherlands)
8. Denso Corporation (Japan)
9. Tata Consultancy Services Limited (India)
10. Visteon Corporation (US)
11. Harman International (US)
12. AT&T Inc. (US)
13. Airbiquity Inc (US)
14. Qualcomm Technologies Inc. (US)
15. Tesla, Inc (US)
16. BorgWarner Inc (US)
17. Ford Motor Company (US)
18. Microsoft Corporation (US)
19. Verizon Communications Inc (US)
20. Intel Corporation (US)
21. Sierra Wireless (Canada)
22. Magna International (Canada)

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Key questions answered in the Connected Car Market are:

What is Connected Car?
What was the Connected Car Market size in 2023?
What will be the CAGR at which the Connected Car Market will grow?
What are the upcoming industry applications and trends for the Connected Car Market?
What are the different segments of the Connected Car Market?
What segments are covered in the Connected Car Market?
Which are the factors expected to drive the Connected Car market growth?
What growth strategies are the players considering to increase their presence in Connected Car?
Who are the key players in the Connected Car Market?
Who are the leading companies and what are their portfolios in Connected Car Market?
What is the growth rate of the Connected Car Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Connected Car Market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.