Connected Cars Market Size, Share, Industry Growth, Key Players, and Forecast through 2024-2031 | LUXOFT, Continental AG, Qualcomm Technologies, Inc.

The Connected Cars Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Connected Cars market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Connected Cars Market reached USD 23.5 billion in 2022 and is expected to reach USD 56.2 billion by 2031, growing with a CAGR of 18.5% during the forecast period 2024-2031.

The connected cars market refers to the growing segment of vehicles equipped with internet connectivity and advanced communication technologies that enable them to interact with other devices, infrastructure, and the cloud. This connectivity enhances the driving experience through features such as real-time navigation, vehicle diagnostics, remote monitoring, and over-the-air software updates. The market is driven by increasing consumer demand for smart technology, improvements in vehicle safety and efficiency, and the rise of autonomous driving systems. Additionally, the integration of IoT (Internet of Things) and advancements in telecommunications, like 5G, are facilitating the development of more sophisticated connected car features. As automakers focus on innovation and improving customer experiences, the connected cars market is expected to see significant growth in the coming years.

Key Developments:

In May 2022, GM and Avanci entered into a patent licensing agreement that provides the car manufacturer access to hundreds of essential 2G, 3G, and 4G patents related to connected vehicle technology for the future.

In January 2022, Aptiv PLC unveiled a new generation of advanced driver assistance systems (ADAS) designed for autonomous and electrified vehicles. This innovative approach leverages Aptiv's scalable architecture, aiming to reduce the costs associated with software-driven vehicles.

List of the Key Players in the Connected Cars Market:

LUXOFT, Continental AG, Qualcomm Technologies, Inc., Robert Bosch GmbH, Sierra Wireless, Tesla, Audi AG, BMW Group, Daimler AG and Ford Motor Company.

Research Process:

Both primary and secondary data sources have been used in the global Connected Cars Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Connected Cars Market:

By Type: Embedded, Tethered, Integrated.

By Network: Dedicated Short-Range Communication, Cellular.

By Services: Navigation, Remote Diagnostics, Collision Warning, Auto Parking, Autopilot, Vehicle Management, Cybersecurity, Others.

By Hardware Type: Electronic Control Unit, Intelligent Antenna, Sensors, Keyless Entry Systems, Central Gateway, Head Unit, Telematics Control Unit.

Regional Breakout:

The global Connected Cars Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Connected Cars Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Connected Cars Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

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Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

What are the challenges and threats that are likely to act as a barrier to the growth of the Connected Cars market?

What are the major opportunities that the companies can get to attain success in the world?

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