Press release
Connected Car Market Forecast: USD 95.44 Billion by 2029 with a 19.02% CAGR
Connected Car Market
The global connected cars market is revolutionizing the automotive industry, combining advanced technologies like IoT, AI, and 5G to enhance driving experiences. Valued at US$ 28.2 Bn. in 2022, the market is projected to grow to US$ 95.44 Bn. by 2029, with a remarkable CAGR of 19.02% during the forecast period.
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/13525/
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ:
Vietnam is emerging as a potential market for connected cars, driven by increasing digital infrastructure investments. Companies like ๐๐ข๐ง๐ ๐๐ฌ๐ญ and ๐๐จ๐ฌ๐๐ก have initiated partnerships to explore the local market. Recent government projects focusing on smart cities and intelligent transportation systems are creating significant opportunities for connected car technologies.
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐:
Thailand is positioning itself as a regional hub for automotive innovation. Automakers like ๐๐จ๐ฒ๐จ๐ญ๐ and ๐๐จ๐ง๐๐ are integrating connected technologies into their vehicle models for the Thai market. Recent developments include collaborations with local firms to expand 5G connectivity and government-backed initiatives promoting smart mobility solutions.
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง:
Japan leads the connected cars market with pioneering technologies and extensive R&D investments. Companies like ๐๐ข๐ฌ๐ฌ๐๐ง and ๐๐จ๐ฒ๐จ๐ญ๐ dominate the industry with cutting-edge solutions, including autonomous driving systems. A notable merger includes SoftBank's joint venture with global automakers to accelerate connected car adoption. Japan's push for regulatory standards further consolidates its market leadership.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฏ๐ข๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/13525/
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐:
South Korea's stronghold in telecommunications and automotive technology makes it a key player in the connected cars market. Market leaders like ๐๐ฒ๐ฎ๐ง๐๐๐ข and ๐๐ข๐ are at the forefront of innovations, including real-time vehicle diagnostics and autonomous driving features. Recent updates include the government's funding for 5G-enabled smart road projects and collaborations with tech giants like Samsung Electronics.
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐:
Singapore's advanced digital infrastructure supports rapid adoption of connected car technologies. Companies like ๐๐จ๐ง๐ญ๐ข๐ง๐๐ง๐ญ๐๐ฅ ๐๐ and ๐๐๐ข๐ฆ๐ฅ๐๐ซ have expanded their presence to capitalize on this market. The government's investments in autonomous vehicle testing and mobility-as-a-service platforms are propelling growth in the connected cars segment.
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ:
The US connected cars market is flourishing due to a high adoption rate of smart automotive technologies. Companies like ๐๐๐ฌ๐ฅ๐, ๐๐๐ง๐๐ซ๐๐ฅ ๐๐จ๐ญ๐จ๐ซ๐ฌ, and ๐ ๐จ๐ซ๐ are spearheading innovations, including over-the-air software updates and vehicle-to-everything (V2X) communication. Recent acquisitions, such as Ford's purchase of software startups, highlight the trend of integrating advanced digital capabilities.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ @https://www.maximizemarketresearch.com/request-sample/13525/
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐:
Europe remains a leader in connected cars, thanks to strong regulatory frameworks and investments in automotive technology. Companies like ๐๐จ๐ฅ๐ค๐ฌ๐ฐ๐๐ ๐๐ง, ๐๐๐, and ๐๐๐ง๐๐ฎ๐ฅ๐ญ dominate the landscape. Recent developments include mergers and acquisitions to enhance software development and partnerships with telecom providers to expand 5G networks, crucial for connected car ecosystems.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐จ๐ง๐ง๐๐๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ
1. Integrated
2. Embedded
3. Tethered
The market for connected cars is divided into three segments: tethered, embedded, and integrated. In 2022, integrated connectivity had the biggest market share. In-vehicle networking and communications play a major role in the modern automobile's ability to conserve wire weight and communicate amongst actuators, modules, and sensors.This network controls various features, including the engine, radio, steering, suspension, gearbox, windows, airbags, air conditioning, anti-theft, door locks, diagnostic testing, and the anti-lock brake system (ABS). This network has several sub-networks, such as Media Oriented Systems Transport (MOST), FlexRay, LIN/SAE 2602, and others.
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
1. 4G
2. 3G
3. 2G
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
1. Driver Assistance
2. Telematics
3. Infotainment
4. Others
The market for connected cars is divided into segments such as infotainment, telematics, and driver assistance. Over the course of the projection period, infotainment is anticipated to dominate the connected car market. "Connected" cars are any infotainment in-dash systems that may wirelessly transmit and receive updated information via the internet.
๐๐๐ญ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/connected-cars-market-key-trends/13525/
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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)
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
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