Connected Cars Market Segmentation Trends and Industry Growth Forecast (2024-2031) | LUXOFT, Continental AG, Qualcomm Technologies, Inc.

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.

Connected Cars Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

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The Connected Cars market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

The Connected cars market involves vehicles equipped with internet connectivity and advanced communication systems, allowing them to exchange data with other vehicles, infrastructure, and the cloud. This technology enhances safety, navigation, entertainment, and vehicle performance. The market is driven by rising demand for autonomous driving, improved in-car experiences, and increasing adoption of smart technologies, along with regulatory support for connected vehicle innovations in safety and environmental performance.

Forecast Growth Projected:

The Global Connected Cars Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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.

Industry Development:

In May 2022, GM (General Motors) and Avanci entered into a patent licensing agreement, allowing GM access to a broad range of essential 2G, 3G, and 4G patents for connected vehicle technology. This agreement positions GM to integrate future advancements in connected vehicle technologies, laying the groundwork for further innovations in their vehicle offerings.

In January 2022, Aptiv PLC unveiled a new generation of advanced driver assistance systems (ADAS) designed for autonomous and electrified vehicles. Thanks to Aptiv's scalable architecture, the cost of software-driven vehicles is expected to be significantly reduced, making these advanced technologies more accessible and paving the way for the evolution of smart, connected vehicles.

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Regional Break out:

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

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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 Connected Cars 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 Connected Cars 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:

➠ What is the global sales value, production value, consumption value, import and export of Connected Cars market?

➠ Who are the global key manufacturers of the Connected Cars Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Connected Cars market opportunities and threats faced by the vendors in the global Connected Cars Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Connected Cars market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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