Connected Cars Market Boom: A $56.2B Industry by 2031 | LUXOFT, Continental AG, Qualcomm Technologies, Inc., Robert Bosch GmbH, Sierra Wireless, Tesla, Audi AG, BMW Group

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 Car Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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A connected car refers to a vehicle equipped with internet connectivity and various in-car systems that allow it to communicate with other devices, vehicles, and external infrastructure. This technology enables features like real-time traffic updates, remote diagnostics, navigation assistance, vehicle-to-vehicle (V2V) communication, and enhanced safety features through sensors and cameras. Connected cars leverage the Internet of Things (IoT) to improve the driving experience, offering increased convenience, safety, and efficiency.

List of the Key Players in the Connected Car Market:

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

Growth Forecast Projected:

The Global Connected Car 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.

Research Process:

Both primary and secondary data sources have been used in the global Connected Car 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.

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Segment Covered in the Connected Car 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 Analysis for Connected Car Market:

The regional analysis of the Connected Car Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

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

➠ Who are the leading manufacturers in the global Connected Car industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Connected Car industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Connected Car market?

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

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