Press release
Global Automotive Connectivity Control Unit Market Projected to Surpass $214.81 Billion by 2029 with 21.7% Annual Growth
Automotive Connectivity Control Unit Market
The automotive connectivity control unit market is anticipated to experience significant growth due to the escalating demand for automobiles. This surge in demand is a result of factors such as population expansion, economic progress, changing consumer behaviours, and regulatory transformations. The use of an automotive connectivity control unit is vital in modern vehicles as it ensures efficient communication and harmonization between various in-car systems and outside networks, thus enhancing safety, productivity, and the overall user experience. Take for example the figures published in June 2023 by the Department for Transport, a ministerial department in the UK. By the end of December 2022, the registered number of plug-in vehicles in the UK was 1.114 million, indicating a 49% rise from December 2021's totals of 0.748 million. By the end of December 2022, the UK had a total of 40.7 million licensed vehicles, a 1.0% increase from December 2021. Hence, the mounting demand for automobiles is fueling the growth of the automotive connectivity control unit market.
Get Your Automotive Connectivity Control Unit Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-connectivity-control-unit-global-market-report
What growth opportunities are expected to drive the automotive connectivity control unit market's CAGR through 2034?
The market size of the automotive connectivity control unit has seen a spectacular rise in the last few years. Its growth is anticipated to go from $80.32 billion in 2024 to $98.04 billion in 2025, marking a compound annual growth rate (CAGR) of 22.1%. Factors contributing to the expansion in the historic period include increased preferences for in-vehicle connectivity solutions, developments in 5G technology within the automotive sector, a surge in cloud-based applications for automotive uses, enhanced vehicle-to-infrastructure (v2I) communication, and an intensified focus on energy efficiency as well as sustainability.
The market for automotive connectivity control units is projected to witness significant expansion in the forthcoming years, potentially reaching a worth of $214.81 billion by 2029, with a compound annual growth rate of 21.7%. The predicted growth in this time frame is informed by factors such as the growing consumer interest in connected car functionalities, an increased uptake of autonomous and electric vehicles, and the imposition of governmental regulations that necessitate vehicle connectivity. Other contributing factors include the evolving shift towards vehicle-to-everything (V2X) communication and heightened security and safety requirements for vehicles. Assets shaping the forecast period include the integration of Internet of Things (IoT) and intelligent devices into vehicles, the demand for advanced driver-assistance systems (ADAS), the incorporation of infotainment and telematics systems, the need for real-time data transmission and analysis, as well as the application of artificial intelligence and machine learning in automotive infrastructures.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17072&type=smp
What are the emerging trends shaping the future of the automotive connectivity control unit market?
Leading enterprises in the automotive connectivity control unit marketplace are pioneering innovative solutions like telematics control units to cater to customer needs more effectively through advanced features. Essentially, a telematics control unit is a digital device that is installed in vehicles. It manages and controls telematics services by gathering, storing, and sending vehicle information to external servers. For example, in February 2024, Harman, an American electronics firm, collaborated with Qualcomm Technologies, a technology company from the US, to introduce the Harman Ready Connect 5G Telematics Control Unit (TCU). This Ready Connect 5G TCU symbolizes a notable progression in automotive connectivity, delivering lavish in-car experiences to consumers, while also minimizing time to market and engineering efforts for car manufacturers. It is crafted to cater to the changing demands of the present automotive market, offering unmatched connectivity, superior performance, upgradeability, scalability, and user-friendliness. It utilizes Qualcomm's Snapdragon Modem-RF Gen 2 system to provide a flawless blend of performance, dependability, and advanced features.
Which growth-oriented segments of the automotive connectivity control unit market are leading the industry's development?
The automotive connectivity control unit market covered in this report is segmented -
1) By Product Type: External Vehicle Communication Control, In-Vehicle Communication Control
2) By Vehicle Type: Passenger Vehicle Automotive Connectivity Control Unit, Light Commercial Vehicle Automotive Connectivity Control Unit, Heavy Commercial Vehicle Automotive Connectivity Control Unit
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By External Vehicle Communication Control: Vehicle-to-Vehicle (V2V) Communication Control Units, Vehicle-to-Infrastructure (V2I) Communication Control Units, Vehicle-to-Everything (V2X) Communication Control Units
2) By In-Vehicle Communication Control: In-Vehicle Networking Control Units, In-Vehicle Infotainment Control Units, Telematics Control Units
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17072
What regions are leading the charge in the automotive connectivity control unit market?
North America was the largest region in the automotive connectivity control unit market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive connectivity control unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the automotive connectivity control unit market?
Major companies operating in the automotive connectivity control unit market are Robert Bosch GmbH, LG Electronics, Panasonic Corporation, ZF Friedrichshafen AG, Continental AG, Magna International Inc., AISIN SEIKI Co. Ltd., Mitsubishi Electric Corporation, Valeo SA, Aptiv PLC, STMicroelectronics, Infineon Technologies AG, Magneti Marelli S.p.A., HARMAN International Industries Inc., Garmin Ltd., Visteon Corporation, TomTom International B.V., Alpine Electronics Inc., Clarion USA, Pioneer Corporation, NVIDIA Corporation, Wind River, Hyundai Autron
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=17072&type=smp
What Is Covered In The Automotive Connectivity Control Unit Global Market Report?
•Market Size Forecast: Examine the automotive connectivity control unit market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive connectivity control unit market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive connectivity control unit market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive connectivity control unit market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive connectivity control unit market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive connectivity control unit market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive connectivity control unit market.
•Competitive Landscape: Review strategic developments in the automotive connectivity control unit market, including expansions, agreements, and new product launches.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Connectivity Control Unit Market Projected to Surpass $214.81 Billion by 2029 with 21.7% Annual Growth here
News-ID: 3920323 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Control
Taking Control: Automotive Seat Control Modules Market Innovations
According to the recent findings by Persistence Market Research, sales of automotive seat control modules are anticipated to reach a value of US$ 8.95 Billion in 2022 with consistent long-term projections for the market. According to the report, the market will expand at 5.3% CAGR from 2022 to 2032. Automotive seat control modules are seeing increasing sales as customers demand more comfortable seats and various automobile interior accessories.
Integrated systems that…
Insect pest control Market Demand, Overview, Size, Trend, and Cleankill Pest Con …
Global Insect pest control report from Global Insight Services is the single authoritative source of intelligence on Insect pest control market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product…
Noise Control Services Market Share 2022 Growth Challenges, Opportunities and Fu …
Global "Noise Control Services Market" to grow with an impressive CAGR over the forecast period from 2022-2030. The report on Noise Control Services offers the customers with a comprehensive analysis of vital driving factors, customer behavior, growth trends, product application, key player analysis, brand position and price patterns. The statistics on estimating patterns is obtained by studying product prices of key players as well as emerging market players. Additionally, Noise…
Global Control Valves Market | Control Valves Industry | Covid-19 Impact Global …
Control valves refer to valves used in process industries to regulate process variables, such as flow, pressure, temperature, and fluid level in process industries including water management, chemicals, oil & gas, power generation, pharmaceuticals, automotive, mining, and food & beverages. These valves play a vital role in mounting efficiency, safety, and profitability of these process industries. Moreover, manufacturers of control valves are continually engaged in research & development (R&D) activities…
Turbine Control System Market Report 2018: Segmentation by Component (Sensors, H …
Global Turbine Control System market research report provides company profile for ABB (Switzerland), Siemens (Germany), Honeywell (US), Emerson (US), GE (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…
Global Acoustic Control System Market 2017 Acoustic Control, Oceaneering Interna …
Global Acoustic Control System sales will reach about 1011 billion USD in 2017 from 875 billion USD in 2012 all around the world, with the CAGR of 2.62%. The Leading growing markets are China, Southeast Asia, etc. USA, EU, Oceania, India, etc. is the mature market with low growth rate.
Global Acoustic Control System Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This Acoustic Control…
