Press release
Connected Cars Market | Driving Smart Mobility with IoT and V2X Integration | Major Companies - LUXOFT, Continental AG, Qualcomm Technologies, Inc., Robert Bosch GmbH
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 receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product offerings, competitive pricing strategies, financial performance metrics, strategic growth plans, and regional market penetration efforts.
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Connected cars are vehicles equipped with internet access and communication systems that enable them to interact with other vehicles, infrastructure, and external networks. These cars support a range of features, including real-time navigation, vehicle diagnostics, safety alerts, remote control via mobile apps, and infotainment services. By integrating sensors, telematics, and cloud connectivity, connected cars enhance driver convenience, improve road safety, and pave the way for autonomous driving and smart mobility ecosystems.
Market Players in the Connected Cars market
The prominent players in Connected Cars market research report are: LUXOFT, Continental AG, Qualcomm Technologies, Inc., Robert Bosch GmbH, Sierra Wireless, Tesla, Audi AG, BMW Group, Daimler AG and Ford Motor Company.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
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Connected Cars Market Key Development
➤ GM Secures Connected Vehicle Patents: In May 2022, GM signed a licensing deal with Avanci, gaining access to vital 2G, 3G, and 4G patents essential for future connected vehicle technologies.
➤ Aptiv Unveils New ADAS Architecture: In January 2022, Aptiv introduced a next-gen ADAS platform tailored for autonomous and electric vehicles, aimed at reducing the cost of software-driven automotive systems through scalable design.
➤ Grupo Antolin and Net4Things Partner on Connectivity: In February 2021, Grupo Antolin teamed up with Net4Things to advance connected car technologies, leveraging data analytics to explore innovative connectivity and driver service opportunities.
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Connected Cars Market Segments
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: Electronic Control Unit, Intelligent Antenna, Sensors, Keyless Entry Systems, Central Gateway, Head Unit, Telematics Control Unit
The Connected Cars industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Research Methodology
Our analytical framework employs cutting-edge statistical modeling and data mining techniques to identify emerging patterns, forecast market trajectories, and decode complex industry dynamics. We enhance our findings through sophisticated market segmentation analysis and Porter's Five Forces evaluation, providing a 360-degree view of the competitive landscape. This multi-layered methodology ensures our delivered insights are not only data-driven and credible but also strategically relevant and immediately actionable for critical business decisions.
Regions Covered:
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
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ Technology Road Map Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring
✅ Consumer Behavior & Demand Analysis
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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