Connected Car Market Analysis by Manufacturers, Regions, Type And Application, Forecast To 2027

Market Scenario:
Connected car is a car which is equipped with advance sensors and technologies and helps the driver to gather real time information around him. Generally it is equipped with internet which is connected with the smart devices both inside the car and outside. The cars can communicate with another cars which is travelling on the same road and can exchange the information about accidents, weather, road blocks, traffic etc. From past couple of years, market for connected cars has seen tremendous growth with incredible CAGR of high Connected Car Market has been valued at billion in US by the end of forecasted period which is expected to grow at US billion by the end of forecasted period.

Key players:

General Motors (U.S.),

Apple Inc. (U.S.),

Audi AG (Germany),

Ford Motor Company (U.S.),

Honda Motor Co. Ltd. (Japan),

NXP Semiconductors (Netherlands),

BMW (Germany),

Microsoft Corporation (U.S.),

Freescale Semiconductor Inc. (U.S.),

Texas Instruments Incorporated (U.S.),

Sierra Wireless (Canada) among others.

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Market Segmentation
Segmentation by Technology: 2G, 3G, LTE, Wi-Fi & Bluetooth.

Segmentation by Components: Sensors, Processors, Cellular and wireless modules.

Segmentation by Services: Safety, Entertainment, Well-Being, Autonomous driving and Vehicle management, OEM Services among others.

Segmentation by Connectivity: Integrated, tethered and embedded.

Regional Analysis:

Currently, North America is dominating the market of Connected Cars with the market share high. Technological advancement and need of more safe cars is the key driver of this market in the connected car market. Going ahead, Europe stands as second biggest market of connected cars due to the high standard of living of European countries and high investment in the automotive. Asia Pacific has emerged as fastest growing market with the CAGR of high. The current market of connected cars in the APAC region has been valued at US billion which is expected to high grow by the end of forecasted period.

Study Objective of Connected Car Market

To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Connected Car Market

To provide insights about factors affecting the market growth

To analyze the Connected Car market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

To provide country level analysis of the market with respect to the current market size and future prospective

To provide country level analysis of the market for segment by technology, by components, by services, by connectivity and sub-segments.

To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Connected Car Market
 
Industry News

BMW is using SIM card based connected drive technology for connected cars.
A study shows that Tesla and Toyota are among the smartest companies working in connected car market.

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The reports also covers brief analysis of Geographical Region includes:

Americas

North America
US
Canada
Europe

Western Europe
Germany
France
Italy
Spain
U.K
Rest of Western Europe
Eastern Europe
Asia– Pacific

Asia
China
India
Japan
South Korea
Rest of Asia 
 
The Middle East & Africa:

The report for Global Connected Car Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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This release was published on openPR.