A quick peek into the report
Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.1.1 Increasing Consumer Focus on Enhanced Anti-Theft Solutions
1.1.2 Growing Popularity of Usage-Based Insurance (UBI)
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Pricing Forecast
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Country and Company)
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.2 End User and Buying Criteria
1.6 Impact Analysis for Key Global Events
1.6.1 COVID-19
1.6.2 Russia/Ukraine War
1.7 Market Dynamics: Overview
1.7.1 Market Drivers
1.7.1.1 Integration of Advanced Mobility Solutions
1.7.1.2 Growing Demand for Premium Vehicles Owing to Inclination of Consumers toward Comfort and Luxury
1.7.2 Market Restraints
1.7.2.1 Lack of Connectivity Infrastructure to Restrain Growth
1.7.2.2 Challenges in Ensuring Data Privacy and Security
1.7.3 Market Opportunities
1.7.3.1 Integration with Home Automation Systems
1.7.3.2 Leveraging Data for Monetization Opportunities
2.1 Application Segmentation
2.2 Application Summary
2.3 Connected Car Market (by Application)
2.3.1 Mobility Management
2.3.2 Telematics
2.3.3 Infotainment
2.3.4 Driver Assistance
2.3.5 Navigation
2.3.6 Others (eCall, Autopilot, Remote Diagnostics, and Home Integration)
2.4 Connected Car Market (by Vehicle Type)
2.4.1 Internal Combustion Engine (ICE) Vehicle
2.4.2 Battery Electric Vehicle (BEV)
2.4.3 Hybrid Electric Vehicle (HEV)
2.4.4 Plug-in Hybrid Electric Vehicle (PHEV)
3.1 Product Segmentation
3.2 Product Summary
3.3 Connected Car Market (by Network Type)
3.3.1 Operational Data
3.3.2 Dedicated Short-Range Communication
3.3.3 Cellular
3.3.4 Satellite
3.4 Connected Car Market (by Sales Channel)
3.4.1 OEM
3.4.2 Aftermarket
3.5 Connected Car Market (by Form)
3.5.1 Embedded
3.5.2 Integrated
3.6 Connected Car Market (by Transponder)
3.6.1 Onboard Unit
3.6.2 Roadside Unit
3.7 Connected Car Market (by Hardware)
3.7.1 Head Unit
3.7.2 Central Gateway
3.7.3 Intelligent Antennas
3.7.4 Electronic Control Unit (ECU)
3.7.5 Telematics Control Unit
3.7.6 Keyless Entry System
3.7.7 Sensor
4.1 Regional Summary
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Application
4.2.5 Product
4.2.6 North America (by Country)
4.2.6.1 U.S.
4.2.6.1.1 Application
4.2.6.1.2 Product
4.2.6.2 Canada
4.2.6.2.1 Application
4.2.6.2.2 Product
4.2.6.3 Mexico
4.2.6.3.1 Application
4.2.6.3.2 Product
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 Europe (by Country)
4.3.6.1 Germany
4.3.6.1.1 Application
4.3.6.1.2 Product
4.3.6.2 France
4.3.6.2.1 Application
4.3.6.2.2 Product
4.3.6.3 U.K.
4.3.6.3.1 Application
4.3.6.3.2 Product
4.3.6.4 Italy
4.3.6.4.1 Application
4.3.6.4.2 Product
4.3.6.5 Rest-of-Europe
4.3.6.5.1 Application
4.3.6.5.2 Product
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Application
4.4.5 Product
4.4.6 Asia-Pacific (by Country)
4.4.6.1 China
4.4.6.1.1 Application
4.4.6.1.2 Product
4.4.6.2 Japan
4.4.6.2.1 Application
4.4.6.2.2 Product
4.4.6.3 India
4.4.6.3.1 Application
4.4.6.3.2 Product
4.4.6.4 South Korea
4.4.6.4.1 Application
4.4.6.4.2 Product
4.4.6.5 Rest-of-Asia-Pacific
4.4.6.5.1 Application
4.4.6.5.2 Product
4.5 Rest-of-the-World
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Application
4.5.5 Product
4.5.6 Rest-of-the-World (by Region)
4.5.6.1 South America
4.5.6.1.1 Application
4.5.6.1.2 Product
4.5.6.2 Middle East and Africa
4.5.6.2.1 Application
4.5.6.2.2 Product
5.1 Next Frontiers
5.2 Geographic Assessment
5.3 Company Profiles
5.3.1 Continental AG
5.3.1.1 Overview
5.3.1.2 Top Products/Product Portfolio
5.3.1.3 Top Competitors
5.3.1.4 Target Customers/End Users
5.3.1.5 Key Personnel
5.3.1.6 Analyst View
5.3.1.7 Market Share, 2023
5.3.2 HARMAN International
5.3.2.1 Overview
5.3.2.2 Top Products/Product Portfolio
5.3.2.3 Top Competitors
5.3.2.4 Target Customers/End Users
5.3.2.5 Key Personnel
5.3.2.6 Analyst View
5.3.2.7 Market Share, 2023
5.3.3 Robert Bosch GmbH
5.3.3.1 Overview
5.3.3.2 Top Products/Product Portfolio
5.3.3.3 Top Competitors
5.3.3.4 Target Customers/End Users
5.3.3.5 Key Personnel
5.3.3.6 Analyst View
5.3.3.7 Market Share, 2023
5.3.4 TomTom International BV
5.3.4.1 Overview
5.3.4.2 Top Products/Product Portfolio
5.3.4.3 Top Competitors
5.3.4.4 Target Customers/End Users
5.3.4.5 Key Personnel
5.3.4.6 Analyst View
5.3.4.7 Market Share, 2023
5.3.5 HERE
5.3.5.1 Overview
5.3.5.2 Top Products/Product Portfolio
5.3.5.3 Top Competitors
5.3.5.4 Target Customers/End Users
5.3.5.5 Key Personnel
5.3.5.6 Analyst View
5.3.5.7 Market Share, 2023
5.3.6 Valeo
5.3.6.1 Overview
5.3.6.2 Top Products/Product Portfolio
5.3.6.3 Top Competitors
5.3.6.4 Target Customers/End Users
5.3.6.5 Key Personnel
5.3.6.6 Analyst View
5.3.6.7 Market Share, 2023
5.3.7 Intellias
5.3.7.1 Overview
5.3.7.2 Top Products/Product Portfolio
5.3.7.3 Top Competitors
5.3.7.4 Target Customers/End Users
5.3.7.5 Key Personnel
5.3.7.6 Analyst View
5.3.7.7 Market Share, 2023
5.3.8 Tesla
5.3.8.1 Overview
5.3.8.2 Top Products/Product Portfolio
5.3.8.3 Top Competitors
5.3.8.4 Target Customers/End Users
5.3.8.5 Key Personnel
5.3.8.6 Analyst View
5.3.8.7 Market Share, 2023
5.3.9 Ford Motor Company
5.3.9.1 Overview
5.3.9.2 Top Products/Product Portfolio
5.3.9.3 Top Competitors
5.3.9.4 Target Customers/End Users
5.3.9.5 Key Personnel
5.3.9.6 Analyst View
5.3.9.7 Market Share, 2023
5.3.10 AUDI AG
5.3.10.1 Overview
5.3.10.2 Top Products/Product Portfolio
5.3.10.3 Top Competitors
5.3.10.4 Target Customers/End Users
5.3.10.5 Key Personnel
5.3.10.6 Analyst View
5.3.10.7 Market Share, 2023
5.3.11 AT&T INC.
5.3.11.1 Overview
5.3.11.2 Top Products/Product Portfolio
5.3.11.3 Top Competitors
5.3.11.4 Target Customers/End Users
5.3.11.5 Key Personnel
5.3.11.6 Analyst View
5.3.11.7 Market Share, 2023
5.3.12 Qualcomm Incorporated
5.3.12.1 Overview
5.3.12.2 Top Products/Product Portfolio
5.3.12.3 Top Competitors
5.3.12.4 Target Customers/End Users
5.3.12.5 Key Personnel
5.3.12.6 Analyst View
5.3.12.7 Market Share, 2023
5.3.13 Verizon
5.3.13.1 Overview
5.3.13.2 Top Products/Product Portfolio
5.3.13.3 Top Competitors
5.3.13.4 Target Customers/End Users
5.3.13.5 Key Personnel
5.3.13.6 Analyst View
5.3.13.7 Market Share, 2023
5.3.14 SEMTECH
5.3.14.1 Overview
5.3.14.2 Top Products/Product Portfolio
5.3.14.3 Top Competitors
5.3.14.4 Target Customers/End Users
5.3.14.5 Key Personnel
5.3.14.6 Analyst View
5.3.14.7 Market Share, 2023
5.3.15 Aptiv
5.3.15.1 Overview
5.3.15.2 Top Products/Product Portfolio
5.3.15.3 Top Competitors
5.3.15.4 Target Customers/End Users
5.3.15.5 Key Personnel
5.3.15.6 Analyst View
5.3.15.7 Market Share, 2023
5.3.16 Other Key Players
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast
Table 1: Market Snapshot
Table 2: Opportunities across Region
Table 3: Competitive Landscape Snapshot
Table 4: Trends Overview
Table 5: Top-Ranking UBI Insurers (by Region) and Customer Satisfaction Scores
Table 6: Regulatory Landscape for the Connected Car Market
Table 7: Application Summary (by Application)
Table 8: Application Summary (by Vehicle Type)
Table 9: Product Summary (by Network Type)
Table 10: Product Summary (by Sales Channel)
Table 11: Product Summary (by Form)
Table 12: Product Summary (by Transponder)
Table 13: Product Summary (by Hardware)
Table 14: Connected Car Market (by Region), $Billion, 2023-2034
Table 15: North America Connected Car Market (by Application), $Billion, 2023-2034
Table 16: North America Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 17: North America Connected Car Market (by Network Type), $Billion, 2023-2034
Table 18: North America Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 19: North America Connected Car Market (by Form), $Billion, 2023-2034
Table 20: North America Connected Car Market (by Transponder), $Billion, 2023-2034
Table 21: North America Connected Car Market (by Hardware), $Billion, 2023-2034
Table 22: U.S. Connected Car Market (by Application), $Billion, 2023-2034
Table 23: U.S. Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 24: U.S. Connected Car Market (by Network Type), $Billion, 2023-2034
Table 25: U.S. Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 26: U.S. Connected Car Market (by Form), $Billion, 2023-2034
Table 27: U.S. Connected Car Market (by Transponder), $Billion, 2023-2034
Table 28: U.S. Connected Car Market (by Hardware), $Billion, 2023-2034
Table 29: Canada Connected Car Market (by Application), $Billion, 2023-2034
Table 30: Canada Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 31: Canada Connected Car Market (by Network Type), $Billion, 2023-2034
Table 32: Canada Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 33: Canada Connected Car Market (by Form), $Billion, 2023-2034
Table 34: Canada Connected Car Market (by Transponder), $Billion, 2023-2034
Table 35: Canada Connected Car Market (by Hardware), $Billion, 2023-2034
Table 36: Mexico Connected Car Market (by Application), $Billion, 2023-2034
Table 37: Mexico Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 38: Mexico Connected Car Market (by Network Type), $Billion, 2023-2034
Table 39: Mexico Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 40: Mexico Connected Car Market (by Form), $Billion, 2023-2034
Table 41: Mexico Connected Car Market (by Transponder), $Billion, 2023-2034
Table 42: Mexico Connected Car Market (by Hardware), $Billion, 2023-2034
Table 43: Europe Connected Car Market (by Application), $Billion, 2023-2034
Table 44: Europe Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 45: Europe Connected Car Market (by Network Type), $Billion, 2023-2034
Table 46: Europe Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 47: Europe Connected Car Market (by Form), $Billion, 2023-2034
Table 48: Europe Connected Car Market (by Transponder), $Billion, 2023-2034
Table 49: Europe Connected Car Market (by Hardware), $Billion, 2023-2034
Table 50: Germany Connected Car Market (by Application), $Billion, 2023-2034
Table 51: Germany Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 52: Germany Connected Car Market (by Network Type), $Billion, 2023-2034
Table 53: Germany Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 54: Germany Connected Car Market (by Form), $Billion, 2023-2034
Table 55: Germany Connected Car Market (by Transponder), $Billion, 2023-2034
Table 56: Germany Connected Car Market (by Hardware), $Billion, 2023-2034
Table 57: France Connected Car Market (by Application), $Billion, 2023-2034
Table 58: France Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 59: France Connected Car Market (by Network Type), $Billion, 2023-2034
Table 60: France Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 61: France Connected Car Market (by Form), $Billion, 2023-2034
Table 62: France Connected Car Market (by Transponder), $Billion, 2023-2034
Table 63: France Connected Car Market (by Hardware), $Billion, 2023-2034
Table 64: U.K. Connected Car Market (by Application), $Billion, 2023-2034
Table 65: U.K. Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 66: U.K. Connected Car Market (by Network Type), $Billion, 2023-2034
Table 67: U.K. Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 68: U.K. Connected Car Market (by Form), $Billion, 2023-2034
Table 69: U.K. Connected Car Market (by Transponder), $Billion, 2023-2034
Table 70: U.K. Connected Car Market (by Hardware), $Billion, 2023-2034
Table 71: Italy Connected Car Market (by Application), $Billion, 2023-2034
Table 72: Italy Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 73: Italy Connected Car Market (by Network Type), $Billion, 2023-2034
Table 74: Italy Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 75: Italy Connected Car Market (by Form), $Billion, 2023-2034
Table 76: Italy Connected Car Market (by Transponder), $Billion, 2023-2034
Table 77: Italy Connected Car Market (by Hardware), $Billion, 2023-2034
Table 78: Rest-of-Europe Connected Car Market (by Application), $Billion, 2023-2034
Table 79: Rest-of-Europe Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 80: Rest-of-Europe Connected Car Market (by Network Type), $Billion, 2023-2034
Table 81: Rest-of-Europe Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 82: Rest-of-Europe Connected Car Market (by Form), $Billion, 2023-2034
Table 83: Rest-of-Europe Connected Car Market (by Transponder), $Billion, 2023-2034
Table 84: Rest-of-Europe Connected Car Market (by Hardware), $Billion, 2023-2034
Table 85: Asia-Pacific Connected Car Market (by Application), $Billion, 2023-2034
Table 86: Asia-Pacific Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 87: Asia-Pacific Connected Car Market (by Network Type), $Billion, 2023-2034
Table 88: Asia-Pacific Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 89: Asia-Pacific Connected Car Market (by Form), $Billion, 2023-2034
Table 90: Asia-Pacific Connected Car Market (by Transponder), $Billion, 2023-2034
Table 91: Asia-Pacific Connected Car Market (by Hardware), $Billion, 2023-2034
Table 92: China Connected Car Market (by Application), $Billion, 2023-2034
Table 93: China Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 94: China Connected Car Market (by Network Type), $Billion, 2023-2034
Table 95: China Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 96: China Connected Car Market (by Form), $Billion, 2023-2034
Table 97: China Connected Car Market (by Transponder), $Billion, 2023-2034
Table 98: China Connected Car Market (by Hardware), $Billion, 2023-2034
Table 99: Japan Connected Car Market (by Application), $Billion, 2023-2034
Table 100: Japan Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 101: Japan Connected Car Market (by Network Type), $Billion, 2023-2034
Table 102: Japan Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 103: Japan Connected Car Market (by Form), $Billion, 2023-2034
Table 104: Japan Connected Car Market (by Transponder), $Billion, 2023-2034
Table 105: Japan Connected Car Market (by Hardware), $Billion, 2023-2034
Table 106: India Connected Car Market (by Application), $Billion, 2023-2034
Table 107: India Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 108: India Connected Car Market (by Network Type), $Billion, 2023-2034
Table 109: India Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 110: India Connected Car Market (by Form), $Billion, 2023-2034
Table 111: India Connected Car Market (by Transponder), $Billion, 2023-2034
Table 112: India Connected Car Market (by Hardware), $Billion, 2023-2034
Table 113: South Korea Connected Car Market (by Application), $Billion, 2023-2034
Table 114: South Korea Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 115: South Korea Connected Car Market (by Network Type), $Billion, 2023-2034
Table 116: South Korea Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 117: South Korea Connected Car Market (by Form), $Billion, 2023-2034
Table 118: South Korea Connected Car Market (by Transponder), $Billion, 2023-2034
Table 119: South Korea Connected Car Market (by Hardware), $Billion, 2023-2034
Table 120: Rest-of-Asia-Pacific Connected Car Market (by Application), $Billion, 2023-2034
Table 121: Rest-of-Asia-Pacific Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 122: Rest-of-Asia-Pacific Connected Car Market (by Network Type), $Billion, 2023-2034
Table 123: Rest-of-Asia Pacific Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 124: Rest-of-Asia-Pacific Connected Car Market (by Form), $Billion, 2023-2034
Table 125: Rest-of-Asia-Pacific Connected Car Market (by Transponder), $Billion, 2023-2034
Table 126: Rest-of-Asia-Pacific Connected Car Market (by Hardware), $Billion, 2023-2034
Table 127: Rest-of-the-World Connected Car Market (by Application), $Billion, 2023-2034
Table 128: Rest-of-the-World Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 129: Rest-of-the-World Connected Car Market (by Network Type), $Billion, 2023-2034
Table 130: Rest-of-the-World Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 131: Rest-of-the-World Connected Car Market (by Form), $Billion, 2023-2034
Table 132: Rest-of-the-World Connected Car Market (by Transponder), $Billion, 2023-2034
Table 133: Rest-of-the-World Connected Car Market (by Hardware), $Billion, 2023-2034
Table 134: South America Connected Car Market (by Application), $Billion, 2023-2034
Table 135: South America Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 136: South America Connected Car Market (by Network Type), $Billion, 2023-2034
Table 137: South America Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 138: South America Connected Car Market (by Form), $Billion, 2023-2034
Table 139: South America Connected Car Market (by Transponder), $Billion, 2023-2034
Table 140: South America Connected Car Market (by Hardware), $Billion, 2023-2034
Table 141: Middle East and Africa Connected Car Market (by Application), $Billion, 2023-2034
Table 142: Middle East and Africa Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 143: Middle East and Africa Connected Car Market (by Network Type), $Billion, 2023-2034
Table 144: Middle East and Africa Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 145: Middle East and Africa Connected Car Market (by Form), $Billion, 2023-2034
Table 146: Middle East and Africa Connected Car Market (by Transponder), $Billion, 2023-2034
Table 147: Middle East and Africa Connected Car Market (by Hardware), $Billion, 2023-2034
Table 148: Market Share,2023
Figure 1: Connected Car Market (by Scenario), $Billion, 2024, 2027, and 2034
Figure 2: Connected Car Market (by Region), $Billion, 2023, 2027, and 2034
Figure 3: Connected Car Market (by Application), $Billion, 2023, 2027, and 2034
Figure 4: Connected Car Market (by Vehicle Type), $Billion, 2023, 2027, and 2034
Figure 5: Connected Car Market (by Network Type), $Billion, 2023, 2027, and 2034
Figure 6: Connected Car Market (by Sales Channel), $Billion, 2023, 2027, and 2034
Figure 7: Connected Car Market (by Form), $Billion, 2023, 2027, and 2034
Figure 8: Connected Car Market (by Transponder), $Billion, 2023, 2027, and 2034
Figure 9: Connected Car Market (by Hardware), $Billion, 2023, 2027, and 2034
Figure 10: Key Events
Figure 11: Vehicle Theft Incidents for 2019 and 2023 (Per 10,000 People)
Figure 12: Breakdown of Motor Vehicle Theft (by Vehicle Type), 2019-2023
Figure 13: Supply Chain and Risks within the Supply Chain
Figure 14: Value Chain Analysis
Figure 15: Global Connected Car Market Pricing Forecast, $/Car Technology, 2023-2034
Figure 16: Patent Analysis (by Country), January 2021-November 2024
Figure 17: Patent Analysis (by Company), January 2021-November 2024
Figure 18: Impact Analysis of Market Navigating Factors, 2023-2034
Figure 19: Estimated Percent of Registered Vehicles by ADAS Feature, 2020 and 2026
Figure 20: Imported Luxury Car Sales in South Korea, Units, 2018-2023
Figure 21: U.S. Connected Car Market, $Billion, 2023-2034
Figure 22: Canada Connected Car Market, $Billion, 2023-2034
Figure 23: Mexico Connected Car Market, $Billion, 2023-2034
Figure 24: Germany Connected Car Market, $Billion, 2023-2034
Figure 25: France Connected Car Market, $Billion, 2023-2034
Figure 26: U.K. Connected Car Market, $Billion, 2023-2034
Figure 27: Italy Connected Car Market, $Billion, 2023-2034
Figure 28: Rest-of-Europe Connected Car Market, $Billion, 2023-2034
Figure 29: China Connected Car Market, $Billion, 2023-2034
Figure 30: Japan Connected Car Market, $Billion, 2023-2034
Figure 31: India Connected Car Market, $Billion, 2023-2034
Figure 32: South Korea Connected Car Market, $Billion, 2023-2034
Figure 33: Rest-of-Asia-Pacific Connected Car Market, $Billion, 2023-2034
Figure 34: South America Connected Car Market, $Billion, 2023-2034
Figure 35: Middle East and Africa Connected Car Market, $Billion, 2023-2034
Figure 36: Strategic Initiatives, January 2021-November 2024
Figure 37: Data Triangulation
Figure 38: Top-Down and Bottom-Up Approach
Figure 39: Assumptions and Limitations
Connected Car Market Report Coverage
Connected Car Market |
|||
Base Year |
2023 |
Market Size in 2024 |
$96.64 Billion |
Forecast Period |
2024-2034 |
Value Projection and Estimation by 2034 |
$503.13 Billion |
CAGR During Forecast Period |
17.94% |
Number of Pages |
195 |
Number of Tables |
148 | Number of Figures | 39 |
Key Market Players and Competition Synopsis
The companies that are profiled in the connected car market have been selected based on inputs gathered from primary experts who have analyzed company coverage, product portfolio, and market penetration.
Some of the prominent names in this market are:
• Continental AG
• Robert Bosch GmbH
• TomTom International BV
• Valeo
• Tesla
• Ford Motor Company
• AUDI AG
• AT&T Inc.
• Qualcomm Incorporated
• Verizon
• SEMTECH
• Aptiv
• HARMAN International
• HERE Technologies
• Intellias
Companies not part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
How can this Report add value to an organization?
This report adds value to an organization by providing in-depth insights into the global connected car market, enabling informed decision-making and strategic planning. It highlights emerging technologies, market trends, and competitive dynamics, helping organizations identify growth opportunities and align their offerings with industry demands. The report’s detailed segmentation and regional analysis support targeted market entry strategies, while its coverage of regulatory frameworks and cybersecurity measures ensures compliance with evolving industry standards. By leveraging this report, organizations can drive innovation, enhance operational efficiency, and gain a competitive edge in the rapidly evolving connected mobility ecosystem, ensuring sustainable growth and technological leadership.
Research Methodology
Factors for Data Prediction and Modelling
• The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
• The currency conversion rate was taken from the historical exchange rate on the Oanda website.
• Nearly all the recent developments from January 2021 to November 2024 have been considered in this research study.
• The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
• Where relevant information was not available, proxy indicators and extrapolation were employed.
• Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
• Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.
Market Estimation and Forecast
This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the connected car market.
The market engineering process involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.
Primary Research
The primary sources involve industry experts from the connected car market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
The key data points taken from primary sources include:
• validation and triangulation of all the numbers and graphs
• validation of reports segmentation and key qualitative findings
• understanding the competitive landscape
• validation of the numbers of various markets for market type
• percentage split of individual markets for geographical analysis
Secondary Research
This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as the Census Bureau, OICA, and ACEA.
Secondary research was done to obtain crucial information about the industry’s value chain, revenue models, the market’s monetary chain, the total pool of key players, and the current and potential use cases and applications.
The key data points taken from secondary research include:
• segmentations and percentage shares
• data for market value
• key industry trends of the top players of the market
• qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
• quantitative data for mathematical and statistical calculations
Connected Car Market Overview
The global connected car market is set to witness significant growth, with its market size projected to expand from $96.64 billion in 2024 to approximately $503.13 billion by 2034, reflecting a 17.94% CAGR in a realistic scenario. Driven by rising consumer demand for advanced safety, infotainment, and telematics solutions, the market is witnessing rapid integration of vehicle-to-everything (V2X) communication, AI-driven mobility services, and 5G connectivity. The Asia-Pacific region is expected to dominate due to strong government support, growing urbanization, and technological advancements in countries such as China, Japan, and South Korea. The North America and Europe markets are also expanding, fueled by stringent regulations on vehicle safety and emissions, alongside increasing adoption of autonomous and electric vehicles. Key players such as Tesla, Ford, Continental AG, and Qualcomm are investing heavily in connected mobility innovations, smart telematics, and software-defined vehicles, further enhancing market competitiveness.
Introduction of Connected Car
The study conducted by BIS Research highlights connected cars as a significant evolution in automotive technology, integrating advanced communication systems to enable real-time data exchange between vehicles, infrastructure, and external networks. These vehicles leverage technologies such as telematics, vehicle-to-everything (V2X) communication, and IoT-based solutions to enhance safety, convenience, and overall driving experience. The increasing adoption of 5G, AI, and cloud-based platforms has further strengthened connectivity, allowing for features such as remote diagnostics, predictive maintenance, infotainment, and autonomous driving support. With stringent regulatory requirements emphasizing road safety, emissions reduction, and cybersecurity, automakers and technology providers are investing in smart mobility solutions to improve efficiency and user experience. The connected car market is rapidly growing, driven by consumer demand for enhanced vehicle intelligence, real-time navigation, and advanced driver-assistance systems (ADAS), positioning it as a key pillar in the future of intelligent transportation.
Market Introduction
The connected car market has evolved significantly over the years, transitioning from basic in-car connectivity features to a sophisticated ecosystem of real-time vehicle communication, automation, and advanced mobility solutions. The market is expected to witness exponential growth, with projections reaching over $500 billion by 2034. The increasing demand for smart mobility, real-time data insights, and enhanced vehicle security will continue to fuel innovation. The Asia-Pacific region is set to dominate the market, driven by strong 5G infrastructure, rapid urbanization, and government-backed smart transportation initiatives. Moreover, the integration of cloud-based platforms, AI-powered driving assistance, and connected vehicle monetization models will redefine automotive experiences. While challenges such as cybersecurity risks and infrastructure gaps remain, the future of connected cars is geared toward an autonomous, sustainable, and fully integrated digital mobility ecosystem.
Industrial Impact
The connected car market is driving significant industrial transformation, impacting multiple automotive, telecommunications, insurance, and technology sectors. Automakers are increasingly integrating vehicle-to-everything (V2X) communication, advanced telematics, and artificial intelligence (AI) to enhance safety, efficiency, and user experience. The telecommunications industry benefits from rising demand for 5G connectivity, enabling seamless real-time data exchange. Additionally, the insurance sector is adapting to usage-based insurance (UBI) models, leveraging telematics to offer personalized premium pricing. The market is also fostering sensor technology, cybersecurity, and cloud computing growth as real-time monitoring and predictive analytics become industry standards. Government regulations focused on safety, emissions, and data security are further shaping the ecosystem, driving innovation and strategic partnerships. Overall, the connected car market is accelerating digital transformation across industries, enhancing mobility solutions, smart city integration, and autonomous driving advancements.
Market Segmentation:
Segmentation 1: by Application
• Mobility Management
• Telematics
• Infotainment
• Driver Assistance
• Navigation
• Others (eCall, Autopilot, Remote Diagnostics, Home Integration)
Driver Assistance Segment to Dominate the Connected Car Market (by Application)
The driver assistance segment is leading in the connected car market due to the increasing adoption of advanced driver assistance systems (ADAS), which enhance vehicle safety and driving efficiency. Features such as adaptive cruise control, lane departure warning, automated emergency braking, and blind-spot monitoring are becoming standard in modern vehicles, driven by stringent government safety regulations and consumer demand for enhanced security. As autonomous driving technology advances, the integration of AI and real-time vehicle-to-everything (V2X) communication will further propel the adoption of driver assistance systems, reinforcing their dominance in the market.
Segmentation 2: by Vehicle Type
• Internal Combustion Engine (ICE) Vehicle
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
Internal Combustion Engine (ICE) Vehicles to Dominate the Connected Car Market (by Vehicle Type)
Despite the growing push toward electrification, internal combustion engine (ICE) vehicles still dominate the connected car market due to their large existing consumer base and well-established infrastructure. The presence of connected features such as real-time diagnostics, telematics, and infotainment systems in ICE vehicles is expanding as automakers aim to improve fuel efficiency and vehicle longevity. However, while electric and hybrid vehicles (EVs and HEVs) are rapidly growing, ICE vehicles hold a significant market share due to their affordability and widespread availability across developed and developing markets.
Segmentation 3: by Network Type
• Operational Data
• Dedicated Short-Range Communication (DSRC)
• Cellular
• Satellite
Cellular to Dominate the Connected Car Market (by Network Type)
Cellular connectivity is the dominant network type in the connected car market, primarily driven by the expansion of 4G and 5G networks globally. Cellular-based V2X communication enables real-time vehicle monitoring, remote diagnostics, software updates, and navigation services, making it the preferred choice for automakers and service providers. The rollout of 5G technology is expected to enhance low-latency communication further, support advanced autonomous driving applications, and enable seamless over-the-air (OTA) software updates, ensuring cellular remains the leading connectivity type.
Segmentation 4: by Sales Channel
• Original Equipment Manufacturer (OEM)
• Aftermarket
Original Equipment Manufacturers (OEMs) to Dominate the Connected Car Market (by Sales Channel)
OEMs dominate the sales channel segment as they integrate connected technologies directly into vehicles at the manufacturing stage, ensuring seamless hardware and software integration. Automakers collaborate with technology providers, telecom companies, and software developers to enhance connectivity, infotainment, and safety features. As the demand for factory-installed telematics, AI-based driver assistance, and cloud-based services increases, OEMs maintain a competitive advantage by offering pre-installed, high-performance connected solutions compared to aftermarket alternatives.
Segmentation 5: by Form
• Embedded
• Integrated
Integrated Connectivity to Dominate the Connected Car Market (by Form)
Integrated connectivity is the leading form in the connected car market due to its flexibility and enhanced user experience. Integrated systems allow seamless communication between mobile devices and vehicle infotainment systems, offering navigation, streaming services, real-time diagnostics, and remote-control features. Consumers prefer this model as it provides a hybrid approach, leveraging both embedded and tethered connectivity, ensuring continuous access to cloud-based applications and services while optimizing costs for manufacturers and users.
Segmentation 6: by Transponder
• Onboard Unit
• Roadside Unit
Onboard Unit to Dominate the Connected Car Market (by Transponder)
Onboard units (OBUs) are forecasted to be the dominant transponder type, as they are crucial for V2X communication and connected mobility solutions. OBUs facilitate toll collection, fleet management, automated emergency alerts, and real-time traffic updates, significantly improving vehicle efficiency and safety. With governments investing in smart city infrastructure and intelligent transport systems (ITS), OBUs are becoming essential in modern vehicles, ensuring their sustained dominance in the market.
Segmentation 7: by Hardware
• Head Unit
• Central Gateway
• Intelligent Antennas
• Electronic Control Unit (ECU)
• Telematics Control Unit
• Keyless Entry System
• Sensors
Telematics Control Unit (TCU) to Dominate the Connected Car Market (by Hardware)
The telematics control unit (TCU) leads the hardware segment as it acts as the central hub for connected vehicles, enabling cellular communication, GPS tracking, vehicle diagnostics, and over-the-air updates. As automakers prioritize remote monitoring, predictive maintenance, and AI-powered mobility solutions, TCUs have become indispensable in modern vehicle architectures. The rising adoption of fleet management services, connected insurance models, and real-time data analytics ensures TCUs remain the most critical hardware component in connected cars.
Segmentation 8: by Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Rest-of-Europe)
• Asia-Pacific (China, Japan, India, South Korea, Rest-of-Asia-Pacific)
• Rest-of-the-World (South America, Middle East and Africa)
Asia-Pacific to Dominate the Connected Car Market (by Region)
The Asia-Pacific region is the dominant market for connected cars, driven by rapid urbanization, strong government support for smart mobility initiatives, and extensive 5G deployment. Countries such as China, Japan, and South Korea lead the adoption of connected vehicle technologies, benefiting from a well-established automotive and electronics industry. The increasing demand for advanced driver assistance systems (ADAS), infotainment, and real-time vehicle diagnostics fuels market growth. Additionally, governments are implementing strict safety and emission regulations, encouraging automakers to integrate telematics and vehicle-to-everything (V2X) communication. The expansion of electric vehicle (EV) production and the rising number of partnerships between automakers and tech companies further strengthen Asia-Pacific’s dominance in the global connected car market.
Recent Developments in the Connected Car Market
• In 2023, Continental AG launched next-generation telematics and real-time data management platforms, equipping automakers with enhanced vehicle navigation, communication, and infotainment capabilities.
• In May 2023, Toyota Motor Corporation revealed a decade-long data breach caused by a cloud misconfiguration, exposing the location information of approximately 2.15 million connected car customers. The breach lasted from November 2013 to April 2023 and included sensitive data such as vehicle GPS terminal IDs and chassis numbers. Although the company reported no evidence of misuse, the incident highlights the critical data privacy and security risks within the connected car market.
• In 2023, General Motors (GM) faced a lawsuit from the Texas Attorney General for allegedly collecting and selling driver data without proper authorization. The complaint accused GM of gathering data from 1.8 million vehicle owners in Texas and selling it to companies such as LexisNexis Risk Solutions and Verisk Analytics without clear communication to consumers. This incident underscores the complexities and potential pitfalls automakers encounter in data monetization, highlighting the necessity for transparent data practices and robust privacy protections.
Demand - Drivers, Limitations, and Opportunities
Market Demand Drivers: Integration of Advanced Mobility Solutions
The integration of advanced mobility solutions is a key driver for the connected car market, enabling seamless access to ridesharing, car-sharing, and mobility-as-a-service (MaaS) platforms. These solutions enhance convenience, reduce ownership costs, and provide efficient transportation options for consumers. Additionally, connected cars equipped with advanced mobility features enable real-time route optimization, traffic management, and vehicle diagnostics, improving the overall travel experience. As urbanization and demand for smart transportation grow, the adoption of connected cars integrated with advanced mobility solutions continues to rise, shaping the future of mobility.
Companies such as ZF Aftermarket have been providing solutions to support the integration and maintenance of ADAS systems, particularly in the commercial vehicle sector. With mandates for driver assistance systems becoming more stringent, in February 2024, ZF Aftermarket introduced original equipment (OE)-quality sensors under its WABCO brand, with comprehensive support to ensure compliance and maximize safety. By providing essential components and repair kits, the company facilitates efficient and high-quality repairs, demonstrating its commitment to meeting the evolving needs of the automotive market while enhancing safety and reliability.
Market Challenges: Lack of Connectivity Infrastructure to Restrain Growth
The lack of robust connectivity infrastructure is a significant restraint for the connected car market. Many regions, especially in developing countries, face challenges such as limited 5G network coverage, inadequate roadside units for vehicle-to-infrastructure (V2I) communication, and inconsistent internet availability. These limitations hinder the seamless functionality of connected car features, such as real-time navigation, autonomous driving, and over-the-air updates. Addressing these gaps requires substantial investments in network expansion and the development of smart transportation infrastructure to support the growing demands of connected vehicles.
In 2022, the discontinuation of AT&T's 3G services left drivers of certain Volkswagen models without access to connected features such as remote start and emergency assistance. This incident highlights how the lack of updated connectivity infrastructure can disrupt connected car functionalities, underscoring the necessity for continuous network upgrades to support these services.
Market Opportunities: Integration with Home Automation Systems
Integration with home automation systems presents a significant opportunity for the connected car market as it enhances user convenience and lifestyle connectivity. Connected cars can seamlessly interact with smart home devices, allowing features such as pre-setting home temperature, controlling lighting, and managing security systems directly from the vehicle. This integration appeals to tech-savvy consumers, driving adoption and creating new avenues for partnerships between automakers and smart home technology providers.
In 2021, Alarm.com introduced a connected car solution that integrates vehicle monitoring with smart home automation. This system allows users to receive real-time vehicle diagnostics and control home devices, such as lights and thermostats, based on the car's location, enhancing convenience and security.
Analyst View
According to Dhrubajyoti Narayan, Principal Analyst at BIS Research, the connected car market has been undergoing rapid transformation, driven by technological advancements, regulatory mandates, and changing consumer preferences. The increasing adoption of 5G, AI-powered telematics, and vehicle-to-everything (V2X) communication is enhancing safety, navigation, and autonomous driving capabilities. OEMs and technology providers are forging strategic partnerships to expand connectivity solutions, improve data security, and enable seamless over-the-air (OTA) updates. While Asia-Pacific leads the market due to strong government support and 5G expansion, North America and Europe remain key players, benefiting from strict safety regulations and innovation-driven automakers. Despite challenges such as data privacy concerns and high infrastructure costs, the market is set to witness substantial growth, with AI-driven telematics, smart mobility, and cloud-based services shaping the future. Automakers and telecom companies that embrace software-defined vehicle architectures and intelligent fleet management solutions will emerge as key players in this evolving ecosystem.
Connected Car Market - A Global and Regional Analysis
Focus on Application, Vehicle Type, Network Type, Sales Channel, Form, Transponder, Hardware, and Country-Level Analysis - Analysis and Forecast, 2024-2034
Frequently Asked Questions
Ans: The connected car market offers vehicles equipped with advanced communication technologies that enable seamless connectivity between vehicles, infrastructure, cloud platforms, and external devices. These cars leverage IoT, AI, 5G, telematics, and vehicle-to-everything (V2X) communication to enhance safety, navigation, infotainment, and remote diagnostics. The market plays a crucial role in autonomous driving advancements, smart mobility solutions, and real-time data analytics, transforming the future of transportation.
Ans: The connected car market presents multiple business opportunities, including:
• 5G and IoT Solutions: Development of 5G-enabled telematics and IoT-based vehicle monitoring systems
• AI and Data Analytics: Offering real-time predictive analytics for driver behavior, fleet management, and maintenance
• Autonomous Vehicle Technologies: Manufacturing advanced driver assistance systems (ADAS) and AI-driven navigation solutions
• Cloud-Based Platforms: Providing software for over-the-air (OTA) updates, infotainment, and remote diagnostics
• Cybersecurity Solutions: Developing end-to-end encryption and data protection measures for connected vehicles
• Smart Mobility Services: Offering vehicle-to-infrastructure (V2I) solutions and connected fleet management platforms
Ans: Companies in the connected car market are implementing various strategic initiatives to maintain a competitive edge:
• Mergers and Acquisitions: Automotive and tech companies are acquiring telematics and AI firms to enhance their vehicle connectivity solutions. For example, Qualcomm made an acquisition with Veoneer’s Arriver business to improve autonomous driving capabilities.
• Strategic Partnerships and Collaborations: Automakers are partnering with telecom providers and AI firms to integrate next-gen connectivity solutions. For example, Ford and Google formed a partnership to bring AI-powered infotainment and cloud computing into their vehicles.
• Product Innovation and Development: Continuous investment in R&D is enabling companies to launch V2X communication, ADAS, and 5G-based vehicle connectivity solutions.
• Expansion into Emerging Markets: Recognizing the demand for connected vehicles, companies are targeting regions such as Asia-Pacific and the Middle East for growth.
• Digital Transformation Initiatives: Companies are adopting cloud computing, AI-powered diagnostics, and remote vehicle monitoring solutions to enhance vehicle performance.
Ans: A new company entering the connected car market should focus on:
• 5G-enabled V2X solutions for seamless vehicle communication and traffic optimization
• AI-powered predictive analytics for driver behavior monitoring and maintenance alerts
• Cloud-based software solutions for infotainment, navigation, and remote vehicle updates
• Cybersecurity frameworks to protect vehicle networks from cyber threats
• Autonomous vehicle technologies, including ADAS and automated driving systems
• Localization strategies for offering customized connected mobility solutions in emerging markets
Ans: The unique selling proposition (USP) of this report lies in its comprehensive analysis of the connected car market, offering in-depth insights into:
• Emerging technologies such as 5G, AI-driven telematics, and vehicle automation
• Market trends and key growth drivers, helping businesses identify strategic opportunities
• Detailed segmentation by application, vehicle type, network type, and region, aiding in targeted market entry
• Competitive benchmarking and key player analysis, providing actionable intelligence on market positioning
• Regulatory landscape insights, ensuring compliance with data security, cybersecurity, and vehicle safety standards
Ans: This report is essential for a wide range of stakeholders in the connected car market, including:
• Automotive Companies: To explore connected mobility trends, partnerships, and product innovations
• Technology Providers: To develop 5G, AI, and IoT solutions for enhanced vehicle connectivity
• Telecommunication Firms: To leverage opportunities in V2X communication and cloud-based vehicle platforms
• Government and Policy Makers: To understand cybersecurity regulations, safety standards, and smart city integrations
• Investors and Venture Capitalists: To identify high-growth sectors and make informed investment decisions
• Consulting and Research Firms: To provide market intelligence and strategic guidance to clients.