The global ultra-wideband technology-based vehicle access control market was valued at $92.6 million in 2022, which is expected to grow at a CAGR of 17.09% and reach 383.1 million by 2031.
The global fleet management market is projected to reach $41.54 billion by 2031 from $8.35 billion in 2022, growing at a CAGR of 19.52% during the forecast period 2022-2031.
The automotive cybersecurity market was valued at $2.76 billion in 2022, and it is expected to grow at a CAGR of 22.97% and reach $17.73 billion by 2031.
The global in-vehicle payments market is projected to reach $25,918.6 million by 2031 from $4,900.0 million in 2021, growing at a CAGR of 18.15% during the forecast period 2022-2031.
The global automotive integrated antenna system market is projected to reach $2,426.9 million by 2031 from $913.6 million in 2021, growing at a CAGR of 10.28% during the forecast period 2022-2031.
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The vehicle diagnostic analytics market is projected to reach $4,425.6 million by 2031 from $1,827.4 million in 2021, growing at a CAGR of 9.22% during the forecast period 2022-2031.
The global next-generation in-vehicle infotainment market was estimated to be at $21.1 billion in 2021, which is expected to grow with a CAGR of 22.1% and reach $155.2 billion by 2031.
The global in-cabin automotive AI market is expected to reach $503.2 million by 2026, with a CAGR of 45.41% during the forecast period 2021-2026.
Global Automotive Data Monetization Market Anticipated to Reach $20.34 Billion by 2030.
Telematics Insurance Market Anticipated to Reach $5,477.3 Million by 2025.
Global Automotive Cloud Market Anticipated to Reach $32.27 Billion by 2025.
The global OHV telematics market is expected to create an annual revenue opportunity of $2.96 billion by 2030.
The global commercial vehicle telematics market accounted for $4.86 billion in 2019 and is expected to reach $5.93 billion by 2025.
The automotive V2X market valued at $5.78 million and 19.6 thousand units in 2019, in terms of value and volume and is anticipated to grow at CAGRs of 265.87% and 268.49% respectively, during the forecast period, 2020-2025.
Automotive Cybersecurity Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 22.30% during the FY 2020 to 2025.
The Automotive Cybersecurity Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 14.25% during the forecast period from 2019 to 2029.
The off-highway vehicle telematics market is estimated to reach $2.82 billion by 2029.
In 2017, the global automotive telematics insurance market volume was estimated 24.7 million units, which is expected to reach 169.8 million units by 2022.
The automotive telematics market by volume is estimated to witness a growth at a CAGR of 19% over the period of 2016 to 2021.
The global automotive navigation systems market generated $20,953.2 million in 2016; the market currently is being driven by the rising concerns towards the global problem of traffic congestion especially in urban areas and changing consumer behavior towards better in-dash features.
The global in-vehicle infotainment market was worth $33.78 billion in the FY2016 and is expected to grow at a high rate during the forecast period of 2016-2022. Developed countries currently have a higher penetration rate of infotainment systems and services whereas emerging economies hold the largest potential in terms of market growth.
The market is estimated to reach $55.97 billion by 2022 at a CAGR of 21.1% between 2016 and 2022. Growing awareness about driver safety, decreasing cost of connectivity, increasing market penetration rate of smartphones, and stringent automotive safety regulations are some of the reasons fueling the market growth.
Automotive Cybersecurity Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 22.30% during the FY 2020 to 2025.
The Automotive Cybersecurity Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 14.25% during the forecast period from 2019 to 2029.
The off-highway vehicle telematics market is estimated to reach $2.82 billion by 2029.
The global in-vehicle infotainment market was worth $33.78 billion in the FY2016 and is expected to grow at a high rate during the forecast period of 2016-2022. Developed countries currently have a higher penetration rate of infotainment systems and services whereas emerging economies hold the largest potential in terms of market growth.
The market is estimated to reach $55.97 billion by 2022 at a CAGR of 21.1% between 2016 and 2022. Growing awareness about driver safety, decreasing cost of connectivity, increasing market penetration rate of smartphones, and stringent automotive safety regulations are some of the reasons fueling the market growth.
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Connected Vehicle
With the increasing use of Internet of Things (IoT) and the need for improved safety features and excellent driving experience is causing a surge in the number of connected vehicles. These connected vehicles remain connected and operational using a large variety of technologies.
For instance, the telematics insurance field is going to experience tremendous growth in the coming years. However, the industry will have to come up with new innovations and parameters in order to effectively reduce their risk while developing products suited for the connected car market.
Thankfully, since connected vehicles utilize a lot of cloud-based technologies, they are generating the data that businesses require to make informed decisions involving them.
In fact, connected vehicles are generating such an enormous amount of data that it can and is being used to devise brand new technologies and sensors that enhance the capabilities of these vehicles and the scope of possibilities of their applications.
At the same time, this round the clock connectivity also gives rise to certain concerns such as cybersecurity. However, the same can be seen as a lucrative opportunity by smart business leaders sitting at the helm of the leading cybersecurity companies.
BIS Research has conducted extensive study in different segments of connected vehicles along with the study of each attribute of the vehicles that generate data, which helps in improving the performance and experience of these vehicles.
Our research is aimed at helping today’s business leaders make decisions that make their companies the leaders in their industry in the future. To enable this, we provide our clients with deep and actionable insights about the connected vehicles industry and the different segments it has or influences.
One look at our syndicated reports will tell you that the connected car market is currently showing promising signs of exponential growth. BIS research provides you with a dependable stream of accurate and important information with our annual membership plans for our syndicated reports.
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