Rise in the Demand for Safer, More Efficient, and Convenient Driving to fuel Connected Car Market

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Connected Car Market by Service (Connected
Services, Safety Security, and Autonomous
Driving), Form (Embedded, Tethered, and
Integrated), Network (DSRC, and Cellular), End
Market, Transponder, Hardware, and Region -
Global Forecast to 2025
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Connected services segment is expected to hold
the largest market share during the forecast
period The new vehicle safety norms are
encouraging automakers to secure vehicle data
from remote hacking and malfunctioning, which in
turn is increasing the demand for connected cars.
On the other hand, customers are demanding more
convenient features, such as navigation, remote
diagnostic, multimedia media streaming, and auto
pilot, as a standard in every vehicle. The global
connected car market, by value, is estimated to
be USD 72.89 Billion in 2017 and is projected to
reach USD 219.21 Billion by 2025, at a compound
annual growth rate (CAGR) of 14.8 from 2017 to
2025. Some of the major drivers identified are
increase in industry compliance norms and
government mandates supporting connected
technology in passenger cars. However, factors
such as network coverage limitation, lag in lack
of standardization, and concerns related to data
privacy and cybersecurity may hinder the growth
of the connected car market in the future. PDF
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The automotive industry is witnessing a high
degree of innovations and disruptive
technologies. Various technologies such as
head-up displays, smart infotainment, telematics
systems, and autonomous driving are becoming an
integral part of high-end automobiles. With
improved connectivity, a vehicle can interact
with other entities, such as infrastructure as
well as other vehicles, to share useful
information, including driving habits, traffic
congestion, shortest route, roadblocks, and fuel
economy. Most of these technologies use real-time
data and require regular updates, and are thus
able to communicate operational and diagnostic
data from onboard systems and connected
devices. Request for Customization
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The global connected car market is segmented by
network, service, transponder, form, end market,
hardware, and region. The report discusses
various types of features, such as navigation,
remote diagnostics, multimedia streaming, on-road
assistance, eCall, and auto parking. The
connected services segment is expected to account
for the largest market share in the global
connected car market, which would grow at a
significant CAGR during the forecast period. The
growth of connected car services is expected to
be driven by an increase in demand for convenient
features and increase in government mandates.
Furthermore, to understand the type of end
market, the report discusses the market for
connected car under 2 distinctive end market
types, namely, Original Equipment Manufacturer
(OEM) and aftermarket. Request Sample _at_
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Asia Pacific is expected to be the largest market
for connected cars during the forecast
period Asia Pacific is expected to account for
the largest market share, followed by Europe,
North America, and RoW. Asia Pacific is
anticipated to remain predominant during the
forecast period due to various factors, such as
increasing connected car devices in passenger
cars, and increase in digital services such as
cybersecurity and updates. In terms of growth
rate, North America is projected to exhibit the
second highest CAGR during the forecast period.
The growth in North America is anticipated to be
driven by increasing government mandates and
growing communication and information technology
infrastructure, such as 4G LTE or 5G. Speak
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• Market Ecosystem
• The ecosystem of the connected car market
  consists of manufacturers, such as Continental
  (Germany), Delphi (UK), Bosch (Germany), Denso
  (Japan), and Harman (US), and research institutes
  such as JAMA, EAMA, CAA, and KAMA.
• Target Audience
• Automobile manufacturers
• Automobile organizations/associations
• Cloud service providers
• Compliance regulatory authorities
• Connected car hardware manufacturers
• Government agencies
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Browse gtgt 118 market data
tables 61 figures
174 pages and in-depth TOC  "Connected
Car Market by Service (Connected Services, Safety
Security, and Autonomous Driving), Form
(Embedded, Tethered, and Integrated), Network
(DSRC, and Cellular), End Market, Transponder,
Hardware, and Region - Global Forecast to
2025 Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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