Connected Car Market worth $166.0 billion by 2025

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MarketsandMarkets Presents

Connected Car Market worth 166.0 billion by 2025
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onnected-car-market-102580117.html
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The report "Connected Car Market by Service (OTA
Update, Navigation, Cybersecurity, Multimedia
Streaming, Social Media, e-Call, Autopilot, Home
Integration, Others), Form, End Market (OE,
Aftermarket), Network, Transponder, Hardware,
Region - Global Forecast to 2025, The global
connected car market size is projected to reach
USD 166.0 billion by 2025, from an estimated USD
53.9 billion in 2020, at a CAGR of 25.2. The
growth of the global connected car market is
influenced by factors such as increasing trend of
in-vehicle connectivity solutions and government
initiatives toward developments in intelligent
transportation systems. Therefore, the connected
car market is expected to witness significant
growth in the future. Browse 148 Market Data
Tables and 58 Figures spread through 218 Pages
and in-depth TOC on "Connected Car Market The
globally connected car market is dominated by
major players such as Continental (Germany),
Bosch (Germany), HARMAN (US), Airbiquity (US),
and Visteon (US). Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id102580117
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The autopilot market is expected to grow at the
fastest CAGR. The introduction of autopilot
would minimize driver intervention. As autonomous
technology nears Level 3 above, it would help
achieve the automakers goals of commercializing
fully autonomous vehicles for consumers by 2022.
For instance, the upcoming model of the Cadillac
CT6 will be equipped with the semi-autonomous
Super Cruise feature that will essentially
allow fully autonomous single-lane travel on
divided highways. Similarly, Audi will also be
including its Level 3 semi-autonomous technology
in the upcoming model of the A8. Audis AI-based
traffic jam pilot would enable highly automated
driving at Level 3. With all the developments in
autopilot or autonomous driving field, the demand
for connected services related to autopilot is
expected to rise in the coming future. Embedded
connectivity is expected to grow at the fastest
CAGR in the global connected car market. The
growth in embedded technology is being driven by
regulatory mandates in the EU, which recently
mandated that all new car models in member states
must have embedded technology as part of its
European eCall system, connecting a vehicle to
emergency services, following a collision and
providing location and impact information.
Similar mandates could be announced by other
countries in the future.
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The growth of embedded form of connected
solutions in the long term is attributed to
various disruptive factors such as government
mandates, cost optimization of service plans, and
increase in cloud-based services. By 2025,
embedded form of connectivity is estimated to
dominate the market. Request FREE Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id102580117 Asia Pacific is expected to
lead the global connected car market during the
forecast period. One of the key drivers for the
Asia Pacific market is the increased demand for
infotainment and navigation services,
particularly in China, Japan, India, and South
Korea. The tech-savvy population in these
countries demands a better and connected driving
experience. The demand for connected cars in Asia
Pacific is driven significantly by the strong
economic growth, growing population, and rapid
urbanization. As safety regulations have been
made in Japan and South Korea, the connected car
market in these countries is anticipated to
increase in coming years. In 2017, the Chinese
Ministry of Industry and Information Technology
(MIIT) and the Standardization Administration of
China (SAC) issued a draft to establish national
standards for Chinas Intelligent Connected
Vehicles (ICV). Due to the growing population and
vehicle demand, China is expected to introduce
vehicle and road safety regulations.
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• Baidu and Alibaba, which are biggest technology
  companies in China are pushing to develop
  platforms for connected cars.
• Japanese automotive companies are also inventing
  and implementing connected car services and
  solutions. In 2019, Airbiquity announced that it
  became a member of the Japan Automotive Software
  Platform and Architecture (JASPAR), an
  organization dedicated to advancing the
  standardization of in-vehicle software and
  networks to enhance development efficiency and
  reliability.
• Recent Developments
• In September 2019, Continental launched CoSmA
  Solution, a digital door opener for Honda e. This
  is a smartphone-based access solution that will
  enable Honda e owners to open their vehicles or
  share the key with others using just their
  smartphone. Using the My Honda App, customers
  can unlock the car remotely via Bluetooth Low
  Energy (BLE). The new Honda e would be available
  from 2020 onward in Europe.
• In July 2019, Bosch developed a new
  cloud-connected software service to manage and
  monitor the battery life of electric vehicles.
  The new connectivity would enable companies to
  remotely monitor and manage the battery status to
  reduce wear and tear on the batteries by up to
  20.
• In June 2019, HARMAN unveiled a new Dual-Mode V2X
  system aimed at enhancing automotive safety. The
  flexible telematics system features both software
  and hardware and taps into DSRC and cellular (5G)
  Vehicle-to-Everything (C-V2X) networks, removing
  the guesswork for numerous safety system setups.
• In January 2019, Visteon cooperated with Chinese
  internet technology leader Tencent to develop
  autonomous driving and intelligent cockpit
  solutions, initially for the Guangzhou Automobile
  Group (GAC) RD Center in China.
• In June 2019, Airbiquity partnered with Wind
  River, a leader in delivering IoT software for
  critical infrastructure, to develop an end-to-end
  software lifecycle management solution for
  connected and autonomous vehicles, one that spans
  vehicle to cloud. The solution would enable
  secure and intelligent over-the-air (OTA)
  software updates and data management.
• To speak to our analyst for a discussion on the
  above findings, click Speak to Analyst

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• In June 2019, HARMAN unveiled a new Dual-Mode V2X
  system aimed at enhancing automotive safety. The
  flexible telematics system features both software
  and hardware and taps into DSRC and cellular (5G)
  Vehicle-to-Everything (C-V2X) networks, removing
  the guesswork for numerous safety system setups.
• In January 2019, Visteon cooperated with Chinese
  internet technology leader Tencent to develop
  autonomous driving and intelligent cockpit
  solutions, initially for the Guangzhou Automobile
  Group (GAC) RD Center in China.
• In June 2019, Airbiquity partnered with Wind
  River, a leader in delivering IoT software for
  critical infrastructure, to develop an end-to-end
  software lifecycle management solution for
  connected and autonomous vehicles, one that spans
  vehicle to cloud. The solution would enable
  secure and intelligent over-the-air (OTA)
  software updates and data management.
• To speak to our analyst for a discussion on the
  above findings, click Speak to Analyst

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