Global Connected Car Market Snapshot to 2026 – Growing Trend of Taxi Sharing, Carpooling, Car Rental and Other Services Presents Opportunities – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The “Global Connected Car Market (2021-2026) by Service, Hardware Type, Form Type, Vehicle Type, End Market (2021-2026), Transponder Network, Geography, Competitive Analysis and Impact of Covid-19 with Analysis Ansoff” report has been added to from ResearchAndMarkets.com offer.

The global connected car market is estimated to be worth USD 36.5 billion in 2021 and is expected to reach USD 82.1 billion by 2026, growing at a CAGR of 17.6%.

The growing urge to increase user comfort, convenience, and safety is one of the major factors contributing to the growth of the market. The growing trend of consumers adopting anti-theft systems and the adoption of significantly increased computing power and interconnectivity are the major drivers of the market.

Also, the integration of various features in connected cars, such as remote diagnosis, predictive maintenance, and online service scheduling, has increased the popularity of connected cars. Other factors contributing to the growth of the market include increasing acquisition of driver assistance systems. However, some factors including the absence of infrastructure for the proper functioning of connected cars may affect the growth of the market. Automotive cyber threats introduce the potential for mass compromise of vehicles and entire fleets, hampering market growth.

The pursuit of several technologies such as artificial intelligence and 5G is expected to generate untapped opportunities for market players.

Market segmentation

  • The global connected car market is further segmented on the basis of service, hardware type, form type, vehicle type, end market, transponder network and geography.

  • By service, the market is categorized into navigation, remote diagnostics, media streaming, social media and other applications, OTA updates, roadside assistance, eCall and SOS assistance, cyber security, remote operation, collision warning, auto parking/ connected parking, Autopilot, home integration, vehicle management and asset tracking.

  • By hardware type, the market is categorized as main unit, central gateway, smart antenna, electronic control unit, telematics control unit, keyless entry systems and sensors.

  • By form type, the marketplace is categorized as integrated, connected, and integrated.

  • By vehicle type, the market is classified as battery electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle.

  • By End Market, the market is categorized as OEM and Aftermarket.

  • By transponder, the market is classified as in-vehicle unit and road unit.

  • By network, the market is categorized as operational data, dedicated short range communication and cellular.

  • According to geography, America is expected to dominate the market.

Competitive quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Why buy this report?

  • The report offers a comprehensive assessment of the global connected car market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Market dynamics

Drivers

  • Growing need to improve user comfort, convenience and safety

  • Growing consumer trend towards on-demand features

  • Growing acquisition of driver assistance and automotive automation systems

Constraints

  • Complexity of connectivity and subscriptions and issues with reliable coverage

  • Lack of infrastructure in developing countries

Opportunities

  • Growing trend of taxi sharing, carpooling, car rental and other services

  • Arrival of several technologies such as artificial intelligence, 5G, vehicle-to-everything communication

Challenges

  • Inability to engage customers and differentiate services

  • Cyber ​​Security Threat

Companies cited

  • Airbiquity

  • AT&T

  • Audi

  • BMW

  • CloudMade

  • Continental

  • Daimler (Mercedes-Benz)

  • Ericsson

  • Ford engine

  • Harman International Industries

  • Intellias

  • Luxoft

  • Qualcomm Technologies

  • Robert Bosch

  • Samsung

  • sierra wireless

  • Telefonica

  • You’re here

  • Thales Group

  • TomTom

  • Verizon Communications

  • Visteon Corporation

  • Vodafone

  • Zubie

For more information on this report, visit https://www.researchandmarkets.com/r/qveppj

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