Connected Cars Market Size to Grow by US$246.24 Billion from 2022 to 2027 | The market is fragmented due to the presence of prominent companies such as Alps Alpine Co. Ltd., AT and T Inc., BMW AG, DXC Technology Co.,

 Connected Cars Market Size to Grow by US$246.24 Billion from 2022 to 2027 |  The market is fragmented due to the presence of prominent companies such as Alps Alpine Co.  Ltd., AT and T Inc., BMW AG, DXC Technology Co.,

New York, December 17, 2023 /PRNewswire/ — The Connected car market It is estimated to increase at A CAGR 27.36% During the forecast period. The connected car market is fragmented due to the presence of many global and regional companies.

What is the expected size of the connected car market in the next five years?

The connected car market is expected to reach value 246.24 billion US dollars In 2027. Download a free sample before purchasing

What are some of the major companies operating in the connected cars market?

There are a few notable companies Alps Alpine Co. Ltd., AT and T Inc., BMW AG, DXC Technology Co., Ford Motor Co., Intellias Group, Mercedes Benz Group AG, NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Sierra Wireless Inc., Telefonica SA, Tesla Inc. Download the report template

Company offers:

Erbiquity Company – The company offers a full range of connected vehicle technologies and services, integration expertise, and the flexibility of hosting solutions to its customers. The company’s main offerings include connected cars.

Are there any emerging technologies impacting the connected car market? Purchase the report for details

What regional or global trends are impacting the Connected Cars market?

north america It is expected to contribute about 35% to the growth of the global market during the forecast period. Market growth in north americadriven in particular by the United States and Canada, mostly attributed to the integration of IoT technologies within vehicles and the growing embrace of vehicle-to-vehicle (V2V) connectivity. Furthermore, the implementation of stringent regulations by the National Highway Traffic Safety Administration (NHTSA) aimed at enhancing road safety has spurred the adoption of connected features such as near-collision braking, dynamic brake support, and automatic pedestrian emergency braking in vehicles.

Download a free sample report To get more insights into the market share of different regions and the contribution of segments.

Market dynamics

What are the key growth drivers of the Connected Cars Market?

Government regulations to increase in-vehicle safety and improve safety controls are driving the market growth significantly.

What are the emerging trends in the connected car market?

Big data platforms provided by connected cars to drive further developments are an emerging trend in the market.

What are some of the challenges faced by the connected car market?

Data challenges associated with connected cars are some of the major challenges hindering the growth of the market. Market segmentation

How is the connected car market segmented by type?

Significant growth in the market share of the embedded solutions segment is expected during the forecast period. Recent developments have seen the integration of telematics systems, navigation systems and smartphone integration into in-car infotainment systems. This shift entails a shift towards integrating embedded software and smartphone-based applications, offering a range of services including entertainment, navigation, external communications, security and Internet-based functions.

How is the “interconnected world of connected car technologies” shaping the future of automotive innovation?

  • Telematics, vehicle-to-everything (VX) connectivity, and infotainment technologies are leading the world of connected cars, enhancing intelligent transportation systems (ITS) and powerful connectivity solutions.
  • Advances in automotive IoT are redefining fleet management and elevating the functionality of advanced driver assistance systems (ADAS).
  • Cloud services streamline operations, enabling vehicle diagnostics and countless mobile applications to enhance user experiences.
  • In-car communications are intertwined with stringent cybersecurity measures to fortify systems against potential threats.
  • Over-the-air (OTA) updates, GPS technology, and vehicle sensors enhance operational efficiency, enhancing artificial intelligence (AI)-driven data analytics in automotive software.
  • Connected car platforms and vehicle communication modules form the backbone of automotive networks, enabling intelligent mobility and remote control of vehicles.
  • The emergence of autonomous driving, digital cockpit interfaces, and predictive maintenance heralds a transformative era, fostered by Blockchain technology in automotive technologies.
  • User interface (UI) design for connected cars improves user experiences, while augmented reality (AR) in cars reshapes interactions between users and vehicles.

This convergence of cutting-edge technologies in the connected car landscape represents a complex network of interconnected data, revolutionizing the models of efficiency, safety and connectivity in the automotive industry.

What are the different segments within the connected car market?

The market is segmented by connectivity (embedded solutions, integrated solutions, and tethered solutions), end user (OEM and aftermarket), and geography (north america, EuropeAsia Pacific, south americaAnd The Middle East And Africa).

Technavio research experts provide further insights into segment market share – view the free sample report

Connected car market dynamics

The automotive technology landscape has witnessed a paradigm shift, characterized by the integration of various innovative solutions into the booming connected car market. Telematics, vehicle-to-everything (VX) connectivity and infotainment systems are revolutionizing driving experiences, integrating seamlessly with intelligent transportation systems (ITS) and connectivity solutions. This combination ushers in the era of the Internet of Things in vehicles, fueling advances in fleet management and advanced driver assistance systems (ADAS).

The backbone of this revolution lies in cloud services, vehicle diagnostics, and the ever-expanding world of mobile applications, enabling users with in-vehicle connectivity capabilities and robust cybersecurity measures. Over-the-air (OTA) updates, coupled with GPS technology and vehicle sensors, ensure efficient operations and improved data analytics, supported by the integration of artificial intelligence (AI) into automotive software.

Connected car platforms and vehicle connectivity modules power vehicle networks, power intelligent navigation systems, and enable remote control of vehicles. The emergence of autonomous driving, digital cockpit interfaces, and predictive maintenance mechanisms have reshaped the automotive landscape, utilizing Blockchain technology in cars and emphasizing user interface (UI) design for connected cars.

Augmented Reality (AR) in cars is elevating the user experience and positioning itself as a transformative force in the industry. The integration of these technologies into the connected car market underscores an era of innovation, as the convergence of cutting-edge solutions pushes the automotive industry into a world of safety, efficiency and enhanced connectivity.

for more details, Download the report template

Related reports:

the Connected Vehicle Platforms Market It is expected to grow at a CAGR of 12.68% between 2022 and 2027. The market size is expected to increase by 5,694.07 million US dollars.

the Electric vehicle market It is expected to grow at a CAGR of 28.69% between 2022 and 2027. The market volume is expected to increase by 22,644.59 thousand units.

table of contents

1. Executive summary
2 View of the market
3 Market size
4 Historical market size
5 Five forces analysis
6 Market segmentation by contact
7 Market segmentation by end user
8 Customer scene
9 Geographical landscape
10 drivers, challenges and trends
11 Company landscape
12 Company analysis
13 Appendix

about us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s report library consists of over 17,000 reports and issues, covering 800 technologies, and spanning 50 countries. Their client base consists of companies of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research and actionable market insights to identify opportunities in current and potential markets and evaluate their competitive positions within market scenarios Changing.

Technavio Research
Jesse Maeda
Media and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
e-mail: [email protected]

Source Technavio

#Connected #Cars #Market #Size #Grow #US246.24 #Billion #market #fragmented #due #presence #prominent #companies #Alps #Alpine #BMW #DXC #Technology