​ Connected Car Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019to 2026

Press release   •   Oct 11, 2019 14:25 BST

The latest published market intelligence report by FutureWise titled 'Connected Car Market: Global Opportunity Analysis and Industry Forecast, 2019-2026', examines the global market in terms of Technology, Connectivity Solutions, Service, End Market, and Regions for the period 2019 to 2026.

This market intelligence report offers a comprehensive assessment of global connected car market including, factors boosting market growth, market barriers, application areas, investment potential, case studies, value chain analysis, future roadmap, major market players profiles and strategies. The study further offers market size predictions from 2019 to 2026.

The global connected car market is estimated to value over US$ 215 billion by 2026 end, and recording a CAGR of 13.4% during the period of 2019-2026.

The demand for useful features, such as multimedia media streaming, navigation, and remote diagnostic, is a standard in every vehicle. Connected cars aid connectivity on wheels allowing convenience, performance, comfort, security and safety, with strong network technology. The driver is able to have a real-time conversation or check recent updates by connecting to various online platforms and tools. The growing need for continuous connectivity, increase in customer demand for connectivity solutions, mounting dependency on technology, and boom in the technology-savvy population are the major factors that are facilitating the increase in demand for connected cars globally. Manufacturers are constantly working on the development of advanced connectivity solutions for example - machine-to-machine (M2M) connectivity platforms to facilitate interconnectivity among two connected cars, consequently increasing the growth of the market.

Furthermore, the acceleration in the trend of connectivity solutions and convenience of vehicle diagnosis is anticipated to drive the market growth. Moreover, the need for security & safety will boost the market growth. Nonetheless, the high installation cost, the threat of data hacking and unavailability of constant & seamless connectivity in developing countries are the crucial factors that will limit the market growth.

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Global Connected Car Market, by Technology

+ 3G
+ 4G/LTE
+ 5G

Global Connected Car Market, by Connectivity Solutions

+ Integrated
+ Embedded
+ Tethered

Global Connected Car Market, Service

+ Driver Assistance
+ Safety and Security
+ Well-being
+ Entertainment
+ Mobility Management
+ Vehicle Management

Global Connected Car Market, End Market

+ Aftermarket

Global Connected Car Market, by Region

+ North America
+ Latin America
+ Europe
+ Asia Pacific
+ Rest of the World

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Companies Profiled:

+ AT&T Inc

+ Audi AG

+ BMW Group

+ Daimler AG (Mercedes-Benz)

+ Ford Motor Company

+ Samsung Electronics Co. Ltd. (Harman International Industries, Inc.)

+ Telefonica, S.A.

+ TomTom International N.V.

+ Verizon Communications Inc.

+ Vodafone Group Plc

Competitive Landscape:

+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants

FutureWise Key Takeaways:

+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data-points affecting market growth

Objectives of the Study:

+ To provide an exhaustive analysis of the global connected cars market on the basis of technology, connectivity solutions, service, end market, and regions
+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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