Product Code: RP-ID-10322066 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Automotive & Transportation |
Report ID: 10322066
Market Overview:
Connected vehicle market Share, Size, Trends, & Industry Analysis Report 2019-2026
The connected vehicle ecosystem is evolving in which global connected car manufacturers and automotive OEMs are developing various connected solutions. On the basis of connectivity, demand for embedded solutions, tethered solutions, and integrated solutions for connected passenger cars has increased over the years. Similarly, the use of telematics and fleet management solutions for connected commercial vehicles has risen.
The industry is expected to get a major push from the governments across the nations. The U.S. Department of Transportation in association with the National Highway Traffic Safety Administration has announced plans for a regulatory proposal that would make it mandatory for auto manufacturers for the installation of vehicle-to-vehicle communication devices in every automobile they produce in the coming years.
Connected Vehicle facilitates connectivity on wheels offering comfort, convenience, performance, safety, and security along with powerful network technology. This enables the driver to connect with online platforms, thereby facilitating real-time communication. Rise in consumer demand for connectivity solutions, surge in need for constant connectivity, increase in dependency on technology, and upsurge in tech-savvy population are the key factors that contribute toward the growth of the global connected cars market. Over time, various connectivity solutions have been developed by vehicle manufacturers and service providers, such as the machine-to-machine (M2M) connectivity platform. This M2M feature in a vehicle enables interconnectivity between two connected cars. The car is equipped with numerous sensors and processors, which provide accurate and real-time information to the driver. This in turn fuels the adoption of connected cars across the globe, thus supplementing the growth of the market.
Market Segmentation
Based on service:
*Navigation
*Remote Diagnostics
*Multimedia Streaming
*Social Media & Other Apps
*OTA Updates
*On-Road Assistance
*eCall & SOS Assistance
*Cyber Security
*Remote Operation
Based on hardware type:
*Head Unit
*Central Gateway
*Intelligent Antenna
*Electronic Control Unit
*Telematic Control Unit
Based on form type:
*Embedded
*Tethered
*Integrated
Based on end market:
*OEM
*Aftermarket
Based on network:
*DSRC
*Cellular
By Regional Ananlysis
North America
*U.S.
*Canada
Europe
*Germany
*UK
*France
*Italy
*Spain
*Belgium
*Russia
*Netherlands
*Rest of Europe
Asia-Pacific
*China
*India
*Japan
*Korea
*Singapore
*Malaysia
*Indonesia
*Thailand
*Philippines
*Rest of Asia-Pacific
Latin America
*Brazil
*Mexico
*Argentina
*Rest of LATAM
Middle East & Africa
*UAE
*Saudi Arabia
*South Africa
*Rest of MEA
Key Players
Major industry participants include Alcatel Lucent, Apple Inc., AT&T Inc., Audi AG, BMW, Delphi Automotive, Ford Motor, General Motors Company, Google Inc. and NXP Semiconductors N.V. The industry is highly competitive and is driven by technological and product innovations.
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