Global Connected Car Market

Connected Car Market Size, Share, Growth Analysis, By Service(Navigation, Operational data, Remote Diagnostics, Multimedia Streaming), By Hardware(Head Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit), By Form Type(Embedded, Integrated), By End Use(Original Equipment Manufacturer, Aftermarket), By Transponder(On Board Unit, and Roadside Unit), By Network(DSRC, and Cellular (4G, 5G)), By Electric Vehicle Type(BEV, PHEV, and FCEV), By Application(Data Capture and Management, Dynamic Mobility, Road Weather Management, Real-time Information Synthesis), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25AG2015 | Region: Global | Published Date: August, 2024
Pages: 223 | Tables: 89 | Figures: 76

Connected Car Market Regional Insights

North America has started to become the region that is experiencing the most robust growth rate compared to other regions when it comes to construction chemicals worldwide due to a surge in infrastructure development and rehabilitation projects. The region’s strong post-pandemic economic recovery has increased investments in residential and commercial development thereby raising demand for modern construction chemicals that enhance sustainable practices and significantly improve longevity. Additionally, advanced technologies are transforming the construction industry and boosting the need for industry-specific chemical products. Building information modelling (BIM) and intelligent materials are examples of such technologies. North America is at the forefront of the building chemicals sector due to regulatory measures that promote sustainable building due to their focus on environmental-friendly materials.

In recent years, the global connected car market in Asia-Pacific has seen unprecedented growth owing to factors like accelerated pace of urbanization and rising consumer demand amongst others as well as advancement in technology. For instance, China, Japan and South Korea are at the forefront of upgrading their transport systems to keep pace with innovations in automobile industry. More people would be going to the mall than ever before since they are able to do all this from their homes without any stress or time wastage involved. Which means that it’s better if we don’t start buying a lot as it may cause congestion. For this reason, connected automobile solutions are growing rapidly within this region, making it a global leader in the industry.

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Global Connected Car Market size was valued at USD 34.56 Billion in 2022 and is poised to grow from USD 41.29 Billion in 2023 to USD 143.72 Billion by 2031, growing at a CAGR of 19.50% during the forecast period (2024-2031).

In the intensely competitive world of connected cars, the leading players are continually upping their game to increase their market share and to come up with something new. The big corporations putting more money into advanced technologies such as artificial intelligence (AI), internet of things (IoT) and vehicle-to-everything (V2X) communications include Tesla, Ford, General Motors, BMW and Audi. Additionally, car manufacturers are partnering with technology organizations such as Qualcomm, Cisco and Ericsson to revolutionize the connectivity solutions. Thus, companies can continuously create more innovative features to fulfill shifting consumer requirements as well as regulation directives. 'General Motors (US) ', 'AUDI AG (Germany) ', 'Ford (US) ', 'Mercedes-Benz (Germany) ', 'Toyota (Japan) ', 'Volkswagen (Germany) ', 'Nissan (Japan) ', 'Volvo (Sweden) ', 'Honda (Japan) ', 'Porsche (Germany) ', 'Hyundai (South Korea) ', 'Kia (South Korea) ', 'Tata Motors (India) ', 'AT&T Intellectual Property (US) ', 'Aptiv (Ireland) ', 'Google LLC (US) ', 'NXP Semiconductors (Netherlands) ', 'Qualcomm Incorporated (US) ', 'TomTom (Netherlands) ', 'Zebra Technologies (US)'

The need for connected cars with advanced driver-assistance systems (ADAS) is growing as consumers place a higher priority on safety. The addition of some products like newly developed items, adaptive cruise control and other vehicles features rightfully deserve to have been included into standards those look at making vehicles safer; these aspects help expand their market share. 

Connectivity in Electric and Autonomous Vehicles for a Sustainable Future: One significant shift in focus has occurred in recent times where there is a lot of emphasis being placed on electric and self-driving cars. Connected cars play an important role in guiding the growth of the car industry to a sustainable and autonomous future. Connection technology has been integrated into electric and driverless vehicles to boost performance and allow for features such as advanced driver assistance systems (ADAS) that can be updated over-the-air as well as remote monitoring capabilities for such cars.

North America has started to become the region that is experiencing the most robust growth rate compared to other regions when it comes to construction chemicals worldwide due to a surge in infrastructure development and rehabilitation projects. The region’s strong post-pandemic economic recovery has increased investments in residential and commercial development thereby raising demand for modern construction chemicals that enhance sustainable practices and significantly improve longevity. Additionally, advanced technologies are transforming the construction industry and boosting the need for industry-specific chemical products. Building information modelling (BIM) and intelligent materials are examples of such technologies. North America is at the forefront of the building chemicals sector due to regulatory measures that promote sustainable building due to their focus on environmental-friendly materials.

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Global Connected Car Market

Report ID: SQMIG25AG2015

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