Connected Car Market was valued at US$ 28.2 Bn. in 2022 and the total revenue is expected to grow at 19.02% of CAGR through 2023 to 2029, reaching nearly US$ 95.44 Bn.
Connected Car Market Report Overview:
The Connected Car Market’s future trajectory has been projected based on region, type, and application, incorporating sales and revenue data. The Connected Car Market research underscores aspects such as market share, primary suppliers, distributors, evolving price trends, and the intricate raw material supply chain. By offering these insights, the market report furnishes companies with a profound understanding of the dynamics prevalent within the global Connected Car Market industry.
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Connected Car Market Scope and Research Methodology
The core focus of the Connected Car Market report centers on illuminating the dynamics encompassing drivers, restraints, challenges, and opportunities. This comprehensive insight into market dynamics is presented both regionally and by segment, rendering the report an indispensable resource for potential investors. Data collection for the report was achieved through the synergy of primary and secondary research methodologies, ensuring the Connected Car Market report’s authenticity and accuracy.
The process of arriving at the total market size involved segmenting the market into various categories, each verified through primary research achieved by conducting extensive interviews with influential individuals within the Connected Car Market industry. Employing a bottom-up approach, the report estimated both regional and global Connected Car Market sizes.
In addition, secondary research identified significant Connected Car Market industry key players, whose revenues were determined through a combination of primary and secondary research. The secondary research phase encompassed data collection from official databases of diverse organizations, government sources, industry journals, white papers, annual reports, and suppliers within the Connected Car Market industry. Meanwhile, primary research involved conducting in-depth interviews with industry experts and opinion leaders.
Connected Car Market Dynamics
The automobile industry is undergoing the most radical transformation in 2022. As collaborative software mobility companies, automakers must now quickly transform their organizational structures and technical capabilities. OEMs manufacture cars as well as software solutions for a more connected, individualized customer experience.
OEMs have the potential to develop new income streams and more direct interactions with their customers because of the car industry’s constant evolution. OEMs face a number of challenges as a result of the shifting corporate environment, including the necessity to concentrate on services and goods outside of their core strengths and the need to increase profitability by including connectivity in their entire connected car market strategy.
Connected Car Market Segmentation:
by Connectivity
- Integrated
2. Embedded
3. Tethered
by Technology
- 4G
2. 3G
3. 2G
by Application
- Driver Assistance
2. Telematics
3. Infotainment
4. Others
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Connected Car Market Key Players:
- Robert Bosch GmbH (Germany)
2. Continental AG (Germany)
3. Audi AG (Germany)
4. ZF Friedrichshafen AG (Germany)
5. Infineon Technologies (Germany)
6. TomTom N.V. (Netherlands)
7. NXP Semiconductors N.V. (Netherlands)
8. Denso Corporation (Japan)
9. Tata Consultancy Services Limited (India)
10. Visteon Corporation (US)
11. Harman International (US)
12. AT&T Inc. (US)
13. Airbiquity Inc (US)
14. Qualcomm Technologies Inc. (US)
15. Tesla, Inc (US)
16. BorgWarner Inc (US)
17. Ford Motor Company (US)
18. Microsoft Corporation (US)
19. Verizon Communications Inc (US)
20. Intel Corporation (US)
21. Sierra Wireless (Canada)
22. Magna International (Canada)
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Connected Car Market Regional Analysis:
The Connected Car Market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the Connected Car Market in these countries.
Key Questions answered in the Connected Car Market Report are:
- What is the expected CAGR of the Connected Car Market during the forecast?
- What is the expected Connected Car Market size during the forecast period?
- Which regional Connected Car Market is expected to hold the largest share during the forecast period?
- What are the market segments?
- Which production technology is utilized for the Connected Car Market?
- What trends are driving the market growth?
- Who are the global key players in the Connected Car Market?
- What is the global market status of the Connected Car Market?
- What was the volume, manufacturing value, price, and revenue of Connected Car Market?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments, and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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