Product Code: PM3869
The global connected car market size is expected to reach USD 186.49 billion by 2032, according to a new study by Polaris market research. The report "Connected Car Market Share, Size, Trends, Industry Analysis Report, By Connectivity (Embedded, Tethered, Integrated); By Technology; By Application; By Sales Channel; By Region; Segment Forecast, 2023- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Ongoing technological progressions in 5G connectivity and the Internet of Things (IoT) are enhancing the capabilities of connected cars. High-speed and low-latency 5G networks are crucial for real-time communication and data exchange within connected vehicles. Automakers and technology companies are making investments in developing and implementing connected car solutions. This investment is expanding the availability of ranges of car models and features.
Connected cars are also expected to play a pivotal role in the transformation of ride-sharing and mobility services, fundamentally changing the way people access transportation. By leveraging real-time GPS and connectivity, connected cars empower ride-sharing platforms to efficiently pair passengers with nearby drivers, reducing waiting times and optimizing route planning. Ride-sharing companies can remotely monitor and manage their fleets of connected cars, ensuring that vehicles are well-maintained and addressing any issues promptly.
Advancements in connected car technology have been transformative, bringing significant benefits and innovations to the automotive landscape. Infotainment systems have evolved with larger touchscreens, voice recognition, and seamless smartphone integration. Passengers can now enjoy a wealth of entertainment and information services on the road.
ADAS capabilities have improved with more precise sensors, better object recognition, and increased automation. These systems bolster safety through features like adaptive cruise control and lane-keeping assistance.
The deployment of 5G networks has revolutionized data transmission in connected cars, offering lightning-fast internet access, high-quality streaming, and near-instantaneous communication. It is pivotal for applications like autonomous driving. Artificial intelligence and machine learning are being integrated into connected car systems to enhance navigation, personalize user experiences, and bolster autonomous driving capabilities.
Connected Car Market Report Highlights
The 5G segment is expected to witness the highest growth rate during the forecast period on account of its high-speed and low-latency connectivity.
In 2022, the driver assistance segment held the largest market share, which is mainly driven by its growing integration of ADAS systems for greater driver safety and convenience.
In 2022, the OEM segment held a significant revenue share, mainly due to an increase in demand for infotainment systems, GPS navigation, and smartphone integration in vehicles.
In 2022, North America dominated the largest market share due to technological advancements and the adoption of connected cars.
Asia-Pacific region experienced the fastest market growth during the forecast period, owing to a greater need for intelligent transportation solutions to mitigate traffic congestion and enhance traffic management.
The global key market players include: Apple Inc., Aptiv, AUDI AG, Continental AG, Ford Motor Company, General Motors, Google LLC, and Harman International, among others.
Polaris market research has segmented the Connected Car market report based on connectivity, technology, application, sales channel, and region:
Connected Car, Connectivity Outlook (Revenue - USD Billion, 2019 - 2032)
- Embedded
- Tethered
- Integrated
Connected Car, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
Connected Car, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Driver Assistance
- Infotainment
- Mobility Management
- Telematics
- Others
Connected Car, Sales Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Connected Car, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Connected Car Market Insights
- 4.1. Connected Car - Industry Snapshot
- 4.2. Connected Car Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increased demand for connectivity, safety, and advanced features in vehicles
- 4.2.1.2. Safety and Security
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Cost of Implementation
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Connected Car Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Connected Car Market, by Connectivity
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 5.3. Embedded
- 5.3.1. Global Connected Car Market, by Embedded, by Region, 2019-2032 (USD Billion)
- 5.4. Tethered
- 5.4.1. Global Connected Car Market, by Tethered, by Region, 2019-2032 (USD Billion)
- 5.5. Integrated
- 5.5.1. Global Connected Car Market, by Integrated, by Region, 2019-2032 (USD Billion)
6. Global Connected Car Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Connected Car Market, by Application, 2019-2032 (USD Billion)
- 6.3. Driver Assistance
- 6.3.1. Global Connected Car Market, by Driver Assistance, by Region, 2019-2032 (USD Billion)
- 6.4. Infotainment
- 6.4.1. Global Connected Car Market, by Infotainment, by Region, 2019-2032 (USD Billion)
- 6.5. Mobility Management
- 6.5.1. Global Connected Car Market, by Mobility Management, by Region, 2019-2032 (USD Billion)
- 6.6. Telematics
- 6.4.1. Global Connected Car Market, by Telematics, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.5.1. Global Connected Car Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Connected Car Market, by Technology
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 7.3. 3G
- 7.3.1. Global Connected Car Market, by 3G, by Region, 2019-2032 (USD Billion)
- 7.4. 4G
- 7.4.1. Global Connected Car Market, by 4G, by Region, 2019-2032 (USD Billion)
- 7.5. 5G
- 7.5.1. Global Connected Car Market, by 5G, by Region, 2019-2032 (USD Billion)
8. Global Connected Car Market, by Sales Channel
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.3. OEM
- 8.3.1. Global Connected Car Market, by OEM, by Region, 2019-2032 (USD Billion)
- 8.4. Aftermarket
- 8.4.1. Global Connected Car Market, by Aftermarket, by Region, 2019-2032 (USD Billion)
9. Global Connected Car Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Connected Car Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Connected Car Market - North America
- 9.3.1. North America: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.3.2. North America: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.3.3. North America: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.3.4. North America: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.3.5. Connected Car Market - U.S.
- 9.3.5.1. U.S.: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.3.6. Connected Car Market - Canada
- 9.3.6.1. Canada: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.4. Connected Car Market - Europe
- 9.4.1. Europe: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.4.2. Europe: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.4.3. Europe: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.4.4. Europe: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.4.5. Connected Car Market - UK
- 9.4.5.1. UK: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.4.6. Connected Car Market - France
- 9.4.6.1. France: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.4.6.2. France: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.4.6.3. France: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.4.6.4. France: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.4.7. Connected Car Market - Germany
- 9.4.7.1. Germany: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.4.8. Connected Car Market - Italy
- 9.4.8.1. Italy: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.4.9. Connected Car Market - Spain
- 9.4.9.1. Spain: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.4.10. Connected Car Market - Netherlands
- 9.4.10.1. Netherlands: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.4.11. Connected Car Market - Russia
- 9.4.11.1. Russia: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.5. Connected Car Market - Asia Pacific
- 9.5.1. Asia Pacific: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.5.5. Connected Car Market - China
- 9.5.5.1. China: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.5.5.3. China: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.5.5.4. China: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.5.6. Connected Car Market - India
- 9.5.6.1. India: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.5.6.3. India: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.5.6.4. India: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.5.7. Connected Car Market - Japan
- 9.5.7.1. Japan: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.5.8. Connected Car Market - Malaysia
- 9.5.8.1. Malaysia: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.5.9. Connected Car Market - Indonesia
- 9.5.9.1. Indonesia: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.5.10. Connected Car Market - South Korea
- 9.5.10.1. South Korea: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.6. Connected Car Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.6.5. Connected Car Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.6.6. Connected Car Market - South Africa
- 9.6.6.1. South Africa: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.6.7. Connected Car Market - Israel
- 9.6.7.1. Israel: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.6.8. Connected Car Market - UAE
- 9.6.8.1. UAE: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.7. Connected Car Market - Latin America
- 9.7.1. Latin America: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.7.5. Connected Car Market - Mexico
- 9.7.5.1. Mexico: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.7.6. Connected Car Market - Brazil
- 9.7.6.1. Brazil: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Connected Car Market, by Technology, 2019-2032 (USD Billion)
- 9.7.7. Connected Car Market - Argentina
- 9.7.7.1. Argentina: Connected Car Market, by Connectivity, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Connected Car Market, by Sales Channel, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Connected Car Market, by Application, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Connected Car Market, by Technology, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. ALE International
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Apple Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Aptiv
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. AUDI AG
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. BMW AG
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Continental AG
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Denso Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Ford Motor Company
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. General Motors
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Google LLC
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Harman International
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Infineon Technologies
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. NXP Semiconductors
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Robert Bosch GmbH
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. Visteon Corporation
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development