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Connected Car Market is Expected to Reach $225,158.0 Million by 2025

 
 

quote In 2017, by technology, the 3G segment dominated the global connected cars market, in terms of revenue. In addition, based on connectivity solution, the integrated segment is expected to lead the market throughout the forecast period. By service, the safety segment accounted for the highest revenue in 2017. Based on end market, OEM has the highest contribution in the revenue globally. Presently, North America is the highest revenue contributor, however, Europe is expected to garner highest revenue in the global market during the forecast period, followed by Asia-Pacific, North America, and LAMEA. quote

Akshay Jadhav & Anvay Sonpimple
Lead Analysts, Automotive and Transportation at Allied Market Research

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According to a recent report published by Allied Market Research, titled,"Global Connected Car Market by Technology, Connectivity Solutions, Services, and End Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global connected car market was valued at $63,026.0 million in 2017, and is projected to reach $225,158.0 million by 2025, registering a CAGR of 17.1% from 2018 to 2025.

At present, North America dominates the market, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global connected car market in 2017, whereas Mexico is expected to grow at a significant growth rate in North America during the forecast period.

Factors such as rise in trend of connectivity solutions and ease of vehicle diagnosis fuel the growth of the connected cars market. In addition, increase in need for safety & security boosts the market growth. However, threat of data hacking and high installation cost hinder the market growth. Moreover, unavailability of uninterrupted & seamless connectivity restricts the growth of the market. Conversely, integration of intelligent transportation system in connected cars and improved performance of autonomous vehicles are anticipated to provide remunerative opportunities for the market expansion.

Key Findings of the Global Connected Car Market:

  • The 3G segment in technology generated the highest revenue in 2017.

  • In 2017, the integrated segment was the highest revenue contributor in the connectivity solutions category.

  • By service, the safety segment generated the highest revenue in 2017.

  • In 2017, the OEM segment was the highest revenue contributor in the end market category.

  • Europe is anticipated to exhibit the highest CAGR during the forecast period.

  • In 2017, North America contributed the highest market revenue, followed by Europe, Asia-Pacific, and LAMEA.

The key players analyzed in this report are Telefonica, Verizon Wireless, HARMAN International., TomTom International BV., AT&T Intellectual Property, Vodafone Group, Ford Motor Company, BMW AG, AUDI AG., Mercedes-Benz, and others.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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quote Connected Car Market by Technology (2G, 3G, and 4G/LTE), Connectivity Solutions (Integrated, Embedded, and Tethered), Service (Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, and Mobility Management), and End Market (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2018 - 2025 quote

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