Skip to main content

Connected car market expected to reach US$131.9 billion in 2019

The latest report from Transparency Market Research, “Connected Car Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” provides in depth analysis, market size estimates, market shares, and forecast covering the period 2013-2019 for the connected car market across the globe. It discusses market drivers, restraints, opportunities, and market trends. The global connected car market is primarily driven by the changing consumer preference and growing awareness about sa
February 3, 2014 Read time: 2 mins
The latest report from Transparency Market Research, “Connected Car Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” provides in depth analysis, market size estimates, market shares, and forecast covering the period 2013-2019 for the connected car market across the globe. It discusses market drivers, restraints, opportunities, and market trends.

The global connected car market is primarily driven by the changing consumer preference and growing awareness about safety and security. The growing need for connectivity and government mandates are also supporting the growth of this market. Some of the factors inhibiting the growth of this market are high cost of hardware and risk of distraction by driver. Rapid advancements in network technology serve as an opportunity, fuelling the growth of this market.

The connected car market has been segmented based on technology and connectivity solutions. Navigation, telematics, and infotainment are the various applications considered in the scope. Key regions - North America, Europe, Asia Pacific, and rest of the world (RoW) – are analysed on the basis of geography. Each regional segment is analysed by countries in terms of revenue (US$ million) from 2013 to 2019. Market estimates and forecast are made after critical analysis of various trends and demographic and economic factors which affect the market growth.

The market attractiveness analysis helps in understanding future of various connectivity technologies used in connected cars. To aid in strategic decision-making, detailed profiles of major key players are included. The study analyses industry players in terms of revenue, SWOT, business strategies, and recent developments in the field of connected car. It includes the recent activities of players in terms of product launches, supply contracts, expansion plans, and partnerships and collaborations in the industry.

The comparative analysis of all the segments will help in understanding the competition among the segments. Supply chain analysis illustrates the flow of product and information in the connected car market. Porter’s Five Forces analysis provides competitive insights into market dynamics and connected car industry competition.

Related Content

  • July 3, 2015
    Smart transportation market expected to reach US$176.49 billion in 2021
    According to a new market report published by Transparency Market Research, Smart Transportation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021, the global smart transportation market was valued at US$45.10 billion in 2014, growing at a CAGR of 18.5 per cent from 2015 to 2021 to account for US$176.49 billion in 2021. The smart transportation market is primarily driven due to the emerging need for smart services across the globe. Moreover, the global increase in sa
  • September 9, 2015
    Global commercial telematics market ‘worth US$47.58 billion by 2020’
    According to research company MarketsandMarkets, the market for commercial telematics is expected to grow from US$20.02 billion in 2015 to US$47.58 billion by 2020. In terms of regions, Europe is expected to be the largest market in terms of market size, while Middle East & Africa and Asia-Pacific (APAC) are expected to experience an increase in market traction, during the forecast period. Latin America is expected to experience a high growth rate and adoption trend in this market.
  • October 3, 2013
    Global ITS market expected to reach US$ 30.2 billion by 2019
    According to a new market report published by Transparency Market Research, "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for ITS is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1 per cent from 2013 to 2019. The demand for ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only r
  • July 24, 2015
    Smart transportation market worth US$138.76 billion by 2020
    According to a new market research report, Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signalling, Multimodal Information Systems, Passenger Information Systems, Cloud Services, Business Services) - Global Forecast to 2020, published by MarketsandMarkets, the smart transportation market is set to grow from US$46.72 billion in 2015 to US$138.76 billion by 2020, growing at a CAGR of 24.3 per cent from 2015 to 2020.