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

  • Contactless tickets forecast to reach 1.7 billion in 2018
    February 6, 2014
    ABI Research has forecast that a combination of memory and microcontroller smart cards alongside disposable ticketing solutions will reach shipments totalling 1.7 billion units in 2018. The primary drivers include the increasing move to national standards and the enablement of near field communications (NFC) and open-loop payments. This trend is a consistent feature across all continents with particular progress within the UK, US, Australia, Germany, Turkey, and the BRIC countries forming a growth engine
  • CO₂ mitigation measures for transport ‘will not achieve climate ambitions’
    January 31, 2017
    Current and foreseeable policies to mitigate carbon-dioxide (CO₂) emissions from global transport activity will not suffice to achieve the international community’s climate ambitions, according to a new study published by the International Transport Forum (ITF). Continued strong growth in demand for mobility means that even in the most optimistic scenario, transport CO₂ emissions in 2050 will still be at 2015 levels of around 7.5 giga-tonnes, according to projections published in the ITF Transport Outlook 2
  • Investing in ITS: Show us the money
    April 8, 2022
    The ITS industry is currently attracting a lot of interest from private equity and venture capital providers. Adam Hill asks some of the people who have their eyes on the market what makes it such a good bet
  • MaaS: 'It's been much easier to convince politicians than we expected'
    August 11, 2021
    As she leaves the Mobility as a Service sector, Piia Karjalainen explains why the user must continue to be the focus – and why we haven’t yet even seen half of the innovations available