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

  • Jenoptik expands Asia-Pacific business
    January 31, 2013
    German optoelectronics group Jenoptik is expanding its business in the Asia-Pacific region with the acquisition of 100 per cent of Australian company DCD Systems, a provider of traffic safety technology based in Sydney and Melbourne. DCD was previously the sales and service partner for the Jenoptik Traffic Solutions division in Australia; Jenoptik has maintained a close working relationship with the company for more than 10 years. Within the framework of the acquisition DCD Systems will be integrated into t
  • C/AV technology will be ‘life-altering revolution’
    July 20, 2018
    Preparing for the challenges - and promises - of connected and automated vehicles and other emerging transportation technologies does not necessarily mean investing in actual hardware. Matthew Smith identifies eight key points that US transportation authorities need to look at. Transportation technology is moving rapidly. With the advent of connected and automated vehicle (C/AV) technology, the nation is on the verge of experiencing a major transportation revolution: a life-altering revolution akin to th
  • Six businesses accelerate towards road safety trials in England
    September 3, 2024
    Hazard reduction is aim of safety tech competition from National Highways
  • Subscribers to OEM telematics in Western Europe to exceed 42 million by 2019
    April 10, 2014
    ABI research’s latest research finds that the number of subscribers to Factory-installed Safety and Security telematics services is set for solid growth in Western Europe at a CAGR of 47 per cent, reaching 42.5 million in 2019. “Traditional safety and security telematics continues its march forward in Europe with both VW’s Car-Net and GM/Opel’s OnStar scheduled for deployment. A slew of new electrical vehicles from VW, Tesla, BMW, Daimler, and others will also boost telematics uptake and awareness,” says