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

  • Umovity: Revolutionising mobility through innovative technologies
    December 1, 2023
    United under the brand Umovity, PTV Group and Econolite join forces and introduce their new combined Mobility Tech Suite. The companies’ CEO Christian U. Haas explains the details
  • Inrix aids authorities in dealing with data
    August 18, 2015
    New traffic data products and services have been launched to aid transport and urban planners and business with detailed intelligence on journey patterns, reports Jon Masters. Manual travel surveys ought soon to become a thing of the past for transport planners and the business community. The technology now exists for getting sophisticated levels of traffic and trip data from connected vehicles. Cars and commercial fleets carrying a GPS device, or a mobile phone or smartphone are the sources of the informat
  • New IBM study details the future of automotive industry
    January 19, 2015
    IBM has revealed results of its new Automotive 2025 Global Study, outlining an industry ripe for disruptive changes that are breaking down borders of the automotive network. The study forecasts that while the automotive industry will offer a greater personalised driving experience by 2025, fully autonomous vehicles or fully automated driving will not be as commonplace as some think. The report also indicates that consumers not only want to drive cars; they want the opportunity to innovate and co-create t
  • eCall mandate: a cost burden for car manufacturers?
    May 14, 2015
    The European Parliament has mandated that all newly approved car and light-van models will have to be equipped with eCall boxes as standard fitment from 31 March 2018. eCall boxes are emergency call devices enabling rescue services to respond with faster road assistance based on knowledge of the exact location of the accident. The 2014 ban on telephone roaming charges across Europe will establish a favourable scenario for an interoperable eCall or telematics solution. However, while the European Commissi