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

  • Connected Vehicles test vehicle to vehicle applications
    January 19, 2012
    In the US, the ITS Joint Program Office is about to conduct a series of Driver Clinics intended to gauge public reaction to Connected Vehicle safety technologies and applications. Starting in August, the US Department of Transportation (USDOT) will test Vehicle-to-Vehicle (V2V) applications with everyday drivers in what it describes as 'normal operational scenarios'. These Driver Clinics are being carried out at six locations across the US and together with the subsequent model deployment beginning in 2012,
  • European car importer opts for TomTom Telematics
    September 10, 2015
    One of Europe’s leading car importers has selected the connected car technology of TomTom Telematics to provide its customer with access to real-time information about their vehicles’ status and performance. Pon’s Automobiel Handel will use the TomTom Telematics cloud-based services platform and the company’s mobile app development expertise that draws upon vehicle dashboard information for a national pilot across the Netherlands.
  • Passive RFID grows by 1.12 billion tags in 2014 to 6.9 billion
    October 31, 2014
    More than five years later than the industry had expected, market research and events firm IDTechEx find that the passive RFID tag market is now seeing tremendous volume growth. Market research and events firm IDTechEx find that the passive RFID tag market is now seeing tremendous volume growth - more than five years later than the industry had expected. Most of the growth is based on retailer adoption of UHF RFID for shelf-level stock replenishment, with the latest example being fashion retailer Zara r
  • Smart parking technologies: solving drivers parking pain
    March 30, 2017
    Smarter parking can benefit city authorities and other road users as well as drivers looking for a space, argues Dr Graham Cookson. As witnessed by the recent announcements at the Consumer Electronics Show, the automotive industry continues to focus on the driving experience; moving from speed and handling towards safety and efficiency.