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

  • Hello LA! It's showtime!
    September 19, 2022
    Welcome to this year’s ITS World Congress, organised by RX Global. Jaime McAuley, the company’s event director, provides some highlights of what will be an amazing and unforgettable show
  • Key to EV roll-out is understanding drivers
    October 22, 2021
    Understanding EV technology and driver behaviour will be key to building out the world’s charging infrastructure. Andrew Stone finds out why from Bret Scott at Wejo
  • European market for EV charging stations expected to grow
    May 31, 2013
    New analysis from Frost and Sullivan, Strategic Technology and Market Analysis of Electric Vehicle Charging Infrastructure in Europe, finds that the market for electric (EV) charging stations is expected to grow rapidly from 7,250 charging stations in 2012 to over 3.1 million by 2019 at a compound annual growth rate (CAGR) of 113.3 per cent over the period 2012-2019. France, Germany, Norway and the United Kingdom are expected to lead the market due to the high adoption rates of EVs in these countries.
  • Align transport infrastructure needs with ITS offerings
    July 19, 2012
    Kallistratos Dionelis, General Secretary of ASECAP, ponders the absence of creativity and innovation in the road management sector. 'Traditional' road managers and ITS specialists share many of the same ultimate goals and yet, he says, a common understanding of what technology can achieve is still conspicuously absent.