2025 Vision for Connected Car Market

1
Connected Car Market - Global Industry
Analysis, Size, Share, Growth, Trends, And
Forecast To 2025
A connected car is a vehicle in which the user
(driver and/or passengers) can access, download,
consume, send and share information through
vehicular communications systems, such as
vehicle-to-vehicle (V2V), vehicle-to-infrastructur
e (V2I), vehicle-to-broadband cloud (V2B, with
monitoring data center), vehicle-to human (V2H
with road users, pedestrians, bicycles), vehicle-
to-sensor (V2S, with the sensors embedded in the
environment). Moreover, it can connect with
other devices in and out of vehicles at ofce,
home, infrastructure, institute and even other
cars as well. An increase in disposable incomes
and technological production across regions is
the major driving factor for the connected car
market. There have been signifcant advances in
telecommunication technology over the past few
years. These advances have ofered the population
with a new level of connectedness. Following the
advancement in the connected cars, onboard
sensors, vehicle telematics, and infotainment
technology evolved to ofer varied applications,
ultrahigh defnition touch displays, high-speed
internet on-the-go and navigation tools. Demand
for better road safety coupled with greater
comfort and convenience for passengers are the
major driver to Bolster Uptake. The connected car
market is driven primarily by the growing
deployment of automotive electronics and advanced
technologies in vehicular systems. The drive for
these technologies stems from the substantial
role these play in providing increased road
safety, greater comfort and wide entertainment
options for passengers. The growing adoption of
automotive digital technologies in enhancing the
in-car experience for users is a notable factor
accentuating the market growth. The growing
demand for infotainment services is occupying a
crucial role in the rapid expansion of the
connected car market. Coupled with this, the
growing demand for services that enable vehicles
to connect and continuously enrich with the outer
surrounding is a key trend expanding in-vehicle
infotainment. The demand for immersive
information user experiences has gathered steam
among passengers of high-end cars and luxury
vehicles. Get PDF Sample with Technological
Trends at https//www.xpodenceresearch.com/Reques
t-Sample/106928 A governmental mandates on
increasing safety of passengers is expected to
provide robust thrust to demand. Various
government obligations in emerging and developed
nations on promoting the safety of passengers
have imparted a robust fllip to the growth of the
market. The stringent implementation of
vehicular safety among automakers and original
equipment manufacturers is also bolstering the
demand for better connectivity options in the
automotive
2
industry. The bold strides taken by vehicular
information technologies such as adoption of 4G
connectivity for improving the in-car experience
is catalyzing the market growth. However, the
high cost of connected car hardware may hinder
its demand among price-sensitive consumers who
are unwilling to pay extra cost for advanced car
connectivity options. The lack of simple user
interfaces in connected car technology ecosystem
owing to the dearth of interoperable platforms
has also crippled its application at large. The
spate of unfavorable events having taken place
in the testing of connected car systems in recent
times has also adversely afected the prospects
of the market. Be that as it may, the extensive
usage of vehicle-to-vehicle and
vehicle-to-infrastructure communication
connectivity via mobile apps is propelling the
growth of the market. Moreover, the adoption of
cloud solutions in telematics is opening new
paradigms in the connected car market. In
particular, the application of telematics has
taken auto insurance to the next level of
convenience. Obtain Report Details with
technological advancement at https//www.xpodence
research.com/Reports/Connected-Car-Market Based
on connectivity technology prospective, the
connected car market is segmented into 4G (LTE),
3G (UMTS, HSPA, and HSPA), and 2G (GSM, GPRS,
and EDGE). The 2G connectivity system will
gradually fade out in the next few years, which
is anticipated to be replaced by 3G technology
and 4G LTE (Long-Term Evolution). Some of the
prime reasons for this technological shift ought
to be the quickly ever-changing telecommunication
technology and therefore the advent of swift
reliable communication networks. By connectivity
solution type, the connected car market is
divided into embedded, integrated and tethered
solutions. Embedded connectivity clutches major
of the connected cars market share, wherein
integrated and tethered connectivity solutions
are following up close. However, this scenario
is expected to change, as integrated solutions
have started occupying the market share of the
connected car market. The objective for this
drastic paradigm shift is attributed to the
users freedom of choice in customizing their
data plans and. connectivity devices. Navigation,
telematics, and infotainment are the major
applications of connected cars market.
Navigation holds the largest share in the
connected car market. Large scale adoption of the
navigation service into the connected cars is
emerging as the growth factor. Geographically,
the market is segmented into North America,
Europe, Asia-Pacifc, Middle East and Africa, and
Latin America. North America stands as the
largest shareholder in the connected car market.
The Asia- Pacifc region is anticipated to show
prominent growth in the years to come, owing to
the rapidly growing population, growing
infrastructure rise in the disposal incomes and a
large presence of youth. The major players in
the global connected car market include General
Motors, Microsoft Corporation, Verizon
Communications, Toyota Motor Corporation, Hyundai
Motor Co., Delphi Automotive, Mercedes-Benz,
Gemalto, Sierra Wireless, Audi, BMW AG, Ford
Motor Company Bosch, Continental, Harman, Denso,
ZF, NXP, Infneon and Valeo among all the
others. About Us Xpodence Research is a U.S.
based Market Research Company and ofers the most
extensive collection of progressive surveying
syndicated and customized research reports of
various categories for private and public
industries across the globe.
3
We ofer the comprehensive market research
solution for all the industries by performing the
in- depth study of industry trends, verticals
globally. We believe in building an eternal bond
with our customers through providing them
inclusive research study both customized and
syndicated based on their specifc
requirements. The organizations in every
industry such as Technology, Pharmaceuticals,
Consumable Goods, Food Beverage and others
demands a market-based solutions for various
signifcant decisions based on productivity and
output globally. Our services are tailored
specifcally to our clients by proposing them the
potential outcome, based on our in-depth analysis
and insights for exploring the growth strategies
through providing the best possible decision for
quality production. Contact Us Xpodence
Research 244, Madison Avenue New York City, NY -
10016 United States Toll Free 1-
844-445-2861 Email sales_at_xpodenceresearch.com