GLOBAL INDUSTRY INSIGHT:
Global Connected Car Market Analysis, Development and Demand
Forecast to 2020
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Global Connected Car Market to Witness 27% CAGR during 2015 – 2020
The global connected car market is expected to grow from $25,263.3 million in 2014, and reach
$137,780.8 million by 2020, growing at a CAGR of 26.9% during 2015 – 2020. The global
connected car market, comprising sensors, processors, wireless & cellular modules, fleet manager,
OEM services and aftermarket services is driven by the availability of fast and advanced
communication & connectivity solution. With the enhancement for safer driving experience fueled
with favorable rules & regulations in different countries would also favors the growth of connected
car market across various geographic regions.
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The adoption of connected car in North America is high owing to the widespread connectivity
solutions and ease in availability of products and services with government regulations for driver
safety. The European region is showing huge market potential for the adoption of connected car.
This growth is highly complimented with the eCall regulations, mandated by the European
Parliament for the installation of eCall systems in the cars manufactured from the year 2015. Other
regions such as Asia-Pacific would become the prominent market for connected cars owing to high
growth in automotive market and enhancing connectivity infrastructures.
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The advancement in infotainment systems and increasing connectivity through wireless networks
are the two main factors, which would help enhancing the market growth for connected cars.
Furthermore, rising consumer demands in accordance with growing number of tech savvy people,
increasing dependency on technology related products and enhancing connectivity options, would
also act as growth factors for connected car market. On the other hand, some of the restraints
associated with connected cars are the additional expenses borne by the consumer for availing the
connected car service, threat of hackers breaching the security and accessing data or causing
nuisance to the cars system, non-availability of uninterrupted & seamless connectivity and lack of
awareness among consumers in certain regions.
The information and data in the publication “Global Connected Car Market Size, Share,
Development, Growth and Demand Forecast to 2020” represent the research and analysis of
data from various primary and secondary sources. A bottom-up approach has been used to
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Global Connected Car Market to Witness 27% CAGR during 2015 – 2020
calculate the global connected car market by geography, product & services, technology,
connectivity solutions and application. P&S Market Research analysts and consultants interact with
leading companies of the concerned domain to substantiate every value of data presented in this
report. The company bases its primary research on discussions with prominent professionals and
analysts in the industry, which is followed by informed and detailed, online and offline research.
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Geographically, North America dominated the global connected car market in 2014; whereas the
Asia-Pacific market is expected to witness the fastest growth of 29.9% CAGR, during the forecast
period. Technology agreements and collaborations are the key strategies adopted by the market
players to enhance their market share. For instance, AT&T is working with automotive
manufacturers to provide contextual voice controls, which would help to create a safer driving
experience. TomTom launched the online turn-by-turn navigation service for customers, making it
feasible to connect over a network. The introduction of automobiles equipped with advanced
connectivity options is expected to positively impact the growth of the global connected car
market.
The connected car market is consolidating with large number of collaborations taking place. The
collaborations have enhanced the continuous product offerings in order to share the knowledge and
technology at one platform. The key competitors in the global connected car market include
Harman, AT&T Inc., TomTom, Telefonica, Verizon, Ford Motors Co., Mercedes Benz, BMW AG and
Audi AG.
Chapter 1. Research Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.3.1 Market by technology
1.3.2 Market by connectivity solutions
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Global Connected Car Market to Witness 27% CAGR during 2015 – 2020
1.3.3 Market by products & services
1.3.4 Market by application
1.3.5 Market by geography
1.4 Research Methodology and Sources
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1 Introduction
3.2 Trends in the Connected Car Market
3.2.1 Increasing number of agreements
3.3 Opportunities in the Market
3.3.1 Massive unexplored Connected Car market across the globe
3.4 Factors Driving the Market and its Impact on Market Forecast
3.4.1 Increasing connectivity options and availability
3.4.2 Increasing usage of advance diagnostic and maintenance system
3.4.3 Increasing safety and security awareness
3.4.4 Increasing driving experience
3.5 Factors Hindering the Market and its Impact on Market Forecast
3.5.1 High capital expenditure and maintenance requirement
3.5.2 Privacy and security issues
3.5.3 Non availability of uninterrupted & seamless connectivity
Chapter 4. Global Connected Car Market Size and Forecast (2011 – 2020)
4.1 Global Connected Car Market, by Technology
4.2 Global Connected Car Market, by Connectivity Solutions
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Global Connected Car Market to Witness 27% CAGR during 2015 – 2020
4.3 Global Connected Car Market, by Product and Service
4.4 Global Connected Car Market, by Application
4.5 Global Connected Car Market, by Geography
Chapter 5. Global Connected Car Market by Technology
5.1 4G/LTE Market
5.2 3G Market
5.3 2G Market
Chapter 6. Global Connected Car Market by Connectivity Solution
6.1 Integrated Market
6.2 Embedded Market
6.3 Tethered Market
Chapter 7. Global Connected Car Market by Application
7.1 Navigation Market
7.2 Telematics Market
7.3 Infotainment Market
Chapter 8. Global Connected Car Market by Product & Service
8.1 Sensors Market
8.2 Processors Market
8.3 Fleet Manager
8.4 Wireless and cellular modules
8.5 OEM Services
8.6 Aftermarket Services
Chapter 9. Connected Car Market, by Geography
9.1 North America Connected Car Market
9.1.1 North America Connected Car market, by technology
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Global Connected Car Market to Witness 27% CAGR during 2015 – 2020
9.1.2 North America Connected Car market, by Connectivity Solutions
9.1.3 North America Connected Car market, application
9.1.4 North America Connected Car market, by product & services
9.2 Europe Connected Car Market
9.2.1 European Connected Car market, by technology
9.2.2 European Connected Car market, by Connectivity Solutions
9.2.3 European Connected Car market, application
9.2.4 European Connected Car market, by product & services
9.3 Asia-Pacific Connected Car Market
9.3.1 Asia-Pacific Connected Car market, by technology
9.3.2 Asia-Pacific Connected Car market, by Connectivity Solutions
9.3.3 Asia-Pacific Connected Car market, by application
9.3.4 Asia-Pacific Connected Car market, by product & services
9.4 LAMEA Connected Car Market
9.4.1 LAMEA Connected Car market, by technology
9.4.2 LAMEA Connected Car market, by Connectivity Solutions
9.4.3 LAMEA Connected Car market, application
9.4.4 LAMEA Connected Car market, by product & services
Chapter 10. Competitive Analysis
10.1 Porter's Five Forces of Competitive Position Analysis
10.1.1 Bargaining power of suppliers
10.1.2 Bargaining power of buyers
10.1.3 Threat of new entrants
10.1.4 Intensity of rivalry
10.1.5 Threat of substitutes
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Global Connected Car Market to Witness 27% CAGR during 2015 – 2020
10.2 Competitive Positioning of Key Players
Chapter 11. Company Profiles and Strategic Developments
11.1 Key Company Profiles
11.1.1 Telefonica, S.A.
11.1.1.1 Business overview
11.1.1.2 Product and service offerings
11.1.2 Verizon Wireless
11.1.2.1 Business overview
11.1.2.2 Product and service offerings
11.1.3 Harman International Industries
11.1.3.1 Business overview
11.1.3.2 Product and service offerings
11.1.4 TomTom
11.1.4.1 Business overview
11.1.4.2 Product and service offerings
11.1.5 AT&T
11.1.5.1 Business overview
11.1.5.2 Product and service offerings
11.1.6 Vodafone Group Plc
11.1.6.1 Business overview
11.1.6.2 Product and service offerings
11.1.7 Ford Motors Co.
11.1.7.1 Business overview
11.1.7.2 Product and service offerings
11.1.8 BMW
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Global Connected Car Market to Witness 27% CAGR during 2015 – 2020
11.1.8.1 Business overview
11.1.8.2 Product and service offerings
11.1.9 AUDI
11.1.9.1 Business overview
11.1.9.2 Product and service offerings
11.1.10 Mercedes-Benz
11.1.10.1 Business overview
11.1.10.2 Product and service offerings
11.2 Strategic Developments in the Global Connected Car Market
11.2.1 Mergers and acquisitions
11.2.2 Product launches
11.2.3 Partnerships/collaborations
Chapter 12. Appendix
12.1 List of Abbreviations
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Global Connected Car Market to Witness 27% CAGR during 2015 – 2020
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