A connected car is defined as the car that comprises of its own connection of internet, usually through a wireless local area network, which gives the car access to share the internet and data with the other devices outside or inside of a car. Such cars are known to be a part of internet of things, a phrase which refers to items connected to internet by the purpose of making life easier. Connected car has the ability to assist for a wide range of potentially useful functions.

The growing government efforts for implementing connected car technology in passenger cars and rising demand for connectivity solutions are driving the growth of global connected car market during the forecast period. Implementation of several technological advancements such as artificial intelligence, augmented reality, and advance driver-assistance system (ADAS) is elevating the potential such cars towards autonomous vehicles. Several factors, including time-saving, increased productivity, reduced fleet’s carbon footprint along with reduced mileage costs, when compared with the traditional cars, are propelling the growth of connected cars in the market. Rising government initiatives for the development and advancement in connected cars for improving mobility and road safety along with constructing the infrastructure which has the ability to support autonomous or self-driving cars are propelling the growth of connected cars in the market during the forecast period. The factors restraining the growth of global connected car market include huge installation costs and data hacking threats.

On the basis of geography, Asia-Pacific is estimated to hold the largest share in the market and is also estimated to rise at the highest compound annual growth rate during the forecast period owing to rising digital services such as cybersecurity and increasing number of connected devices in passenger cars.

Various notable players operating in the global connected car market include General Motors, Ford Motor Company, BMW AG, Mercedes-Benz, TomTom International B V, Continental, Delphi, Nissan Motor Co. Ltd., Denso, Robert Bosch, Harman International, Autoliv, Valeo S.A, Aisin Seiki and Hella among others.

The global connected car market has been segmented on the basis of service, end market, form, hardware, network, transponder, technology and key geographies. The service market is categorized into Autonomous Driving, Connected Services and Safety & Security. Based on end market, the market is segmented into OEMs and Aftermarket. Based on form, the market is segmented into Integrated, Tethered and Embedded. Based on hardware the market is segmented into Smart Antenna, Display, Electronic Control Unit and Sensors. Based on network, the market is segmented into Cellular and Dedicated Short Range Communication (DSRC). Based on transponder, the market is segmented into Onboard Unit and Roadside Unit.

Key questions answered in this research report:
1- At what pace is global connected car market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global connected car market?
4- What are the numerous application areas and how they are poised to grow?

Market Segmentation
By Service
• Autonomous Driving
• Connected Services
• Safety & Security

By End Market
• OEMs
• After Market

By Form
• Integrated
• Tethered
• Embedded

By Hardware
• Smart Antenna
• Display
• Electronic Control Unit
• Sensors

By Network
• Cellular
• Dedicated Short Range Communication (DSRC)

By Transponder
• Onboard Unit
• Roadside Unit

By Geography
• North America
As a part of the customization
o By Service
o By End Market
o By Form
o By Hardware
o By Network
o By Transponder
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Service
o By End Market
o By Form
o By Hardware
o By Network
o By Transponder
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Service
o By End Market
o By Form
o By Hardware
o By Network
o By Transponder
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Service
o By End Market
o By Form
o By Hardware
o By Network
o By Transponder
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of LAMEA region)

Leading market players
• General Motors
• Ford Motor Company
• BMW AG
• Mercedes-Benz
• TomTom International B V
• Continental
• Delphi
• Nissan Motor Co. Ltd.
• Denso
• Robert Bosch
• Harman International
• Autoliv
• Valeo S.A
• Aisin Seiki
• Hella