According to a new market research report published by Global Insight Services “Connected Car Market is expected to grow by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A connected car is a car that is equipped with Internet access, typically from a built-in cellular data connection. This allows the car to connect to the Internet to send and receive data, such as location, speed, and engine data. It can also allow the car to connect to other devices, such as a smartphone or a tablet.
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Most connected car systems also include a variety of sensors, such as GPS, accelerometers, and gyroscopes. These sensors allow the system to collect data about the car’s location, speed, and orientation.
Key Trends and Drivers
Here are some of the key trends in the connected car market:
- Increasing connectivity: Vehicles are becoming increasingly connected, with many new cars now coming equipped with built-in cellular connectivity and Wi-Fi hotspots. This allows passengers to stay connected while on the go and also opens up new possibilities for car manufacturers to offer connected services.
- Big data and analytics: The growing connectivity of vehicles is generating huge amounts of data that can be used to improve safety, efficiency and the overall driving experience. Big data and analytics are being used to develop new features such as predictive maintenance and real-time traffic information.
- Electric vehicles: Electric vehicles are becoming increasingly popular, thanks to advances in battery technology and the growing concern about climate change. Electric vehicles are typically more efficient than petrol or diesel cars and also produce zero emissions.
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Market Segments
By Service
- Connected Services
- Safety & Security
- Autonomous Driving
By Form
- Embedded
- Tethered
- Integrated
By Network
- Dedicated Short-Range Communication (DSRC)
- Cellular
Key Players
- Bosch
- Continental AG
- Delphi Technologies PLC
- DENSO Corporation
- Harman International Industries, Inc.
- Infineon Technologies AG
- NXP Semiconductors N.V.
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