Market Overview:
The global connected car services market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for connected car services from private cars and commerce cars. In addition, the growing demand for telematics and infotainment services is also contributing to the growth of this market. North America is expected to lead the global connected car services market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A Connected Car Service is a service that allows for communication between a car and external services, typically over the internet. This communication can allow for features such as remote diagnostics, software updates, and location tracking. The importance of connected car services lies in their potential to improve safety and efficiency while driving.
Telematics:
Telematics is the combination of two words, telemetry and matrics. It is a technology that enables real-time tracking of vehicles using mobile phones or other connected devices. The primary function performed by telematics systems includes monitoring vehicle speed, driving habits, and providing alerts to the driver regarding safe driving practices.
The global connected car services market size was valued at USD 20 billion in 2014.
Infotainment:
Infotainment is the total package of entertainment, navigation, communication and information. It includes features such as smartphone integration, internet radio, satellite radio and DVD player in vehicles. The connected car services include smart device connectivity such as smartphones and tablets that enable users to access their personal data from the vehicle infotainment system using a portable device over a wireless network.
Application Insights:
The private car segment dominated the global connected car services market, accounting for a revenue share of over 60.0% in 2017. The rising number of smart vehicles on roads is increasing the need for services such as navigation, music, and information about places along with security features and safety devices that can be installed in these cars. Moreover, companies are focusing on providing additional benefits to their customers by offering them discounts at restaurants and hotels when they use these connected cars services while traveling or commuting.
The commerce car segment is expected to expand at the highest CAGR during the forecast period owing to increased demand from business travelers who require fleet management solutions along with advanced security features for protecting company assets while traveling.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to early adoption of connected car services and high preference for advanced technologies such as infotainment systems and telematics solutions. Europe accounted for a significant share in the global market in 2017 owing to growing demand from European countries such as Germany, France, Italy and U.K., which are some of the major automobile markets across the globe. Asia Pacific is projected to be one of fastest-growing regional markets from 2018 to 2030 due both its increasing population along with rising disposable income levels that will lead consumers towards buying premium cars equipped with latest technological features including connectivity options.
Growth Factors:
- Increasing demand for connected car services from the automotive industry as it helps in improving the safety and efficiency of vehicles.
- Proliferation of smartphones and other connected devices, which is aiding in the growth of the market for connected car services.
- Rising demand for location-based services and navigation assistance among consumers, which is propelling the growth of this market segment.
- Growing popularity of ride-sharing and carpooling services, which is resulting in increased demand for connected car services that offer enhanced connectivity features such as real-time tracking and route planning etcetera
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Car Services Market Research Report
By Type
Telematics, Infotainment
By Application
Private Car, Commerce Car
By Companies
Tech Mahindra, Accenture, Cisco Systems, LogiSense, Nokia, ESG Automotive, Apple, Microsoft, Google
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Connected Car Services Market Report Segments:
The global Connected Car Services market is segmented on the basis of:
Types
Telematics, Infotainment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Private Car, Commerce Car
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tech Mahindra
- Accenture
- Cisco Systems
- LogiSense
- Nokia
- ESG Automotive
- Apple
- Microsoft
- Google
Highlights of The Connected Car Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Telematics
- Infotainment
- By Application:
- Private Car
- Commerce Car
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Car Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Connected Car Services is a suite of services that allow drivers to use their smartphones to access information about their surroundings, make calls, and send messages while driving. The service can be used in conjunction with traditional car services like Uber or Lyft.
Some of the major companies in the connected car services market are Tech Mahindra, Accenture, Cisco Systems, LogiSense, Nokia, ESG Automotive, Apple, Microsoft, Google.
The connected car services market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Car Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Car Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Car Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Car Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Car Services Market Size & Forecast, 2018-2028
4.5.1 Connected Car Services Market Size and Y-o-Y Growth
4.5.2 Connected Car Services Market Absolute $ Opportunity
Chapter 5 Global Connected Car Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Connected Car Services Market Size Forecast by Type
5.2.1 Telematics
5.2.2 Infotainment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Connected Car Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Connected Car Services Market Size Forecast by Applications
6.2.1 Private Car
6.2.2 Commerce Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Car Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Car Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Connected Car Services Analysis and Forecast
9.1 Introduction
9.2 North America Connected Car Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Connected Car Services Market Size Forecast by Type
9.6.1 Telematics
9.6.2 Infotainment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Connected Car Services Market Size Forecast by Applications
9.10.1 Private Car
9.10.2 Commerce Car
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Connected Car Services Analysis and Forecast
10.1 Introduction
10.2 Europe Connected Car Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Connected Car Services Market Size Forecast by Type
10.6.1 Telematics
10.6.2 Infotainment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Connected Car Services Market Size Forecast by Applications
10.10.1 Private Car
10.10.2 Commerce Car
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Connected Car Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Connected Car Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Connected Car Services Market Size Forecast by Type
11.6.1 Telematics
11.6.2 Infotainment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Connected Car Services Market Size Forecast by Applications
11.10.1 Private Car
11.10.2 Commerce Car
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Connected Car Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Connected Car Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Connected Car Services Market Size Forecast by Type
12.6.1 Telematics
12.6.2 Infotainment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Connected Car Services Market Size Forecast by Applications
12.10.1 Private Car
12.10.2 Commerce Car
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Connected Car Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Connected Car Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Connected Car Services Market Size Forecast by Type
13.6.1 Telematics
13.6.2 Infotainment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Connected Car Services Market Size Forecast by Applications
13.10.1 Private Car
13.10.2 Commerce Car
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Car Services Market: Competitive Dashboard
14.2 Global Connected Car Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tech Mahindra
14.3.2 Accenture
14.3.3 Cisco Systems
14.3.4 LogiSense
14.3.5 Nokia
14.3.6 ESG Automotive
14.3.7 Apple
14.3.8 Microsoft
14.3.9 Google
