Market Overview:
The global consumer connected cars market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The passenger cars segment is expected to hold the largest share of the global consumer connected cars market in 2018, and this trend is projected to continue during the forecast period. The growth in this segment can be attributed to factors such as increasing demand for luxury and comfort features in passenger cars, rising disposable income of consumers, and technological advancements in automotive electronics. The Asia Pacific region is expected to be the fastest-growing region during the forecast period owing to factors such as growing population, rising disposable income levels of consumers, and increasing adoption of advanced technologies across various industries in this region.
Product Definition:
A consumer connected car is a vehicle that is equipped with internet-connected features, allowing the driver and passengers to access the internet while driving. These features can include built-in Wi-Fi, GPS navigation, and voice recognition software.
The importance of consumer connected cars lies in their ability to make driving more convenient and efficient. By providing easy access to the internet, drivers can stay connected with work or friends while on the road. Additionally, GPS navigation systems can help drivers get from Point A to Point B efficiently and safely. Finally, voice recognition software allows drivers to control various functions of their car without taking their hands off the wheel or their eyes off the road.
Passenger Cars:
Passenger cars are the most common type of vehicles used for transportation. They are designed for carrying passengers and provide an comfortable, safe, and luxurious experience. The global market is expected to grow at a significant rate owing to increasing demand from emerging economies such as India, China, Brazil etc.
The market growth can be attributed to factors such as rising disposable income levels in these countries along with growing population which will result in increased demand for passenger cars over the forecast period.
Light Commercial Vehicles:
Light commercial vehicles (LCV) are passenger carrying vehicles, which have a gross vehicle weight rating of more than 4.5 tons and less than 8.8 tons. LCVs include pickup trucks, minivans, and SUVs among others. They are generally used for transportation of goods within a shorter distance in comparison with heavy commercial vehicles (HCV).
The global light commercial vehicle market was valued at USD 1,1250 billion in 2016.
Application Insights:
The passenger cars segment dominated the global market in 2017. The growing importance of personal and family safety is expected to be a key factor for segment growth over the forecast period. Furthermore, increasing penetration of social networking websites has led to an increase in cyber-attacks and other forms of inappropriate behavior by passengers, which has increased concerns about vehicle security among manufacturers globally. This trend is likely to continue over the forecast period as more than 50% of consumers use social media platforms while researching on vehicles before purchasing it.
The commercial category also had a significant share in 2017 owing to rising demand from various sectors such as logistics & transportation, hospitality and healthcare among others for advanced driver assistance systems (ADAS).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in infrastructural development, technological advancements, and growing adoption of consumer electronics among drivers and passengers. Moreover, presence of key players such as Continental AG; Ford Motor Company; General Motors Company; Mercedes-Benz USA LLC.; Nissan North America Inc.; and Volkswagen Group of America, Inc., will also help the regional market gain significant traction over the next eight years.
Asia Pacific is anticipated to emerge as a lucrative regional market during the same period owing to increasing disposable income levels coupled with rising penetration of internet services in this region.
Growth Factors:
- Increasing demand for consumer connected cars from the young population, who are more comfortable with technology and want to be connected at all times.
- The increasing trend of ride-sharing and carpooling is also contributing to the growth of the market as it requires a large number of interconnected cars.
- Development in autonomous driving technology is making it easier for drivers to connect with their cars and control them remotely, thereby fuelling the growth of this market further.
- Proliferation of 4G/LTE networks across different geographies is helping in faster data transmission speeds, which is resulting in better user experience while using consumer connected cars applications and services. 5) Growing inclination towards electric vehicles among consumers owing to environment concerns will result in increased demand for consumer connected EVs over traditional petrol or diesel vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Consumer Connected Cars Market Research Report
By Type
Passenger Cars, Light Commercial Vehicles, Others
By Application
Passenger Cars, Commercial Cars
By Companies
Airbiquity, ATandT, Cisco Jasper, Ctrack, KORE Wireless, Mojio, Bosch, MiX Telematics, Octo Telematics, Tech Mahindra, Verizon, Vodafone, WirelessCar
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Consumer Connected Cars Market Report Segments:
The global Consumer Connected Cars market is segmented on the basis of:
Types
Passenger Cars, Light Commercial Vehicles, Others
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
Passenger Cars, Commercial Cars
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:
- Airbiquity
- ATandT
- Cisco Jasper
- Ctrack
- KORE Wireless
- Mojio
- Bosch
- MiX Telematics
- Octo Telematics
- Tech Mahindra
- Verizon
- Vodafone
- WirelessCar
Highlights of The Consumer Connected Cars 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:
- Passenger Cars
- Light Commercial Vehicles
- Others
- By Application:
- Passenger Cars
- Commercial Cars
- 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 Consumer Connected Cars 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Consumer Connected Cars is a program that allows drivers to connect their vehicles with the internet. This allows drivers to access information about their vehicle, track its location, and receive notifications about maintenance or safety issues.
Some of the key players operating in the consumer connected cars market are Airbiquity, ATandT, Cisco Jasper, Ctrack, KORE Wireless, Mojio, Bosch, MiX Telematics, Octo Telematics, T​​ech Mahindra, Verizon, Vodafone, WirelessCar.
The consumer connected cars 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 Consumer Connected Cars 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 Consumer Connected Cars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Consumer Connected Cars 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 Consumer Connected Cars 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 Consumer Connected Cars Market Size & Forecast, 2018-2028
4.5.1 Consumer Connected Cars Market Size and Y-o-Y Growth
4.5.2 Consumer Connected Cars Market Absolute $ Opportunity
Chapter 5 Global Consumer Connected Cars 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 Consumer Connected Cars Market Size Forecast by Type
5.2.1 Passenger Cars
5.2.2 Light Commercial Vehicles
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Consumer Connected Cars 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 Consumer Connected Cars Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Consumer Connected Cars 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 Consumer Connected Cars 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 Consumer Connected Cars Analysis and Forecast
9.1 Introduction
9.2 North America Consumer Connected Cars 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 Consumer Connected Cars Market Size Forecast by Type
9.6.1 Passenger Cars
9.6.2 Light Commercial Vehicles
9.6.3 Others
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 Consumer Connected Cars Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Cars
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 Consumer Connected Cars Analysis and Forecast
10.1 Introduction
10.2 Europe Consumer Connected Cars 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 Consumer Connected Cars Market Size Forecast by Type
10.6.1 Passenger Cars
10.6.2 Light Commercial Vehicles
10.6.3 Others
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 Consumer Connected Cars Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Cars
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 Consumer Connected Cars Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Consumer Connected Cars 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 Consumer Connected Cars Market Size Forecast by Type
11.6.1 Passenger Cars
11.6.2 Light Commercial Vehicles
11.6.3 Others
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 Consumer Connected Cars Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Cars
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 Consumer Connected Cars Analysis and Forecast
12.1 Introduction
12.2 Latin America Consumer Connected Cars 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 Consumer Connected Cars Market Size Forecast by Type
12.6.1 Passenger Cars
12.6.2 Light Commercial Vehicles
12.6.3 Others
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 Consumer Connected Cars Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Cars
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) Consumer Connected Cars Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Consumer Connected Cars 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) Consumer Connected Cars Market Size Forecast by Type
13.6.1 Passenger Cars
13.6.2 Light Commercial Vehicles
13.6.3 Others
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) Consumer Connected Cars Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Cars
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 Consumer Connected Cars Market: Competitive Dashboard
14.2 Global Consumer Connected Cars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airbiquity
14.3.2 ATandT
14.3.3 Cisco Jasper
14.3.4 Ctrack
14.3.5 KORE Wireless
14.3.6 Mojio
14.3.7 Bosch
14.3.8 MiX Telematics
14.3.9 Octo Telematics
14.3.10 Tech Mahindra
14.3.11 Verizon
14.3.12 Vodafone
14.3.13 WirelessCar
