Market Overview

The Global Connected Car Market was valued at USD 96,074.5 million in 2023 and is expected to reach USD 262,731.8 million by 2031 while growing at a CAGR of 13.4% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global connected car market growth. A connected car, part of the broader Internet of Things (IoT) in the automotive industry, is equipped with advanced communication technologies, allowing it to connect to other devices, networks, and the internet. The integration of connectivity features enhances the driving experience, safety, and overall vehicle performance.

Increasing consumer demand for connectivity and advancements in IoT and AI technologies drive the growth of the connected car market. Despite these factors, obstacles such as high initial costs, infrastructure requirements, and data privacy and ownership issues may hinder further market expansion.

Furthermore, the global connected car industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Connected Car Market is segmented among Vehicle Management, Driver Assistance, Mobility Management, Safety, Entertainment, and Others, based on Application. In 2023, Driver Assistance accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Connected Car Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are ALE International, Apple Inc., AT&T Intellectual Property, AUDI AG, BMW AG, Aptiv, Ford Motor Company, General Motors, Google LLC, and NXP Semiconductors.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Connected Car Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Connected Car Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Connected Car Market Segmentation, By Application

• Global Connected Car Market Share Analysis, By Application

• Global Connected Car Market Growth Analysis, By Application

• Global Connected Car Market Trends, By Application

o Vehicle Management

o Driver Assistance

o Mobility Management

o Safety

o Entertainment

o Others

6. Global Connected Car Market Segmentation, By Region

• Global Connected Car Market Share Analysis, By Region

• Global Connected Car Market Growth Analysis, By Region

• Global Connected Car Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• ALE International*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Apple Inc.

• AT&T Intellectual Property

• AUDI AG

• BMW AG

• Aptiv

• Ford Motor Company

• General Motors

• Google LLC

• NXP Semiconductors.

*Similar analysis will be provided for each company listed above.