connected car market size

[303 Pages Report] The global Connected Car Market is projected to reach USD 56.3 billion by 2026 from an estimated USD 23.6 billion in 2021, at a CAGR of 19.0% from 2021 to 2026. This is exactly what we are trying to address in our company. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed. For instance, the transportation department of the US has proposed V2V communication in vehicles to reduce potential crashes and improve the safety of passengers. Production of the SMI230 at Bosch has recently started; the first customers are already getting the sensor as standard. These companies have strong distribution networks at a global level and offer an extensive product range. In January 2021, HARMAN announced HARMAN Turbo Connect (TBOT), a new intelligent software agent that anticipates and mitigates vehicle connectivity discrepancies on the road. Most of the customers are reluctant to pay more for embedded connected car solutions. From reading the brief description, I get the sense that Connected Services are going to be the largest drivers of the annual growth rate of connected cars. For example, in April 2020, the Indian automotive industry adopted the BS-VI specification, which includes reverse parking sensors in all vehicle segments. Most OEMs and Tier I companies have experienced several supply disruptions during the last few months due to the COVID-19 outbreak. To know how our report can help streamline your business, Speak to Analyst, Driver Assistance Segment to Dominate the Market. Various governments across the globe have imposed stringent safety norms on automotive manufacturers. According to the international 5G automotive associations, 68% of accidents can be avoided with the upcoming 5G technology. Global top 2000 strategist rely on us for their growth strategies. How much is the connected car market worth? Also, the constant R&D efforts by the company are leading to the creation of innovative technologies, which are some of the prominent factors responsible for the dominance of the company. Primary interviews were conducted with market experts from both the demand (OEMs) and supply (connected car solution and service providers) sides across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Factors such as cost optimization of service plans, cloud services, and governmental regulations are expected to help its leading position in the market. In order to prevent data theft, car-owners have started to equip their vehicles with devices such as TravelEyes2, ProScout, and LoJack. In June 2020, Bosch announced the launch of its new MEMS sensor, the SMI230, which ensures trouble-free navigation and helps realistically visualize vehicle movements. TomTom International is a major player in the global market. - 127)The market size and forecast of each transponder is further segmented into regions Asia Pacific, Europe, North America and RoW 10.1 INTRODUCTION 10.1.1 RESEARCH METHODOLOGY 10.1.2 ASSUMPTIONS 10.1.3 PRIMARY INSIGHTS FIGURE 45 CONNECTED CAR MARKET, BY TRANSPONDER, 2021 VS. 2026 (USD MILLION) TABLE 81 CONNECTED CAR MARKET, BY TRANSPONDER, 20182020 (000 UNITS) TABLE 82 CONNECTED CAR MARKET, BY TRANSPONDER, 20212026 (000 UNITS) TABLE 83 CONNECTED CAR MARKET, BY TRANSPONDER, 20182020 (USD MILLION) TABLE 84 CONNECTED CAR MARKET, BY TRANSPONDER, 20212026 (USD MILLION) 10.2 ONBOARD UNIT 10.2.1 DEMAND FOR SAFETY AND V2V COMMUNICATION WILL DRIVE MARKET TABLE 85 ONBOARD UNIT MARKET, BY REGION, 20182020 (000 UNITS) TABLE 86 ONBOARD UNIT MARKET, BY REGION, 20212026 (000 UNITS) TABLE 87 ONBOARD UNIT MARKET, BY REGION, 20182020 (USD MILLION) TABLE 88 ONBOARD UNIT MARKET, BY REGION, 20212026 (USD MILLION) 10.3 ROADSIDE UNIT 10.3.1 SMART CITIES WILL DRIVE ROADSIDE UNIT MARKET TABLE 89 ROADSIDE UNIT MARKET, BY REGION, 20182020 (000 UNITS) TABLE 90 ROADSIDE UNIT MARKET, BY REGION, 20212026 (000 UNITS) TABLE 91 ROADSIDE UNIT MARKET, BY REGION, 20182020 (USD MILLION) TABLE 92 ROADSIDE UNIT MARKET, BY REGION, 20212026 (USD MILLION), 11 CONNECTED CAR MARKET, BY NETWORK (Page No. - 142)The market size and forecast of each country is further segmented into service navigation, remote diagnostics, multimedia streaming, social media & apps, OTA updates, on-road assistance, eCall & SOS assistance, cybersecurity, remote operation, collision warning, auto parking/connected parking, autopilot, home integration, vehicle management, and asset tracking 12.1 INTRODUCTION 12.1.1 RESEARCH METHODOLOGY 12.1.2 ASSUMPTIONS/LIMITATIONS 12.1.3 PRIMARY INSIGHTS FIGURE 47 CONNECTED CAR MARKET, BY REGION, 2021 VS. 2026 (USD MILLION) TABLE 100 CONNECTED CAR MARKET, BY REGION, 20182020 (USD MILLION) TABLE 101 CONNECTED CAR MARKET, BY REGION, 20212026 (USD MILLION) 12.2 ASIA PACIFIC FIGURE 48 ASIA PACIFIC: CONNECTED CAR MARKET SNAPSHOT TABLE 102 ASIA PACIFIC: CONNECTED CAR MARKET, BY COUNTRY, 20182020 (USD MILLION) TABLE 103 ASIA PACIFIC: CONNECTED CAR MARKET, BY COUNTRY, 20212026 (USD MILLION) 12.2.1 CHINA 12.2.1.1 Automakers launching models with 5G and collaborations between telecommunication players and tech giants will drive market TABLE 104 CHINA: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 105 CHINA: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.2.2 INDIA 12.2.2.1 Demand for infotainment and navigation will drive market TABLE 106 INDIA: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 107 INDIA: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.2.3 JAPAN 12.2.3.1 Governments push to develop autonomous cars and investment to develop next-generation communications devices will boost market TABLE 108 JAPAN: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 109 JAPAN: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.2.4 SOUTH KOREA 12.2.4.1 Increasing sales of connected car models and developments in autonomous vehicles will drive market TABLE 110 SOUTH KOREA: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 111 SOUTH KOREA: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.2.5 THAILAND 12.2.5.1 Efforts towards self-driving taxis backed by government will drive adoption of connectivity in automobiles TABLE 112 THAILAND: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 113 THAILAND: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.2.6 REST OF ASIA PACIFIC 12.2.6.1 Rolling out services such as OTA updates and voice recognition technology will drive market TABLE 114 REST OF ASIA PACIFIC: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 115 REST OF ASIA PACIFIC: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.3 EUROPE FIGURE 49 EUROPE: CONNECTED CAR MARKET, 2021 VS. 2026 (USD MILLION) TABLE 116 EUROPE: CONNECTED CAR MARKET, BY COUNTRY, 20182020 (USD MILLION) TABLE 117 EUROPE: CONNECTED CAR MARKET, BY COUNTRY, 20212026 (USD MILLION) 12.3.1 GERMANY 12.3.1.1 Increased R&D and government bill supporting automated driving will drive market TABLE 118 GERMANY: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 119 GERMANY: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.3.2 FRANCE 12.3.2.1 Adoption of advanced ADAS features and government regulations permitting automated driving will drive market TABLE 120 FRANCE: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 121 FRANCE: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.3.3 UK 12.3.3.1 Customer shift towards premium vehicles will increase adoption of connected cars TABLE 122 UK: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 123 UK: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.3.4 SPAIN 12.3.4.1 Launches of enhanced connected car solutions to drive market TABLE 124 SPAIN: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 125 SPAIN: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.3.5 ITALY 12.3.5.1 Developments and investments in smart road infrastructure will drive market TABLE 126 ITALY: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 127 ITALY: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.3.6 RUSSIA 12.3.6.1 Embedded connectivity will drive market TABLE 128 RUSSIA: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 129 RUSSIA: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.3.7 REST OF EUROPE 12.3.7.1 5G connectivity and services will drive market TABLE 130 REST OF EUROPE: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 131 REST OF EUROPE: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.4 NORTH AMERICA FIGURE 50 NORTH AMERICA: CONNECTED CAR MARKET, SNAPSHOT TABLE 132 NORTH AMERICA: CONNECTED CAR MARKET, BY COUNTRY, 20182020 (USD MILLION) TABLE 133 NORTH AMERICA: CONNECTED CAR MARKET, BY COUNTRY, 20212026 (USD MILLION) 12.4.1 US 12.4.1.1 High penetration of internet to drive market in US TABLE 134 US: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 135 US: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.4.2 CANADA 12.4.2.1 Growing popularity of mobile broadband access in vehicles driving launches of connected cars TABLE 136 CANADA: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 137 CANADA: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.4.3 MEXICO 12.4.3.1 Partnerships between telecommunications companies and automakers to drive popularity of connected cars TABLE 138 MEXICO: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 139 MEXICO: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.5 REST OF THE WORLD FIGURE 51 ROW: CONNECTED CAR MARKET, BY COUNTRY, 2021 VS. 2026 (USD MILLION) TABLE 140 ROW: CONNECTED CAR MARKET, BY COUNTRY, 20182020 (USD MILLION) TABLE 141 ROW: CONNECTED CAR MARKET, BY COUNTRY, 20212026 (USD MILLION) 12.5.1 BRAZIL 12.5.1.1 Car tracking and safety features will drive market TABLE 142 BRAZIL: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 143 BRAZIL: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.5.2 ARGENTINA 12.5.2.1 Government initiatives and investment to support internet infrastructure expected to drive adoption of connectivity in cars TABLE 144 ARGENTINA: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 145 ARGENTINA: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.5.3 IRAN 12.5.3.1 Domestic production of premium and luxury cars expected to drive market in Iran TABLE 146 IRAN: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 147 IRAN: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION) 12.5.4 REST OF ROW 12.5.4.1 Demand for advanced mobility solutions and development of 5G infrastructure will drive market TABLE 148 REST OF ROW: CONNECTED CAR MARKET, BY SERVICE, 20182020 (USD MILLION) TABLE 149 REST OF ROW: CONNECTED CAR MARKET, BY SERVICE, 20212026 (USD MILLION), 13 CONNECTED ELECTRIC CAR MARKET, BY VEHICLE TYPE (Page No. Lack of Connectivity Infrastructure to Restrain Growth. For instance, South Korea and the EU have partnered to develop a 5G network for local projects by investing more than USD 1.5 billion. Compared to developed countries, the development of connected vehicles infrastructures in developing economies is lower. Factors such as the rollout of stringent safety regulations, adoption of high-end and luxury cars, and growing adoption of integrated connectivity are expected to drive the demand for connected cars. Uninterrupted 3G and 4G networks are available mostly in urban areas. This system enables the driver to reach the destination safely in the shortest time and with the most efficient fuel consumption. To define, describe, and forecast the connected car market in terms of value (USD million) and volume (thousand units), By service (navigation, remote diagnostics, multimedia streaming, social media & other apps, OTA updates, on-road assistance, eCall & SOS assistance, cybersecurity, remote operation, collision warning, auto parking/connected parking, autopilot, home integration, vehicle management, and asset tracking) at the regional level, in terms of value at regional level, By end market (OEM and aftermarket), in terms of value at the regional level, By form type (embedded, tethered, and integrated), in terms of volume and value at the regional level, By hardware (head unit, central gateway, intelligent antenna, electronic control unit, telematics control unit, keyless entry system, and sensor), in terms of value at the regional level, By transponder (onboard unit and roadside unit), in terms of volume and value at the regional level, By network (DSRC and cellular) at the regional level, in terms of volume, By region (Asia Pacific, Europe, North America, and RoW), in terms of value, To analyze the impact of COVID-19 on the connected car market (pre-COVID-19 vs. post-COVID-19), To analyze the most likely, low-impact, and high-impact scenarios of COVID-19 on the market, To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the connected car market, To analyze the following with respect to the market, To analyze the market ranking of key players operating in the connected car market, To analyze the competitive landscape and prepare a competitive leadership mapping/ranking quadrant for the global players operating in the connected car market, To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry participants in the connected car market. While several third-party logistics companies operate in semi-urban and rural areas, there are issues of low connectivity. Therefore, the lack of IT and communication infrastructure in developing regions and lag in government norms can hamper the growth of the connected car market in these countries. Volume (Thousand Units) & Value (USD Million), By Service, Form Type, Hardware, End Market, Transponder, Network, Region, electric vehicle type, North America, Asia Pacific, Europe, and Rest of the World, Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US), Cloudmade (UK), Intellias (Ukraine), Tesla (US), Ford Motor Company (US), Audi (Germany), AT&T (US), Qualcomm (US), Verizon Communications (US), TomTom (Netherlands), Sierra Wireless (Canada)A total of 26 major players covered, This research report categorizes the given market based on service, form type, end market, hardware, transponder, network, and region and electric vehicle type. The increasing IT infrastructure along highways that can seamlessly connect to mobile networks is expected to drive the demand for connected telematics solutions during the forecast period. In the short term, uncertainty in new sales will continue as lockdowns continue sporadically, leading to reduced vehicle usage. Growing partnerships and collaborations among the key market players have led to the early adoption of advanced technologies. The interoperability of the various platforms as well as the cross-border use cases will have to be discussed and regulated. In addition, key features such as remote diagnostics and eCall systems cannot function without an embedded system. Many telecom industry players are developing 5G to increase the safety and efficiency of connected cars. North America is expected to grow steadily in the connected cars market over the forecast period. The market is projected to grow at a CAGR of 18.1% and exhibit excellent growth during the forecast period (2021-2028). The report covered all the points and was very detailed. Hackers took control of the cars infotainment system, which was connected to the mobile data network. Tech giants such as Google and Apple are developing vehicle cybersecurity apps in order to prevent data from getting stolen. The vehicle telematics segment is anticipated to achieve considerable growth in the market. With the increasing use of sensors and other technologies that collect data, AI will be key to making sense of everything. The Vehicle to Infrastructure segment is expected to show good growth during the forecast period. Asia Pacific dominated the market share in 2020. The satellite segment is expected to be the fastest-growing segment over the forecast period. Which factors are expected to drive the adoption of connected cars? Whereas for inorganic development, collaborations and partnerships were mostly adopted. The rising adoption of 5G connectivity is expected to drive the adoption of connected vehicles. The integrated segment is expected to dominate the market over the forecast period. Similarly, connected car features such as e-call are mandatory in all new cars sold within the EU since April 2018. Primary data was collected through questionnaires, emails, and telephonic interviews. An Infographic Representation of Connected Car Market, To get information on various segments, share your queries with us. As various ADAS and other safety-related connected car features are mandated by governments, the overall demand for connected cars has increased. For example, in 2013, under the Federal Motor Vehicle Safety Standard (FMVSS), the National Highway Traffic Safety Administration (NHTSA) of the US made it mandatory to equip Anti-lock Braking System (ABS) in all vehicle segments. Disruptions in the supply chain hamper the supply of raw materials and components, resulting in production delays. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. What is the COVID-19 impact on the connected car market? Can we leverage some of the existing technologies and provide the "convenience" of driving to the existing consumers of non-connected cars? For instance, the EU and South Korea have signed a deal to work together on 5G development, while both have promised USD 782 million and USD 1.5 billion, respectively, in funding for local 5G projects. All rights reserved. Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US) are the leading players in the connected car market. Advanced driver assistance system consists of technologically advanced features such as adaptive cruise control, lane keep assist, 360 view camera, park assist, etc., that enhance the vehicle's safety. - 27) 2.1 RESEARCH DATA FIGURE 3 CONNECTED CAR MARKET: RESEARCH DESIGN FIGURE 4 RESEARCH METHODOLOGY MODEL 2.1.1 SECONDARY DATA 2.1.1.1 List of key secondary sources to estimate base numbers 2.1.1.2 List of key secondary connected car sources 2.1.1.3 Key data from secondary sources 2.1.2 PRIMARY DATA FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS 2.1.2.1 Sampling techniques & data collection methods 2.2 MARKET SIZE ESTIMATION FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 2.2.1 BOTTOM-UP APPROACH: CONNECTED CAR MARKET, BY SERVICE (ICE AND ELECTRIC VEHICLES) FIGURE 7 BOTTOM-UP APPROACH: CONNECTED CAR MARKET FIGURE 8 BOTTOM-UP APPROACH: CONNECTED CAR MARKET (BY FORM TYPE) 2.2.2 TOP-DOWN APPROACH: CONNECTED CAR MARKET FIGURE 9 TOP-DOWN APPROACH: CONNECTED CAR MARKET, BY TRANSPONDER FIGURE 10 TOP-DOWN APPROACH: CONNECTED CAR MARKET, BY HARDWARE FIGURE 11 TOP-DOWN APPROACH: CONNECTED CAR MARKET, BY NETWORK FIGURE 12 TOP-DOWN APPROACH: CONNECTED CAR MARKET, BY END MARKET FIGURE 13 CONNECTED CAR MARKET: RESEARCH DESIGN & METHODOLOGY 2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE 2.3 FACTOR ANALYSIS 2.4 MARKET BREAKDOWN AND DATA TRIANGULATION FIGURE 14 DATA TRIANGULATION 2.5 GLOBAL ASSUMPTIONS 2.6 ASSUMPTIONS 2.7 RESEARCH LIMITATIONS, 3 EXECUTIVE SUMMARY (Page No. Deployment of a wide range of advanced connectivity solutions, development of self-driving vehicles for intelligent transportation, and safe mobility management are the company's key aims. In the UK, USD 78 million of funding has been commissioned for a 5G research facility, known as the 5G Innovation Centre (5GIC). 3G and 4G-LTE communication networks required for connectivity are offered in urban and semi-urban areas only. What was the value of the market in Asia Pacific in 2020? Based on network type, the market is segmented into 3G, 4G, 5G, and satellite. According to GSMA, automakers are likely to adopt embedded solutions to meet regulatory requirements and as a basis for the provision of vehicle-centric telematics services. The enhanced user experience for all connected cars depends on wireless connectivity. 80% of fortune 2000 companies rely on our research to identify new revenue sources. Europe is expected to be the second-largest region in this market due to the numerous development projects undertaken by governments across the continent and major key players in this region. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The leading companies working on hardware and services include Continental, Bosch, HARMAN, Airbiquity, Visteon, CloudMade, Intellias, and Sierra Wireless. Once the mobile is connected to the vehicle's infotainment system, it keeps a record of the passenger's travel history or the location of the passenger's last travel spot, how many halts there have been in between, etc., which can make travel unsafe. ICE vehicle production remained significantly disrupted by the COVID-19 pandemic. Developments in wireless technologies and the increasing usage of advanced equipment such as sensors and GPS in V2V systems are anticipated to maintain the segment's dominance over the forecast period. . The infotainment system segment is also anticipated to show good growth over the forecast period. An increasing number of vehicle thefts are drawing the attention of car buyers to surveillance systems that can monitor their vehicles and send timely updates about their geographic location. Although a few OEMs resumed partial production during the later quarters of 2020, the connected car market for automotive declined significantly in 2020. In a way, get them used to the newfound convenience which encourages them to adopt to new connected services after they buy a new "connected" cars. We use cookies to enhance your experience. - 46) 3.1 PRE- VS POST-COVID-19 SCENARIO FIGURE 15 PRE- & POST-COVID-19 SCENARIO: CONNECTED CAR MARKET SIZE, 20182026 (USD MILLION) TABLE 2 CONNECTED CAR MARKET SIZE: PRE- VS. POST-COVID-19 SCENARIO, 20182026 (USD MILLION) 3.2 REPORT SUMMARY FIGURE 16 CONNECTED CAR MARKET OVERVIEW, 20212026 FIGURE 17 CONNECTED CAR MARKET, BY REGION, 2021 VS. 2026 (USD MILLION), 4 PREMIUM INSIGHTS (Page No. In November 2021, Continental developed a technology solution for highly automated driving: an intelligent software that enables complex driving maneuvers autonomously. The growing adoption of cybersecurity solutions in-car safety systems is a major trend in this market. - 100)The market size and forecast of each form type is further segmented into regions Asia Pacific, Europe, North America and RoW 7.1 INTRODUCTION 7.1.1 RESEARCH METHODOLOGY 7.1.2 ASSUMPTIONS 7.1.3 PRIMARY INSIGHTS FIGURE 42 CONNECTED CAR MARKET, BY FORM TYPE, 2021 VS. 2026 (USD MILLION) 7.2 OPERATIONAL DATA 7.2.1 FEATURES OF VARIOUS CONNECTED CARS IN TERMS OF CONNECTIVITY FORM TABLE 42 CONNECTED CAR, BY FORM TYPE, FEATURES TABLE 43 CONNECTED CAR MARKET, BY FORM TYPE, 20182020 (000 UNITS) TABLE 44 CONNECTED CAR MARKET, BY FORM TYPE, 20212026 (000 UNITS) TABLE 45 CONNECTED CAR MARKET, BY FORM TYPE, 20182020 (USD MILLION) TABLE 46 CONNECTED CAR MARKET, BY FORM TYPE, 20212026 (USD MILLION) 7.3 EMBEDDED 7.3.1 REDUCTION IN PRICES FOR SERVICE PLANS AND TELEMATICS REGULATIONS WILL DRIVE MARKET TABLE 47 EMBEDDED CONNECTED CAR MARKET, BY REGION, 20182020 (000 UNITS) TABLE 48 EMBEDDED CONNECTED CAR MARKET, BY REGION, 20212026 (000 UNITS) TABLE 49 EMBEDDED CONNECTED CAR MARKET, BY REGION, 20182020 (USD MILLION) TABLE 50 EMBEDDED CONNECTED CAR MARKET, BY REGION, 20212026 (USD MILLION) 7.4 TETHERED 7.4.1 LESS COSTLY IN-VEHICLE HARDWARE AND DIRECT ALLOCATION OF SERVICE CONNECTIVITY EXPECTED TO DRIVE MARKET TABLE 51 TETHERED CONNECTED CAR MARKET, BY REGION, 20182020 (000 UNITS) TABLE 52 TETHERED CONNECTED CAR MARKET, BY REGION, 20212026 (000 UNITS) TABLE 53 TETHERED CONNECTED CAR MARKET, BY REGION, 20182020 (USD MILLION) TABLE 54 TETHERED CONNECTED CAR MARKET, BY REGION, 20212026 (USD MILLION) 7.5 INTEGRATED 7.5.1 DEVELOPMENT OF APPS FOR EASY INTEGRATION EXPECTED TO DRIVE MARKET GROWTH TABLE 55 INTEGRATED CONNECTED CAR MARKET, BY REGION, 20182020 (000 UNITS) TABLE 56 INTEGRATED CONNECTED MARKET, BY REGION, 20212026 (000 UNITS) TABLE 57 INTEGRATED CONNECTED MARKET, BY REGION, 20182020 (USD MILLION) TABLE 58 INTEGRATED CONNECTED MARKET, BY REGION, 20212026 (USD MILLION), 8 CONNECTED CAR MARKET, BY END MARKET (Page No. To know about the assumptions considered for the study, download the pdf brochure. Vehicle-to-vehicle communication helps reduce traffic congestion in large cities, enhances road safety, and augments the comfort of the occupants. For example, in January 2017, Parkopedia and Volkswagen launched high-definition autonomous driving (HAD) Parking Maps to provide their customers with detailed information about parking spaces. Japan has one of the largest connected car penetrations globally, with China expected to witness significant growth in the coming years. For instance, in 2015, Fiat Chrysler recalled around 1.4 million vehicles due to safety reasons. Hence, the increasing demand for satellite and 5G networks is expected to drive the connected car industry. - 292) 17.1 ASIA PACIFIC WILL BE MAJOR MARKET FOR CONNECTED CARS 17.2 INTEGRATED FORM OF CONNECTIVITY EXPECTED TO CREATE NEW REVENUE POCKETS IN FUTURE 17.3 AFTERMARKET EXPECTED TO OFFER ATTRACTIVE OPPORTUNITIES TO AUTOMAKERS 17.4 CONCLUSION, 18 APPENDIX (Page No. Similarly, Tesla S and Nissan Leaf are also examples of the threat of cyberattacks that connected cars face. 16 COMPANY PROFILES (Page No. Cellular and Wi-Fi networks support connected vehicles only in areas where mobile towers are present, only in urban areas. Some automobiles already use AI for Level 3 autonomous driving, but for the industry to reach Level 5, major enhancements need to be made to the cars as well as the infrastructure. The user's data might consist of bank and medical details, which face a high probability of getting hacked. Once the vehicle leaves the boundary of the mobile tower, the network gets completely cut off, which may cause serious problems for the occupants in the connected vehicles. Who is the major player in the global market? For organic growth, companies have adopted new product development strategies. In September 2020, Visteon Corporation introduced an all-new digital cluster for the 2021 Ford F-150. Various automotive OEMs, satellite operators, and mobile operators focus on developing hybrid satellite-terrestrial networks to overcome this problem, which would offer uninterrupted connectivity.

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