Market Forecast By Services(Autopilot, Navigation, eCall & SOS Assistance, Predictive Diagnostics, On-Road Assistance, Asset Tracking, Auto Parking/Connected Parking, Vehicle Management & Others), By Form Types(Embedded, Tethered, Integrated), By End Markets(OEM, Aftermarket), By Countries(India, China, Japan, Australia, Indonesia, Malaysia, Thailand & Rest of Asia Pacific) and Competitive Landscape.
Product Code: ETC001555 | Publication Date: Jan 2020 | Updated Date: Jul 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific (APAC) Connected Car Services Market |
Forecast Period | 2024-2030 |
CAGR | 8.7% |
Growing Sector | OEM |
The Asia Pacific (APAC) Connected Car Services Market report thoroughly covers the market by Services, Form Types, End Markets, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The APAC Connected Car Services Market is witnessing robust growth, primarily driven by the increasing integration of advanced technologies in vehicles and rising consumer demand for enhanced connectivity and safety features.Β
According to 6Wresearch, the APAC Connected Car Services Market is projected to grow at a CAGR of 8.7% from 2024-2030. OEM is the larger sector in which due to increasing collaboration between automakers and connectivity solution providers resulting into manufacturers deploying connected car technologies to drive safety, navigation & user experience within vehicles are valuing this technology. Moreover, rising imposition of governmental regulations for installing safety and emergency equipment in the vehicles is driving market.
However, the market faces challenges such as high costs associated with connected car technologies and concerns over data privacy and security. The need for substantial investments in infrastructure to support connected services also poses a barrier to market growth. Additionally, the slow adoption rate in some developing countries due to economic constraints and limited awareness can impact market expansion.
Leading players in the APAC Connected Car Services Market include Bosch, Continental, Denso, and Harman. Bosch is renowned for its comprehensive range of connected mobility solutions that enhance safety and comfort. Continental offers advanced telematics and connectivity services that cater to the evolving needs of automakers and consumers. Denso provides innovative connected car technologies that improve vehicle performance and safety. Harman is known for its cutting-edge infotainment systems and connected car solutions that deliver a superior driving experience.
Governments across the APAC region are actively supporting the growth of connected car services through various initiatives. Policies aimed at enhancing road safety, reducing traffic congestion, and promoting the adoption of electric vehicles are driving the demand for connected car technologies. Furthermore, investments in smart city projects and infrastructure development are creating favorable conditions for the expansion of connected car services. Regulatory frameworks mandating the inclusion of safety and emergency features in vehicles are also contributing to market growth. Additionally, governments are offering incentives and subsidies to encourage the adoption of advanced automotive technologies.
The APAC Connected Car Services Market is poised for significant growth over the next five years. Further advancements in connected car services such as IoT and AI integration is expected to bolster market growth. Also grow demand of connected car technologies with rising inclination towards autonomous and semi-autonomous driving solutions. In addition to this, increasing traction towards energy-efficient and sustainable automotive solutions will continue underpinning the sales of environment-friendly connected car variants. More consumers are predicted to upgrade their existing cars with connected car technologies, which should result in growth of the aftermarket segment as well. In summary, the market's growth trajectory will be shaped by innovation and a sustainability-oriented approach.
According to Ravi Bhandari, Research Head, 6Wresearch, Autopilot services are gaining traction due to their ability to enhance driving safety and efficiency, making them popular among both OEMs and aftermarket consumers.
By ensuring robustness, and integration with the Vehicle systems they are greatly expanding the user experience which is driving their lead in embedded form types.
Increasing integration of connected car technologies in new vehicles to enhance safety, navigation and user convenience is one of the major factors that contribute OEM segment dominates the market.
China leads the market with significant support from its automotive sector, sophisticated technology infrastructure and favorable government policies to promote deployment of connected car services.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Connected Car Services Market Overview |
3.1 Asia Pacific Country Indicators |
3.2 Asia Pacific Connected Car Services Market Revenues, 2020-2030F |
3.3 Asia Pacific Connected Car Services Market Revenue Share, By Services, 2020-2030F |
3.4 Asia Pacific Connected Car Services Market Revenue Share, By Form Types, 2020-2030F |
3.5 Asia Pacific Connected Car Services Market Revenue Share, By End Markets, 2020-2030F |
3.6 Asia Pacific Connected Car Services Market Revenue Share, By Regions, 2020-2030F |
3.7 Asia Pacific Connected Car Services Market - Industry Life Cycle |
3.8 Asia Pacific Connected Car Services Market - Porterβs Five Forces |
4 Asia Pacific Connected Car Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Connected Car Services Market Trends |
6 Asia Pacific Connected Car Services Market Overview, By Services |
6.1 Asia Pacific Connected Car Services Market Revenues, By Autopilot, 2020-2030F |
6.2 Asia Pacific Connected Car Services Market Revenues, By Navigation, 2020-2030F |
6.3 Asia Pacific Connected Car Services Market Revenues, By eCall & SOS Assistance, 2020-2030F |
6.4 Asia Pacific Connected Car Services Market Revenues, By Predictive Diagnostics, 2020-2030F |
6.5 Asia Pacific Connected Car Services Market Revenues, By On-Road Assistance, 2020-2030F |
6.6 Asia Pacific Connected Car Services Market Revenues, By Asset Tracking, 2020-2030F |
6.7 Asia Pacific Connected Car Services Market Revenues, By Auto Parking/Connected Parking, 2020-2030F |
6.8 Asia Pacific Connected Car Services Market Revenues, By Vehicle Management, 2020-2030F |
6.9 Asia Pacific Connected Car Services Market Revenues, By Others, 2020-2030F |
7 Asia Pacific Connected Car Services Market Overview, By Form Types |
7.1 Asia Pacific Connected Car Services Market Revenues, By Embedded, 2020-2030F |
7.2 Asia Pacific Connected Car Services Market Revenues, By Tethered, 2020-2030F |
7.3 Asia Pacific Connected Car Services Market Revenues, By Integrated, 2020-2030F |
8 Asia Pacific Connected Car Services Market Overview, By End Markets |
8.1 Asia Pacific Connected Car Services Market Revenues, By OEM, 2020-2030FΒ |
8.2 Asia Pacific Connected Car Services Market Revenues, By After-Markets, 2020-2030FΒ |
9 India Connected Car Services Market Overview |
9.1 India Connected Car Services Market Revenue and Volumes, 2020-2030F |
9.2 India Connected Car Services Market Revenues, By Services, 2020-2030F |
9.3 India Connected Car Services Market Revenues, By Form Types, 2020-2030F |
9.4 India Connected Car Services Market Revenues, By End Markets, 2020-2030F |
10 China Connected Car Services Market Overview |
10.1 China Connected Car Services Market Revenue and Volumes, 2020-2030F |
10.2 China Connected Car Services Market Revenues, By Services, 2020-2030F |
10.3 China Connected Car Services Market Revenues, By Form Types, 2020-2030F |
10.4 China Connected Car Services Market Revenues, By End Markets, 2020-2030F |
11 Japan Connected Car Services Market Overview |
11.1 Japan Connected Car Services Market Revenue and Volumes, 2020-2030F |
11.2 Japan Connected Car Services Market Revenues, By Services, 2020-2030F |
11.3 Japan Connected Car Services Market Revenues, By Form Types, 2020-2030F |
11.4 Japan Connected Car Services Market Revenues, By End Markets, 2020-2030F |
12 Australia Connected Car Services Market Overview |
12.1 Australia Connected Car Services Market Revenue and Volumes, 2020-2030F |
12.2 Australia Connected Car Services Market Revenues, By Services, 2020-2030F |
12.3 Australia Connected Car Services Market Revenues, By Form Types, 2020-2030F |
12.4 Australia Connected Car Services Market Revenues, By End Markets, 2020-2030F |
13 Indonesia Connected Car Services Market Overview |
13.1 Indonesia Connected Car Services Market Revenue and Volumes, 2020-2030F |
13.2 Indonesia Connected Car Services Market Revenues, By Services, 2020-2030F |
13.3 Indonesia Connected Car Services Market Revenues, By Form Types, 2020-2030F |
13.4 Indonesia Connected Car Services Market Revenues, By End Markets, 2020-2030F |
14 Malaysia Connected Car Services Market Overview |
14.1 Malaysia Connected Car Services Market Revenue and Volumes, 2020-2030F |
14.2 Malaysia Connected Car Services Market Revenues, By Services, 2020-2030F |
14.3 Malaysia Connected Car Services Market Revenues, By Form Types, 2020-2030F |
14.4 Malaysia Connected Car Services Market Revenues, By End Markets, 2020-2030F |
15 Thailand Connected Car Services Market Overview |
15.1 Thailand Connected Car Services Market Revenue and Volumes, 2020-2030F |
15.2 Thailand Connected Car Services Market Revenues, By Services, 2020-2030F |
15.3 Thailand Connected Car Services Market Revenues, By Form Types, 2020-2030F |
15.4 Thailand Connected Car Services Market Revenues, By End Markets, 2020-2030F |
16 Rest of Asia Pacific Connected Car Services Market Overview |
16.1 Rest of Asia Pacific Connected Car Services Market Revenues & Volume, 2020-2030F |
17 Asia Pacific Connected Car Services Market Key Performance Indicators |
18 Asia Pacific Connected Car Services Market Opportunity Assessment |
18.1 Asia Pacific Connected Car Services Market Opportunity Assessment, By Services, 2020-2030F |
18.2 Asia Pacific Connected Car Services Market Opportunity Assessment, By Form Types 2020-2030F |
18.3 Asia Pacific Connected Car Services Market Opportunity Assessment, By End Markets, 2020-2030F |
19 Asia Pacific Connected Car Services Market Competitive Landscape |
19.1 Asia Pacific Connected Car Services Market Revenue Share, By Companies, 2020-2030F |
19.1.1 India Connected Car Services Market Revenue Share, By Companies, 2020-2030F |
19.1.2 China Connected Car Services Market Revenue Share, By Companies, 2020-2030F |
19.1.3 Japan Connected Car Services Market Revenue Share, By Companies, 2020-2030F |
19.1.4 Australia Connected Car Services Market Revenue Share, By Companies, 2020-2030F |
19.1.5 Indonesia Connected Car Services Market Revenue Share, By Companies, 2020-2030F |
19.1.6 Malaysia Connected Car Services Market Revenue Share, By Companies, 2020-2030F |
19.1.7 Thailand Connected Car Services Market Revenue Share, By Companies, 2020-2030F |
19.2 Asia Pacific Connected Car Services Market Competitive Benchmarking, By Services |
20 Company Profiles |
21 Key Strategic Recommendations |
22 Disclaimer |