| Product Code: ETC5883912 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Bulgaria saw a significant increase in connected car device import shipments, with top exporting countries including Israel, Metropolitan France, Germany, China, and Taiwan. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis experienced a shift from low to moderate concentration, indicating growing competition among suppliers. The impressive compound annual growth rate of 10.65% from 2020 to 2024 highlights the expanding demand for connected car technology in Bulgaria. Moreover, the remarkable growth rate of 60.08% from 2023 to 2024 suggests a rapid acceleration in the adoption of these devices, signaling a promising future for the connected car Market Top 5 Importing Countries and Market Competition (HHI) Analysis in the country.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bulgaria Connected Car Device Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Connected Car Device Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Connected Car Device Market - Industry Life Cycle |
3.4 Bulgaria Connected Car Device Market - Porter's Five Forces |
3.5 Bulgaria Connected Car Device Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Bulgaria Connected Car Device Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 Bulgaria Connected Car Device Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Bulgaria Connected Car Device Market Revenues & Volume Share, By Communication, 2021 & 2031F |
4 Bulgaria Connected Car Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced vehicle connectivity features |
4.2.2 Growing awareness about safety and security benefits of connected car devices |
4.2.3 Government initiatives promoting adoption of connected car technology |
4.3 Market Restraints |
4.3.1 High initial costs associated with connected car devices and services |
4.3.2 Concerns regarding data privacy and cybersecurity |
4.3.3 Limited availability of skilled professionals in the connected car technology field |
5 Bulgaria Connected Car Device Market Trends |
6 Bulgaria Connected Car Device Market Segmentations |
6.1 Bulgaria Connected Car Device Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Connected Car Device Market Revenues & Volume, By Driver Assistance Systems, 2021-2031F |
6.1.3 Bulgaria Connected Car Device Market Revenues & Volume, By Telematics, 2021-2031F |
6.1.4 Bulgaria Connected Car Device Market Revenues & Volume, By Others, 2021-2031F |
6.2 Bulgaria Connected Car Device Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Connected Car Device Market Revenues & Volume, By Dedicated Short Range Communication (DSRC), 2021-2031F |
6.2.3 Bulgaria Connected Car Device Market Revenues & Volume, By Long Range/ Cellular Network, 2021-2031F |
6.3 Bulgaria Connected Car Device Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Connected Car Device Market Revenues & Volume, By Das, 2021-2031F |
6.3.3 Bulgaria Connected Car Device Market Revenues & Volume, By Telematics, 2021-2031F |
6.4 Bulgaria Connected Car Device Market, By Communication |
6.4.1 Overview and Analysis |
6.4.2 Bulgaria Connected Car Device Market Revenues & Volume, By Vehicle-to-Vehicle (V2V), 2021-2031F |
6.4.3 Bulgaria Connected Car Device Market Revenues & Volume, By Vehicle-to-Infrastructure (V2I), 2021-2031F |
6.4.4 Bulgaria Connected Car Device Market Revenues & Volume, By Vehicle-to-Pedestrian(V2P), 2021-2031F |
6.4.5 Bulgaria Connected Car Device Market Revenues & Volume, By Others (V2C, V2D, V2G), 2021-2031F |
7 Bulgaria Connected Car Device Market Import-Export Trade Statistics |
7.1 Bulgaria Connected Car Device Market Export to Major Countries |
7.2 Bulgaria Connected Car Device Market Imports from Major Countries |
8 Bulgaria Connected Car Device Market Key Performance Indicators |
8.1 Average revenue per user (ARPU) for connected car services |
8.2 Adoption rate of connected car devices among new car buyers |
8.3 Average number of connected car features used per vehicle |
9 Bulgaria Connected Car Device Market - Opportunity Assessment |
9.1 Bulgaria Connected Car Device Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Bulgaria Connected Car Device Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 Bulgaria Connected Car Device Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 Bulgaria Connected Car Device Market Opportunity Assessment, By Communication, 2021 & 2031F |
10 Bulgaria Connected Car Device Market - Competitive Landscape |
10.1 Bulgaria Connected Car Device Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Connected Car Device Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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