| Product Code: ETC5883917 | Publication Date: Nov 2023 | Updated Date: Nov 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, Cape Verde continued to see a significant influx of connected car devices from top exporting countries such as China, Portugal, Senegal, Togo, and the Netherlands. Despite a negative compound annual growth rate (CAGR) from 2020-2024, the market showed resilience with a positive growth rate of 5.0% in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting that these key exporting countries hold a strong presence in supplying connected car devices to Cape Verde. This trend highlights the importance of these countries in shaping the connected car device market in Cape Verde.

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 Cape Verde Connected Car Device Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Connected Car Device Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Connected Car Device Market - Industry Life Cycle |
3.4 Cape Verde Connected Car Device Market - Porter's Five Forces |
3.5 Cape Verde Connected Car Device Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Cape Verde Connected Car Device Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 Cape Verde Connected Car Device Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Cape Verde Connected Car Device Market Revenues & Volume Share, By Communication, 2021 & 2031F |
4 Cape Verde Connected Car Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced vehicle telematics and connectivity solutions |
4.2.2 Rising awareness about road safety and the benefits of connected car devices |
4.2.3 Growing adoption of IoT technology in the automotive sector |
4.3 Market Restraints |
4.3.1 High initial investment and ongoing costs associated with connected car devices |
4.3.2 Limited infrastructure and network coverage in certain regions of Cape Verde |
4.3.3 Concerns regarding data privacy and cybersecurity risks associated with connected car technology |
5 Cape Verde Connected Car Device Market Trends |
6 Cape Verde Connected Car Device Market Segmentations |
6.1 Cape Verde Connected Car Device Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Connected Car Device Market Revenues & Volume, By Driver Assistance Systems, 2021-2031F |
6.1.3 Cape Verde Connected Car Device Market Revenues & Volume, By Telematics, 2021-2031F |
6.1.4 Cape Verde Connected Car Device Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Connected Car Device Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Connected Car Device Market Revenues & Volume, By Dedicated Short Range Communication (DSRC), 2021-2031F |
6.2.3 Cape Verde Connected Car Device Market Revenues & Volume, By Long Range/ Cellular Network, 2021-2031F |
6.3 Cape Verde Connected Car Device Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Connected Car Device Market Revenues & Volume, By Das, 2021-2031F |
6.3.3 Cape Verde Connected Car Device Market Revenues & Volume, By Telematics, 2021-2031F |
6.4 Cape Verde Connected Car Device Market, By Communication |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Connected Car Device Market Revenues & Volume, By Vehicle-to-Vehicle (V2V), 2021-2031F |
6.4.3 Cape Verde Connected Car Device Market Revenues & Volume, By Vehicle-to-Infrastructure (V2I), 2021-2031F |
6.4.4 Cape Verde Connected Car Device Market Revenues & Volume, By Vehicle-to-Pedestrian(V2P), 2021-2031F |
6.4.5 Cape Verde Connected Car Device Market Revenues & Volume, By Others (V2C, V2D, V2G), 2021-2031F |
7 Cape Verde Connected Car Device Market Import-Export Trade Statistics |
7.1 Cape Verde Connected Car Device Market Export to Major Countries |
7.2 Cape Verde Connected Car Device Market Imports from Major Countries |
8 Cape Verde Connected Car Device Market Key Performance Indicators |
8.1 Average number of vehicles equipped with connected car devices in Cape Verde |
8.2 Percentage increase in the usage of real-time vehicle tracking and diagnostics features |
8.3 Customer satisfaction levels with the performance and reliability of connected car devices |
9 Cape Verde Connected Car Device Market - Opportunity Assessment |
9.1 Cape Verde Connected Car Device Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Cape Verde Connected Car Device Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 Cape Verde Connected Car Device Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 Cape Verde Connected Car Device Market Opportunity Assessment, By Communication, 2021 & 2031F |
10 Cape Verde Connected Car Device Market - Competitive Landscape |
10.1 Cape Verde Connected Car Device Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde 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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