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(Germany, Italy, France, United Kingdom & Rest of Europe) and Competitive Landscape.
Product Code: ETC001556 | Publication Date: Jan 2020 | Updated Date: Apr 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The Europe connected car services market is registering an increasing demand for advanced driver-assistance systems (ADAS). With the growing need for safety and convenience features, the demand for ADAS systems in connected cars has been on the rise. These systems include features such as lane departure warnings, blind spot detection, and automatic emergency braking. Additionally, 5G networks have started to roll out across Europe, which is expected to significantly improve the performance of connected car services, enabling faster and more reliable communication between vehicles, infrastructure, and the cloud.
Europe connected car services industry is experiencing growth in the usage-based insurance (UBI) market. UBI is gaining popularity as a way to provide personalized insurance premiums based on driving behaviour. Connected cars are equipped with telematics devices that collect data on driving habits, which insurers can use to determine premiums. Moreover, the market has also witnessed several partnerships between automakers and technology companies. Automakers are partnering with technology companies to enhance their connected car services and increase their market share. For example, BMW has partnered with IBM to incorporate its Watson cognitive computing system into its cars, while Volvo has teamed up with Microsoft to develop new connected car technologies. In addition, there is an increased focus on cybersecurity. With the growing connectivity of cars, the risk of cyberattacks has also increased. As a result, there is a greater emphasis on cybersecurity measures to protect against potential threats.
Europe is the leading revenue-generating region in the global connected car services market. Government initiatives to enhance safety, consumer demand for electric vehicles, and growing government investment in the development of superior network infrastructure have fueled the growth of the connected car services market in Europe. Moreover, a growing collaboration of the automobile manufacturers with the network providers would further fuel the market growth over the forecast period.
According to 6Wresearch, the Europe Connected Car Services Market size is anticipated to grow during 2020-2026. Currently, Germany and France are the market leaders in the connected car services market in the Europe region. Government initiatives such as the compulsory installation of the eCall feature and mandate security provisions in cars have driven the demand for the connected car service market in the countries. However, with the growing penetration of artificial intelligence in the automobile industry, the demand for connected car services is expected to register substantial growth over the forecast period.
Based on form types integrated services accounted for a leading share of market demand and are expected to maintain their dominance over the forecast period as well. Additionally, mobile network operators are expected to increase their after-market presence such as in the telematics market during the forecast period. Currently, infotainment and navigation-related services constitute the largest share of consumer demand. However, over the next five years, the primary focus is expected to be on On-road assistance and security services.
The Europe connected car services market report systematically covers the market by services, form types, end markets, and key countries including Germany, Italy, France, the United Kingdom, and the Rest of Europe. The Europe connected car service market outlook provides an unbiased and detailed analysis of the ongoing Europe connected car services market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Europe connected car service market is estimated to witness exponential growth in the coming timeframe on the back of the rising need for anti-theft protection by retrofit telematics units which tend to automatically notify car owners about their stolen car by using a connected car system moreover, enable police officials and service centre to track accurate location which would spur the significant deployment for connected car services in the foreseeable future. Additionally., improvement in the network with the introduction of 4G & 5G data services which are also stimulating car manufacturers these days to design digitally modified cars is expected to benefit the progressive growth of Europe connected car service market in the coming years.
Europe connected car service market is anticipated to find its true potential in the upcoming six years on the back of the rising Internet of things across the region. Where, Germany is the top country deploying Connected cars followed by France, and the reason it is widely used is due to its salient features like improving traffic flow and proven energy efficiency with less wastage of petrol. And, the top companies are Volkswagen and Renault Nissan alliance account for more shipments in the region with an increase in the number of connected car users is expected to rise car services and is active as a catalyst for the growth of Europe connected cars services market in the coming timeframe.
The Europe Connected Car Services Market 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 Europe Connected Car Services Market Overview |
3.1 Europe Country Indicators |
3.2 Europe Connected Car Services Market Revenues, 2016-2026F |
3.3 Europe Connected Car Services Market Revenue Share, By Services, 2019 & 2026F |
3.5 Europe Connected Car Services Market Revenue Share, By Form Types, 2019 & 2026F |
3.7 Europe Connected Car Services Market Revenue Share, By End Markets, 2019 & 2026F |
3.8 Europe Connected Car Services Market Revenue Share, By Regions, 2019 & 2026F |
3.9 Europe Connected Car Services Market - Industry Life Cycle |
3.1 Europe Connected Car Services Market - Porter’s Five Forces |
4 Europe Connected Car Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Connected Car Services Market Trends |
6 Europe Connected Car Services Market Overview, By Services |
6.1 Europe Connected Car Services Market Revenues, By Autopilot, 2016-2026F |
6.2 Europe Connected Car Services Market Revenues, By Navigation, 2016-2026F |
6.3 Europe Connected Car Services Market Revenues, By eCall & SOS Assistance, 2016-2026F |
6.4 Europe Connected Car Services Market Revenues, By Predictive Diagnostics, 2016-2026F |
6.5 Europe Connected Car Services Market Revenues, By On-Road Assistance, 2016-2026F |
6.6 Europe Connected Car Services Market Revenues, By Asset Tracking, 2016-2026F |
6.7 Europe Connected Car Services Market Revenues, By Auto Parking/Connected Parking, 2016-2026F |
6.8 Europe Connected Car Services Market Revenues, By Vehicle Management, 2016-2026F |
6.9 Europe Connected Car Services Market Revenues, By Others, 2016-2026F |
7 Europe Connected Car Services Market Overview, By Form Types |
7.1 Europe Connected Car Services Market Revenues, By Embedded, 2016-2026F |
7.2 Europe Connected Car Services Market Revenues, By Tethered, 2016-2026F |
7.3 Europe Connected Car Services Market Revenues, By Integrated, 2016-2026F |
8 Europe Connected Car Services Market Overview, By End Markets |
8.1 Europe Connected Car Services Market Revenues, By OEM, 2016-2026F |
8.2 Europe Connected Car Services Market Revenues, By After-Markets, 2016-2026F |
9 Germany Connected Car Services Market Overview |
9.1 Germany Connected Car Services Market Revenues, 2016-2026F |
9.2 Germany Connected Car Services Market Revenues, By Services, 2016-2026F |
9.3 Germany Connected Car Services Market Revenues, By Form Types, 2016-2026F |
9.4 Germany Connected Car Services Market Revenues, By End Markets, 2016-2026F |
10 Italy Connected Car Services Market Overview |
10.1 Italy Connected Car Services Market Revenues, 2016-2026F |
10.2 Italy Connected Car Services Market Revenues, By Services, 2016-2026F |
10.3 Italy Connected Car Services Market Revenues, By Form Types, 2016-2026F |
10.4 Italy Connected Car Services Market Revenues, By End Markets, 2016-2026F |
11 France Connected Car Services Market Overview |
11.1 France Connected Car Services Market Revenues, 2016-2026F |
11.2 France Connected Car Services Market Revenues, By Services, 2016-2026F |
11.3 France Connected Car Services Market Revenues, By Form Types, 2016-2026F |
11.4 France Connected Car Services Market Revenues, By End Markets, 2016-2026F |
12 United Kingdom Connected Car Services Market Overview |
12.1 United Kingdom Connected Car Services Market Revenues, 2016-2026F |
12.2 United Kingdom Connected Car Services Market Revenues, By Services, 2016-2026F |
12.3 United Kingdom Connected Car Services Market Revenues, By Form Types, 2016-2026F |
12.4 United Kingdom Connected Car Services Market Revenues, By End Markets, 2016-2026F |
13 Rest of Europe Connected Car Services Market Overview |
13.1 Rest of Europe Connected Car Services Market Revenues & Volume, 2016-2026F |
14 Europe Connected Car Services Market Key Performance Indicators |
15 Europe Connected Car Services Market Opportunity Assessment |
15.1 Europe Connected Car Services Market Opportunity Assessment, By Services, 2026F |
15.2 Europe Connected Car Services Market Opportunity Assessment, By Form Types, 2026F |
15.3 Europe Connected Car Services Market Opportunity Assessment, By End Markets, 2026F |
16 Europe Connected Car Services Market Competitive Landscape |
16.1 Europe Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.1 Germany Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.2 Italy Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.3 France Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.4 United Kingdom Connected Car Services Market Revenue Share, By Companies, 2019 |
16.2 Europe Connected Car Services Market Competitive Benchmarking, By Services |
17 Company Profiles |
18 Key Strategic Recommendations |
19 Disclaimer |