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 Regions(North America, Europe, Asia Pacific, Latin America, Middle East & Africa), By Key Countries and Competititve Landscape.
Product Code: ETC001561 | Publication Date: Jan 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Technological innovations, expanding digitally proficient consumer base, growing popularity of real-time interactions through wheel networking, as well as consumer concerns regarding safety and security have fueled the growth of the connected car service market globally. Moreover, the growing collaboration of automobile manufacturing companies with equipment and software manufacturers to embed connected car service systems in their automobiles would lead to further growth in market demand over the next five years.
According to 6Wresearch, the Global Connected Car Services Market size is projected to register growth during 2020-2026. In 2019, the Asia Pacific and Europe region are dominant contributors in terms of market revenues in the connected car services market on account of several government safety regulations and an increasing number of network and tech companies cooperating with automotive companies to provide enhanced car connected services. Moreover, the North American region is expected to record substantial growth during the forecast period due to the presence of well-established smart infrastructure and advancements such as 5G.
The embedded form of connectivity is likely to witness the highest growth during the forecast period due to government regulations related to services that cannot be accessed without embedded connectivity such as mandatory GPS service in public service transport instituted by governments in various countries. Based on services, the Autopilot segment is expected to register the maximum growth as corporations take extensive measures to improve safety and to keep up with technologies used by companies such as Tesla.
The globally connected car services market report systematically covers the market by services, form types, end markets, regions including the Asia Pacific, North America, Latin America, Middle East, and Africa, Europe, and key countries. The global connected car services market outlook provides an unbiased and detailed analysis of the on-going global 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.
The Global connected car service market is expected to witness exponential growth in the coming years on the back of the rising technological advancement with the installation of smart communicating systems with traffic signals & road infrastructure which helps in the regulation of vehicle system by responding automatically as per traffic lights signals is estimated to benefit the increasing deployment for connected car services during the forecast period. Additionally, rising government mandates for using zero-emission vehicles such as an electric vehicle coupled with technically advanced installation systems is leading to a drastic change in the environment with less fuel emission which would spur the significant growth of Global connected car service in the coming timeframe.
The Global connected cars market is projected to gain traction during the forecast period 2020-26F backed by rising digitalization and the internet of things. This Digital era prompted manufacturers to develop connected cars massively due to high consumer demand coupled with rising consumer interest towards purchasing connected cars due to the introduction of salient features like safety and cost-efficiency in cars coupled with rising disposable income which make connected cars an ideal choice in the market.
Geographically, the Asia Pacific and North America connected cars region is projected to witness substantial growth in the upcoming six years backed by rising internet access widely. China is anticipated to hold a large market share in the country due to the large scope of connected vehicles acceptance with rising innovation and manufacturing processes in the automotive sector.
The global connected cars services market is projected to gain momentum during the forecast period 2020-26F backed by the rising digitalization era in the developed and developing countries. Further, Europe connected cars service market is estimated to achieve progressive growth towards the market demand especially in Germany and United Kingdom backed by the rising need for anti-theft protection by retrofit telematics units which tends to automatically notify car owners about their stolen car by using a connected car system and moreover, enable police officials and service center 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 is also stimulating car manufacturers these days to design digitally modified cars is expected to benefit the progressive growth of Europe connected car service market as a result is expected to proliferate the enormous growth of global connected cars services market in the coming timezone.
Global Connected Cars market is estimated to find new growth avenues in the coming years owing to rising IoT and digitalization in the automotive sector in developed and developing countries. On the basis of the region, Europe connected cars market is estimated to generate lucrative opportunities in the market on the back of, Germany being the top country deploying Connected cars followed by France and are widely used 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 shipment in the region with an increase in the number of connected cars users is expected to rising cars services and is active as a catalyst for the growth of the Europe connected cars services market, as a result, it is expected to contribute major growth of the global connected cars market in the years ahead.
Key Highlights of the Report:
Markets Covered
The Global Connected Car Services Market report provides a detailed analysis of the following market segments:
By Services
By Form Types
By End Markets
By Regions
Other Key Reports Available:
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 Global Connected Car Services Market Overview |
3.1 Global Country Indicators |
3.2 Global Connected Car Services Market Revenues, 2016-2026F |
3.3 Global Connected Car Services Market Revenue Share, By Services, 2019 & 2026F |
3.4 Global Connected Car Services Market Revenue Share, By Form Types, 2019 & 2026F |
3.5 Global Connected Car Services Market Revenue Share, By End Markets, 2019 & 2026F |
3.6 Global Connected Car Services Market Revenue Share, By Regions, 2019 & 2026F |
3.7 Global Connected Car Services Market - Industry Life Cycle |
3.8 Global Connected Car Services Market - Porter’s Five Forces |
4 Global Connected Car Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Connected Car Services Market Trends |
6 Global Connected Car Services Market Overview, By Services |
6.1 Global Connected Car Services Market Revenues, By Autopilot, 2016-2026F |
6.2 Global Connected Car Services Market Revenues, By Navigation, 2016-2026F |
6.3 Global Connected Car Services Market Revenues, By eCall & SOS Assistance, 2016-2026F |
6.4 Global Connected Car Services Market Revenues, By Predictive Diagnostics, 2016-2026F |
6.5 Global Connected Car Services Market Revenues, By On-Road Assistance, 2016-2026F |
6.6 Global Connected Car Services Market Revenues, By Asset Tracking, 2016-2026F |
6.7 Global Connected Car Services Market Revenues, By Auto Parking/Connected Parking, 2016-2026F |
6.8 Global Connected Car Services Market Revenues, By Vehicle Management, 2016-2026F |
6.9 Global Connected Car Services Market Revenues, By Others, 2016-2026F |
7 Global Connected Car Services Market Overview, By Form Types |
7.1 Global Connected Car Services Market Revenues, By Embedded, 2016-2026F |
7.2 Global Connected Car Services Market Revenues, By Tethered, 2016-2026F |
7.3 Global Connected Car Services Market Revenues, By Integrated, 2016-2026F |
8 Global Connected Car Services Market Overview, By End Markets |
8.1 Global Connected Car Services Market Revenues, By OEM, 2016-2026F |
8.2 Global Connected Car Services Market Revenues, By After-Markets, 2016-2026F |
9 North America Connected Car Services Market Overview |
9.1 North America Connected Car Services Market Revenues, 2016-2026F |
9.2 North America Connected Car Services Market Revenues, By Services, 2016-2026F |
9.3 North America Connected Car Services Market Revenues, By Form Types, 2016-2026F |
9.4 North America Connected Car Services Market Revenues, By End Markets, 2016-2026F |
9.5 North America Connected Car Services Market Revenues, By Countries, 2016-2026F |
10 Europe Connected Car Services Market Overview |
10.1 Europe Connected Car Services Market Revenues, 2016-2026F |
10.2 Europe Connected Car Services Market Revenues, By Services, 2016-2026F |
10.3 Europe Connected Car Services Market Revenues, By Form Types, 2016-2026F |
10.4 Europe Connected Car Services Market Revenues, By End Markets, 2016-2026F |
10.5 Europe Connected Car Services Market Revenues, By Countries, 2016-2026F |
11 Asia Pacific Connected Car Services Market Overview |
11.1 Asia Pacific Connected Car Services Market Revenues, 2016-2026F |
11.2 Asia Pacific Connected Car Services Market Revenues, By Services, 2016-2026F |
11.3 Asia Pacific Connected Car Services Market Revenues, By Form Types, 2016-2026F |
11.4 Asia Pacific Connected Car Services Market Revenues, By End Markets, 2016-2026F |
11.5 Asia Pacific Connected Car Services Market Revenues, By Countries 2016-2026F |
12 Latin America Connected Car Services Market Overview |
12.1 Latin America Connected Car Services Market Revenues, 2016-2026F |
12.2 Latin America Connected Car Services Market Revenues, By Services, 2016-2026F |
12.3 Latin America Connected Car Services Market Revenues, By Form Types, 2016-2026F |
12.4 Latin America Connected Car Services Market Revenues, By End Markets, 2016-2026F |
12.5 Latin America Connected Car Services Market Revenues, By Countries, 2016-2026F |
13 The Middle East and Africa Connected Car Services Market Overview |
13.1 the Middle East and Africa Connected Car Services Market Revenues, 2016-2026F |
13.2 the Middle East and Africa Connected Car Services Market Revenues, By Services, 2016-2026F |
13.3 the Middle East and Africa Connected Car Services Market Revenues, By Form Types, 2016-2026F |
13.4 the Middle East and Africa Connected Car Services Market Revenues, By End Markets, 2016-2026F |
13.5 the Middle East and Africa Connected Car Services Market Revenues, By Countries, 2016-2026F |
14 Global Connected Car Services Market Key Performance Indicators |
15 Global Connected Car Services Market Opportunity Assessment |
15.1 Global Connected Car Services Market Opportunity Assessment, By Services, 2026F |
15.2 Global Connected Car Services Market Opportunity Assessment, By Form Types, 2026F |
15.3 Global Connected Car Services Market Opportunity Assessment, By End Markets, 2026F |
16 Global Connected Car Services Market Competitive Landscape |
16.1 Global Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.1 North America Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.2 Europe Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.3 Asia Pacific Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.4 Latin America Connected Car Services Market Revenue Share, By Companies, 2019 |
16.1.5 the Middle East and Africa Connected Car Services Market Revenue Share, By Companies, 2019 |
16.2 Global Connected Car Services Market Competitive Benchmarking, By Services |
17 Company Profiles |
18 Key Strategic Recommendations |
19 Disclaimer |