| Product Code: ETC7367572 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada saw a significant increase in connected car device import shipments, with the top exporting countries being the USA, Jamaica, Saint Lucia, Barbados, and Sweden. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 16.53%, indicating a strong and steady expansion of the market. Moreover, the growth rate from 2023 to 2024 spiked to 26.96%, highlighting a rapid acceleration in demand for connected car devices in Grenada.
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 Grenada Connected Car Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Connected Car Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Connected Car Devices Market - Industry Life Cycle |
3.4 Grenada Connected Car Devices Market - Porter's Five Forces |
3.5 Grenada Connected Car Devices Market Revenues & Volume Share, By End-user Type, 2021 & 2031F |
3.6 Grenada Connected Car Devices Market Revenues & Volume Share, By Communication Type, 2021 & 2031F |
3.7 Grenada Connected Car Devices Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Grenada Connected Car Devices Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Grenada Connected Car Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced safety features in vehicles |
4.2.2 Growing adoption of IoT technology in automotive sector |
4.2.3 Government regulations promoting connected car technology |
4.3 Market Restraints |
4.3.1 High initial costs associated with connected car devices |
4.3.2 Concerns over data privacy and cybersecurity |
4.3.3 Limited availability of high-speed internet connectivity in some regions |
5 Grenada Connected Car Devices Market Trends |
6 Grenada Connected Car Devices Market, By Types |
6.1 Grenada Connected Car Devices Market, By End-user Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Connected Car Devices Market Revenues & Volume, By End-user Type, 2021- 2031F |
6.1.3 Grenada Connected Car Devices Market Revenues & Volume, By OEM, 2021- 2031F |
6.1.4 Grenada Connected Car Devices Market Revenues & Volume, By Aftermarket, 2021- 2031F |
6.2 Grenada Connected Car Devices Market, By Communication Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Connected Car Devices Market Revenues & Volume, By V2V, 2021- 2031F |
6.2.3 Grenada Connected Car Devices Market Revenues & Volume, By V2I, 2021- 2031F |
6.2.4 Grenada Connected Car Devices Market Revenues & Volume, By V2P, 2021- 2031F |
6.3 Grenada Connected Car Devices Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Connected Car Devices Market Revenues & Volume, By Driver Assistance System, 2021- 2031F |
6.3.3 Grenada Connected Car Devices Market Revenues & Volume, By Telematics, 2021- 2031F |
6.4 Grenada Connected Car Devices Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Connected Car Devices Market Revenues & Volume, By IC Engine, 2021- 2031F |
6.4.3 Grenada Connected Car Devices Market Revenues & Volume, By Electric, 2021- 2031F |
6.4.4 Grenada Connected Car Devices Market Revenues & Volume, By Fuel Cell Vehicle, 2021- 2031F |
7 Grenada Connected Car Devices Market Import-Export Trade Statistics |
7.1 Grenada Connected Car Devices Market Export to Major Countries |
7.2 Grenada Connected Car Devices Market Imports from Major Countries |
8 Grenada Connected Car Devices Market Key Performance Indicators |
8.1 Average number of connected car devices per vehicle |
8.2 Percentage of vehicles equipped with connected car technology |
8.3 Rate of adoption of new connected car features |
8.4 Average data usage per connected car device |
8.5 Customer satisfaction levels with connected car services |
9 Grenada Connected Car Devices Market - Opportunity Assessment |
9.1 Grenada Connected Car Devices Market Opportunity Assessment, By End-user Type, 2021 & 2031F |
9.2 Grenada Connected Car Devices Market Opportunity Assessment, By Communication Type, 2021 & 2031F |
9.3 Grenada Connected Car Devices Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 Grenada Connected Car Devices Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Grenada Connected Car Devices Market - Competitive Landscape |
10.1 Grenada Connected Car Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Connected Car Devices 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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