Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Connected Car Market Size to Reach USD 225.16 Billion by 2027 - Valuates Reports

This image opens in the lightbox

News provided by

Valuates Reports

04 Jun, 2020, 14:23 GMT

Share this article

Share toX

Share this article

Share toX

BANGALORE, India, June 4, 2020 /PRNewswire/ -- Connected cars are primarily vehicles that are equipped with internet access. They have an integrated wireless LAN, and are enabled to connect with entities both inside and outside the vehicle. Connected cars are designed to receive remote over-the-air ( OTA) software updates, and to transmit on-board systems and components diagnostic and operational data. By leveraging vehicle connectivity in this way, automakers can significantly reduce recall expenses , better infotainment and location aware services, improve cybersecurity response times, enhance product quality and operational efficiency, and deliver vehicle post-sale performance and feature improvements.

The global connected car market size in 2019 was estimated at USD 63.03 billion and is projected to hit USD 225.16 billion by 2027, with a 17.1 percent CAGR during the forecast period.

In general, factors such as advancements in technology, increased vehicle production, and increasing demand for luxury & comfort in vehicles are expected to increase the connected car market size. 

Get Free Sample Report: https://reports.valuates.com/request/sample/ALLI-Manu-3Z1/connected_car_market

TRENDS INFLUENCING THE CONNECTED CAR MARKET SIZE 

Car manufacturers and service providers have developed numerous networking solutions, such as the Machine-to-Machine (M2M) network. This M2M feature in a car enables interconnectivity between two connected cars. The car has numerous sensors and processors to provide the driver with accurate and real-time information. This feature is expected to increase the connected car market size.

'Connected Roads' is an important trend that disrupts the voluminous take-up of connected cars. Smart roads will allow cars to communicate with traffic lights, signals, and emergency service centers via the V2X platform (vehicles to everything). Integrated with the Machine-to-Machine (M2M) network for networking and telematics, it can send real-time alerts to motorists about traffic hurdles and emergency services in the event of road accidents. Thus, the increase in connected roads will, in turn, increase the connected car market size.

The integration of augmented reality, artificial intelligence, and ADAS (advanced driver-assistance system) enhance the potential of connected cars towards autonomous vehicles.

Connected car manufacturers are going beyond pure Internet connectivity to create a competitive market. Startups and automakers are incorporating computer vision and augmented reality (AR) apparatuses into the dashboard to enhance a supplementary layer of safety and personalization to the driving experience. This integration of AR and AI is expected to fuel the growth of the connected car market size.

Advanced infotainment devices with fast wireless network connections are a key factor that is projected to boost the connected car market size over the forecast period. 

Furthermore, stringent government policies for automotive safety standards and growing demand for convenient features such as multimedia streaming and remote diagnostics are key factors expected to drive the connected car market size. Connected cars can maintain a backup of where the vehicle is going, how many stops it has made, medical history, and occupant details due to vehicle telematics installation. 

Factors such as constantly improving vehicle standards and high maintenance costs of advanced suspension systems are anticipated to impede the growth of the connected car market

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-3Z1/connected-car

CONNECTED CAR MARKET SHARE ANALYSIS

The Asia Pacific and Europe are the major regions dominating the connected car market share. This dominance can be attributed to various government vehicle safety regulations. In addition, ongoing R&D, network, and service provider partnerships with automotive companies in these regions are expected to accelerate the development of the connected car market during the forecast period.

It is anticipated that demand for the connected car market will grow at the highest rate in North America, especially the US, due to the increased consumer demand for advanced connected car services and the availability of smart infrastructure. Prevailing advanced traffic management and mobility management infrastructure provide compatibility for North America 's sophisticated connected car market adaptation.

Inquire for Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-3Z1/connected_car_market

Key Market Players

  • Airbiquity Inc.
  • CloudMade
  • Continental AG
  • Intellias Ltd.
  • LUXOFT
  • Qualcomm Technologies, Inc.
  • Robert Bosch GmbH
  • Sierra Wireless
  • Tesla
  • ZUBIE, INC.
  • AT&T
  • Audi AG
  • BMW Group
  • Daimler AG
  • Ford Motor Company
  • Samsung Electronics
  • Telefonica S.A.
  • TomTom International
  • Verizon Communications
  • Vodafone Group Plc

By Technology

  • 2G
  • 3G
  • 4G/LTE

By Connectivity Solutions

  • Integrated
  • Embedded
  • Tethered

By Services

  • Driver Assistance
  • Safety
  • Entertainment
  • Well-being
  • Vehicle Management
  • Mobility Management

By End Market

  • OEM
  • Aftermarket

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3Z1&lic=single-user

Buy Now for Enterprise License: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3Z1&lic=enterprise-license

SIMILAR REPORTS :

  • Connected Car Device Market

The global connected car device market size is projected at USD 28.920 Billion in 2020 to cross USD 54.070 Billion by the end of 2026, at a CAGR of 9.2 percent in 2021-2026.

The growth of Connected Car Device Market size can be attributed to the technological advances and the growing demand for the integration of intelligent features in vehicles. In addition, major corporations are expecting massive developments in connected car technology to assist the worldwide demand for connected car systems in the coming years.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-31T1178/global-connected-car-device

  • Connected Car Softwares Market

This report focuses on the status of global Connected Car Softwares market size, future forecasts, opportunities for growth, key market and key players. The goals of the study are to present the development of Connected Car Softwares in North America , Europe, China , Japan, Southeast Asia , India and Central & South America.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-4F1324/global-connected-car-softwares

  • Automotive Connected Car Platform Market

This report explores the Automotive Connected Car Platform market size, focusing in particular on key regions such as the United States, the European Union, China, and other regions (Japan, Korea, India, and Southeast Asia). This study also presents the production, revenue, market share, and growth rate of the Automotive Connected Car Platform for each key enterprise, as well as the breakdown data (production, consumption, revenue, and market share) by region, type, and application. 

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-32Z258/global-united-states-european-union-and-china-automotive-connected-car-platform

  • Connected Car Safety Solutions Market

Connected Car Safety Solutions help to send real-time crash information to emergency first responders to improve outcomes and provide emergency services to passengers with a direct lifeline.

The focus of this report is on the global status of Connected Car Safety Solutions market size, future forecast, growth opportunity, key market, and key players. The objective of the study is to present the development of Connected Car Safety Solutions in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-4V2465/global-connected-car-safety-solutions

  • Connected Car Mobility Solutions Market

Vehicles are increasingly linked to the digital world. As car designers develop ways of transmitting big data, vehicle antennas are becoming even more critical than they already are. This leads to two critical needs for the future vehicle: seamless connectivity that shares high-volume data both inside and outside the vehicle, and a clean design that makes antenna technology invisible to end-users. This increasing need for a well-connected infrastructure inside the car is fueling the growth of Connected Car Mobility Solutions Market size.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-0X2557/global-connected-car-mobility-solutions

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:
Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com 
Twitter - https://twitter.com/valuatesreports 
Linkedin - https://in.linkedin.com/company/valuatesreports 
Facebook - https://www.facebook.com/valuatesreports

Logo : https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

Modal title

Also from this source

AI Agent Market to Reach USD 15.1 Billion by 2031, Growing at 60.3% CAGR | Valuates Reports

AI Agent Market to Reach USD 15.1 Billion by 2031, Growing at 60.3% CAGR | Valuates Reports

AI Agent Software Market is Segmented by Type (L3, L4, L5), by Application (Commercial, Individual). The AI Agent Software Market was valued at USD...

Generative Engine Optimization (GEO) Services Market to Hit $7.3B by 2031, Growing at 34% CAGR | Valuates Reports

Generative Engine Optimization (GEO) Services Market to Hit $7.3B by 2031, Growing at 34% CAGR | Valuates Reports

Generative Engine Optimization (GEO) Services Market is Segmented by Type (Structural Optimization, Language Optimization, Authority Signaling,...

More Releases From This Source

Explore

Automotive

Automotive

Transportation, Trucking & Railroad

Transportation, Trucking & Railroad

Internet Technology

Internet Technology

Telecommunications Industry

Telecommunications Industry

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.