Global Connected Car Market 2023-2027

Global Connected Car Market 2023-2027

Technavio has been monitoring the connected car market and is forecast to grow by $172767.39 mn during 2022-2027, accelerating at a CAGR of 27.36% during the forecast period. Our report on the connected car market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing internet penetration and its impact on the connected cars market, applications of blockchain technology in connected cars, and government regulations to increase in-vehicle safety and improvement in safety controls.

Technavio's connected car market is segmented as below:

By Connectivity

  • Embedded solutions
  • Integrated solutions
  • Tethered solutions
By End-user
  • OEM
  • Aftermarket
By Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the increasing number of vehicles launches featuring connected technologies as one of the prime reasons driving the connected car market growth during the next few years. Also, safety, mobility, and environmental benefits offered by connected cars and big data platform provided by connected cars to push further developments will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the connected car market covers the following areas:
  • Connected car market sizing
  • Connected car market forecast
  • Connected car market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading connected car market vendors that include Airbiquity Inc., Alps Alpine Co. Ltd., AT and T Inc., BMW AG, BorgWarner Inc., DXC Technology Co., Ford Motor Co., Intellias group, Mercedes Benz Group AG, NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Sierra Wireless Inc., Telefonica SA, Tesla Inc., Valeo SA, Volkswagen AG, and Zubie Inc. Also, the connected car market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Connectivity
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global connected car market 2017 - 2021
      • Table Historic Market Size – Data table on global connected car market 2017 - 2021 ($ million)
    • Connectivity Segment Analysis 2017 - 2021
      • Table Historic Market Size – Connectivity Segment 2017 - 2021 ($ million)
    • End-user Segment Analysis 2017 - 2021
      • Table Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Connectivity
    • Market segments
      • Table Chart on Connectivity - Market share 2022-2027 (%)
      • Table Data Table on Connectivity - Market share 2022-2027 (%)
    • Comparison by Connectivity
      • Table Chart on Comparison by Connectivity
      • Table Data Table on Comparison by Connectivity
    • Embedded solutions - Market size and forecast 2022- 2027
      • Table Chart on Embedded solutions - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Embedded solutions - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Embedded solutions - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Embedded solutions - Year-over-year growth 2022-2027 (%)
    • Integrated solutions - Market size and forecast 2022- 2027
      • Table Chart on Integrated solutions - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Integrated solutions - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Integrated solutions - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Integrated solutions - Year-over-year growth 2022-2027 (%)
    • Tethered solutions - Market size and forecast 2022-2027
      • Table Chart on Tethered solutions - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Tethered solutions - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Tethered solutions - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Tethered solutions - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Connectivity
      • Table Market opportunity by Connectivity ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2022-2027 (%)
      • Table Data Table on End-user - Market share 2022-2027 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • OEM - Market size and forecast 2022-2027
      • Table Chart on OEM - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on OEM - Market size and forecast 2022-2027 ($ million)
      • Table Chart on OEM - Year-over-year growth 2022-2027 (%)
      • Table Data Table on OEM - Year-over-year growth 2022-2027 (%)
    • Aftermarket - Market size and forecast 2022-2027
      • Table Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing internet penetration and its impact on the connected cars market
      • Applications of blockchain technology in connected cars
      • Government regulations to increase in-vehicle safety and improvement in safety controls
    • Market challenges
      • Design complexity and technological challenges
      • Short product life of connected car technologies owing to fast advances in passenger's smartphones
      • Data challenges associated with connected cars
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Increasing number of vehicle launches featuring connected technologies
      • Safety, mobility, and environmental benefits offered by connected cars
      • Big data platform provided by connected cars to push further developments
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Airbiquity Inc.
      • Table Airbiquity Inc. - Overview
      • Table Airbiquity Inc. - Product / Service
      • Table Airbiquity Inc. - Key offerings
    • Alps Alpine Co. Ltd.
      • Table Alps Alpine Co. Ltd. - Overview
      • Table Alps Alpine Co. Ltd. - Business segments
      • Table Alps Alpine Co. Ltd. - Key news
      • Table Alps Alpine Co. Ltd. - Key offerings
      • Table Alps Alpine Co. Ltd. - Segment focus
    • AT and T Inc.
      • Table AT and T Inc. - Overview
      • Table AT and T Inc. - Business segments
      • Table AT and T Inc. - Key news
      • Table AT and T Inc. - Key offerings
      • Table AT and T Inc. - Segment focus
    • BMW AG
      • Table BMW AG - Overview
      • Table BMW AG - Business segments
      • Table BMW AG - Key offerings
      • Table BMW AG - Segment focus
    • BorgWarner Inc.
      • Table BorgWarner Inc. - Overview
      • Table BorgWarner Inc. - Business segments
      • Table BorgWarner Inc. - Key news
      • Table BorgWarner Inc. - Key offerings
      • Table BorgWarner Inc. - Segment focus
    • DXC Technology Co.
      • Table DXC Technology Co. - Overview
      • Table DXC Technology Co. - Business segments
      • Table DXC Technology Co. - Key news
      • Table DXC Technology Co. - Key offerings
      • Table DXC Technology Co. - Segment focus
    • Ford Motor Co.
      • Table Ford Motor Co. - Overview
      • Table Ford Motor Co. - Business segments
      • Table Ford Motor Co. - Key news
      • Table Ford Motor Co. - Key offerings
      • Table Ford Motor Co. - Segment focus
    • Intellias group
      • Table Intellias group - Overview
      • Table Intellias group - Product / Service
      • Table Intellias group - Key offerings
    • Mercedes Benz Group AG
      • Table Mercedes Benz Group AG - Overview
      • Table Mercedes Benz Group AG - Business segments
      • Table Mercedes Benz Group AG - Key offerings
      • Table Mercedes Benz Group AG - Segment focus
    • NXP Semiconductors NV
      • Table NXP Semiconductors NV - Overview
      • Table NXP Semiconductors NV - Product / Service
      • Table NXP Semiconductors NV - Key news
      • Table NXP Semiconductors NV - Key offerings
    • Schaeffler AG
      • Table Schaeffler AG - Overview
      • Table Schaeffler AG - Business segments
      • Table Schaeffler AG - Key offerings
      • Table Schaeffler AG - Segment focus
    • Tesla Inc.
      • Table Tesla Inc. - Overview
      • Table Tesla Inc. - Business segments
      • Table Tesla Inc. - Key news
      • Table Tesla Inc. - Key offerings
      • Table Tesla Inc. - Segment focus
    • Valeo SA
      • Table Valeo SA - Overview
      • Table Valeo SA - Business segments
      • Table Valeo SA - Key news
      • Table Valeo SA - Key offerings
      • Table Valeo SA - Segment focus
    • Volkswagen AG
      • Table Volkswagen AG - Overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Key offerings
      • Table Volkswagen AG - Segment focus
    • Zubie Inc.
      • Table Zubie Inc. - Overview
      • Table Zubie Inc. - Product / Service
      • Table Zubie Inc. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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