Vehicles with internet connectivity and the capacity to interface with other equipment networks and services are called connected cars
Global Connected Car M2M Connections and Services
Market Report
2024
Connected Car M2M Connections and Services Market Size in 2023 will be USD 24.87 Billion with growing at CAGR of 11.57% within the forecast period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Connected Car M2M Connections and Services Market Report 2024.
The Global Connected Car M2M Connections and Services Market Size in 2023 will be USD 24.87 Billion with growing at CAGR of 11.57% within the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Connected Car M2M Connections and Services Market Sales Revenue 2023 | $ 24.87 Billion |
Global Connected Car M2M Connections and Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.57% |
Market Split by Product Types |
|
Market Split by Application |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Connected Car M2M Connections and Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Connected Car M2M Connections and Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Vehicles with internet connectivity and the capacity to interface with other equipment, networks, and services are called connected cars. This connectivity allows functions and services that improve safety and the driving experience and provide entertainment. At the heart of this technology are M2M connections, which let cars talk to each other with the infrastructure and the cloud. Huge volumes of data on driving patterns, auto diagnostics, and ambient factors are produced by connected cars. Automakers and service providers can utilize this information to analyze vehicle performance, pinpoint maintenance issues, and create more specialized services.
These improvements make it possible for businesses to offer more tailored products and services, which drives the growth of the market for connected car M2M connections and services.
For instance, Payment24, a top fuel management and payment solutions provider, introduced a smart refueling solution for connected cars with biometric characteristics in June 2021. The module permits automated fuel approval and payment withdrawal as the registered car approaches the fueling station. The service is expected to significantly lower fuel fraud and waste.
A rise in worldwide car sales directly and significantly impacts the growth of the connected car M2M connections and services market. The market opportunity for connected services and solutions will grow as more automobiles with connected technologies are sold. The number of cars that can be outfitted with connected technology is increasing due to rising car sales. This increases the market for connected car services like entertainment, navigation, safety features, remote diagnostics, and more.
By 2040, there will be a huge increase in EV sales, from around 2 million in 2020 to about 73 million. Meanwhile, it's predicted that EV sales will increase from 2% of all automobile sales to 61% during that time. In many developed nations, the percentage of EV sales is expected to reach considerably over 80%.
New automobile purchasers want their vehicles to be outfitted with the newest technology as they acclimate to digital lifestyles. This covers functions like remote control, smartphone integration, and the availability of several connected services. Owners of older automobiles may upgrade them with aftermarket connected car technologies in addition to purchasing new cars. This is especially true as more people become aware of these services and look for ways to improve the capabilities of their current automobiles.
The connected cars M2M connections and services industry may experience slow growth due to the high cost of connected car systems and the possibility of system breakdowns. Developing and integrating hardware, software, sensors, and communication technologies are only a few costs associated with implementing connected car systems. The cost of manufacturing connected automobiles, as well as the availability of affordable aftermarket upgrades for pre-existing vehicles, may be impacted by these costs. Particularly in price-sensitive areas, the hefty initial expenses may discourage some buyers from utilizing connected automobile capabilities.
The COVID-19 pandemic had a major impact on several industries, including the car industry and the market for M2M connections and services for connected cars. The epidemic hampered global supply chains, lacking the resources needed for connected automobile technologies, including electrical components. This might have impacted the development and use of connected car systems. The pandemic spurred the adoption of digital technologies in various sectors of the economy. This might have facilitated a quicker adoption of connected car solutions in several facets of people's lives, including contactless payments, online reservations, and remote control of vehicle features.
We have various report editions of Connected Car M2M Connections and Services Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The global connected car M2M connections and services research report provides a complete competition landscape to provide readers with a thorough market overview. This research section offers in-depth information on major market participants based on several criteria, including company profile, portfolio analysis, business strategies, financial performance, regional presence, and recent developments. Information on the crucial tactics the biggest market participants used will also be included.
May 2022: LEVC (London Electric Vehicle Company) announced a new agreement with Geotab, the world leader in IoT and connected transportation, to provide cutting-edge fleet management technologies on its class-leading electric TX taxi and VN5 van.
(Source:www.geotab.com/uk/press-release/levc/)
February 2021: Ford Motors and Google agreed to a strategic alliance to create connected car service applications. The connected car business at Ford Motors is improved by this partnership.
Top Companies Market Share in Connected Car M2M Connections and Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America represented a significant market share. The rollout of 5G networks was anticipated to have a big influence on the connected car market in North America. To enable real-time data sharing between vehicles, infrastructure, and backend systems, 5G delivers quicker and more dependable connections. This facilitates cutting-edge functions like better navigation, V2X (vehicle-to-everything) connection, and more engaging infotainment experiences. Over-the-air (OTA) updates have become a crucial component of connected car services in North America. Automakers used OTA technology to remotely update the vehicle software, correct defects, and add new features to eliminate the need for in-person dealership visits.
Connected cars helped control traffic, ease congestion, and improve general urban mobility in the United States, leading to the development of smart cities. Integrating connected vehicles with smart city infrastructure made collaboration between the automotive and technology sectors possible. The changing connected automobile scene in the United States presented partnership prospects between automakers, tech firms, and start-ups. Innovative ideas may develop and be adopted more quickly through collaborative efforts.
The Asia-Pacific region offers a strong basis for connected car services due to the widespread use of smartphones and high mobile connectivity rates. A key factor is the seamless integration of mobile devices and cars. Regional regulatory agencies are introducing regulations and standards for car safety and emissions. Automakers can comply with these rules and lessen their environmental impact using connected car technologies. More customers are looking for environmentally friendly transit solutions as environmental concerns increase. Electric and hybrid connected cars, in particular, offer a more environmentally friendly option.
The current report Scope analyzes Connected Car M2M Connections and Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Connected Car M2M Connections and Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Connected Car M2M Connections and Services Industry growth. Connected Car M2M Connections and Services market has been segmented with the help of its Product Types, Application , and others. Connected Car M2M Connections and Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the integrated solutions category is anticipated to dominate the connected car M2M connections and services market. Integrated vehicle connectivity solutions to establish a smooth and complete connected car environment, M2M connections and services combine various technologies, software platforms, and services. These solutions provide various advantages for car owners, manufacturers, service providers, and other stakeholders, allowing vehicles to connect, backend systems, and infrastructure.
Tethered solutions category is expected to be the fastest-growing connected car M2M connections and services market segment. Tethered solutions can offer cellular modem-connected in-car Wi-Fi hotspots by connecting them to the car's system. As a result, passengers can use the vehicle's network to connect their gadgets to the internet.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Connected Car M2M Connections and Services Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the infotainment category is expected to dominate the connected car M2M connections and services market. The automotive industry has changed, especially in infotainment, due to connected car M2M connections and services. Vehicles can communicate with infrastructure, backend systems, and other vehicles using M2M technology to deliver various services and functionality. Connected automobile infotainment systems may provide real-time traffic updates and navigation.
The vehicle management category is expected to be the fastest-growing connected car M2M connections and services market segment. Due to their ability to provide real-time communication between vehicles and backend systems, connected car M2M connections and services are essential for vehicle management. The monitoring, regulation, and optimization of different areas of vehicle management are all made possible due to this communication.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Connected Car M2M Connections and Services Market is witnessing significant growth in the near future.
In 2023, the Integrated Solutions segment accounted for noticeable share of global Connected Car M2M Connections and Services Market and is projected to experience significant growth in the near future.
The Infotainment segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Harman International , Audi and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Types | Integrated Solutions, Tethered Solutions |
Application | Infotainment, Driver Assistance, Vehicle Management, On-Drive Management, Others |
List of Competitors | Harman International, Intel, Audi, Bosch, Bell Mobility, Delphi Automotive, Autonet Mobile, AT&T, Tech Mahindra, Ericsson, Broadcom, Mercedes-Benz, Alcatel-Lucent, NXP Semiconductors, HERE, Apple, Daimler, BMW, Toyota, Aeris, Axway, PSA Peugeot Citroen, Verizon Telematics, Hyundai Motors, CalAmp, Volkswagen, Ford Motor Company, Wipro, Gemalto, Sierra Wireless, Qualcomm, Google, IBM, Alpine Electronics, Airbiquity, General Motors |
This chapter will help you gain GLOBAL Market Analysis of Connected Car M2M Connections and Services. Further deep in this chapter, you will be able to review Global Connected Car M2M Connections and Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Types Analysis 2019 -2031, will provide market size split by Product Types. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Types Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Connected Car M2M Connections and Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Integrated Solutions have a significant impact on Connected Car M2M Connections and Services market? |
What are the key factors affecting the Integrated Solutions and Tethered Solutions of Connected Car M2M Connections and Services Market? |
What is the CAGR/Growth Rate of Infotainment during the forecast period? |
By type, which segment accounted for largest share of the global Connected Car M2M Connections and Services Market? |
Which region is expected to dominate the global Connected Car M2M Connections and Services Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Vehicles with internet connectivity and the capacity to interface with other equipment networks and services are called connected cars
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Connected Car M2M Connections and Services Market
Request Sample