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Global Connected Car Market By Technology (3G, 4G/ LTE, 5G), By Services (Vehicle Management, Mobility Management, Others), By End User (OEMs, Aftermarket), By End-User, By Region–Forecast & Opportunities to 2026

Report Description

The connected car market was valued USD 62.0 billion in the year 2019. It is projected to grow at a CAGR of 18.1% over the forecast period.

However Covid19 has hit automotive market immensely. The vehicle production has decreased from 2019 to 2020. However, it was supposed to show growth. Raw material supply has been hampered due to which the production got delayed.


Connected car can be defined as a car which is equipped with advance technologies and sensors through which a driver can collect all the real time information while driving car. It is consist of internet which is connected to smart devices inside and outside the car. You can operate many features of car with connected devices. Connected car is capable of communicating with other car travelling on the same path. Connected cars exchange information about traffic, accidents and weather.

Market Dynamics (Drivers/Opportunities):

Connected car is offering advanced features which helps in ensuring safety of a driver. Connected car offers many advanced features and make user experience technologically advanced. This high safety features drive the market to witness growth over the forecast period.

Many Telecom industries are close to introduce 5G technology in the market. Introduction of 5G will enhance user experience as connected cars operate over internet. The regions such as EU and South Korea are working together on 5G development. They both have invested USD 782 million and USD 1.5 billion, respectively, for 5G projects. UK have funded USD 78 million for a 5G research facility, this facility is known as the 5G Innovation Centre (5GIC). With such upcoming technologies connected car market is expected to witness immense growth over the forecast period

Market Insights, by Technology

On the basis of technology, the market is segmented into 3G, 4G & 5G. 5G technologies is yet to introduced in the market but many region have already started working on 5G technology and it is expected to grow at a highest CAGR as it is expected to offer better connectivity to the consumer.

Market Insights, by Service

Based on services the market is segmented into safety, Entertainment, Well-being, driver assistance, vehicle management and Mobility management. External danger warnings for drivers, warning for severe weather and road conditions and warning for traffic situation along with the internal autonomous collision protection are the features offered by safety technologies. The safety systems segment was for accounted XX% revenue share in 2019 and it is projected to grow at a higher CAGR.

Market Insights, by End Use

Based on End use the market is segmented into original equipment manufacturer (OEMs) and Aftermarket. In 2019, OEM accounted for maximum share in connected car market. The OEMs has high demand of connected car. OEMs are required to provide advanced in-built technology to enhance its market presence. It is expected that the demand in this sector will increase during the forecast period. The OEM sector is expected to witness growth at highest CAGR during the forecast period.

Regional Insights

Based on region the market is divide into North America, South America, Asia-Pacific, Middle East & Africa and Europe. Out of all this regions North America is expected to dominate the market during forecast period. North America consists of technological giants such as Apple and Google which are very helpful in developing new technology for automobile connected car segments.

The connected car segment in Asia-Pacific was accounted for XX% share in 2019 and it is expected to register fast growth during the forecast period. It is expected to grow at a XX% CAGR over the period of 2020-2026.

Key Companies & Market Share Insights

There are many technological advancement have been registered in the recent years such as Volkswagen’s emergency assist and BMW’s parking  assistant which parks the vehicle even after exit of driver. Many other competitors are working on developing such great initiatives for the connected car market so that they can beat their competitors in this race.

The key players are BMW, Volkswagen, Delphi, Ford motors, General motors, continental AG, airbiquity Inc.,  Robert Bosch,  Tesla, Audi AG, AT&T,  Samsung electronics, Diamler AG, Telefonica and TomTom etc.

Segments Covered in the Report

This report forecasts The Connected Car Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the Connected Car market report on the basis of type, Vehicle type, and Technology:

Global Connected Car Market Size & Forecast (2017-2026)

    1. Research Framework
      • Market Definition and Product Overview
      • Market Segmentation
    2. Research Methodology
      • Qualitative Research
        • Primary & Secondary Sources
      • Quantitative Research
        • Primary & Secondary Sources
      • Breakdown of Primary Research Respondents, By Region
        • Secondary Research
        • Primary Research
      • Breakdown of Primary Research Respondents, By Industry Participants
        • Market Size Estimation
        • Assumption for the Study
        • Market Breakdown & Data Triangulation
    1. Executive Summary
      • Market Snapshot
    2. Industry Insights
      • Industry ecosystem analysis
        • ValueChain Analysis
      • Industry impact and forces
        • Growth Drivers
        • Challenges &Restraints
        • Opportunities
      • Disruptive Technological Analysis
      • Regulatory framework
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • South America
      • Growth potential analysis, 2019
      • Porter’s Five forces analysis
      • Pricing Analysis
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • South America
    1. COVID – Impact Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    2. Connected Car Market, By Technology, Market Size & Forecast To 2026

    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

    • Introduction
    • 3G
    • 4G/ LTE
    • 5G
    1. Connected Car Market, By Services, Market Size & Forecast To 2026

    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

    • Introduction
    • Safety
    • Entertainment
    • Well-Being
    • Driver Assistance
    • Vehicle Management
    • Mobility Management
    1. Connected Car Market, By End-User, Market Size & Forecast To 2026

    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

    • Introduction
    • OEMs
    • Aftermarket
    1. Connected Car Market, By Region, Market Size & Forecast To 2026

    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

    • Introduction
    • North America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Technology
      • BY Services
      • BY End-User
      • BY Country
        • USA
          • By Technology
        • Canada
        • Mexico
      • South America Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Technology
        • BY Services
        • BY End-User
        • BY Country
          • Brazil
            • By Technology
          • Argentina
          • Chile
          • Rest of South America
        • Europe Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Technology
          • By Services
          • BY End-User
          • BY Country
            • UK
              • By Technology
            • Germany
            • France
            • Italy
            • Rest of Europe
          • APAC Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Technology
            • BY Services
            • BY End-User
            • BY Country
              • China
                • By Technology
              • India
              • Japan
              • South Korea
              • Australia
              • Rest of APAC
            • Middle East & Africa Market Size & Forecast To 2026
              • Market Overview
              • COVID-19 Impact
              • By Technology
              • BY Service
              • BY End-Use
              • BY Country
                • Saudi Arabia
                  • By Technology
                • UAE
                • Qatar
                • Kuwait
                • South Africa
                • Rest of Middle East & Africa
    1. Competitive Landscaping
      • Competitive Benchmarking
        • Market Share Analysis, 2019
        • Global Presence and Growth Strategies
          • Mergers & Acquisitions
          • New Product Launches
          • Investments Trends
          • R&D Initiatives
    1. Company Profile
      • BMW
        • Company Overview
        • Financial Overview
        • Product Portfolio
        • Recent Developments
        • SWOT Analysis
        • Strategic Outlook
      • Audi AG
      • General Motors
      • Ford Motors
      • Delphi
      • Tesla
      • Toyota
      • Robert BOSCH
      • AT&T
      • TomTom
      • Continental AG
      • Airbiquity
      • Samsung AG
      • Diamler Inc
      • Telefonica
    2. Appendix
      • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista


1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:


1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.


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