Connected Car Market worth $212.7 billion by 2027
                     MarketsandMarkets 
Presents
Connected Car Market worth $212.7 
billion by 2027
https://
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-102580117.html
 
The report "Connected Car Market by Service (OTA Update, 
Navigation, Cybersecurity, Multimedia Streaming, Social Media, 
e-Call, Autopilot, Home Integration, & Others), Form, End Market 
(OE, Aftermarket), Network, Transponder, Hardware, and Region 
- Global Forecast to 2027" The global connected car market size is 
projected to reach USD 212.7 billion by 2027, from an estimated USD 
42.6 billion in 2019, at a CAGR of 22.3%.
Browse 148 Market Data Tables and 58 Figures spread 
through 213 Pages and in-depth TOC on "Connected Car Market”
The growth of the global connected car market is influenced by factors 
such as increasing trend of in-vehicle connectivity solutions and 
government initiatives toward developments in intelligent transportation 
systems. Therefore, the connected car market is expected to witness 
significant growth in the future.
The major players include Continental (Germany), Bosch (Germany), 
HARMAN (US), Airbiquity (US), and Visteon (US), among others.
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The autopilot market is expected to grow at the fastest CAGR.
The introduction of autopilot would minimize driver intervention. As 
autonomous technology nears Level 3 & above, it would help achieve 
the automaker’s goals of commercializing fully autonomous vehicles for 
consumers by 2022. For instance, the upcoming model of the Cadillac 
CT6 will be equipped with the semi-autonomous “Super Cruise” feature 
that will essentially allow fully autonomous single-lane travel on divided 
highways.
Similarly, Audi will also be including its Level 3 semi-autonomous 
technology in the upcoming model of the A8. Audi’s AI-based traffic jam 
pilot would enable highly automated driving at Level 3. With all the 
developments in autopilot or autonomous driving field, the demand for 
connected services related to autopilot is expected to rise in the coming 
future.
Embedded connectivity is expected to grow at the fastest CAGR 
in the global connected car market.
The growth in embedded technology is being driven by regulatory 
mandates in the EU, which recently mandated that all new car models in 
member states must have embedded technology as part of its European 
eCall system, connecting a vehicle to emergency services, following a 
collision and providing location and impact information. 
Similar mandates could be announced by other countries in the future. The 
growth of embedded form of connected solutions in the long term is 
attributed to various disruptive factors such as government mandates, cost 
optimization of service plans, and increase in cloud-based services. 
Asia Pacific is expected to lead the global connected car market 
during the forecast period.
One of the key drivers for the Asia Pacific market is the increased demand for 
infotainment and navigation services, particularly in China, Japan, India, and 
South Korea. The tech-savvy population in these countries demands a better 
and connected driving experience. The demand for connected cars in Asia 
Pacific is driven significantly by the strong economic growth, growing 
population, and rapid urbanization. As safety regulations have been made in 
Japan and South Korea, the connected car market in these countries is 
anticipated to increase in coming years.  
In 2017, the Chinese Ministry of Industry and Information Technology (MIIT) 
and the Standardization Administration of China (SAC) issued a draft to 
establish national standards for China’s Intelligent & Connected Vehicles 
(ICV). Due to the growing population and vehicle demand, China is expected 
to introduce vehicle and road safety regulations. Baidu and Alibaba, which 
are biggest technology companies in China are pushing to develop platforms 
for connected cars.
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Japanese automotive companies are also inventing and implementing 
connected car services and solutions. In 2019, Airbiquity announced that 
it became a member of the Japan Automotive Software Platform and 
Architecture (JASPAR), an organization dedicated to advancing the 
standardization of in-vehicle software and networks to enhance 
development efficiency and reliability.
Critical Questions:
• Many companies are operating in the connected car market space 
across the globe. Do you know who are the front leaders, and what 
strategies have been adopted by them?
• Fast-paced developments in connected car services such as home 
integration, autopilot, and vehicle management offered by leading 
services and solution providers are expected to change the dynamics 
of connected cars market. How will this transform the overall market?
• Which leading companies are working on the connected car services 
and hardware, and what organic and inorganic strategies have they 
adopted?
• Analysis of your competition that includes major players in the 
connected car ecosystem. 
• Discussion on your client’s imperatives based on our existing research 
on the connected car market and its ecosystems.
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