Asia Pacific (APAC) Connected Car Services Market (2024-2030) | Companies, Value, Outlook, Growth, Trends, Industry, Forecast, Share, COVID-19 IMPACT, Revenue, Size & Analysis

Asia Pacific (APAC) Connected Car Services Market Highlights

Report Name	Asia Pacific (APAC) Connected Car Services Market
Forecast Period	2024-2030
CAGR	8.7%
Growing Sector	OEM

Topics Covered in Asia Pacific (APAC) Connected Car Services Market Report

The Asia Pacific (APAC) Connected Car Services Market report thoroughly covers the market by Services, Form Types, End Markets, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Asia Pacific (APAC) Connected Car Services Market Synopsis

The APAC Connected Car Services Market is witnessing robust growth, primarily driven by the increasing integration of advanced technologies in vehicles and rising consumer demand for enhanced connectivity and safety features. 

According to 6Wresearch, the APAC Connected Car Services Market is projected to grow at a CAGR of 8.7% from 2024-2030. OEM is the larger sector in which due to increasing collaboration between automakers and connectivity solution providers resulting into manufacturers deploying connected car technologies to drive safety, navigation & user experience within vehicles are valuing this technology. Moreover, rising imposition of governmental regulations for installing safety and emergency equipment in the vehicles is driving market.

However, the market faces challenges such as high costs associated with connected car technologies and concerns over data privacy and security. The need for substantial investments in infrastructure to support connected services also poses a barrier to market growth. Additionally, the slow adoption rate in some developing countries due to economic constraints and limited awareness can impact market expansion.

Asia Pacific (APAC) Connected Car Services Market: Leading Players

Leading players in the APAC Connected Car Services Market include Bosch, Continental, Denso, and Harman. Bosch is renowned for its comprehensive range of connected mobility solutions that enhance safety and comfort. Continental offers advanced telematics and connectivity services that cater to the evolving needs of automakers and consumers. Denso provides innovative connected car technologies that improve vehicle performance and safety. Harman is known for its cutting-edge infotainment systems and connected car solutions that deliver a superior driving experience.

Asia Pacific (APAC) Connected Car Services Industry: Government Initiatives

Governments across the APAC region are actively supporting the growth of connected car services through various initiatives. Policies aimed at enhancing road safety, reducing traffic congestion, and promoting the adoption of electric vehicles are driving the demand for connected car technologies. Furthermore, investments in smart city projects and infrastructure development are creating favorable conditions for the expansion of connected car services. Regulatory frameworks mandating the inclusion of safety and emergency features in vehicles are also contributing to market growth. Additionally, governments are offering incentives and subsidies to encourage the adoption of advanced automotive technologies.

Future Insights of the Market

The APAC Connected Car Services Market is poised for significant growth over the next five years. Further advancements in connected car services such as IoT and AI integration is expected to bolster market growth. Also grow demand of connected car technologies with rising inclination towards autonomous and semi-autonomous driving solutions. In addition to this, increasing traction towards energy-efficient and sustainable automotive solutions will continue underpinning the sales of environment-friendly connected car variants. More consumers are predicted to upgrade their existing cars with connected car technologies, which should result in growth of the aftermarket segment as well. In summary, the market's growth trajectory will be shaped by innovation and a sustainability-oriented approach.

Market Segmentation By Services

According to Ravi Bhandari, Research Head, 6Wresearch, Autopilot services are gaining traction due to their ability to enhance driving safety and efficiency, making them popular among both OEMs and aftermarket consumers.

Market Segmentation By Form Types

By ensuring robustness, and integration with the Vehicle systems they are greatly expanding the user experience which is driving their lead in embedded form types.

Market Segmentation By End Markets

Increasing integration of connected car technologies in new vehicles to enhance safety, navigation and user convenience is one of the major factors that contribute OEM segment dominates the market.

Market Segmentation By Countries

China leads the market with significant support from its automotive sector, sophisticated technology infrastructure and favorable government policies to promote deployment of connected car services.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Asia Pacific Connected Car Services Market Overview
• Asia Pacific Connected Car Services Market Outlook
• Asia Pacific Connected Car Services Market Forecast
• Historical Data of Asia Pacific Connected Car Services Market Revenues, for the Period 2020-2030
• Asia Pacific Connected Car Services Market Size and the Asia Pacific Connected Car Services Market Forecast of Revenues, Until 2030
• Historical Data of Asia Pacific Connected Car Services Market Revenues, By Services, for the Period 2020-2030
• Market Size & Forecast of Asia Pacific Connected Car Services Market Revenues, By Services, Until 2030
• Historical Data of Connected Car Services Market Revenues, By Form Types, for the Period 2020-2030
• Market Size & Forecast of Asia Pacific Connected Car Services Market Revenues, By Form Types, Until 2030
• Historical Data of Connected Car Services Market Revenues, By End Markets, for the Period 2020-2030
• Market Size & Forecast of Asia Pacific Connected Car Services Market Revenues, By End Markets, Until 2030
• Historical Data of India Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of India Connected Car Services Market Revenues, Until 2030
• Historical Data of China Connected Car Services Market Revenues, for the Period 2016-201
• Market Size & Forecast of China Connected Car Services Market Revenues, Until 2030
• Historical Data of Japan Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Japan Connected Car Services Market Revenues, Until 2030
• Historical Data of Australia Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Australia Connected Car Services Market Revenues, Until 2030
• Historical Data of Indonesia Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Indonesia Connected Car Services Market Revenues, Until 2030
• Historical Data of Malaysia Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Malaysia Connected Car Services Market Revenues, Until 2030
• Historical Data of Thailand Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Thailand Connected Car Services Market Revenues, Until 2030
• Historical Data of Rest of Asia Pacific Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Rest of Asia Pacific Connected Car Services Market Revenues, Until 2030
• Market Drivers and Restraints
• Asia Pacific Connected Car Services Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Connected Car Services Market Share, By Players
• Asia Pacific Connected Car Services Market Share, By Regions
• Asia Pacific Connected Car Services Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Services

• Autopilot
• Navigation
• ECall & SOS Assistance
• Predictive Diagnostics
• On-Road Assistance
• Asset Tracking
• Auto Parking/Connected Parking
• Vehicle Management
• Others

By Form Types

• Embedded
• Tethered
• Integrated

By End Markets

• OEM
• Aftermarket

By Countries

• India
• China
• Japan
• Australia
• Indonesia
• Malaysia
• Thailand
• Rest Of Asia Pacific