Europe Connected Car Services Market (2024-2030) | Analysis, Size, Share, Revenue, Trends, Forecast, Growth, industry, Outlook

Europe Connected Car Services Market Highlights

Report Name	Europe Connected Car Services Market
Forecast Period	2024-2030
CAGR	10.2%
Growing Sector	Navigation

Topics Covered in Europe Connected Car Services Market Report

Europe 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.

Europe Connected Car Services Market Synopsis

The Europe Connected Car Services Market is experiencing robust growth, driven by the increasing integration of advanced connectivity solutions in vehicles. According to 6Wresearch, the Europe Connected Car Services Market is projected to grow at a CAGR of 10.2% from 2024-2030. The largest increase is taking place in the navigation segment - with growing need for real-time traffic & route optimization services. Moreover, the increase in use of autopilot and predictive diagnostics services is bolstering this market growth recountally. 

However, the market is also facing some difficulties like high costs for implementing and integrating AI technology into diagnostics process as well as issues pertaining to data privacy & cybersecurity. These can be problems that could bar the change in connected car services. Additionally, the complexity of integrating various connected services into a unified platform poses a significant technical challenge for service providers.

Europe Connected Car Services Market: Leading Players

Key players in the Europe Connected Car Services Market include Bosch, Continental, and Vodafone. Bosch is recognized for its innovative autopilot and predictive diagnostics solutions that enhance vehicle performance and safety. Continental provides a wide range of connected car services, including navigation and eCall & SOS assistance, known for their reliability and advanced features. Vodafone offers comprehensive on-road assistance and vehicle management services, which are highly valued by both OEMs and aftermarket customers.

Europe Connected Car Services Industry: Government Initiatives

European governments have introduced numerous initiatives to foster the growth of connected car services. These include stringent regulations mandating the incorporation of eCall systems in all new cars, thereby driving market demand. Efforts to develop smart transportation infrastructure and promote autonomous driving technologies are further propelling the market. Additionally, funding for research and development in connected vehicle technologies and policies aimed at enhancing data security and privacy are expected to support market growth. The emphasis on reducing road accidents and improving traffic management through connected car services is also a significant factor driving the market.

Future Insights of the Market

The Europe Connected Car Services Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements like IoT integration in connected car services. Growing inclination towards energy-efficient and smart vehicles, coupled with increasing demand for advanced connectivity features by tech-savvy consumers, is expected to influence the sales of connected car services. In addition to this, the navigation and autopilot segments will keep their importance high as more vehicles offer premium connectivity options. Moreover, growth opportunities are significant within the OEM segment as increasing preference for factory-fitted connected solutions among car manufacturers would lift up demand. In brief, growth will be driven by innovation and sustainability-oriented focus in the market.

Market Segmentation By Services

According to Ravi Bhandari, Research Head, 6Wresearch, navigation services are leading the market due to their crucial role in providing real-time traffic updates and route optimization, making them indispensable for both individual and fleet management applications.

Market Segmentation By Form Types

Embedded car services have established a wider connectivity, which easily and more conveniently connects with different form types as compared to other modes.

Market Segmentation By End Markets

It is driven by the high demand for factory fitted connectivity solutions on account of growing consumer inclination toward advanced in-car tech, making OEMs hold over a major chunk of its share.

Market Segmentation By Countries

The region is the largest due to its robust automotive industry in countries such as Germany, where several original equipment manufacturers (OEMs) have been working tirelessly towards introducing connected and autonomous vehicles on a large scale for quite some time

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:

• Europe Connected Car Services Market Overview
• Europe Connected Car Services Market Outlook
• Europe Connected Car Services Market Forecast
• Historical Data of Europe Connected Car Services Market Revenues, for the Period 2020-2030
• Europe Connected Car Services Market Size and Europe Connected Car Services Market Forecast of Revenues, Until 2030
• Historical Data of Europe Connected Car Services Market Revenues, By Services, for the Period 2020-2030
• Market Size & Forecast of Europe Connected Car Services Market Revenues, By Services, Until 2030
• Historical Data of Europe Connected Car Services Market Revenues, By Form Types, for the Period 2020-2030
• Market Size & Forecast of Europe Connected Car Services Market Revenues, By Form Types, Until 2030
• Historical Data of Europe Connected Car Services Market Revenues, By End Markets, for the Period 2020-2030
• Market Size & Forecast of Europe Connected Car Services Market Revenues, By End Markets, Until 2030
• Historical Data of Germany Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Germany Connected Car Services Market Revenues, Until 2030
• Historical Data of Italy Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Italy Connected Car Services Market Revenues, Until 2030
• Historical Data of France Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of France Connected Car Services Market Revenues, Until 2030
• Historical Data of United Kingdom Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of United Kingdom Connected Car Services Market Revenues, Until 2030
• Historical Data of the Rest of Europe Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of the Rest of Europe Connected Car Services Market Revenues, Until 2030
• Market Drivers and Restraints
• Europe Connected Car Services Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Connected Car Services Market Share, By Players
• Europe Connected Car Services Market Share, By Regions
• Europe 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

• Germany
• Italy
• France
• United Kingdom
• Rest of Europe