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

Global Connected Car Services Market Highlights

Report Name	Global Connected Car Services Market
Forecast Period	2024-2030
CAGR	13.2%
Growing Sector	OEM

Topics Covered in Global Connected Car Services Market Report

Global Connected Car Services Market report thoroughly covers the market by Services, Form Types, End Markets, and Regions. 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.

Global Connected Car Services Market Synopsis

The Global Connected Car Services Market is witnessing significant growth, driven by the increasing adoption of advanced automotive technologies and demand for enhanced vehicle safety and convenience features.

According to 6Wresearch, the Global Connected Car Services Market is projected to grow at a CAGR of 13.2% from 2024-2030. The OEM sector is the fastest growing, propelled by advancements in vehicle connectivity and autonomous driving technologies. Increasing consumer preference for connected services such as autopilot, navigation, and predictive diagnostics is driving market expansion. Additionally, regulatory mandates for vehicle safety and the integration of eCall and SOS assistance systems are boosting market growth.

However, the market faces challenges including data privacy concerns and high implementation costs of connected car technologies. Additionally, the lack of standardized regulations across different regions poses a barrier to market growth, affecting the seamless integration of these services globally.

Global Connected Car Services Market: Leading Players

Key players in the Global Connected Car Services Market include Bosch, Continental, and Harman. Bosch is known for its innovative connected mobility solutions that enhance vehicle safety and performance. Continental offers a comprehensive range of connected car services, including navigation and vehicle management. Harman provides advanced infotainment systems and connected car solutions that improve the driving experience.

Global Connected Car Services Industry: Government Initiatives

Governments worldwide are implementing various initiatives to support the connected car services market. These include regulations mandating the installation of eCall systems in vehicles and promoting the development of smart transportation infrastructure. Efforts to enhance road safety through connected vehicle technologies are also being prioritized. Furthermore, investments in 5G infrastructure are expected to support the growth of connected car services by enabling faster and more reliable communication between vehicles and infrastructure.

Future Insights of the Market

The Global Connected Car Services Market is anticipated to witness substantial growth over the next five years. Market growth is expected to be driven by technological advancements such as IoT integration in connected car services. The increasing demand for energy-efficient and smart vehicle management solutions is expected to influence the sales of connected car models. In addition, the automotive industry will continue to prioritize innovations in autonomous driving and safety features, maintaining high importance in the market. Moreover, significant growth opportunities exist within the OEM sector as increasing preference for high-end connected car services among consumers would boost 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, autopilot and navigation services are leading the market due to their widespread adoption in enhancing driver convenience and vehicle safety.

Market Segmentation by Form Types

Embedded systems are gaining significant traction because of their reliability and integration with vehicle architecture, making them a preferred choice for OEMs.

Market Segmentation by End Markets

The OEM sector holds the largest share due to continuous improvements in vehicle connectivity and autonomous driving technologies, enhancing overall driving experience and safety.

Market Segmentation by Regions

North America is the leading region owing to its advanced automotive industry and high adoption of connected car services across various vehicle segments.

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:

• Global Connected Car Services Market Overview
• Global Connected Car Services Market Outlook
• Global Connected Car Services Market Forecast
• Historical Data of Global Connected Car Services Market Revenues, for the Period 2020-2030
• Global Connected Car Services Market Size and Global Connected Car Services Market Forecast of Revenues, Until 2030
• Historical Data of Global Connected Car Services Market Revenues, By Services, for the Period 2020-2030
• Market Size & Forecast of Global 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 Global 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 Global Connected Car Services Market Revenues, By End Markets, Until 2030
• Historical Data of North America Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of North America Connected Car Services Market Revenues, Until 2030
• Historical Data of Europe Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Europe Connected Car Services Market Revenues, Until 2030
• Historical Data of Asia-Pacific Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Asia-Pacific Connected Car Services Market Revenues, Until 2030
• Historical Data of Latin America Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Latin America Connected Car Services Market Revenues, Until 2030
• Historical Data of the Middle East and Africa Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of the Middle East and Africa Connected Car Services Market Revenues, Until 2030
• Market Drivers and Restraints
• Global Connected Car Services Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Connected Car Services Market Share, By Players
• Global Connected Car Services Market Share, By Regions
• Global 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 Regions

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa