Connected Car Mobility Solutions Market, By Connectivity Type, By Service Type, By Vehicle Type, By Component, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Harman International Industries, Incorporated(a Samsung Company)
Intel Corporation
Panasonic Corporation
Qualcomm Incorporated
Robert Bosch GmbH
Telefonaktiebolaget LM Ericsson
TomTom NV
Verizon Communications Inc.
Vodafone Group Plc
Others
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REPORT HIGHLIGHT
Connected Car Mobility Solutions Market size was valued at USD 26,324.12 Million in 2023, expanding at a CAGR of 15.5% from 2024 to 2032.
The Connected Car Mobility Solutions Market refers to the ecosystem of technologies and services that enable vehicles to communicate with each other, infrastructure, and external platforms, enhancing safety, efficiency, and user experience. Recent trends in the market include the rise of connected vehicle platforms integrating advanced telematics, infotainment, and navigation systems, as well as the emergence of autonomous driving features. However, the market faces restraints such as concerns regarding data privacy and cybersecurity and regulatory challenges related to standardization and interoperability. Nonetheless, opportunities abound with the growing demand for connected services, including predictive maintenance, remote diagnostics, and personalized in-car experiences, driven by increasing consumer expectations for seamless connectivity and convenience.
Connected Car Mobility Solutions Market- Market Dynamics
Rising demand for enhanced user comfort, safety, and convenience fuels the adoption of connected car mobility solutions
The escalating demand for heightened user comfort, safety, and convenience is a pivotal catalyst driving the widespread adoption of Connected Car Mobility Solutions, as evidenced by recent data from industry sources. National Highway Traffic Safety Administration (NHTSA), indicating that connected vehicle technologies have the potential to reduce traffic accidents by up to 80% significantly. Moreover, According to the European Automobile Manufacturers' Association (ACEA), approximately 90% of new passenger cars sold in the European Union are expected to be equipped with connected features by 2025, reflecting a notable shift towards connected mobility solutions. These statistics underscore the increasing consumer preference for vehicles with advanced connectivity features, driving innovation and investment in the Connected Car Mobility Solutions market.
Connected Car Mobility Solutions Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 15.5% over the forecast period (2024-2032)
Based on Connectivity Type segmentation, Cellular Connectivity was predicted to show maximum market share in the year 2023
Based on Service Type segmentation, Telematics Services was the leading type in 2023
Based on Vehicle Type segmentation, Passenger Cars was the leading type in 2023
Based on Component segmentation, Software was the leading type in 2023
Based on Application segmentation, Fleet Management was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
Connected Car Mobility Solutions Market- Segmentation Analysis:
The Global Connected Car Mobility Solutions Market is segmented based on Connectivity Type, Service Type, Vehicle Type, Component, Application, and Region.
The market is divided into six categories based on Connectivity: Cellular enables continuous vehicle communication, Wi-Fi allows in-car internet access, Bluetooth facilitates wireless connections, V2V enhances real-time data exchange, V2I communicates with roadside infrastructure, and V2X ensures comprehensive vehicle-to-everything communication for safety and efficiency.
The market is divided into seven categories based on Service Type: Connected car mobility services span: Infotainment for entertainment, Telematics for performance insights, Navigation for real-time route planning, Safety and Security for emergency assistance, Remote Diagnostics for proactive maintenance, Driver Assistance for safety features, and Vehicle Management for fleet optimization.
Connected Car Mobility Solutions Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America leads in technological advancements and adoption, driven by strong consumer demand for connected features. Europe follows closely, with a focus on regulatory frameworks and infrastructure development. The Asia-Pacific region shows significant growth potential, fueled by increasing urbanization and rising disposable incomes. Emerging markets in Latin America and Africa exhibit growing interest, spurred by improving connectivity infrastructure and evolving consumer preferences.
Connected Car Mobility Solutions Market- Competitive Landscape:
Established automotive manufacturers like BMW, Ford, and Toyota leverage their brand reputation and R&D capabilities to offer integrated connected solutions. Technology giants such as Google, Apple, and Qualcomm bring expertise in software development and connectivity technologies, shaping industry standards and user experiences. Emerging startups and niche players focus on specialized solutions, contributing to market diversity and innovation. Partnerships between automakers, tech companies, and telecom providers further drive market growth and service expansion.
Recent Developments:
In March 2024, Harman launched the Harman Ready Connect 5G Telematics Control Unit (TCU), leveraging new Snapdragon Digital Chasis connected car technologies from Qualcomm Technologies Inc. to push connectivity boundaries and democratize the automotive connectivity landscape.
In February 2022, HARMAN launched HARMAN Savari MECWAVE, a solution for Vehicle-to-Everything (V2X) communications. It facilitates quick deployment of features like hazard alarms and high-throughput networking experiences such as interactive infotainment and video streaming.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CONNECTED CAR MOBILITY SOLUTIONS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Aptiv PLC
AT&T Inc.
Cisco Systems, Inc.
Continental AG
Delphi Technologies PLC
Denso Corporation
Harman International Industries, Incorporated (a Samsung Company)
Intel Corporation
Panasonic Corporation
Qualcomm Incorporated
Robert Bosch GmbH
Telefonaktiebolaget LM Ericsson
TomTom N.V.
Verizon Communications Inc.
Vodafone Group Plc
Others
GLOBAL CONNECTED CAR MOBILITY SOLUTIONS MARKET, BY CONNECTIVITY TYPE- MARKET ANALYSIS, 2019 - 2032
Cellular Connectivity
Wi-Fi Connectivity
Bluetooth Connectivity
Vehicle-to-Vehicle (V2V) Connectivity
Vehicle-to-Infrastructure (V2I) Connectivity
Vehicle-to-Everything (V2X) Connectivity
GLOBAL CONNECTED CAR MOBILITY SOLUTIONS MARKET, BY SERVICE TYPE- MARKET ANALYSIS, 2019 - 2032
Infotainment Services
Telematics Services
Navigation Services
Safety and Security Services
Remote Diagnostics Services
Driver Assistance Services
Vehicle Management Services
GLOBAL CONNECTED CAR MOBILITY SOLUTIONS MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032
Passenger Cars
Commercial Vehicles
Electric Vehicles (EVs)
Autonomous Vehicles (AVs)
GLOBAL CONNECTED CAR MOBILITY SOLUTIONS MARKET, BY COMPONENT- MARKET ANALYSIS, 2019 - 2032
Hardware
Connectivity Modules
Telematics Units
Human-Machine Interface (HMI)
Others
Software
Connected Car Platforms
Mobile Applications
Cloud Services
Analytics and AI Solutions
Others
GLOBAL CONNECTED CAR MOBILITY SOLUTIONS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Fleet Management
Usage-Based Insurance (UBI)
Vehicle Sharing/Rental Services
Ride-Hailing Services
Parking Management
Traffic Management
GLOBAL CONNECTED CAR MOBILITY SOLUTIONS MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1.Connected Car Mobility Solutions Market Overview
1.1.Study Scope
1.2.Market Estimation Years
2.Executive Summary
2.1.Market Snippet
2.1.1.Connected Car Mobility Solutions Market Snippet by Connectivity Type
2.1.2.Connected Car Mobility Solutions Market Snippet by Service Type
2.1.3.Connected Car Mobility Solutions Market Snippet by Vehicle Type
2.1.4.Connected Car Mobility Solutions Market Snippet by Component
2.1.5.Connected Car Mobility Solutions Market Snippet by End User
2.1.6.Connected Car Mobility Solutions Market Snippet by Country
2.1.7.Connected Car Mobility Solutions Market Snippet by Region
2.2.Competitive Insights
3.Connected Car Mobility Solutions Key Market Trends
3.1.Connected Car Mobility Solutions Market Drivers
3.1.1.Impact Analysis of Market Drivers
3.2.Connected Car Mobility Solutions Market Restraints
3.2.1.Impact Analysis of Market Restraints
3.3.Connected Car Mobility Solutions Market Opportunities
3.4.Connected Car Mobility Solutions Market Future Trends
4.Connected Car Mobility Solutions Industry Study
4.1.PEST Analysis
4.2.Porter's Five Forces Analysis
4.3.Growth Prospect Mapping
4.4.Regulatory Framework Analysis
5.Connected Car Mobility Solutions Market: COVID-19 Impact Analysis
5.1.Pre-COVID-19 Impact Analysis
5.2.Post-COVID-19 Impact Analysis
5.2.1.Top Performing Segments
5.2.2.Marginal Growth Segments
5.2.3.Top Looser Segments
5.2.4.Marginal Loss Segments
6.Connected Car Mobility Solutions Market Landscape
6.1.Connected Car Mobility Solutions Market Share Analysis, 2023
6.2.Breakdown Data, by Key Manufacturer
6.2.1.Established Players' Analysis
6.2.2.Emerging Players' Analysis
7.Connected Car Mobility Solutions Market - By Connectivity Type
7.1.Overview
7.1.1.Segment Share Analysis, By Connectivity Type, 2023 & 2032 (%)