Connected cars allow drivers to connect seamlessly with online platforms and establish real-time communication to obtain information such as traffic updates while driving. These cars can provide traffic data, warn about collisions and give other safety alerts. Connected car services enable punctuality by notifying the drivers about the perfect time to leave, from a calendar and send text message alerts to friends or co-workers to update them of arrival times. The Global Connected Car M2M Connections and Services Market, in terms of revenue, was valued at US$ 54.25 Mn in 2020 and is expected to reach US$ 186.62 Mn by 2030.
Prominent players of global connected car M2M connections and services market are :AUDI AG, Automobili Lamborghini S.p.A., Bell Canada, BMW AG, B.T., China Mobile Limited, Daimler AG, Datora Telecom, Deutsche Telecom AG, EE Limited, Ericsson AB, FCA US LLC, Gemalto NV, General Motors, Hyundai Motor Company, Mahindra & Mahindra Ltd., Sierra Wireless, Inc., Toyota Motor Corporation, Verizon Telematics Inc., Volkswagen amongst others.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2030.
- Detailed overview of parent market
- Changing market dynamics of the industry
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Global Connected Car M2M Connections and Services Market By Usage
Typically, in a connected car there are head-unit, in-dash system, infotainment unit, with a screen from which the operations of the connections can be seen or managed by the driver. One of the most prominent features of connected cars is the availability of a host of infotainment services, like audio & visual entertainment, connectivity, and navigation. Infotainment encompasses productivity services like cross-linking the vehicle with smart homes so the end user can control several household functions like regulating the heat, testing security cameras & window sensors, accessing e-mails, and even managing phone calls. The availability of high-speed wireless networks in the automobiles has a great influence on the profitability of the market. However, the technological advancements by the telematics industries along with the availability of high-speed wireless networks is expected to flourish the growth of the connected car m2m connections and services market during the coming years.
Connected Car M2M Connections and Services Market, By Usage
OEM accounted to hold the largest market share and is anticipated to exhibit the highest CAGR over the forecast period. An OEM must decide on offering their service through a trial period or a freemium model. Original Equipment Manufacturers are progressively depending on partnerships with mobile operators, which have an experience in managing wireless solutions and understand consumer expectations of connected apps and devices.
Connected Car M2M Connections and Services Market, By Region
On the basis of geographical segmentation, North America is expected to hold the largest market share owing to the increasing number of partnerships between mobile operators who provide the 4G LTE connectivity to the cars and auto-makers. The U.S. is already taking a strong lead in the connected car segment. For instance, AT&T- GM partnership to offer LTE connectivity in cars and Sierra Wireless-Verizon joint initiative on the LTE-based connected car M2M module.
The report provides both, subjective and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as M&A (Mergers & Acquisitions), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their corporate headquarter, competitors, product/service type, application and specification, pricing, and gross margin.
Why Buy this Report?
- Extensive analysis on latest trends and growth opportunities in different regions across the globe
- Comprehensive assessment on recent technological advancements and forecast of the upcoming period
- A comparative analysis of leading players and emerging players in the Connected Car M2M Connections and Services market
- Authentic information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global Connected Car M2M Connections and Services market
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