Learn about the global connected cars market through The Business Research Company, which provides information on connected cars market size, connected cars market drivers and restraints, connected cars market players, the COVID-19 impact on the connected cars market, and more.

The global connected cars market size is expected to grow from $59.83 billion in 2021 to $69.2 billion in 2022 at a compound annual growth rate (CAGR) of 15.7%. The global connected car market is expected to grow to $123.87 billion in 2026 at a CAGR of 15.7%

An increase in efforts by governments for developing intelligent transportation systems will drive the connected cars market.

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The connected cars market consists of sales of connected cars and related services. Connected cars are cars empowered with internet access and a local area network that helps to communicate with other vehicles. These cars have a wide range of sensors that transmits and receives signals by the manufacturers in conjunction with the services to enhance the consumer experience with the real-time interaction of the vehicles. These cars can be connected with smartphones or other mobile phones and allow the driver to mechanically monitor the performance of the car.

Global Connected Cars Market Segments Include:

By Product Type: Embedded, Tethered, Integrated, Others

By Service: Driver Assistance, Safety, Entertainment, Well-Being, Vehicle Management, Mobility Management, Others

By Application: Navigation, Infotainment, Telematics

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the connected cars market in 2021.

Connected car companies are increasingly developing new technologies such as digital and autonomous technologies to increase their revenue and also to gain a competitive edge over their rivals.

TBRC’s connected cars market report covers:

Major Market Players: Robert Bosch GmbH, Ford Motor Company, BMW, Audi AG, General Motors, Delphi, AT&T Inc, Airbiquity, Visteon, and Mercedes-Benz.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Connected Cars Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides connected cars market overviews, analyzes and forecasts market size, share, connected cars market players, connected cars market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s connected cars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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