The global connected car market has been boosted by the rapid development of connected car technology over the recent years, and the top 10 connected car companies continue to dominate the global market in 2019. The emerging trend in the global automotive industry is that the demand for connected car technologies — internet access, infotainment systems, driver assistance programs, advanced safety functions, and other advanced technology-based features — is rising at a significant pace. Therefore, the worldwide sales of connected vehicles are expected to experience a strong growth over the near future, and the top 10 connected car companies are also projected to achieve greater success with their advanced connected car technologies in the global market.
For the latest global connected car market report, connected car market forecast, and top connected car companies, please see Global Connected Car Market 2018-2022.
What is Connected Car Technology?
Connected car technology refers to internet access for the automotive vehicles that allows them to communicate and transmit data between each other and the world around them. Such wireless communication, supported by dedicated short-range communications (DSRC), can effectively enhance safety, warning the driver of potential hazards on the road and issues with the vehicle itself. Connected cars have direct access to the internet and, typically, to a wireless local area network, which allows them to enable connectivity to other connected objects, including smart phones and other IoT devices. Connected cars also convey information to drivers to help them make informed decisions.
Global Connected Car Market Analysis
The latest market report shows that the global connected car market was valued at USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025. According to Technavio’s report, a superior driving experience for consumers is undoubtedly one of the key drivers of the connected car market. Along with this is the fact that connected cars seem to be a promising solution to bringing down the number of road accidents. Advanced features like navigation, remote diagnostics, multimedia streaming, 24/7 connectivity and better vehicle maintenance and diagnostics are some of the other main drivers of this market growth.
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Top 10 Connected Car Companies in 2019
As one of the top 10 connected car companies in the world, General Motors started the connected car revolution 20 years ago with the launch of OnStar and continues to deliver innovative solutions at a scale unmatched by anyone in the industry. OnStar is the enabler for Chevrolet, Buick, GMC, Cadillac, Opel and Vauxhall to introduce new technology features across a broad range of vehicles. Today, the blue button brand delivers services in four continents and 18 countries, with more than a billion customer interactions.
BMW ConnectedDrive is one of the most advanced connected car services in the market. It keeps the driver and vehicle connected with the outside world. Digital services, driver-focused technologies and driver assistance systems provide more comfort, more entertainment and more safety. Its main features include a web browser built into the car’s infotainment system, smartphone integration, synchronising with calendars, a heads-up display, lane departure warning system, traffic information, active cruise control, night vision and traffic information.
Audi connect is designed with a focus on safety by minimizing driver distraction. Operation of the connect functions is therefore optimally adapted to the situation in the vehicle. With Audi connect, the car becomes part of a global network with personalized services available online and via a smartphone app.
Mercedes me is a range of innovative online services designed to enhance the Mercedes-Benz experience. Accessible via mobile, tablet or PC, its main features include remote parking assist, vehicle setup, concierge service, live traffic information, vehicle monitoring and more.
Tesla’s infotainment system allows the user to monitor vehicle energy use and control common dash functions like climate, lights and windows. The system also includes a full web browser, navigation, media and voice-controlled phone. Tesla Motors has also partnered with AT&T for the North American region to use their data network for carrying vehicle navigation, diagnostics, weather, traffic reports, web browsing and more.
Volkswagen’s Car-Net Apps and Services aim to bring digitalization to the Automotive Industry that will allow users to, for example, control domestic appliances in their homes from on the road. It features an innovative range of Volkswagen services that connect to the digital world, including maps, music, hands-free calls, and dictating texts.
Sensus Connect is Volvo’s infotainment system that can connect the Volvo to the outside world and provide information, entertainment and functions to help simplify car ownership. Sensus Connect has several innovative functions such as cloud-based services integrated in the car, improved navigation with 3D maps and free map updates, a local search function and an option to remotely send destination instructions to the car.
Jaguar Land Rover
Jaguar Land Rover has partnered up with American connected car startup Tile to create its in-car entertainment system InControl. Using the InControl app, drivers can create a list of Tile ‘Essentials’ — specific items they never want to leave behind. If any Essentials are missing from the vehicle, a notification will appear on the touchscreen.
Porsche Connect extends the existing functions of the sports car with intelligent services and apps, all designed to make the connection between driver and vehicle even closer and to cope with everyday life quickly and easily.
NissanConnect is a connected car technology system that combines navigation, security, entertainment and ways to stay in touch with a dash-mounted system designed keep the user constantly connected to the car, making Nissan one of the top 10 connected car companies in the world. It allows users to stream music wirelessly, remotely start the car with a smartphone or unlock doors using voice activation with Amazon Alexa and so much more.
To browse more leading connected car manufacturers, check our latest Global Connected Car Market Report
Connected Car Market Forecast: Future Trends of the Connected Car Market
As the global connected car market continues to grow, infotainment systems and safety assistance technology are expected to be two of the biggest trends in the connected vehicle market over the next few years. The demand for infotainment service as a main connected car service is growing among all segments of passenger cars and many commercial vehicles. Safety assistance technologies are also known as advanced driver-assistance systems (ADAS) and are designed to provide enhanced safety and vehicle operation by alerting the driver to dangerous road conditions, hazards, and issues. The top 10 connected car companies are also expected to maintain their leadership in the global market and generate higher revenues from connected car sales thanks to their heavy investments in the R&D of relevant innovations and technologies.
Read more: Innovations in the Automotive Industry
Most Frequent Asked Questions Regarding the Global Connected Car Market
- What is the current connected car market size?
- What are the major challenges in the global connected car market?
- Which countries have the highest connected car sales?
- Who are the major vendors in this market?
- What are the connected car market trends?
All the detailed answers can be found in this report:?Global Connected Car Market 2018-2022