Connected Car M2M Connections and Services Market

Connected Car M2M Connections and Services Market by Application (Safety and Driver Assistance, Infotainment, Vehicle Management, Insurance Based Telematics) by End Market (Original Equipment Manufacturer (OEMs), Aftermarket) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Connected Car M2M Connections and Services in terms of revenue?

    The global Connected Car M2M Connections and Services valued at 19.28 Billion in 2020 and is expected to reach 55.58 Billion in 2028 growing at a CAGR of 14.15%%

  • Which are the prominent players in the market?

    The prominent players in the market are Intel, Ericsson, BMW, CalAmp, Airbiquity, Verizon Telematics, Broadcom, Apple, Alcatel-Lucent, Bell Mobility, General Motors, HERE, BMW, Ford Motors, Google, Audi Connect, Harman International, Sierra Wireless, AT&T, Hyundai Motors, Daimler, Aeris, Autonet Mobile, IBM, Axway, Gemalto..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 14.15%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Connected Car M2M Connections and Services include

    • The rising car sale across the globe is anticipated to augment the growth of the connected car M2M connections and services market during the forecast period. This is owing to the rapid urbanization, rising disposable income of the consumers, and increasing developments in current technologies. Furthermore, the constant upgradation and updates of software and services used in this market are anticipated to offer productive opportunities for the growth of the connected car M2M connections and services market in the coming years.
    • The development of different technologies like AI Interfaces and 5G is anticipated to augment the growth of the connected car M2M connections and services market in the years to come. Most of the players in telecom industry are developing 5G to increase the safety and efficiency of connected cars. According to International 5G automotive associations, 68% of accidents can be avoided with the integration of 5G connectivity technology. Furthermore, with the increasing use of sensors coupled with other technologies that are used to collect data, AI will be considered as an important technology to make sense of all data collected. Some automobiles already use AI for Level 3 autonomous driving whcih is driving the market.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Connected Car M2M Connections and Services in 2020.

Request Sample Buy Now