Connected Car M2M Connections Market

Connected Car M2M Connections Market by Type (Embedded Solutions, Integrated Solutions, Tethered Solutions) by Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)) , 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 in terms of revenue?

    The global Connected Car M2M Connections valued at 21.45 Billion in 2020 and is expected to reach 29.81 Billion in 2028 growing at a CAGR of 4.20%%

  • Which are the prominent players in the market?

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

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

    The market is project to grow at a CAGR of 4.20%% between 2021 and 2028.

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

    The driving factors of the Connected Car M2M Connections include

    • The easy diagnosis system of vehicles is anticipated to augment the growth of the connected car M2M connections market during the forecast period. The system in the car will source data of the vehicle to both the automobile dealer and the customer in the case of advanced diagnostics systems. This also helps to predict potential automobile issues even before they take place. In addition to that, it also helps to track vehicle records and decide which vehicle has travelled the most in fleet management, and offers service accordingly with the help of the solutions. Thus, ease of vehicle diagnosis along with the help mobile applications is anticipated to boost the growth of the connected car M2M connections market.
    • The evolution of connectivity solutions coupled with the increasing use of smartphones is anticipated to augment the growth of the connected car M2M connections market in the years to come. Many connectivity solutions are integrated in modern automobile in order to increase their automobile sales. The connectivity solutions in cars require internet services to perform their respective functions and this is provided in a car using embedded, and integrated connectivity solutions. An in-car hotspot can also be created to offer internet access to all the devices within the vehicle with the help of a smart phone, modem, or connectivity device. Therefore, rise in trend of connectivity solutions drives the growth of the connected cars M2M connections market.

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

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

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