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Connected Car M2M Connections Market

Connected Car M2M Connections Market

Connected Car M2M Connections Market Global Industry Assessment & Forecast

# Pages:

145

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0556

Segments Covered
  • By Type Embedded Solutions, Integrated Solutions, Tethered Solutions
  • By Vehicle Type Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 21.45 Billion
Revenue 2028Revenue 2028: 29.81 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 4.20%
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Connected Car M2M Connections market was valued at USD 21.45 Billion in 2020 and is projected to reach USD 29.81 Billion by 2028, growing at a CAGR of 4.20%% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2028
Annual Market Size (2028) 29.81 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 4.20%%

Overview and Description

Connected car enables connectivity and offers convenience, performance, safety, and security along with powerful network technology to the consumers or drivers. This enables the driver to connect with online platforms, and provides real-time communication. The M2M feature in a car enables interconnectivity between two connected cars. The car is equipped with numerous sensors and processors, which provide accurate and real-time information to the driver.


The global Connected Car M2M Connections market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 21.45 Billion 29.81 Billion

COVID-19 Impact Analysis

COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Insights

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. 

The lack of continuous & unified internet connectivity is anticipated to hamper the growth of the connected cars M2M connections market. This is due to the low internet connectivity and signal ranges by service providers, which vary for different regions. The drivers lose interconnectivity between connected cars and might create miscommunication problems.

Global Connected Car M2M Connections Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Vehicle Type
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered 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.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Global Connected Car M2M Connections Market: Type Segment Analysis

    • Embedded Solutions
    • Integrated Solutions
    • Tethered Solutions

Global Connected Car M2M Connections Market: Vehicle Type Segment Analysis

    • Passenger Car (PC)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)

Regional Analysis: Preview

Based on region, the global Connected Car M2M Connections market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Connected Car M2M Connections 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.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Connected Car M2M Connections Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Key Highlights – Global Connected Car M2M Connections Market

  • Global Connected Car M2M Connections Market is projected to reach USD 29.81 Billion by 2028
  • North America held the highest share of the Connected Car M2M Connections market
  • Embedded Solutions held the largest share of the product segment in the Connected Car M2M Connections market
  • Light Commercial vehicles held the major share of the application segment in the Connected Car M2M Connections market

FAQ
Frequently Asked Question
  • 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%%.

  • 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..

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

  • 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.

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