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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: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 21.45 Billion
Revenue 2028Revenue 2028: 29.81 Billion
Revenue CAGRRevenue CAGR (2021 - 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

Research Methodology: Connected Car M2M Connections Market - Global Market Assessment, 2021 - 2028

Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:


  • Consistent, vigorous, and actionable data analysis that would help to make key business decisions
  • Statistically improved and reliable insights through a veracious and well-audited research methodology.
  • Independent study ensures a tangible representation of the market

Secondary Research

Primary Research:

The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:


  • First-hand information global market size, regional and segmental trends, competitive landscape
  • Validate and authorization of secondary research outcomes and findings
  • Further data collection and expertise development & market understandings

Data Triangulation and Market Size Estimations

After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market.  The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of 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.