The Future of Automobiles: Connected Cars and Autonomous Vehicles

Introduction

In developed automotive markets, connected car technology is emerging as an essential and assumed part of all new vehicle programs. Car connectivity is becoming crucial in the automobile industry as connected card make use of road space more efficiently, reduce emission, and save lives.

Connected car manufacturers and automotive OEMs are focusing on the development of connected solutions. Numerous cities are working on developing digital and physical infrastructure for connected cars market. Governments are playing an important role in the transition and acceptance of connected car services. With advancements in manufacturing and expanding usage base, the technology is becoming available at a low cost, so it would not be too long before connected cars become mainstream around the globe.

Segment Insights

The global connected car market is segmented by service, technology, and connectivity solutions. Based on service, the connected car market is segmented into navigation, telematics, infotainment, and others. Telematics technology holds the largest share in the global connected car market as telematics connects all the devices and is a fundamental part of connected cars.

Based on technology, the connected car market is segmented as 2G, 3G, 4G, and others. 4G/LTE technology holds the largest share in the connected cars market. The demand for fast and advanced technology is boosting the demand for 4G in connected cars. Based on connectivity solutions, the connected car market is segmented into integrated, embedded and tethered. Embedded connectivity solution is experiencing positive growth in the market.

Geographically, the connected car market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East and Africa (LAMEA).

In North America, the connected car market is yet in the early stage, with connected and autonomous vehicles gaining popularity as a means to overcome the problems of increasing pollution, depletion of natural oil and fossil fuel reserves, and rising crude oil prices. Currently, Europe is the second largest market for connected cars and is estimated to outpace North America during the forecast period.

Asia Pacific is experiencing positive growth in the connected car market. The regional market is driven by increasing efforts from Chinese players for the development of connecting cars technology. The LAMEA region holds the least share in the global connected car market.

Competitive Players

1. Airbiquity Inc.
2. AT&T
3. Audi AG
4. BMW Group
5. CloudMade
6. Continental AG
7. Daimler AG
8. Ford Motor Company
9. Intellias Ltd.
10. LUXOFT
11. Qualcomm Technologies
12. Robert Bosch GmbH
13. Samsung Electronics
14. Sierra Wireless
15. Telefonica S.A.
16. Tesla
17. TomTom International
18. Verizon Communications
19. Vodafone Group Plc and ZUBIE INC

Recent Developments

Recent Developments

• In July 2024, Wind River, a global leader in delivering software for the intelligent edge announced that Tata Elxsi, a global leader in technology and design services, will leverage Wind River Studio Developer to accelerate its DevSecOps process. This collaboration aims to streamline and optimize Tata Elxsi’s development workflows, enhancing its capabilities in building software-defined vehicles (SDV).
• In July 2024, The BMW Group has joined the Eclipse Foundation’s Software Defined Vehicle (SDV) Working Group as a strategic member. The Eclipse SDV Working Group facilitates global collaboration on open-source software technologies for use in modern vehicles. The BMW Group brings over 20 years of experience in in-house software development to the initiative and has set industry benchmarks in many important areas, such as digital vehicle access via smart devices, over-the-air upgrades across all functional domains and powertrains, as well as vehicle backend structures.

Segmentation

1. By Technology
   1. 3G
   2. 4G/LTE
   3. 5G
2. By Connectivity Solution
   1. Integrated
   2. Embedded
   3. Tethered
3. By Service
   1. Driver Assistance
   2. Safety
   3. Entertainment
   4. Well-being
   5. Vehicle Management
   6. Mobility Management
   7. Telematics
   8. Infotainment
   9. Vehicle Tracking
   10. Parking Assist
4. By Sales Channel
   
   1. OEM
   2. Aftermarket
5. By Car Type
   1. Hatchback
   2. Sedan
   3. SUV
6. By Communication Type
   1. Vehicle to Vehicle
   2. Vehicle to Infrastructure