Europe Connected Car Market Trends, Share, Size, Demand, Revenue and Future Outlook
Europe Connected Car Market Growth, Size, Trends Analysis- By Technology, By Connectivity, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: AMIN24225 | Pages: 1 - 156 | Formats*: |
| Category : Automotive & Transportation | |||
Europe Connected Car Market Introduction and Overview
According to SPER Market Research, the Europe Connected Car Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Europe Connected Car Market, including market size and trends, product mix, applications, and supplier analysis. Automobiles that have internet connectivity and cutting-edge communication systems installed enable them to communicate with other automobiles, infrastructure, and other gadgets. These vehicles improve navigation, driving pleasure, and safety via the use of sensors, software, and data analytics. Owners of linked cars may interact with all connected gadgets both inside and outside the vehicle and keep a safe distance from other moving cars. Additionally, drivers may use these cars to mechanically inspect the vehicle's performance and physical state. Smartphones and other mobile devices can be connected to cars via connected automatic driving. Through connection systems, which communicate up-to-date performance data about the car, people may access the vehicle.
- May 2022; Harman and Amazon announced their partnership for the development of cutting-edge software-defined cars that would help OEMs overcome a variety of reliability and safety concerns to jointly produce safe and trustworthy connected vehicle solutions.
- March 2022; Denso Corporation launched a software innovation project as a component of their new mobility-centered society. The training curriculum included optional exercises to teach ADAS visual sensor recognition technology and cloud computing engineering.
Market Opportunities and Challenges
Opportunities- Numerous significant reasons are driving the connected car industry in Europe. One key growth driver is the rising demand for more sophisticated in-car safety features like real-time traffic monitoring and advanced driver assistance systems. Growth in the market is also being driven by the development of autonomous driving technology and laws aimed at enhancing traffic safety and minimizing collisions. Improvements in 5G connectivity also made it possible for data to be transmitted more quickly, which improves communication between vehicles and infrastructure. The industry is being further propelled by rising customer demand for intelligent navigation and smooth entertainment systems. Future growth is anticipated to be fuelled by major manufacturers like Daimler, Volkswagen, and BMW's investments in electric and driverless vehicles.
Challenges- The market for linked vehicles in Europe confronts several obstacles. Cybersecurity is a big problem as linked cars may be hacked, which might jeopardize passenger privacy and safety. The General Data Protection Regulation and other data privacy laws complicate matters for automakers that manage enormous volumes of personal and vehicle data. Another obstacle is the high cost of creating and deploying 5G infrastructure and other connected car technologies, which is particularly problematic for smaller businesses. Compatibility problems can also arise when separate systems from different vendors are integrated. Widespread adoption of connected vehicles in the area is further hampered by public worries about the safety of autonomous vehicles and a lack of uniform legislation throughout Europe.
Market Competitive Landscape
To get an advantage over their competitors, connected-car makers are creating new products with cutting-edge technology as the demand for linked systems in the sector rises. Due to this, companies are focusing on implementing and developing 5G in cars to get a competitive advantage over other players in the industry. Leading companies in the industry are Bosch, Harman, Airbiquity, Visteon, Continental AG, Audi AG, BMW Group and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Technology, By Connectivity, By Application. |
| Regions covered | Germany, United Kingdom, France, Spain, Italy, Benelux, Russia, Rest of Europe. |
| Companies Covered | Bosch, Harman, Airbiquity, Visteon, Continental AG, Audi AG, BMW Group, Autoliv Inc., Delphi Automotive LLP, Daimler AG, Verizon Communication, Denso Corporation. |
COVID-19 Impact on Europe Connected Car Market
The market for connected automobiles in Europe was greatly influenced by the COVID-19 outbreak. Vehicle production and sales fell during the first lockdowns as a result of industrial closures and lower consumer spending. The epidemic hastened the car industry's embrace of linked solutions and digital technology. The need for improved entertainment systems and in-car connection was brought to light by an increased dependence on digital communication and remote work. Furthermore, services like real-time traffic reports and contactless car entry became increasingly important as customers emphasized their health and safety. During the recovery period, governments offered incentives for sustainable mobility options, which resulted in a resurgence of interest in electric and connected vehicles.
Key Target Audience:
- Automotive manufacturers
- Technology providers
- Telecommunications companies
- Fleet management companies
- Insurance companies
- Government and regulatory bodies
- Consumers and end-users
- Automotive service providers
- Research institutions and think tanks
- Automotive aftermarket suppliers
Our in-depth analysis of the Europe Connected Car Market includes the following segments:
| By Technology: | |
| By Connectivity: | |
| By Application: |
Key Topics Covered in the Report:
- Europe Connected Car Market Size (FY’2024-FY’2033)
- Overview of Europe Connected Car Market
- Segmentation of Europe Connected Car Market By Technology (5G, 4G/LTE, 3G, 2G, Others)
- Segmentation of Europe Connected Car Market By Connectivity (Integrated, Tethered, and Embedded)
- Segmentation of Europe Connected Car Market By Application (Telematics, Infotainment, Driving Assistance, and Others)
- Statistical Snap of Europe Connected Car Market
- Expansion Analysis of Europe Connected Car Market
- Problems and Obstacles in Europe Connected Car Market
- Competitive Landscape in the Europe Connected Car Market
- Impact of COVID-19 and Demonetization on Europe Connected Car Market
- Details on Current Investment in Europe Connected Car Market
- Competitive Analysis of Europe Connected Car Market
- Prominent Players in the Europe Connected Car Market
- SWOT Analysis of France Europe Connected Car Market
- Europe Connected Car Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Connected Cars Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Connected Car Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Connected Car Market
7. Europe Connected Car Market, By Technology (USD Million) 2020-2033
7.1. Europe Connected Car Market Size, Share and Forecast, By Technology, 2020-20267.2. Europe Connected Car Market Size, Share and Forecast, By Technology, 2027-20337.3. 5G7.4. 4G/LTE7.5. 3G7.6. 2G
8. Europe Connected Car Market, By Connectivity (USD Million) 2020-2033
8.1. Europe Connected Car Market Size, Share and Forecast, By Connectivity, 2020-20268.2. Europe Connected Car Market Size, Share and Forecast, By Connectivity, 2027-20338.3. Integrated8.4. Tethered8.5. Embedded
9. Europe Connected Car Market, By Application (USD Million) 2020-2033
9.1. Europe Connected Car Market Size, Share and Forecast, By Application, 2020-20269.2. Europe Connected Car Market Size, Share and Forecast, By Application, 2027-20339.3. Telematics9.4. Infotainment9.5. Driving Assistance9.6. Others
10. Europe Connected Car Market, By Region, 2020-2033 (USD Million)
10.1. Europe Connected Car Market Size and Market Share By Region (2020-2026)10.2. Europe Connected Car Market Size and Market Share By Region (2027-2033)10.3. Europe
10.3.1. Germany10.3.2. United Kingdom10.3.3. France10.3.4. Spain10.3.5. Italy10.3.6. Benelux10.3.7. Russia10.3.8. Rest of Europe
11. Company Profile
11.1. Bosch
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Harman
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Airbiquity
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Visteon
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Continental AG
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Audi AG
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. BMW Group
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Autoliv Inc
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Delphi Automotive LLP
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Daimler AG
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Connected Car Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Europe Connected Car Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Connected Car Market size is USD XX billion from 2024 to 2033.
Europe Connected Car Market is covered By Technology, By Connectivity, By Application.
The Europe is anticipated to have the highest Market share in the Europe Connected Car Market.
The key players in the Market include Companies Covered Bosch, Harman, Airbiquity, Visteon, Continental AG, Audi AG, BMW Group, Autoliv Inc., Delphi Automotive LLP, Daimler AG, Verizon Communication, Denso Corporation.
Europe Connected Car Market grew in Market size from 2024. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Automobiles that have internet connectivity and cutting-edge communication systems installed enable them to communicate with other automobiles, infrastructure, and other gadgets. These vehicles improve navigation, driving pleasure, and safety via the use of sensors, software, and data analytics.
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