North America Connected Car Market Growth, Size, Trends, Share, Revenue and Future Outlook
North America Connected Car Market Size- By Technology Type, By Application Type, By Connectivity Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: AMIN23199 | Pages: 1 - 153 | Formats*: |
| Category : Automotive & Transportation | |||
North America Connected Car Market Introduction and Overview
According to SPER Market Research, the North America Connected Car Market is estimated to reach USD 442.51 billion by 2033 with a CAGR of 25.29%.
The report includes an in-depth analysis of the North America Connected Car Market, including market size and trends, product mix, distribution channels, and supplier analysis. A connected car offers robust network technology, comfort, convenience, performance, safety, and security, as well as connectivity while you're driving. This makes it possible for the driver to establish a connection with online platforms, allowing for real-time communication.
- Ford Motor Company introduced the next-generation Ford F23 Super Duty pickup truck, which comes standard with Ford Pro's suite of software and services designed to help maximize uptime, accelerate productivity, and reduce total cost of ownership.
- Mercedes-Benz declared that it will be incorporating the Snapdragon Automotive Connectivity Platforms and Snapdragon Digital Chassis solutions from Qualcomm into its passenger cars.
-009062826122023.jpg)
Market Opportunities and Challenges
Opportunities: Long-term factors driving demand in the automotive and transportation sectors include rising R&D spending by major industry players, growing Internet penetration, the availability of 5G, declining data costs, and consumers' growing preference for connectivity features over mechanical vehicle specifications. Additionally, sales of electric and autonomous vehicles and their increasing popularity are contributing to a spike in connected vehicle sales in the North American market.
Furthermore, The main reasons for of the growth of the global connected cars market are the rise in consumer demand for connectivity solutions, the surge in the need for constant connectivity, the increase in technological dependence, and the rise in the population of tech-savvy individuals. Manufacturers and service providers have developed a number of connectivity solutions over the years, including the machine-to-machine (M2M) connectivity platform. A car's M2M capability makes it possible for two linked cars to communicate with one another. The vehicle has a large number of sensors and processors that give the driver precise, up-to-date information. This further encourages the global adoption of connected cars, supporting the market's expansion.
Challenges: A number of challenges hinder the development and performance of the North American connected car market. One major obstacle to connected car technologies is the requirement for a strong and extensive infrastructure. These days, a dependable and quick network connection is necessary for applications like real-time data sharing and intelligent navigation systems. The efficacy of connected automobile features may be limited in some locations by a lack of widespread, fast network access. Regarding data security and privacy, there are further worries. Vehicle location and driver behaviour are among the many data that are collected and transmitted by increasingly connected cars.
-009062326122023.jpg)
Market Competitive Landscape
Among the leading companies controlling the worldwide market are Tesla Inc., Ford Motor Co., Motor Corp., General Motors, and Toyota. To maintain their leading position in the market, major players are securing their positions through mergers and acquisitions as well as the introduction of new products.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Technology Type, By Application Type, By Connectivity Type, By Vehicle Type |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | Audi AG, BMW AG, Ford Motor Company, General Motors, Honda Motor Co., Hyundai Kia Automotive Group, Jaguar Land Rover Limited, Mercedes-Benz AG, Nissan Motor Co. Ltd, Stellantis NV, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Others |
COVID-19 Impact on North America Connected Car Market
The market for connected cars in North America has been greatly impacted by the COVID-19 pandemic. The amount of travel and vehicle usage has significantly decreased as a result of the lockdowns and restrictions. The adoption and use of connected car services, like in-car entertainment systems, remote diagnostics, and real-time navigation, have been impacted by this reduction in mobility. The production and supply chain disruptions faced by automakers caused delays in the introduction of new connected car models. Consumer financial difficulties and economic uncertainty have also affected buying decisions; some have postponed investments in cutting-edge automotive technologies.
Key Target Audience
- Automobile Manufacturers
- Technology Providers
- Telecommunication Companies
- Software Developers
- Automotive Component Suppliers
- Regulatory Authorities
- Insurance Companies
Our in-depth analysis of the North America Connected Car Market includes the following segments:
| By Technology Type: |
|
| By Application Type: |
|
| By Connectivity Type: |
|
| By Vehicle Connectivity Type: |
|
| By Vehicle Type: |
|
Key Topics Covered in the Report
- North America Connected Car Market Size (FY’2023-FY’2033)
- Overview of North America Connected Car Market
- Segmentation of North America Connected Car Market By Technology Type (5G, 4G/LTE, 3G, 2G)
- Segmentation of North America Connected Car Market By Application Type (Driver Assistance, Telematics, Infotainment, Others)
- Segmentation of North America Connected Car Market By Connectivity Type (Integrated, Embedded, Tethered)
- Segmentation of North America Connected Car Market By Vehicle Connectivity Type (V2 Vehicle, V2 Infrastructure, V2 Pedestrian)
- Segmentation of North America Connected Car Market By Vehicle Type (Passenger Cars, Commercial Vehicles)
- Expansion Analysis of North America Connected Car Market
- Problems and Obstacles in North America Connected Car Market
- Competitive Landscape in the North America Connected Car Market
- Impact of COVID-19 and Demonetization on North America Connected Car Market
- Details on Current Investment in North America Connected Car Market
- Competitive Analysis of North America Connected Car Market
- Prominent Players in the North America Connected Car Market
- SWOT Analysis of North America Connected Car Market
- North America Connected Car Market Future Outlook and Projections (FY’2023-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. SPER’s internal database2.1.4. Premium insight from KOL’s
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 North America Connected Car 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 Landscape
5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s 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. North America Connected Car Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Connected Car Market
7. North America Connected Car Market, By Technology Type (USD Million)
7.1. North America Connected Car Market Value Share and Forecast, By Technology Type, 2023-20337.2. 5G7.3. 4G/LTE7.4. 3G7.5. 2G
8. North America Connected Car Market, By Application Type (USD Million)
8.1. North America Connected Car Market Value Share and Forecast, By Application Type, 2023-20338.2. Driver Assistance8.3. Telematics8.4. Infotainment8.5. Others
9. North America Connected Car Market, By Connectivity Type (USD Million)
9.1. North America Connected Car Market Value Share and Forecast, By Connectivity Type, 2023-20339.2. Integrated9.3. Embedded9.4. Tethered
10. North America Connected Car Market, By Vehicle Connectivity Type (USD Million)
10.1. North America Connected Car Market Value Share and Forecast, By Connectivity Type, 2023-203310.2. V2 Vehicle10.3. V2 Infrastructure10.4. V2 Pedestrian
11. North America Connected Car Market, By Vehicle Type (USD Million)
11.1. North America Connected Car Market Value Share and Forecast, By Vehicle Type, 2023-203311.2. Passenger Cars11.3. Commercial Vehicles
12. North America Connected Car Market Forecast, 2019-2033 (USD Million)
12.1. North America Connected Car Market Size and Market Share
13. North America Connected Car Market, By Technology Type, 2019-2033 (USD Million)
13.1. North America Connected Car Market Size and Market Share By Technology Type (2019-2026)13.2. North America Connected Car Market Size and Market Share By Technology Type (2027-2033)
14. North America Connected Car Market, By Application Type, 2019-2033 (USD Million)
14.1. North America Connected Car Market Size and Market Share By Application Type (2019-2026)14.2. North America Connected Car Market Size and Market Share By Application Type (2027-2033)
15. North America Connected Car Market, By Connectivity Type, 2019-2033 (USD Million)
15.1. North America Connected Car Market Size and Market Share By Connectivity Type (2019-2026)15.2. North America Connected Car Market Size and Market Share By Connectivity Type (2027-2033)
16. North America Connected Car Market, By Vehicle Connectivity Type, 2019-2033 (USD Million)
16.1. North America Connected Car Market Size and Market Share By Vehicle Connectivity Type (2019-2026)16.2. North America Connected Car Market Size and Market Share By Vehicle Connectivity Type (2027-2033)
17. North America Connected Car Market, By Vehicle Type, 2019-2033 (USD Million)
17.1. North America Connected Car Market Size and Market Share By Vehicle Type (2019-2026)17.2. North America Connected Car Market Size and Market Share By Vehicle Type (2027-2033)
18. North America Connected Car Market, By Region, 2019-2033 (USD Million)
18.1. North America Connected Car Market Size and Market Share By Region (2019-2026)18.2. North America Connected Car Market Size and Market Share By Region (2027-2033)18.3. Eastern Region18.4. Western Region18.5. Southern Region18.6. Northern Region
19. Company Profile
19.1. Audi AG
19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. BMW AG
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments
19.3. Ford Motor Company
19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments
19.4. General Motors
19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments
19.5. Honda Motor Co.
19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments
19.6. Hyundai Kia Automotive Group
19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments
19.7. Jaguar Land Rover Limited
19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments
19.8. Mercedes-Benz AG
19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments
19.9. Nissan Motor Co. Ltd
19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments
19.10. Stellantis NV
19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments
19.11. Tesla Inc.
19.11.1. Company details19.11.2. Financial outlook19.11.3. Product summary
19.11.4. Recent developments
19.12. Toyota Motor Corp.
19.12.1. Company details19.12.2. Financial outlook19.12.3. Product summary19.12.4. Recent developments
19.13. Volkswagen AG
19.13.1. Company details19.13.2. Financial outlook19.13.3. Product summary19.13.4. Recent developments
19.14. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
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
North America Connected Car Market CAGR of 25.29% during the forecast period.
You can get the sample pages by clicking the link - Click Here
North America Connected Car Market size is USD 442.51 billion from 2023 to 2033.
North America Connected Car Market Segment is covered By Technology Type, By Application Type, By Connectivity Type, By Vehicle Type.
The North America is anticipated to have the highest market share in the North America Connected Car Market.
The key players in the market include Companies Covered Audi AG, BMW AG, Ford Motor Company, General Motors, Honda Motor Co., Hyundai Kia Automotive Group, Jaguar Land Rover Limited, Mercedes-Benz AG, Nissan Motor Co. Ltd, Stellantis NV, Tesla Inc., Toyota Motor Corp., Volkswagen AG, Others.
A connected car offers robust network technology, comfort, convenience, performance, safety, and security, as well as connectivity while you're driving.
North America Connected Car Market is projected to reach USD 442.51 billion by 2033, growing at a CAGR of 25.29% during the forecast period.
North America Connected Car Market grew in market size from 2022. The Market is expected to reach USD 442.51 billion by 2033, at a CAGR of 25.29% during the forecast period.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
