Global Connected Car M M Connections Service Market Size, Share and Trends Analysis Report, By Type (ITS, CAN), By Application (Passenger Car, Commercial Car, Light vehicle, Others), Forecast (2022-2028)

The global connected car M M connections service market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Increasing consumer demand for connectivity solutions, increased demand for frequent communications, increased technology dependence, and increased tech-savvy people are key factors contributing to the growth of the connected car M M connections service market across the globe. Over time, various connectivity solutions have been developed by automotive manufacturers and service providers, such as the machine-to-machine (M2M) platform. The M2M feature in the car enables the connection between two connected vehicles. The car is equipped with many sensors and processors, providing accurate and real-time information to the driver. It also speeds up the adoption of connected vehicles around the world, thereby enhancing market growth.

The rising number of car thefts is attracting the attention of car buyers for surveillance systems that may monitor their vehicles and send timely updates to their locations. Once the cell phone is connected to the car’s infotainment system, it keeps a record of the passenger’s travel history or passenger terminal,etc. It can make travel safer. To prevent data theft, car owners have begun equipping their vehicles with devices such as TravelEyes2, ProScout, and Lojack. The systems send notifications to the owners’ cell phones, enabling them to lock the car with a single touch.  Additionally, the factors such as technological advances, and increased demand for luxury and luxury cars are expected to boost the market growth.

n June 2021, Garrett Motion Inc. worked with Hyundai Motor Company Differentiated technology provider Garrett Motion Inc. introduced the Model-based Predictive Control (MPC) software in partnership with Hyundai Motor Company, the software will provide new car life management solutions.

Further, in September 2019, Harman Collaborates with Spotify to Develop Advanced Connected Technologies Harman International has partnered with Spotify to develop advanced technology for the automotive and electronics consumer electronics industry. This partnership represents the next phase of Harman and Spotify’s long-term partnership, which enables Spotify to expand its consumer electronics market in a rapidly growing car market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Audi Connect, BMW, General Motors, Apple, and Ford Motors, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Connected Car M M Connections Service Market Report by Segment

By Type

• ITS
• CAN

By Application

• Passenger Car
• Commercial Car
• Light Vehicle
• Others

Global Connected Car M M Connections Service Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa