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

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.
North America Connected Car Market
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.

North America Connected Car Market


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 coveredBy Technology Type, By Application Type, By Connectivity Type, By Vehicle Type
 Regions coveredEastern 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:
  • 5G
  • 4G/LTE
  • 3G
  • 2G
  • By Application Type:
  • Driver Assistance
  • Telematics
  • Infotainment
  • Others
  • By Connectivity Type:
  • Integrated
  • Embedded
  • Tethered
  • By Vehicle Connectivity Type:
  • V2 Vehicle
  • V2 Infrastructure
  • V2 Pedestrian
  • By Vehicle Type:
  • Passenger Cars
  • Commercial Vehicles
  • 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 report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. 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. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. 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. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. North America Connected Car  Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. 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, 2023-2033
    7.2. 5G
    7.3. 4G/LTE
    7.4. 3G
    7.5. 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, 2023-2033
    8.2. Driver Assistance
    8.3. Telematics
    8.4. Infotainment
    8.5. 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, 2023-2033
    9.2. Integrated
    9.3. Embedded
    9.4. 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, 2023-2033
    10.2. V2 Vehicle
    10.3. V2 Infrastructure
    10.4. 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, 2023-2033
    11.2. Passenger Cars
    11.3. 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 Region
    18.4. Western Region
    18.5. Southern Region
    18.6. Northern Region

    19. Company Profile
    19.1. Audi AG
    19.1.1. Company details
    19.1.2. Financial outlook
    19.1.3. Product summary 
    19.1.4. Recent developments
    19.2. BMW AG
    19.2.1. Company details
    19.2.2. Financial outlook
    19.2.3. Product summary 
    19.2.4. Recent developments
    19.3. Ford Motor Company
    19.3.1. Company details
    19.3.2. Financial outlook
    19.3.3. Product summary 
    19.3.4. Recent developments
    19.4. General Motors
    19.4.1. Company details
    19.4.2. Financial outlook
    19.4.3. Product summary 
    19.4.4. Recent developments
    19.5. Honda Motor Co.
    19.5.1. Company details
    19.5.2. Financial outlook
    19.5.3. Product summary 
    19.5.4. Recent developments
    19.6. Hyundai Kia Automotive Group
    19.6.1. Company details
    19.6.2. Financial outlook
    19.6.3. Product summary 
    19.6.4. Recent developments
    19.7. Jaguar Land Rover Limited
    19.7.1. Company details
    19.7.2. Financial outlook
    19.7.3. Product summary 
    19.7.4. Recent developments
    19.8. Mercedes-Benz AG
    19.8.1. Company details
    19.8.2. Financial outlook
    19.8.3. Product summary 
    19.8.4. Recent developments
    19.9. Nissan Motor Co. Ltd
    19.9.1. Company details
    19.9.2. Financial outlook
    19.9.3. Product summary 
    19.9.4. Recent developments
    19.10. Stellantis NV
    19.10.1. Company details
    19.10.2. Financial outlook
    19.10.3. Product summary 
    19.10.4. Recent developments
    19.11. Tesla Inc.
    19.11.1. Company details
    19.11.2. Financial outlook
    19.11.3. Product summary 
    19.11.4. Recent developments
    19.12. Toyota Motor Corp.
    19.12.1. Company details
    19.12.2. Financial outlook
    19.12.3. Product summary 
    19.12.4. Recent developments
    19.13. Volkswagen AG
    19.13.1. Company details
    19.13.2. Financial outlook
    19.13.3. Product summary 
    19.13.4. 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    North America Connected Car Market CAGR of 25.29% during the forecast period.
    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.
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