Connected Car Market by Technology, Connectivity Solution, Service, and End Use : Global Opportunity Analysis and Industry Forecast, 2020-2027


Connected Car

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North America dominated the global connected car market in terms of revenue in 2019, followed by Europe, Asia-Pacific and LAMEA. During the forecast period, Europe is expected to experience growth in the global connected car market owing to a better CAGR as compared to other regions. This in turn fuels the adoption of connected cars across the globe, thus supplementing the growth of the connected car market. This has enabled the manufacturers to make continuous enhancements in existing connected car service; therefore, boosting the growth of the connected car market industry. By region, North America is the highest revenue contributor in the global connected car market owing to the wider adoption of connected car service among the vehicles running across the region.