APAC with 48% of Market Growth, Leads the Automotive Connected Car Platform Market During 2021-2025

Technavio has been monitoring the automotive connected car platform market share and it is expected to grow up to USD 6.85 billion, accelerating at a CAGR of 15.31% during the forecast period. An improved smartphone ecosystem will facilitate the automotive connected car platform market growth in APAC over the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Automotive Connected Car Platform Market Analysis: Unlock the Sample Report

Automotive Connected Car Platform Market: APAC to lead market growth during the forecast period

• 48% of the market growth will originate from APAC during the forecast period.
• China is a key market for automotive-connected car platforms in APAC. Market growth in this region will be faster than the growth of the market in regions.
• Rental companies adopting the connected car platform to attract customers will be a key trend that will influence market growth significantly.
• The increased focus of OEMs on the development of autonomous and connected vehicles will be a significant factor in driving the growth of the automotive connected car platform market.

Automotive Connected Car Platform Market: Key Competitors

The market is fragmented due to several players and the degree of fragmentation will accelerate during the forecast period. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Airbiquity Inc., AT&T Inc., Capgemini SE, Cisco Systems Inc., CloudMade, LG Electronics Inc., Microsoft Corp., Qualcomm Inc., Robert Bosch GmbH, and TomTom International BV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.  

Automotive Connected Car Platform Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive connected car platform market growth during the next five years
• Precise estimation of the automotive connected car platform market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive connected car platform market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive connected car platform market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 15.31%.
2. What is the incremental growth of the market?
   The market is expected to grow up to USD 6.85 billion during 2020-2025.
3. What is a key factor driving this market?
   Increased focus of OEMs on the development of autonomous and connected vehicles will drive market growth over the forecast period.
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
5. Which is the leading geographic region for this market?
   42% growth will originate from APAC.
6. Who are the leading market vendors?
   The leading vendors in this market are Airbiquity Inc., AT&T Inc., Capgemini SE, Cisco Systems Inc., CloudMade, LG Electronics Inc., Microsoft Corp., Qualcomm Inc., Robert Bosch GmbH, and TomTom International BV.
7. What are the market segments covered in this report?
   The market is segmented by Service (Infotainment services and Telematics services) and Geography (North America, Europe, APAC, South America, and MEA).