Connected Car M2M Connections and Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Cars that are wired are outfitted with Internet and wireless services that enable them to connect to networks and services. For automated data transmission, M2M connections are formed between two electronic or mechanical devices. The automatic wireless data transfer between a car and another vehicle, an OEM, third-party service providers, businesses, Internet-capable devices, or an infrastructure is referred to as a connected car M2M link. The M2M connections involves utilization of technology for exchanging information and performing actions without manual assistance. Connected cars provide cellular connectivity and wireless systems to provide high-speed connectivity to the driver and passengers, as well as innovative features including a better navigation system and a handheld Wi-Fi hotspot.

MARKET DYNAMICS

The key market drivers for connected car M2M connections and services market are, awareness about security and safety among people, rising demand and popularity for car-infotainment service across the globe. Additionally, it also includes, productivity services like, cross-linkage of vehicles with their homes so that the end user can monitor and control various household functions by sitting in car is also expected to fuel the market growth. Moreover, technology advancements in infotainment system is expected to boost market growth during the forecast period. Whereas, high cost associated with such system and system failure may restrain market growth during the forecast period.

MARKET SCOPE

The "Global Connected car M2M connections and services Market Analysis to 2031" is a specialized and in-depth study of the Connected car M2M connections and services Market with a special focus on the global market trend analysis. The report aims to provide an overview of Connected car M2M connections and services market with detailed market segmentation by application and end use. The global connected car M2M connections and services market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading connected car M2M connections and services market player and offers key trends and opportunities in the connected car M2M connections and services market.

MARKET SEGMENTATION

The global connected car M2M connections and services market is segmented on the basis of application and end use. On the basis of application the market is segmented as, safety and driver assistance, infotainment, vehicle management, insurance based telematics. And further, on the basis of end use the market is segmented as, OEM and aftermarket.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global connected car M2M connections and services market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The connected car M2M connections and services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting connected car M2M connections and services Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the connected car M2M connections and services market in these regions.

MARKET PLAYERS

The reports cover key developments in the connected car M2M connections and services market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from connected car M2M connections and services market are anticipated to lucrative growth opportunities in the future with the rising demand for connected car M2M connections and services market. Below mentioned is the list of few companies engaged in the Connected car M2M connections and services market.

The report also includes the profiles of key connected car M2M connections and services market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Audi Connect
  
•   Bayerische Motoren Werke AG
  
•   Gemalto
  
•   Ford Motor Company
  
•   Singapore Telecommunications Limited
  
•   Toyota
  
•   AT and T
  
•   BT Group
  
•   Deutsche Telekom
  
•   Ericsson
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Connected Car M2M Connections and Services Report Scope