Market Overview

$30.44 Billion Europe Connected Vehicle Market (2018-2023) - ResearchAndMarkets.com

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The "Europe
Connected Vehicle Market (2018-2023)"
report has been added to ResearchAndMarkets.com's
offering.

The Europe connected vehicle market is expected to reach USD 30.44 Bn by
2023, expanding at a CAGR of 7% (2018-2023). Europe connected passenger
car market is expected to reach USD 17.10 Bn by 2023 at a CAGR of 3%
(2018-2023), and the Europe connected truck market is expected to reach
USD 13.33 Bn by 2023, expanding at a CAGR of 12% (2018-2023).

The connected vehicle ecosystem is evolving in which Europe's connected
car manufacturers and automotive OEMs are developing various connected
solutions. On the basis of connectivity, demand for embedded solutions,
tethered solutions, and integrated solutions for connected passenger
cars has increased over the years. Similarly, the use of telematics and
fleet management solutions for connected commercial vehicle has risen.

Ever increasing demand for electric vehicles from European consumers is
playing a crucial role in boosting the market for a connected driving
experience. The market is expected to gain major traction due to
widespread adoption of mobile and wireless technologies.

Governments within the EU are introducing various regulations and
initiatives regarding vehicle safety, which could be a favorable move
for connected car manufacturers and dealers. Availability of advanced
telecom and road infrastructure will also continue to fuel the European
market for connected cars.

Original equipment manufacturers (OEMs) are also contributing to the
expansion of the market. Car manufacturers are using the products and
services provided by these OEMs, including sensors, processors, fleet
managers, wireless, cellular models, OEM services and aftermarket
services.

Key Growth Factors

  • Demand for a connected driving experience is growing rapidly in this
    region. Major auto-makers and OEMs are working to make this a reality
    very soon.
  • Regulatory initiatives relating to safety and security will have a
    decisive effect on the adoption of OEM telematics all across Europe.

Threats & Key Players

  • OEMs in Europe are facing challenges in the form of increasing costs,
    extended supply chains, more complex vehicles, increasing customer
    demands and the need for an unprecedented degree of manufacturing
    flexibility.
  • Some of the key players operating in the market are:- Airbiquity Inc,
    Aptiv PLC, Autoliv, Continental AG, Denso, NXP Semiconductors, Robert
    Bosch GmbH, TomTom, WirelessCar, and ZF Friedrichshafen.

Key Topics Covered

Chapter 1: Executive Summary

Chapter 2: Europe Connected Passenger Car - Market Overview

Chapter 3: Connected Passenger Car Services - Value Proposition

Chapter 4: Europe Connected Truck - Market Overview

Chapter 5: Modular Strategy and Potential Analysis - Global Truck Market

Chapter 6: Companies Profiled

  • Airbiquity Inc
  • Aptiv PLC
  • Autoliv
  • Continental AG
  • Denso
  • NXP Semiconductors
  • Robert Bosch GmbH
  • TomTom
  • WirelessCar
  • ZF Friedrichshafen

For more information about this report visit https://www.researchandmarkets.com/research/hhjkgh/30_44_billion?w=4

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