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Last Updated: Apr 25, 2025 | Study Period:
| SI No | Timeline | Company | Developments |
| 1 | November 2021 | Global Logic | Global Logic, Jungo and OpenEnergy have signed a partnership agreement in order to develop an automotive virtual driver monitoring system(DMS) solution. |
| 2 | July 2021 | Airbiquity | Airbiquity has partnered with Cyngn in order to help material handling companies evolve vehicle fleets into autonomous systems. |
| 3 | July 2021 | Airbiquity | Airbiquity has expanded its market which requires Grade Over-The-Air(OTA) software and Data Management Services. |
| 4 | April 2021 | Airbiquity | Airbiquity and NXP have expanded technology collaboration to address automaker challenges with managing software and data for intelligent connected vehicles. |
| 5 | February 2021 | Airbiquity | Airbiquity, Cloudera, NXP Semiconductors, Teraki and Wind River have been partnered to improve data management for connected and Autonomous Vehicles. |
| Sl no | Timeline | Region | Companies Involved | Aim |
| 1 | June 2021 | Germany | LDRA - OpenSynergy | To develop a defence strategy combined with hypervisor technology and secure coding to combat hacks in connected technology. |
| 2 | May 2021 | Netherland | Stellantis NV - Foxconn | Subsidiary FIH Mobile to develop mobile drives for new in-cabin advanced telematics. |
| 3 | Oct 2020 | Japan | Toyota Motor Corp - KDDI Corp | Toyota to invest $500 million for the development of the mobile carrier based connected vehicle. |
| 4 | May 2020 | China | Huawei - 18 Chinese automakers (First Automobile group, Dongfeng Motor Corporation, Changâan Automobile, SAIC Motor Corporation, BYD Auto) | To develop and establish 5G enabled ecosphere to accelerate commercialisation of 5G |
| 5 | Jan 2020 | US | Volkswagen - Aeris Communication | Ventic LLC - to develop connected vehicle technologies with 51% stake of Volkswagen. |
| 6 | Jan 2020 | US | Audi - Verizon | To deliver in-vehicle embedded Wi-Fi and advanced connections to all future Audi cars. |
| 7 | Nov 2019 | US | Nissan- SiriusXM | Nissan and INFINITI vehicles will begin offering SiriusXM with 360L(delivers content via both satellite and streaming) |
| 8 | Oct 2019 | US | Hyundai- Netradyne | To utilize the road and driving behaviour data collected by Netradyne to support HD mapping and map updates for Hyundai L2+ autonomous vehicles |
| 9 | Oct 2019 | Europe | Audi- Deutsche Telekom-City of Ingolstadt | To build communication between different road users, automated driving and connections to the Internet of Things (IoT) |
| 10 | Oct 2019 | India | KIA- Vodafone-Idea | KIA to utilize Vodafone-IDEA e-sim for UVO connected car solution |
| 11 | Aug 2019 | Europe and Asia | Cubic-Metaswitch | Cubicâs connected car solution to support new technologies as 3G voice services are phased out |
Mercedes Benz:The OEM will now test how safety on wintry roads can be improved with car-to-X communication. It is working with Telefonica Deutschland and network supplier Ericsson, putting in place the 5G mobile network for automobile production in its âFactory 56â in Sindelfingen, Germany.
BMW: The OEM has introduced âRemote Software Upgradeâ to ensure that the vehicle software in all BMWâs with Operating System 7.0 is updated at all times, just like a mobile phone.
Audi : Audi introduced the vehicle-to-infrastructure (V2I) service âTraffic Light Informationâ to Europe. This feature will allow Audi drivers to see in the cockpit what speed is required to reach the next traffic light on green.
JLR: Jaguar Land Rover is testing connected car services that will enable drivers to earn cryptocurrency and make payments on the move. The technology is called âSmart Walletâ . It selected Spirent solutions to develop and verify next-generation automotive Ethernet in-vehicle networking.
SEAT: In March 2019, SEAT and Telefonica launched the â5G Connected Carâ pilot test in the framework of the 5G Barcelona project, which was aimed at promoting Barcelona as one of the benchmark European capitals of 5G technology
VW: Volkswagen annonced in Jan 2019 that it will deploy the OPTIGA Trusted Platform Module (TPM) 2.0 a security solution for the connected car from Infineon Technologies AG.
Ficosa : The supplier received European RED certification for its CarCom platform in June 2019. It has developed solutions for connecting cars with infrastructures and with other vehicles through the available technologies: both with DSRC (802.11p) and (C-V2X) technology
Continental: World`s fourth biggest automotive supplier by revenue has developed an adaptive voice-activated digital assistant for vehicles. With the digital assistant the company focuses on the most natural means of communication: the spoken words.
TomTom : In Sep 2019, TomTom announced that it`s navigation has been integrated with Microsoft connected platform.
Bosch : World`s biggest automotive supplier by revenue, Bosch demonstrated a cloud-based wrong-way driver alert system that can protect human lives form danger of encountering a wrong-way driver on freeways
Keysight Technologies : Entered into an alliance with Nordsys GmbH to combine the two companiesâ cellular vehicle-to-everything (C-V2X) and testing competences.
| SI No | Timeline | Company | Trends |
| 1 | November 2021 | Panasonic | Panasonic has developed a cyber security system for internet-connected cars for detecting abnormalities. |
| 2 | September 2021 | Nordsys | Nordsys has developed a hybrid V2X Communication platform waveBEE plus 8 with triple connectivity for V2X applications. |
| 3 | September 2021 | General Motors | General Motors has introduced the Ultifi, the end-to-end software platform designed to unlock new vehicle experiences and connect customers' digital lives. |
| 4 | September 2021 | Stellantis | Stellantis has tested its Multi-Access Edge Computing (MEC) and Safety Cloud technologies in North America in order to give drivers the advanced notifications and warnings of potential hazards in their path. |
| 5 | July 2021 | Cerence | THe Cerence Inc and Harman have partnered to voice-enable third party applications which will be available in the Harman Ignite Store. |
| 6 | January 2021 | Harman | Harman has introduced new connected audio innovations, the Live Interactive Virtual Experience(LIVE) and Personal Audio Headrest Platforms. |
| 7 | December 2020 | Tactile Mobility | Tactile Mobility consists of an in-vehicle module residing on one of the vehicleâs computers and the cloud-based system. |
Due to the COVID-19 pandemic, the production across the entire automotive manufacturing industry declined. The key players such as BMW, Volkswagen, General Motors deferred their production plans due to the lockdowns imposed by the governments across the world.
As the increment and development of this market is directly proportional to the production of vehicles in the automotive sector, the growth rate was hampered. However, the growth has regained after the lockdowns uplifted but remained slow as compared to the one predicted. The growth of this sector will boost with the increase in governmental efforts for the development of intelligent car telematics, increase in demand for features offered by smartphones and driving automated technologies with passenger safety.
The growth strategies planned by several OEMs and first tier companies have failed due to the outbreak disrupting supply chain operations. As supply chain operations are hampered, the supply of electronic components and raw materials is affected that results in delays. As the market has started to recover, with China that accounts for more than 29% of the automotive car market has reopened and resumed activities.
| SI No | Timeline | Company | Updates |
| 1 | FY-2021 | Connexion | The revenue of Connexion for the year 2021 was $4,500,000 and in the previous year the revenue was $5,500,000. |
| 2 | July 2021 | Hitachi | Hitachi has completed the acquisition of Global Logic in order to accelerate the digital transformation on a global scale by expanding its business. |
| 3 | February 2021 | Harman | Harman, a subsidiary of Samsung Electronics Co Ltd has acquired the 5G Edge and V2X Leader Savari for developing vehicle-to- everything communications (V2X) technology in 5G Edge and automotive devices. |
The company LDRA, which is the provider of automated software verification and source code analysis in collaboration with OpenSynergy, a company specialising in automotive embedded software have started to promote a defence strategy in depth combined with hypervisor technology and secure coding technology in order to combat with the concern from hacks.
As of May 2021, Stellantis NV and Foxconn have joined together to form a subsidiary FIH Mobile to form a Mobile Drive with 50/50 voting rights to develop new in-cabin advanced technologies and entertainment capabilities
As of October 2020, Toyota Motor Corp in collaboration with KDDI Corp, Japanâs key automaker have decided to invest $500 million to extend their partnership for the mobile carrier. Toyota is set to buy 18.3 million worth of treasury shares from the company KDDI, this will boost the companyâs stake from 12.95% to 13.74%, making the partnership whole.
In May 2020, Huawei, the ICT provider globally, collaborated with about 18 automakers in order to establish a 5G enabled ecosphere in automobiles to accelerate the commercialisation of the 5G technology. The collaboration includes First Automobile group, Dongfeng Motor Corporation, Changâan Automobile, SAIC Motor Corporation, BYD Auto and many more.
In January 2020, the Volkswagen group and Aeris communication, IoT provider, announced their joint venture named Ventic LLC to develop connected vehicle technologies. The Volkswagen group has a 51% stake in the company with majority power hold over the operations.
An Indian company Kia, has taken lead over the connected car market with over the companyâs 50,000 customers buying variants with UVO connect feature. The company has now launched a new model âSonetâ a compact SUV with a 10.25 inch touchscreen with advanced technology. They are also planning to launch the OTA updates (Over the air), which allow the telematics software to be updated wirelessly instead of going to a workshop, expanding with an investment of 400 crores in India.
The key software developer companies that provide connected car services between the automakers and the network providers are listed below:
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type |
| 19 | Market Segmentation, Dynamics and Forecast by Application |
| 20 | Market Segmentation, Dynamics and Forecast by End use |
| 21 | Product installation rate by OEM, 2021 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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