Europe Connected Car Market 2024-2030

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    EUROPE CONNECTED CAR MARKET

     

    KEY FINDINGS

    • The Europe Connected Car Market is projected to witness significant growth from 2024 to 2030, driven by increasing demand for enhanced vehicle connectivity and smarter navigation.
    • Advances in IoT and increasing integration of advanced technologies such as 5G are pivotal in enhancing the communication capabilities of connected cars, fostering market growth.
    • Government regulations and initiatives promoting vehicle safety and environmental sustainability are pushing automakers to integrate advanced connectivity features in vehicles.
    • The rise in consumer preference for features such as real-time traffic and incident alerts, vehicle management, and in-car internet is fuelling the expansion of the market.
    • The market sees a growing trend towards partnerships between automotive manufacturers and tech companies to leverage mutual capabilities in connectivity solutions.
    • Cybersecurity concerns remain a significant challenge, prompting companies to invest heavily in secure connectivity solutions to protect user data and vehicle functionality.
    • Electric vehicles (EVs) are becoming a key segment within the connected car market, with connectivity solutions being crucial for functions like battery management and charging station location services.
    • The UK, Germany, and France are leading in the Europe connected car market, attributed to their strong automotive sectors and early adoption of technology.
    • Subscription-based services and in-car payments are becoming increasingly popular, offering new revenue streams for automakers and tech providers.
    • Looking towards 2030, the market is anticipated to evolve with more autonomous features, making vehicle connectivity an even more integral part of everyday road travel.

     

    EUROPE CONNECTED CAR MARKET OVERVIEW

    The European connected car market is poised for significant growth over the next six years, fueled by a confluence of factors.  Consumers are increasingly demanding in-vehicle connectivity features, seeking a seamless extension of their digital lives on the road.

     

    This demand is coupled with the rising popularity of advanced driver-assistance systems (ADAS) and the potential for autonomous vehicles. Connected car technology plays a crucial role in enabling these features by facilitating real-time data exchange between vehicles and their surroundings.

     

    Governments across Europe are also stepping up efforts to promote connected car technologies. They recognize the potential benefits for safety, traffic management, and environmental efficiency. Regulatory mandates for emergency response systems like eCall are further driving connected car adoption.

     

    The European connected car market presents a diverse landscape with opportunities for various stakeholders.  Telecom operators are well-positioned to provide essential connectivity solutions, while established car manufacturers are investing heavily in developing in-house connected car platforms.

     

    infographic: Europe Connected Car Market, Europe Connected Car Market Size, Europe Connected Car Market Trends, Europe Connected Car Market Forecast, Europe Connected Car Market Risks, Europe Connected Car Market Report, Europe Connected Car Market Share

     

    Tech giants are also entering the fray, offering cloud-based services and applications specifically designed for connected cars. This influx of players is fostering innovation and accelerating the development of new connected car features.

     

    The market is expected to witness growth across various connectivity solutions, including embedded, tethered, and integrated options. Embedded connectivity offers seamless in-vehicle access, while tethered options leverage smartphones for data exchange.  Integrated solutions combine both approaches, catering to different consumer preferences.

     

    In terms of services, driver assistance and safety features are expected to remain a key growth driver. Features like real-time traffic updates, lane departure warnings, and automatic emergency braking rely heavily on connected car technology.

     

    However, the market is not without its challenges. Data security and privacy concerns remain paramount, requiring robust cybersecurity measures to protect sensitive vehicle data. Additionally, the fragmented nature of the European automotive market poses challenges for standardization and widespread adoption.

     

    Despite these hurdles, the future of the European connected car market is bright.  As technology continues to evolve and consumer demand for connectivity rises, connected cars are poised to become an integral part of the European automotive landscape, transforming the driving experience for the better.

     

    INTRODUCTION TO EUROPE CONNECTED CAR MARKET

    A Connected Car is a vehicle equipped with internet access and typically also with a wireless local area network (LAN). This allows the car to share internet access and data with devices both inside as well as outside the vehicle. The connectivity facilitates the car to receive services and communicate with the infrastructure, other vehicles (V2V), and pedestrian systems, improving overall functionality and features such as real-time navigation, infotainment systems, and on-board diagnostics.

     

    Connected cars can be broadly categorized into three types: tethered, integrated, and embedded. Tethered cars use hardware to connect to the driver’s smartphone to access content and functionality; integrated vehicles have their own chip and antenna to connect directly; while embedded cars have a built-in system that often includes a dedicated subscription service for continuous connectivity. Each type offers different levels of integration, cost, and complexity of features.

     

    The benefits of connected cars include enhanced safety through features like automatic emergency braking and real-time traffic alerts, improved efficiency via route optimization and decreased fuel consumption, and greater comfort with features like remote vehicle control and advanced entertainment systems.

     

    However, they also introduce risks and challenges, such as concerns over data privacy, potential for increased cyberattacks, and dependence on continual software updates and network availability, posing significant challenges for users, manufacturers, and regulatory bodies alike.

     

    EUROPE CONNECTED CAR MARKET SIZE AND FORECAST

     

    Europe Connected Car Market

     

    The Europe Connected Car Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    TRENDS IN EUROPE CONNECTED CAR MARKET

    The integration of 5G technology is a key trend, enhancing vehicle-to-everything (V2X) communications for faster and more reliable data transfer, pivotal for advanced driving assistance systems (ADAS).

     

    Autonomous driving technologies are becoming more prevalent, with connected cars serving as a fundamental platform for testing and deploying these systems, fostering a gradual shift towards more automated travel.

     

    Increased focus on sustainability is driving the adoption of connected features in electric vehicles (EVs), such as sophisticated battery management and efficient route planning to maximize range.

     

    The rise of subscription-based models in connected services, where consumers pay recurring fees for continuous updates and premium features, is reshaping how manufacturers monetize connectivity.

     

    There is growing emphasis on cybersecurity measures as connected cars become more prevalent, leading to the development of advanced security protocols to protect against hacking and unauthorized data access.

     

    EUROPE CONNECTED CAR MARKET NEW PRODUCT DEVELOPMENT

    Mercedes-Benz introduced its MBUX (Mercedes-Benz User Experience) Infotainment System. The MBUX system exemplifies high-tech integration in automotive user interfaces. It features natural language processing, touch interface capabilities, and is powered by artificial intelligence that learns from the driver’s habits over time. 

     

    Volvo Cars introduced its notable innovations is the Volvo On Call app, which integrates smartphone technology with vehicle functionality to provide a seamless and enriched driving experience. Launched initially as a safety feature, Volvo On Call has evolved into a comprehensive service that includes remote start, pre-heating or cooling of the car, lock status, and car location services. The app also allows users to monitor fuel levels, driving metrics, and even provides tailored driving insights to help reduce emissions and fuel consumption, aligning with Volvo’s environmental commitments.

     

    Audi introduced its innovative Audi connect® technology. This system integrates user-friendly technology with sophisticated car management features to elevate the driving experience. Audi connect® offers a suite of digital services and features that include navigation with Google Earth™, traffic information, and Wi-Fi hotspot capabilities, making it a highly versatile system for drivers and passengers alike.

     

    EUROPE CONNECTED CAR MARKET DEVELOPMENTS AND INNOVATIONS

     

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Stellates to develop connected car services to boost revenue Stellates will invest more than £25 billion in vehicle connectivity and electrification as it seeks to create a new revenue stream from software-enabled products and subscriptions. Europe This would enhance better Technologies and production

     

    EUROPE CONNECTED CAR MARKET DYNAMICS

    Connected vehicles have increased the opportunities of potential for improving performance of the vehicle. When General Motors released OnStar in 1996, they collaborated with Motorola Automotive to create the first linked automobile.

     

    At the time, cellular call communications were unreliable, and GM sought to develop a protection solution. Over time, linked automobile safety systems gained characteristics such as GPS position and the capacity to use speech and communications around the same time.

     

    Broadband connections can offer notifications for traffic, crashes, as well as other safety issues. This allows the operator to interface to web networks, allowing for meaningful communication.

     

    The rise in consumer demand for connection solutions, the increased requirement for continual connectivity, the increased reliance on technology, as well as the development in tech-savvy demographic are the primary drivers driving the growth of the worldwide connected vehicles market.

     

    Interconnections options, including the machine-to-machine (M2M) communication platform, have indeed been created throughout time by automobile manufacturers and distributors.

     

    This M2M technology in a car allows two linked automobiles to communicate with one another. Aspects which including technical developments, increased vehicle manufacturing, and increased desire for style and comfort in automobiles are likely to enhance industry expansion.

     

    Furthermore, issues such as improved worldwide vehicle regulations and the high operating cost of simple suspension devices are expected to stymie the expansion of the connected car industry.

     

    infographic: Europe Connected Car Market, Europe Connected Car Market Size, Europe Connected Car Market Trends, Europe Connected Car Market Forecast, Europe Connected Car Market Risks, Europe Connected Car Market Report, Europe Connected Car Market Share

     

    EUROPE CONNECTED CAR MARKET RECENT TECHNOLOGICAL TRENDS

     

    Sr. No. Timeline Company Updates
    1 December 2021 Opel Qualcomm Technologies and Opel brought cutting-edge in-cabin experiences in Stylish New Opel Astra which will utilize next-generation Snapdragon Automotive Cockpit Platforms.
    2 February 2021 Robert Bosch Robert Bosch decided to build, develop, and deploy a vehicle development platform to streamline the production of components required to produce connected vehicles by integrating Bosch’s component technology with Microsoft’s cloud services.
    3 February 2021 Harman Harman acquired Savari Inc. in a strategic move to develop vehicle-to-everything (V2X) communication technology using a 5G network to be installed on automotive platforms and devices.
    4 July 2020 BMW BMW rolled out its biggest connected car software update bringing a range of new services and features to some of the most popular models in its line-up. The free update brought cloud-based navigation to BMW Maps, enable the Digital Key technology for Apple iPhones, and redesign the BMW Intelligent Personal Assistant, as well as introduce wireless Android Auto for the first time.
    5 April 2019 Zhubei Zhubei launched Zhubei Rental Connect – a technology platform specifically designed for fleets of rental and loaner vehicles, allowing fleet operators a more holistic way to track and manage their fleets in a real-time environment.

     

    The term connected vehicle refers to a Computing (IoT) technology with far-reaching ramifications. One of the key applications for the IoT automobile is safety, which may be achieved through speedy vehicle-to-vehicle and vehicle-to-roadside component connections (also known as V2X).

     

    There has also been a key driver for the connected vehicle integration which is the increasing trend in ADAS systems in automobiles since these capabilities assure increased levels of safety.

     

    Different governments throughout the world are also concentrating on legislating several ADAS and safety measures. This has brought upon a better technological advancement and integration of connected car technologies in the market.

     

    This innovation will also be used by self-driving vehicles to interface with the transportation infrastructure as well as cloud system. However, linked automobiles are currently changing the automobile sector. Buyers are gravitating toward linked automobiles as more smart vehicles are introduced.

     

    Connected technology will become the new standard in the next years, improving safety and reducing fatalities. The next generation 5G communication will advance technology, making interconnected automobiles increasingly intelligent and easier to operate.

     

    In the automobile industry, there has been a multi-level integration of communication systems, with V2C connectivity being of particular importance.

     

    The V2C correlation was obtained using the cellular LTE network and transfers data to the cloud. Car-to-cloud communication is mostly used for acquiring over-the-air (OTA) automotive modifications, remote vehicle inspections, and connecting with Connected systems.

     

    infographic: Europe Connected Car Market, Europe Connected Car Market Size, Europe Connected Car Market Trends, Europe Connected Car Market Forecast, Europe Connected Car Market Risks, Europe Connected Car Market Report, Europe Connected Car Market Share

     

    EUROPE CONNECTED CAR MARKET SEGMENTATION

     

    By Region:

    • Western Europe
    • Eastern Europe

     

    By Connectivity Solution:

    • Embedded
    • Tethered
    • Integrated

     

    By Service:

    • Driver Assistance & Safety
    • Navigation & Infotainment
    • Remote Diagnostics & Fleet Management

     

    By Vehicle Type:

    • Passenger Cars
    • Commercial Vehicles

     

    EUROPE CONNECTED CAR MARKET COMPETITIVE LANDSCAPE

    Linked automobiles have more connection options than most other mobile networks. In addition to providing consumers with real-time access to a variety of information, they may permit interaction between the automobile and the dealership and notify emergency personnel if users have been involved in an accident.

     

    An interconnected automobile is something that has its very own online connection, often via a wireless local area network (WLAN), which effectively allows to exchange internet connectivity and communications with certain other electronics both inside and outside the automobile.

     

    Robert Bosch is one of the leading developers of the connected technologies of automotive in the market. Bosch joins the car’s modules to construct comprehensive systems that handle energy, safety, protection, and communications optimally.

     

    Automobile organizations generate the majority of data communicated to the network and consume the majority of data obtained from this. Automobiles can be interconnected to external IT infrastructure and network operators via the mobile broadband, making it an important element of integrated mobility solutions.

     

    Bosch could enable direct car connectivity, among other things. Wireless systems transmit data directly between cars and, for example, the infrastructures. This one will establish the groundwork for data-driven assistance without the need for the world wide web.

     

    Qualcomm Europe is a global developer of the connected vehicle technologies for the market integration at a multi-integrative effort. The Snapdragon Digital Chassis enables smarter, more comprehensive in-vehicle interactions which can be updated on the fly with new resources and functionality.

     

    Qualcomm Snapdragon Automobile 4G and 5G Systems, with embedded C-V2X, Wi-Fi, Bluetooth, and accurate location capabilities, system inputs and outputs manufacturers and Tier 1 suppliers to address the growing requirement for customized and premium driving experiences driven by 4G LTE and 5G associated technology.

     

    Qualcomm Snapdragon Ride Framework now has a more extensive product route map, which includes the first-announced easily deployable and automated cruising SoC technologies constructed on 5nm production technologies, as well as an increasingly broad software environment with manufacturing bundles for vision perceived notion, parking, and operator tracking.

     

    EUROPE CONNECTED CAR MARKET COMPANIES PROFILED

    • Volkswagen AG
    • BMW AG
    • Daimler AG (Mercedes-Benz)
    • Audi AG
    • Renault Group
    • PSA Group (Stellantis)
    • Ford Europe
    • Volvo Cars
    • Tesla, Inc.
    • Continental AG

     

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What is the projected size of the Europe Connected Car Market by 2030?
    2. Which European countries are leading in connected car technology adoption?
    3. What are the main drivers behind the growth of the connected car market in Europe?
    4. How are consumer preferences changing with respect to connected car features?
    5. What role does government regulation play in shaping the connected car market in Europe?
    6. How are data privacy concerns being addressed in the connected car industry?
    7. Which automotive manufacturers are leading in connected car sales in Europe?
    8. How significant is the role of electric vehicles in the connected car market?
    9. What are the most common connectivity features offered in connected cars in Europe?
    10. How is 5G technology impacting the development of connected car services?
    11. What partnerships are forming between tech companies and automotive manufacturers?
    12. How are automotive manufacturers monetizing connected car data?
    13. What cybersecurity measures are being implemented in connected cars?
    14. What trends are emerging in the connected car insurance market?
    15. How are connected cars integrating with smart city infrastructure?
    16. What are the challenges facing the rollout of V2X (vehicle-to-everything) technology?
    17. How is artificial intelligence (AI) being incorporated into connected car functions?
    18. What innovations are emerging in vehicle-to-grid (V2G) technologies for connected cars?
    19. How prevalent are over-the-air (OTA) updates in the European connected car market?
    20. What are the leading apps and services developed specifically for connected cars?
    21. How does the penetration of connected cars vary across different European regions?
    22. What impact does the connected car market have on automotive supply chains in Europe?
    23. How are consumer concerns about surveillance and data security affecting market growth?
    24. What is the future of autonomous driving features in connected cars?
    25. Which tech startups are influencing the connected car market in Europe?
    26. How are interoperability issues between different car manufacturers being addressed?
    27. What role does edge computing play in connected car technology?
    28. How are connected cars being tested and certified for safety in Europe?
    29. What are the economic impacts of widespread connected car adoption on traditional automotive markets?
    30. How are manufacturers addressing the issue of hardware obsolescence in connected cars?
    Sl no Topic
    1 Market Segmentation
    2 Scope of the Report
    3 Research Methodology
    4 Executive Summary
    5 Introduction
    6 Average B-2-B Selling Price in Past 5 Years
    7 Insights from Industry Stakeholders
    8 Cost Breakdown of Product Components and Average Profit Margin
    9 Disruptive Innovation in the Industry
    10 Technological Innovations in Europe Connected Car Market 2024-2030
    11 Connectivity Solutions and Infrastructure
    12 Data Analytics and Big Data in Connected Cars
    13 Cybersecurity and Data Privacy
    14 Vehicle-to-Everything (V2X) Communication
    15 Autonomous Driving Technologies
    16 User Interface and User Experience (UI/UX) in Connected Cars
    17 Integration with Smart Cities and IoT
    18 Electric Vehicles and Connectivity
    19 New Product Development in the Past 12 Months
    20 Market Size, Dynamics, and Forecast by Geography (2024-2030)
    21 Market Size, Dynamics, and Forecast by Product Type (2024-2030)
    22 Market Size, Dynamics, and Forecast by Application (2024-2030)
    23 Market Size, Dynamics, and Forecast by Technology (2024-2030)
    24 Competitive Landscape and Market Share Analysis
    25 Growth Strategy of Leading Players
    26 Market Share of Vendors (2023)
    27 Company Profiles
    28 Unmet Needs and Opportunities for New Suppliers
    29 Conclusion
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