This comprehensive report looks at the current landscape exploring the impact of 5G, new architectures and the ascendancy of eSIMs as the OEM and CSP relationships develop.

The connected car market is one of the most dynamic and lucrative Internet of Things (IoT) markets.

Wards Intelligence forecasts indicate that the global connected car parc (number of vehicles on the road) will grow from 252 million in 2021 to approximately 1.23 billion in 2034.

Automotive OEMs, tier suppliers, and infrastructure providers, as well as communications service providers (CSPs), network kit vendors, systems integrators (SIs), and application providers, all stand to benefit from the growth of this market.

Steve Bell, Chief Analyst, Connectivity, Wards Intelligence and John Canali, Principal Analyst, IoT, Omdia (Wards Intelligence's research partner) collaborated to produce the Connected Car Report 2023, which provides an update on the fast-growing connected car market and evolving autonomous driving trends. It includes exclusive insight on:

The current landscape, including the impact of 5G, new architectures and the ascendancy of eSIMs as the OEM and CSP relationships develop
Factors that are driving demand, including data demands, safety, ADAS, C-V2X, infotainment, over-the-air updating, satellites for failsafe coverage, the expansion of electric vehicle charging infrastructure and the changing industry business model
Inhibitors to growth, including network sunsets, 5G ecosystem immaturity and possible consolidation within the automotive industry which has implications for CSPs
The latest connected vehicle sales forecast and connected vehicle parc

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Sample Connected Car Analysis

New entrants are looking to differentiate to compete

Barriers to entry, such as development costs, long product cycles, and liability, had insulated the industry in most mature markets. Yet, the Japanese and South Koreans OEMs that followed showed that smaller regional contenders playing a long game could adapt and conquer mature markets.

More recently, Tesla created a paradigm built upon EVs, autonomous driving, a software platform, and a mindset more akin to a Silicon Valley software company than a traditional OEM to become the world’s most valuable automotive brand. Other companies are quickly emerging and targeting the space, including Fisker, Lucid Motors, Rivian, Faraday Future, XPeng, and NIO. Others, such as Huawei, Xiaomi, Baidu, and Sony, are targeting the space either directly or indirectly, and even Apple is rumored to be building its own car.

While it is almost certain that the market will eventually begin to consolidate, these companies are going to push the limits of battery (and other alternative fuels) range and software. Connectivity will be one of the key levers these players use to differentiate their vehicles.

Want access to the rest of the report and to gain a comprehensive overview of the automotive connectivity market landscape and the development of future systems, features and business models? Subscribe to Wards Intelligence today.

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