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(I-AutoNewsWire.com, February 10, 2019 ) 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).
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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.
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Key growth factors
o 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.
o Regulatory initiatives relating to safety and security will have a decisive effect on the adoption of OEM telematics all across Europe.
Table Of Content
Chapter 1: Executive summary
1.1. Study segments
1.2. Market segmentation
1.3. Key questions answered in this study
1.4. Executive summary
1.5. Evolution of connected car solution
1.6. SWOT analysis- embedded Solutions
1.7. SWOT analysis- tethered solutions
1.8. SWOT analysis- integrated solutions
1.9. Connected vehicle- ecosystem
1.10. Connected vehicle- integration landscape model
Chapter 2: Europe connected passenger car- market overview
2.1. Europe market overview
2.1. 1. Europe growth drivers
2.1. 2. Europe challenges
2.1. 3. Europe trends
2.1. 4. Leading players in the market
2.2. Europe market size
2.2. 1. Embedded solutions- Historical (2015-2017), forecasted (2018-2023) by value (USD Bn) and volume (Mn units), and key observations
2.2. 2. Integrated solutions- Historical (2015-2017), forecasted (2018-2023) by value (USD Bn) and volume (Mn units), and key observations
2.2. 3. Tethered solutions- Historical (2015-2017), forecasted (2018-2023) by value (USD Bn) and volume (Mn units), and key observations
Chapter 3: Connected passenger car services- value proposition
3.1. Value proposition for connected passenger car services
3.2. Value proposition for original equipment manufacturers (OEMs) - connected passenger car
Chapter 4: Europe connected truck- market overview
4.1. Europe market overview
4.1. 1. Europe growth drivers
4.1. 2. Europe challenges
4.1. 3. Europe trends
4.1. 4. Leading players in the market
4.2. Europe market size
4.2. 1. Fleet management solutions- Historical (2015-2017), forecasted (2018-2023) by value (USD Bn) and volume (Mn units), and key observations
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