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Connected Vehicles: Operator Opportunities, Competitor Leaderboard & Market Forecasts

  • Report

  • January 2023
  • Region: Global
  • Juniper Research
  • ID: 5791192
The new Connected Vehicles research report provides an independent analysis of the future evolution of this fast-paced market and advanced connectivity solutions within the automotive industry. It provides a comprehensive study of the increase in constant connectivity technology features in cars being adopted by automotive original equipment manufacturers, how the rise of 5G is impacting the connected cars market expansion, and the key role mobile network operators have in driving the market forward in order to offer advanced connectivity and an enhanced driving experience. The connected car technologies research also analyses a wide range of other new developments and technological advancements and key trends in this highly important market. The connected vehicle services report presents comprehensive market forecasts; with major factors that include extensive insights into how many connected vehicles are in service, how many of them use 5G, which are consumer and commercial vehicles, data usage by these vehicles, and the revenue associated with providing this connectivity for operators. The connected services market size report positions 20 key market players in the Competitor Leaderboard; providing an invaluable resource for stakeholders seeking to understand the demand for advanced features and connectivity solutions, the increase in demand, and the competitive landscape in the market.

Key Statistics

  • 192mn vehicles in service - Market size in 2023
  • 367mn vehicles in service - Market size in 2027
  • 91% - 2023-2027 market growth
  • 2023-2027 - Forecast period

Key Features

Market Dynamics: Provides a detailed assessment of market drivers and the key market trends within the connected vehicles' market share, as well as an in-depth evaluation of the economic growth of its future development and readiness for further disruption.

Mobile Network Operators Opportunity Market Analysis: Analysis of how the operators will gain from the growth and improvement of advanced in-vehicle connectivity and real-time data, presenting their key opportunities in the connected car industry.

Competitor Leaderboard: Key player capability and capacity assessment for 20 connected vehicle management platform providers; positioning them as either established leaders, leading challengers, or disruptors and challengers. Our Competitor Leaderboard scores these companies on their size of operations in the connected vehicles space, their extent and breadth of market partnerships, the sophistication of their platforms and the publisher’s view on each company’s innovation and future business prospects. The company profiles included in the Connected Vehicles Competitor Leaderboard are the following major players:
  • ADLINK
  • Airbiquity
  • AT&T
  • Cisco
  • Ericsson
  • Giesecke+Devrient
  • Gosuncn
  • HopeChart
  • Huawei
  • IBM
  • IDEMIA
  • KORE Wireless
  • KPIT Technologies
  • Mojio
  • Octo Telematics
  • Qualcomm
  • Thales
  • Verizon
  • Vodafone
  • WirelessCar
Benchmark Industry Forecasts: 5-year forecasts for the connected vehicles market, including the number of vehicles with embedded connectivity, revenue for operators and data usage, split by total and 5G, as well as by consumer vehicles versus commercial vehicles. Data is also split by our 8 key regions and the 60 countries listed below:

North America:
  • Canada, US
Latin America:
  • Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
West Europe:
  • Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
Central & East Europe:
  • Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
Far East & China:
  • China, Hong Kong, Japan, South Korea
Indian Subcontinent:
  • Bangladesh, India, Nepal, Pakistan
Rest of Asia Pacific:
  • Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
Africa & Middle East:
  • Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Research Deliverables

  • Market Trends & Forecasts PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
  • Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
  • harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.

Executive Summary

The number of connected vehicles in service will reach 367 million globally in 2027, from 192 million in 2023. This growth of 91% will be driven by the advancement of both ADAS and increasing the capabilities of in-vehicle infotainment systems. 5G’s high speed and low-latency capabilities will be transformative to these goals, requiring effective collaborations between automotive OEMs and operators to realise.
- Operators are critical to unlocking new use cases, such as autonomous driving and data-heavy infotainment, via 5G, representing a $3.6 billion opportunity for providing 5G connectivity enablement in 2027 globally.
- 5G can allow automotive OEMs to upgrade the in-vehicle experience. In a vehicle market transitioning to electric vehicles, improving the user experience is key. Operators hold the critical role in enabling this in a reliable way, making them the partners of choice as their 5G networks rapidly expand.
- By 2027, commercial vehicles will only account for 20% of connected vehicles worldwide, representing a small increase from 16% by the end of 2023. Commercial vehicle design is not leveraging connectivity beyond simple emergency call features and basic connected infotainment systems, although this is changing, as businesses prioritise tracking and logistics capabilities.
- Accordingly, automotive OEMs should prioritise integrations with common fleet tracking systems out of the factory to maximise the benefits of connectivity, and to enable commercial fleet owners to maximise efficiency in their processes.

Companies Mentioned

  • ADLINK
  • Airbiquity
  • AT&T
  • Cisco
  • Ericsson
  • Giesecke+Devrient
  • Gosuncn
  • HopeChart
  • Huawei
  • IBM
  • IDEMIA
  • KORE Wireless
  • KPIT Technologies
  • Mojio
  • Octo Telematics
  • Qualcomm
  • Thales
  • Verizon
  • Vodafone
  • WirelessCar