Frost & Sullivan's 2024 Connected Vehicle Growth Outlook

Description

Innovative Business Models Driven by Industry Convergence is Driving Automakers and Ecosystem Players to Offer Enhanced HMI Features and Services

Connected vehicles is one of the most technologically advanced domains in the automotive industry with far-reaching impacts. Connected vehicles, with all its facets, has been a hot topic in recent years and is expected to continue to evolve in 2024 spreading its relevance outside of the vehicle to bring a connected lifestyle to vehicle users. This project provides insights into:

Upcoming technologies, features, services, and trends
The 2023 market scenario and global and regional predictions for 2024, highlighting selected industry best practices
The market by region (Asia-Pacific, China, Europe, India, Japan, North America, South America, South Korea, and the Rest of the World)
Challenges that will reshape the automotive industry, particularly in the connected vehicle space
Participants in different areas of the ecosystem, such as connected services, human-machine interface, connectivity, and navigation

Frost & Sullivan interviewed thought leaders from original equipment manufacturers, Tier I suppliers, technology and telecommunications providers, and other diverse yet related stakeholders. Forecasts are based on three types of connectivity: smartphone, tethered, and embedded. Notably, the analysis examines the growth opportunities available to automakers and Tier I suppliers in the connected cars space for the next few years.

Product Code: PFF1-46

Growth Environment

Key Findings: A Recap of 2023
Key Findings: Top 10 Predictions for 2024
Notable Regulations and Mandates: A Snapshot
The Regional Connected Vehicles Market
OTA-enabled Vehicles: Regional Analysis
Key OEM Partnerships
Connected Vehicle Ecosystem and Related Markets

Transformation in the Connected Vehicles Sector

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Connected Vehicle Industry

Ecosystem

Research Scope
Definitions: Market Segmentation

Global Economic Outlook, 2024

Top 10 Trends for 2024
Top 10 Growth Opportunities
Global GDP Growth: Mild Global Growth Slowdown from 3.0% in 2023 to 2.6% in 2024 as Key Economies Lose Growth Momentum
Inflation and Interest Rates: Headline Inflation will Continue to Decline; H2 2024 Will Shift Towards Rate Cuts for Advanced Economies
Currency Trajectory: Dollar to Remain Strong in H1 2024; Emerging Market Currencies to Get Boost from Q3 2024 Onwards
OIL Markets: Q1 OPEC+ Oil Production Cuts; NON-OPEC Production to Rise
Labor Market: Moderate Unemployment Uptick; Positive Expectations Over Market Sentiment to Support Labor Hoarding
Critical Minerals Supplies: Need for Economic Resiliency Will Bolster Cross-Border and Cross-Industry Partnerships
North America: Economic Slowdown Amidst Discretionary Spending Pullback and Elevated Interest Rates
Western Europe: Moderate Growth Pick-up as Inflation Headwinds Ease Gradually; Rebuilding Fiscal Buffers to Take Precedence
Middle East: Non-Oil Growth Driven by Economic Diversification to Limit the Pullback Caused by a Slowdown in Global Oil Markets
Asia: Emerging Economies to Drive Growth Momentum; Fiscal Measures to Support Chinese Economic Recovery
List of Countries

Global Connected Vehicle Regulations

Connectivity Regulation Snapshot
The European Data Act

Global Connected Vehicle Trends

Top Trends Driving the Global Connected Vehicle Market
Trend 1: Hyper-personalized HMI
Trend 2: Enhanced Focus on OTA Updates
Trend 3: In-vehicle Media Streaming
Trend 4: Renewed Focus on FoD
Trend 5: Automotive App Stores
Trend 6: In-vehicle Gaming Services
Trend 7: Car-as-a-Payment Devices
Impact of Trends by Region: 2024

Growth Generator

Connected Vehicle Sales by Region
Connected Vehicle Penetration by Region
Product Type Forecast
Product Type Snapshot by Region
Pricing and Service Models
OTA Enabled Vehicle Sales by Region
OTA Enabled Vehicle Penetration by Region
OTA Phases and OEM Strategies

Growth Generator: Regional Analysis

Regional Analysis: APAC
Regional Analysis: China
Regional Analysis: Europe
Regional Analysis: India
Regional Analysis: Japan
Regional Analysis: North America
Regional Analysis: South America
Regional Analysis: South Korea

Growth Opportunity Universe

Growth Opportunity 1: In-Vehicle Entertainment and Gaming
Growth Opportunity 2: Connectivity as a Means of Improving Road Safety
Growth Opportunity 3: OTA-Enabled Platforms

Best Practices Recognition

Best Practices Recognition

Frost Radar

Frost Radar

Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
Legal Disclaimer