Worldwide Premium Connected Vehicles Forecast, 2024-2028

Description

This IDC study provides a five-year forecast for the worldwide premium connected vehicles market for 2024-2028."Alongside enabling app store, the emergence of GenAI-powered voice-based assistants has given rise to copilots that can provide advanced assistance in driving, controlling the vehicle operations, and enhanced support with trip planning, navigation, and so forth. This is a key driver for enabling high-speed connectivity and an uptick for premium connected vehicles in the forecast period." - Sandeep Mukunda, research manager, Digital Automotive and Transportation Strategies

Product Code: US52766322

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

For Telcos and Other Connectivity Solution Providers
Transforming Traditional Sales and Customer Relationship Management
Forging Partnerships with Auto OEMs to Invest, Build, and Customize Apps for Connected Infotainment Platforms
Evolving Third-Party Demand for Connected Vehicles Data

Market Forecast

The Americas Premium Connected Vehicles Forecast
EMEA Premium Connected Vehicles Forecast
APAC Premium Connected Vehicles Forecast

Market Context

Drivers and Inhibitors
- Drivers
  - Opportunities with Software-Defined Vehicle Architecture Are Driving Connectivity
  - 5G Accelerating the Adoption of Premium Connectivity and AI-Enabled Features
- Inhibitors
  - High Inflation and Anticipated Slowdown Hampering New Vehicle Sales
  - Increasing Geopolitical Barriers with Import Tariffs and Bans
  - Automakers Face Growing Data Privacy Challenges
Significant Market Developments
- Major OEMs with Premium Connected Infotainment and Key IVI-Related Announcements
- Key CV Data Management Software and Platforms Launches
Changes from Prior Forecast