2024 Connected Vehicle Growth Outlook: 2024 Anticipated As A Landmark Year For Connected Vehicle Advancements

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, June 11, 2024 (GLOBE NEWSWIRE) -- The "2024 Connected Vehicle Growth Outlook" report has been added to ResearchAndMarkets.com's offering.

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

The publisher 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.

Top Trends Driving the Global Connected Vehicle Market:

  • Hyper-personalized HMI
  • Enhanced Focus on OTA Updates
  • In-vehicle Media Streaming
  • Renewed Focus on FoD
  • Automotive App Stores
  • In-vehicle Gaming Services
  • Car-as-a-Payment Devices

Key Topics Covered:

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


  • 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

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