The Ever-Expanding Connected Car Market

The Ever-Expanding Connected Car Market

Publication Date: 07-Sep-2018

The IHS Markit Connected Car Service provides insight, context, data, and analytics for rapidly growing and evolving automotive connectivity both from a hardware and software perspective. Users can quickly access key insights from market developments, put context around events and technological trends, dive into deep data and forecasts, and seamlessly drive analytics to support their most challenging decisions.

Connected vehicles, which were usually called telematics systems in the past, have received strong interest in the last decade and their importance have increased significantly in the last five year. The rapidly improving wireless and software technologies are major driving forces that make connected vehicles desirable at reasonable costs. The other major reason is the mobile phone and smartphone had created a growing demand for connectivity in connected vehicles by drivers and passengers. Wireless communication to the car is currently dominated by 4G LTE technology. 5G technology is on the horizon, but is not expected in cars until 2021 with volume deployment around 2023. 5G will not become the leading technology in cars until the 2027 timeframe. V2X technologies are also emerging, but there is a technology battle between DSRC-based V2X and C-V2X. It is unclear which technology will dominate and it could depend on regions. It looks like C-V2X has received market momentum and is expected to be the winner in some regions—but volume deployment will follow 5G deployment.

This report is focused on covering telematics and connected car technologies and their current and future applications. It includes an assessment of the status of connected vehicle technologies. Forecast summary of multiple market segments are included on a global basis.


  • Research scope                
  • Research methodology                
  • Terminology                      
  • Executive summary                        

Technology review

  • Key technologies for connected vehicles               
  • Wireless communication                              
  • V2X versus C-V2X                            
  • Connected vehicle applications and software                     
  • Impact on automotive electronics systems                          
  • Connected car hardware cost perspective                            

OEM and supplier analysis

  • Key connected vehicle companies                           
  • Auto OEMs                        
  • Telematics service providers                      
  • Telematics system suppliers                       
  • Connectivity software suppliers                
  • Connected car data monetization companies                     

Connected vehicle market forecasts

  • Regional connected vehicle sales                             
  • Telematics segment forecast trends                       
  • Other connected car forecasts                  

Summary and conclusions

  • Technology summary                    
  • Connected vehicle leaders                          
  • Technology deployment status and trends                           


  • Acronyms and abbreviations

Dr. Egil JuliussenEgil Juliussen

Dr. Egil Juliussen is Director of Research, Automotive Technology at IHS Markit, where he leads research on technology forecasting, competitive analysis and market forecasting.

He has more than 30 years of experience in the computer, communications, Internet and telematics industries.


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