Connected Car Report 2019

Statista Digital Market Outlook

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Increasing internet penetration inevitably leads to growth of digital services. This development has also reached the automotive industry. OEMs equip their cars with multiple digital components, offering a digital experience, increased driver safety and convenience to their customers. In this report, we define the Connected Car as a car that has a internet connection based on an embedded (eSIM) or external SIM-card, for example via tethering the driver’s smartphone. With this underlying definition, we divide the Connected Car market into a single fee hardware segment (Connected Hardware) and subscription based service segments (Safety & Security, Infotainment Services).
Comparing the three major Connected Car markets – the U.S., China and Europe – the U.S. was the biggest market in 2018 but will be overtaken by Europe until 2023. With a CAGR of 18%, China shows the biggest growth. On a global level, revenues of US$18.4 billion in 2018 will grow to US$30.6 billion in 2023.

  • Language: English
  • Released: December 2018
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