Europe Connected Cars Market is expected to reach US$ 49.7 Billion by 2032

The market for connected cars in Europe is predicted to reach US$ 49.7 billion by 2032, growing at a CAGR of 15.6% between 2022 and 2032.The use of all connected devices inside and outside of a car is made possible by connected vehicles, which also enable drivers to keep a safe distance between other vehicles on the road. The physical condition and operational performance of these vehicles can also be mechanically checked by the driver. Smartphones and other mobile devices can be connected to cars using connected automated driving.

Through connectivity solutions, customers can access the vehicle and receive up-to-date performance data. The Europe connected cars market refers to the industry of connected vehicles, which are equipped with Internet connectivity and a range of advanced technologies such as sensors, cameras, and software. Connected cars enable drivers to access a range of digital services, such as real-time traffic information, entertainment, and remote vehicle monitoring.

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The European connected cars market is expected to grow rapidly in the coming years, driven by factors such as increasing demand for connected services, government initiatives promoting connected vehicle technology, and the emergence of new mobility models such as ride-sharing and car-sharing.

Connected cars are also seen as an important enabler of autonomous driving, which is expected to revolutionize the automotive industry in the years to come. Autonomous driving requires highly sophisticated software and connectivity solutions to enable vehicles to communicate with each other and with the surrounding infrastructure.

In addition, telecommunications companies and network providers such as Vodafone, Orange, and Deutsche Telekom are also playing a significant role in the Europe connected cars market by providing the necessary connectivity infrastructure for connected vehicles.

Overall, the Europe connected cars market is expected to continue to grow in the coming years, driven by increasing consumer demand for connected services and the emergence of new technologies such as autonomous driving.

Competitive Landscape

With players including Denso Corporation, Continental AG, Autoliv, Robert Bosch GmbH, Harman International, and Delphi Automotive LLP, the European connected car industry is somewhat concentrated. As the need for linked systems in the area increases, connected-car manufacturers are developing new products with cutting-edge technology in an effort to get an advantage over their rivals. As a result, businesses are concentrating on the application and advancement of 5G in vehicles to obtain a competitive edge over other market participants.

• In May 2022, in a joint effort to create safe and dependable connected vehicle solutions, Harman and Amazon announced their collaboration for the creation of cutting-edge software-defined vehicles that will aid OEMs in overcoming a number of reliability and safety issues.

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