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Asia Pacific Connected Vehicle Market Forecast to 2030 - Regional Analysis - by Technology (5G, 4G/LTE, and 3G & 2G), Connectivity (Integrated, Tethered, and Embedded), and Application (Telematics, Infotainment, Driving Assistance, and Others)

April 2024 | 102 pages | ID: A43950E078D2EN
The Insight Partners

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The Asia Pacific connected vehicle market was valued at US$ 21,660.03 million in 2022 and is expected to reach US$ 95,193.79 million by 2030; it is estimated to register a CAGR of 20.3% from 2022 to 2030.

Increasing Smart City Initiatives Fuel Asia Pacific Connected Vehicle Market

The impact of smart cities and infrastructure development on the demand for the connected vehicle market in the coming years is poised to be transformative. As cities across the globe continue to evolve into intelligent, tech-driven urban centers, the synergy between these developments and the connected vehicle market is set to shape the future of urban mobility. The growing emphasis on innovative city initiatives drives investments in infrastructure supporting connected vehicles. These investments encompass the deployment of sensors, data networks, and real-time traffic management systems that create a rich ecosystem of data that is favorable for the connected vehicles industry. Such initiatives are positively impacting the overall development and adoption of smart cities. As smart cities increasingly prioritize environmental sustainability, the demand for connected vehicles, particularly electric and hybrid models, is expected to surge. These cities actively promote eco-friendly transportation options to reduce emissions and combat pollution. Connected vehicles play a pivotal role in this endeavor by offering features such as energy management, remote diagnostics, and optimized charging, all of which contribute to a greener, more sustainable urban transportation ecosystem. As cities continue to incentivize and invest in green mobility solutions, the market demand for connected vehicles with environmentally friendly features is set to grow substantially.

Asia Pacific Connected Vehicle Market Overview

Asia Pacific is home to one of the most dynamic and rapidly evolving automotive industries in the world. As the world's largest and most populous region, it encompasses a diverse landscape of automotive manufacturers, from established giants to emerging players. Within this vibrant sector, the connected vehicle industry is gaining significant traction and reshaping the way people interact with their vehicles and the transportation ecosystem. A blend of innovation, urbanization, and a growing middle-class population characterizes the connected vehicle industry in Asia Pacific. Leading automakers across the region, including Toyota, Hyundai, and BYD, are investing heavily in integrating advanced connectivity features into their vehicles. For instance, Toyota Corporation invested US$ 600 million in China's mobility technology company, DiDi, Global.

The region is witnessing substantial growth in electric-connected vehicles, with a focus on energy-efficient routing and intelligent charging solutions. Major countries such as China and India are actively promoting electric mobility, providing incentives for electric vehicle adoption, and supporting the development of charging infrastructure. The robust digital infrastructure in the region, including the deployment of 5G networks, further accelerates the growth of the connected vehicle industry. With high-speed, low-latency connectivity, vehicles can access real-time data, receive over-the-air updates, and communicate seamlessly with other vehicles and infrastructure.

Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Connected Vehicle Market Segmentation

The Asia pacific connected vehicle market is segmented based on technology, connectivity, application, and country.

Based on technology, the Asia pacific connected vehicle market is categorized into 5G, 4G/LTE, and 3G & 2G. The 4G/LTE segment held the largest market share in 2022.

Based on connectivity, the Asia pacific connected vehicle market is segmented into integrated, tethered, and embedded. The integrated segment held the largest market share in 2022.

Based on application the Asia pacific connected vehicle market is categorized into telematics, infotainment, driving assistance, and others. The infotainment segment held the largest market share in 2022.

Based on country, the Asia pacific connected vehicle market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia pacific. China dominated the Asia pacific connected vehicle market share in 2022.

AT&T, Audi AG, Bayerische Motoren Werke AG, Continental AG, Denso, General Motors Co, Harman International Industries Inc, Robert Bosch GmbH, Visteon Corp, and Vodafone Group Plc are among the leading companies operating in the Asia pacific connected vehicle market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. ASIA PACIFIC CONNECTED VEHICLE MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 Automakers and OEMs
  4.3.2 Tier 1 Suppliers
  4.3.3 Tier 2 and Tier 3 Suppliers
  4.3.4 Telecommunications Providers
  4.3.5 Technology Providers
  4.3.6 Government Regulations and Standards Bodies
  4.3.7 Data Providers
  4.3.8 Logistics and Distribution
  4.3.9 Service and Maintenance Providers
  4.3.10 End Users
  4.3.11 Aftermarket Providers

5. ASIA PACIFIC CONNECTED VEHICLE MARKET - KEY INDUSTRY DYNAMICS

5.1 Connected Vehicle Market - Key Industry Dynamics
5.2 Market Drivers
  5.2.1 Growing demand for driving assistance system
  5.2.2 Advancements in Connectivity Technology
5.3 Market Restraints
  5.3.1 Data Privacy and Security Concerns
  5.3.2 High Initial Costs and Affordability Concerns
5.4 Market Opportunities
  5.4.1 Increasing smart city initiatives
  5.4.2 Adoption of Autonomous vehicles
5.5 Future Trends
  5.5.1 Connected Car Data Monetization
5.6 Impact of Drivers and Restraints:

6. ASIA PACIFIC CONNECTED VEHICLE MARKET - COUNTRY MARKET ANALYSIS

6.1 Connected Vehicle Market Revenue (US$ Million), 2022 - 2030
6.2 Connected Vehicle Market Forecast and Analysis

7. ASIA PACIFIC CONNECTED VEHICLE MARKET ANALYSIS - TECHNOLOGY

7.1 Connected Vehicle Market, By Technology (2022 and 2030)
7.2 5G
  7.2.1 Overview
  7.2.2 5G Market, Revenue and Forecast to 2030 (US$ Million)
7.3 4G
  7.3.1 Overview
  7.3.2 4G Market, Revenue and Forecast to 2030 (US$ Million)
7.4 3G & 2G
  7.4.1 Overview
  7.4.2 3G & 2G Market, Revenue and Forecast to 2030 (US$ Million)

8. ASIA PACIFIC CONNECTED VEHICLE MARKET ANALYSIS - CONNECTIVITY

8.1 Connected Vehicle Market, By Connectivity (2022 and 2030)
8.2 Integrated
  8.2.1 Overview
  8.2.2 Integrated Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Tethered
  8.3.1 Overview
  8.3.2 Tethered Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Embedded
  8.4.1 Overview
  8.4.2 Embedded Market, Revenue and Forecast to 2030 (US$ Million)

9. ASIA PACIFIC CONNECTED VEHICLE MARKET ANALYSIS - APPLICATION

9.1 Connected Vehicle Market, By Application (2022 and 2030)
9.2 Telematics
  9.2.1 Overview
  9.2.2 Telematics Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Infotainment
  9.3.1 Overview
  9.3.2 Infotainment Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Driving assistance
  9.4.1 Overview
  9.4.2 Driving assistance Market, Revenue and Forecast to 2030 (US$ Million)
9.5 Others
  9.5.1 Overview
  9.5.2 Others Market, Revenue and 2022-2030 to 2030 (US$ Million)

10. ASIA PACIFIC CONNECTED VEHICLE MARKET - COUNTRY ANALYSIS

10.1 Asia Pacific
  10.1.1 Overview
  10.1.2 Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 - By Country
    10.1.2.1 Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.2.1.1 Australia Connected Vehicle Market Breakdown by Technology
      10.1.2.1.2 Australia Connected Vehicle Market Breakdown by Connectivity
      10.1.2.1.3 Australia Connected Vehicle Market Breakdown by Application
    10.1.2.2 China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.2.2.1 China Connected Vehicle Market Breakdown by Technology
      10.1.2.2.2 China Connected Vehicle Market Breakdown by Connectivity
      10.1.2.2.3 China Connected Vehicle Market Breakdown by Application
    10.1.2.3 India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.2.3.1 India Connected Vehicle Market Breakdown by Technology
      10.1.2.3.2 India Connected Vehicle Market Breakdown by Connectivity
      10.1.2.3.3 India Connected Vehicle Market Breakdown by Application
    10.1.2.4 Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.2.4.1 Japan Connected Vehicle Market Breakdown by Technology
      10.1.2.4.2 Japan Connected Vehicle Market Breakdown by Connectivity
      10.1.2.4.3 Japan Connected Vehicle Market Breakdown by Application
    10.1.2.5 South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.2.5.1 South Korea Connected Vehicle Market Breakdown by Technology
      10.1.2.5.2 South Korea Connected Vehicle Market Breakdown by Connectivity
      10.1.2.5.3 South Korea Connected Vehicle Market Breakdown by Application
    10.1.2.6 Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.2.6.1 Rest of Asia Pacific Connected Vehicle Market Breakdown by Technology
      10.1.2.6.2 Rest of Asia Pacific Connected Vehicle Market Breakdown by Connectivity
      10.1.2.6.3 Rest of Asia Pacific Connected Vehicle Market Breakdown by Application

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. COMPANY PROFILES

12.1 Harman International Industries Inc
  12.1.1 Key Facts
  12.1.2 Business Description
  12.1.3 Products and Services
  12.1.4 Financial Overview
  12.1.5 SWOT Analysis
  12.1.6 Key Developments
12.2 Robert Bosch GmbH
  12.2.1 Key Facts
  12.2.2 Business Description
  12.2.3 Products and Services
  12.2.4 Financial Overview
  12.2.5 SWOT Analysis
  12.2.6 Key Developments
12.3 AT&T Inc
  12.3.1 Key Facts
  12.3.2 Business Description
  12.3.3 Products and Services
  12.3.4 Financial Overview
  12.3.5 SWOT Analysis
  12.3.6 Key Developments
12.4 Denso Corp
  12.4.1 Key Facts
  12.4.2 Business Description
  12.4.3 Products and Services
  12.4.4 Financial Overview
  12.4.5 SWOT Analysis
  12.4.6 Key Developments
12.5 Visteon Corp
  12.5.1 Key Facts
  12.5.2 Business Description
  12.5.3 Products and Services
  12.5.4 Financial Overview
  12.5.5 SWOT Analysis
  12.5.6 Key Developments
12.6 Continental AG
  12.6.1 Key Facts
  12.6.2 Business Description
  12.6.3 Products and Services
  12.6.4 Financial Overview
  12.6.5 SWOT Analysis
  12.6.6 Key Developments
12.7 Audi AG
  12.7.1 Key Facts
  12.7.2 Business Description
  12.7.3 Products and Services
  12.7.4 Financial Overview
  12.7.5 SWOT Analysis
  12.7.6 Key Developments
12.8 General Motors Co
  12.8.1 Key Facts
  12.8.2 Business Description
  12.8.3 Products and Services
  12.8.4 Financial Overview
  12.8.5 SWOT Analysis
  12.8.6 Key Developments
12.9 Bayerische Motoren Werke AG
  12.9.1 Key Facts
  12.9.2 Business Description
  12.9.3 Products and Services
  12.9.4 Financial Overview
  12.9.5 SWOT Analysis
  12.9.6 Key Developments
12.10 Vodafone Group Plc
  12.10.1 Key Facts
  12.10.2 Business Description
  12.10.3 Products and Services
  12.10.4 Financial Overview
  12.10.5 Key Developments

13. APPENDIX

13.1 About The Insight Partners

LIST OF TABLES

Table 1. Connected Vehicle Market Revenue and Forecasts To 2030 (US$ Million)
Table 2. Connected Vehicle Market Revenue and Forecasts To 2030 (US$ Million) - Technology
Table 3. Connected Vehicle Market Revenue and Forecasts To 2030 (US$ Million) - Connectivity
Table 4. Connected Vehicle Market Revenue and Forecasts To 2030 (US$ Million) - Application
Table 5. Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Technology
Table 6. Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Connectivity
Table 7. Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Application
Table 8. China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Technology
Table 9. China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Connectivity
Table 10. China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Application
Table 11. India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Technology
Table 12. India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Connectivity
Table 13. India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Application
Table 14. Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Technology
Table 15. Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Connectivity
Table 16. Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Application
Table 17. South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Technology
Table 18. South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Connectivity
Table 19. South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Application
Table 20. Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Technology
Table 21. Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Connectivity
Table 22. Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) - Application


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