Global Automotive Connectivity Control Unit Market, By Product Type (External Vehicle Communication Control, In-Vehicle Communication Control), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket) – Industry Trends and Forecast to 2029.
Automotive Connectivity Control Unit Market Analysis and Size
Automotive wireless and electronics technologies have advanced by leaps and bounds in recent years. Innovations in these technologies, combined with changing lifestyles and device convergence, are allowing automobiles to go beyond traditional vehicle transportation.
Data Bridge Market Research analyses that the automotive connectivity control unit market was valued at USD 58.9 billion in 2021 and is expected to reach the value of USD 346.60 billion by 2029, at a CAGR of 24.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Connectivity Control Unit Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (External Vehicle Communication Control, In-Vehicle Communication Control), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Alpine Electronics, Inc. (Japan), Garmin Ltd (U.S.), Pioneer Corporation (Japan), HARMAN International (U.S.), Panasonic Corporation (Japan), Clarion (Japan), TomTom International B.V. (Netherlands), Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), Delphi Technologies (U.K.), DENSO CORPORATION. (Japan), Visteon Corporation (U.S.), JVCKENWOOD Corporation (Japan), Pioneer Corporation (Japan), AISIN SEIKI Co., Ltd. (Japan), Blaupunkt (Germany), Bose Corporation (U.S.), and Magneti Marelli S.p.A. (Italy)
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Market Opportunities
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Market Definition
The automotive connectivity control unit is a critical component of vehicle connectivity. The automotive connectivity control unit communicates and transmits data to the outside world. The unit manages vehicle-to-vehicle and vehicle-to-infrastructure communication, which is an essential function in self-driving cars. Connected cars have enormous potential in the automotive industry's future.
Global Automotive Connectivity Control Unit Market Dynamics
Drivers
- Growing need of connectivity control units in the automotive sector
The growing demand for automotive connected cars is the primary factor driving global demand for automotive connectivity control units. One of the major factors driving demand for automotive connectivity control units during the forecast period is the increasing implementation of stringent regulations in various countries concerning the safety of vehicle occupants. The ecall function, which requires the automotive connectivity control unit in the vehicle to operate an emergency call system, became mandatory in the European Union in March 2018. The automotive connectivity control unit also sends data to fleet management software solutions, allowing them to easily perform various complex functions.
- Improved occupant safety and other various benefits associated with technology
Autonomous vehicle technology and electrified powertrains are expected to generate significant consumer interest and have long-term value potential. The automotive connectivity control unit, used in advanced driver assistance systems, is critical in autonomous driving technology. Due to the numerous benefits and improved occupant safety, the demand for automotive connectivity control units is expected to increase significantly in the coming years.
Opportunity
The adoption of fleet management software solutions and the introduction of advanced driver assistance systems will create new opportunities for the growth of the automotive connectivity control unit market during the forecast period.
Restraints
Increasing costs associated with advanced technology usage and a lack of public awareness about the benefits of available technology are acting as market restraints for automotive connectivity control units during the forecasted period.
This automotive connectivity control unit market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive connectivity control unit market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automotive Connectivity Control Unit Market
The COVID-19 crisis shook every market, including the automotive industry. The closure of assembly plants and large-scale manufacturing interruptions resulted in a drop in global demand for automobiles, indirectly impacting the automotive connectivity control unit market. Governments in various regions declared total lockdown and temporary shutdowns of industries, followed by closures of national and international borders, limiting the movement of transportation and logistics services. Furthermore, the COVID-19 pandemic disrupted mass manufacturing throughout Europe, forced the closure of U.S. assembly plants, and halted Chinese parts exportation, putting a significant strain on key players and prompting merger and acquisition activity. However, the overall service activities of market participants registered a steady and favourable recovery in the following months, as passenger car sales increased, resulting in increased demand for the automotive connectivity control unit market. The desire for electric vehicles is currently driving a major recovery in product sales across the retail sector, which benefits the automotive connectivity control unit market. The global market is slowly returning to normalcy, with new limits and laws.
Global Automotive Connectivity Control Unit Market Scope
The automotive connectivity control unit market is segmented on the basis of product type, vehicle type, and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- External Vehicle Communication Control
- In-Vehicle Communication Control
Sales channel
- OEM
- Aftermarket
Vehicle type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Automotive Connectivity Control Unit Market Regional Analysis/Insights
The automotive connectivity control unit market is analysed and market size insights and trends are provided by country of product type, vehicle type, and sales channel as referenced above.
The countries covered in the automotive connectivity control unit market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
China will dominate the Asia-Pacific automotive connectivity control unit market due to rising middle-class disposable income and economic growth.
United States will grow in the North American automotive connectivity control unit market during the forecast period of 2022-2029 due to increased investment in research and development projects for the introduction of advanced technology.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Connectivity Control Unit Market Share Analysis
The automotive connectivity control unit market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive connectivity control unit market.
Some of the major players operating in the automotive connectivity control unit market are:
- Alpine Electronics, Inc. (Japan)
- Garmin Ltd (U.S.)
- Pioneer Corporation (Japan)
- HARMAN International (U.S.)
- Panasonic Corporation (Japan)
- Clarion (Japan)
- TomTom International B.V. (Netherlands)
- Mitsubishi Electric Corporation (Japan)
- Continental AG (Germany)
- Robert Bosch GmbH (Germany)
- Delphi Technologies (U.K.)
- DENSO CORPORATION. (Japan)
- Visteon Corporation (U.S.)
- JVCKENWOOD Corporation (Japan)
- Pioneer Corporation (Japan)
- AISIN SEIKI Co., Ltd. (Japan)
- Blaupunkt (Germany)
- Bose Corporation (U.S.)
- Magneti Marelli S.p.A. (Italy)
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