The India connected car market is projected to grow at a CAGR 19.58% rate during the forecast period. Some of the major growth drivers are increase in connected features offered by automobile manufacturers in economy models and government mandates regarding connected technology in passenger cars.
Embedded segment is expected to be the largest as well as the fastest segment in the India connected car market. One of the key drivers for the embedded form segment is the increase in demand for infotainment and navigation services in India. The government has also started implementing mandates for connected services. For instance, the India government has mandated connected features for public transport vehicles under AIS-140. The mandate was regulated and enforced from April 2018 and is expected to be a crucial factor for the integration of connected technologies in passenger cars in the coming years. This has been done for the development of an intelligent transportation system (ITS), which is a key feature for a smart city. Hence, the embedded form segment would be driven by government initiatives and regulations.
Cellular segment is expected to dominate the India connected car market. Owing to the increase in connected features offered by automobile manufacturers in economy models and government mandates regarding connected technology in passenger cars, the cellular segment is likely to witness exponential growth in the near future. Also, gradual growth in such features in buses, trucks, and LCVs has further inflated the growth of this segment during the forecast period.
Sensor is estimated to be the fastest market during the forecast period. With increasing initiatives by several governments to implement an intelligent transport system, OEMs and Tier I suppliers are manufacturing smart antennas to meet the requirement of connected car services. Sensors act as eyes of the vehicle and help monitor the distance from ahead, behind, or the sides of the vehicle and provide vital data for control console.
Key Market Players include Bosch (Germany), Harman (US), Denso (Japan), NXP (Netherlands), Garmin (US), UNO Minda (India), and Delphi (UK).
Key Questions:
· How will the trend of connected cars in India shape the automotive software market in the long term?
· How will the implementation of emission norms and increasing adoption of EVs impact the market?
· What changes can be expected in the connected car technology owing to increase in cybersecurity threats?
· How can automotive software developers cater to the demand for advance technologies to integrate ADAS features in the vehicles?
· What are the key strategies adopted by the leading players in this market?
1. Introduction
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
1.1. Limitations and Assumptions
3. Executive Summary
4. Market Dynamics
4.1. Drivers
4.1.1.Economy Car Manufacturers Attempting to Provide Luxury Features
4.1.2.Government Initiatives for Implementing the Connected Car Technology
4.2. Opportunities
4.2.1.Emerging Profit Pool for Automotive Industry
4.2.2.Evolution of the New Value Chain Ecosystem of the Automotive Industry
4.3. Challenges
4.3.1.Increase in the Threat of Data Breach and Cyber Security for Connected Vehicles
4.3.2.Increase in Price of the Vehicle With Connected Services
5. India Connected Car Market, By Platform
5.1. Android Auto
5.2. Carplay
5.3. Mirrorlink
5.4. Others
6. India Connected Car Market, By Connectivity Form Factor
6.1. Embedded
6.2. Tethered
6.3. Integrated
7. India Connected Car Market, By Service/Application
7.1. Telematics
7.2. Ride Sharing/Hailing
7.3. Others (OTA Updates, Safety & Security, Autonomous Driving)
8. India Connected Car Market, By Hardware
8.1. Smart Antenna
8.2. Display
8.3. Electronic Control Unit (ECU)
8.4. Sensors
9. India Connected Car Market, By Connectivity Technology
9.1. Cellular
9.2. Dedicated Short Range Communication (DSRC)
10. Company Profiles
10.1. Bosch
10.2. Denso
10.3. NXP
10.4. Garmin
10.5. Harman
10.6. Tomtom
10.7. Uno Minda
10.8. Sasken
10.9. Delphi
10.10. Stmicroelectronics
10.11. IBM
10.12. Nuance
*Company introduction, financial information, recent developments, SWOT analysis.
11. Conclusion and Recommendations
12. Appendix
12.1. About
12.2. Related Reports
12.3. Glossary
