Growth Opportunities for Passenger Vehicle Connected Services in India

Growth Opportunities for Passenger Vehicle Connected Services in India

Voice-assisted Features,Safety, Security, and Remote Services Drive Adoption of Connected Car Technologies

RELEASE DATE
13-May-2022
REGION
South Asia, Middle East & North Africa
Research Code: PC80-01-00-00-00
SKU: AU02331-SA-MT_26533
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Description

India’s connected car market is experiencing major breakthroughs with more original equipment manufacturers (OEMs) introducing new connected car features with every new model launched. Growing demand for comfort, convenience, safety, and security has boosted the market for cars with advanced HMI features, more connected technologies, and the integration of advanced driver assistance system (ADAS) solutions.

Most of the premium OEMs in India now offer either smartphone connectivity or embedded connectivity as a standard feature, expect on the base variant, whereas volume OEMs are offering smartphone connectivity and embedded connectivity on mid and high variants respectively. Customers’ increasing knowledge of connected car services and willingness to pay for premium features have contributed to the growth of connected cars in the Indian market.

This research offers revenue and unit shipment forecasts (2021 to 2028) for the overall Indian connected services market based on the body segment available (hatchback, sedan, SUV, and MPV). It also includes a connected services share forecast for the top 10 OEMs by penetration of connectivity type with a breakdown of their connected platform portfolio features.

Key Issues Addressed

  • What are the growth opportunities for OEMs in the connected services market?
  • What are the drivers and restraints of the connected services market?
  • How are the different types of connectivity distributed across OEMs?
  • What is the connected services market share for the next 5 to 6 years compared to the base year?
  • Who are the main players/OEMs, and what is their place in the connected services market?

Table of Contents

Connected Services Market, Scope of Analysis

Automaker Types

Connectivity Solution Segmentation

Vehicle Body Type Segmentation

Key Competitors in Connected Services

Key Growth Metrics

Growth Drivers

Growth Restraints

Revenue and Unit Shipment Forecast

Revenue Forecast by Segment

Unit Shipment Forecast by Segment

Forecast Assumptions, Revenue, and Pricing Trend Forecast Analysis

Key Growth Metrics

Revenue and Unit Shipment Forecast

Revenue and Pricing Trend Forecast Analysis

Key Growth Metrics

Revenue and Unit Shipment Forecast

Revenue and Pricing Trend Forecast Analysis

Key Growth Metrics

Revenue and Unit Shipment Forecast

Pricing Trends and Forecast Analysis

Key Growth Metrics

Revenue and Unit Shipment Forecast

Pricing Trends and Forecast Analysis

Competitive Environment

Percent Penetration Forecast

Percent Penetration Forecast by Vehicle Segment

Connected Services Market Share Analysis—No Connectivity

Connected Services Market Share Analysis—Smartphone

Connected Services Market Share Analysis—Embedded*

Connected Services Market Share Analysis—Maruti Suzuki

Connected Services Market Share Analysis—Hyundai

Connected Services Market Share Analysis—Tata

Connected Services Market Share Analysis—Mahindra

Connected Services Market Share Analysis—Kia

Connected Services Market Share Analysis—Toyota

Connected Services Market Share Analysis—Renault

Connected Services Market Share Analysis—Honda

Connected Services Market Share Analysis—MG

Connected Services Market Share Analysis—Nissan

Connected Services Market Features in Volume Brands

Connected Services Market Features in Volume Brands (continued)

Maruti Suzuki—Connected Services Market Platforms

Hyundai—Connected Services Market Platforms

Tata—Connected Services Market Platforms

Mahindra—Connected Services Market Platforms

Kia—Connected Services Market Platforms

Toyota—Connected Services Market Platforms

Renault—Connected Services Market Platforms

Honda—Connected Services Market Platforms

MG—Connected Services Market Platforms

Nissan—Connected Services Market Platforms

Growth Opportunity 1—Customers’ Increased Interest in Connected Services for Reach and Compatibility with Smartphone and In-vehicle Systems

Growth Opportunity 1—Customers’ Increased Interest in Connected Services for Reach and Compatibility with Smartphone and In-vehicle Systems (continued)

Growth Opportunity 2—New Revenue Opportunities for OEMs Via Added Features and Technology Inside the Car

Growth Opportunity 2—New Revenue Opportunities for OEMs Via Added Features and Technology Inside the Car (continued)

Growth Opportunity 3—Advanced Connected Car Technology Will Drive Mergers, Acquisitions, and Joint Ventures

Growth Opportunity 3—Advanced Connected Car Technology Will Drive Mergers, Acquisitions, and Joint Ventures (continued)

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Related Research
India’s connected car market is experiencing major breakthroughs with more original equipment manufacturers (OEMs) introducing new connected car features with every new model launched. Growing demand for comfort, convenience, safety, and security has boosted the market for cars with advanced HMI features, more connected technologies, and the integration of advanced driver assistance system (ADAS) solutions. Most of the premium OEMs in India now offer either smartphone connectivity or embedded connectivity as a standard feature, expect on the base variant, whereas volume OEMs are offering smartphone connectivity and embedded connectivity on mid and high variants respectively. Customers’ increasing knowledge of connected car services and willingness to pay for premium features have contributed to the growth of connected cars in the Indian market. This research offers revenue and unit shipment forecasts (2021 to 2028) for the overall Indian connected services market based on the body segment available (hatchback, sedan, SUV, and MPV). It also includes a connected services share forecast for the top 10 OEMs by penetration of connectivity type with a breakdown of their connected platform portfolio features.--BEGIN PROMO--

Key Issues Addressed

  • What are the growth opportunities for OEMs in the connected services market
  • What are the drivers and restraints of the connected services market
  • How are the different types of connectivity distributed across OEMs
  • What is the connected services market share for the next 5 to 6 years compared to the base year
  • Who are the main players/OEMs, and what is their place in the connected services market
More Information
Author Gautham Prakash Hegde
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PC80-01-00-00-00