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Market Snapshot

CAGR:7.87

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.87

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Report Overview

The Vehicle Connectivity Chipset Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.25% between 2022 and 2032. The market size is anticipated to expand by USD 12,486.73 million. The market's trajectory is influenced by various factors, including the increasing integration of vehicles with advanced technologies, the rise in demand for connected cars, and the growing emphasis on smart transportation solutions. A vehicle connectivity chipset refers to a hardware component embedded within vehicles that enables wireless communication and data exchange. It incorporates functionalities such as cellular connectivity, Wi-Fi, Bluetooth, and GPS capabilities into a compact module. This chipset empowers vehicles to establish wireless connections, enabling real-time communication, infotainment, remote diagnostics, and more.

Vehicle Connectivity Chipset Market Overview:

Drivers:

The growth of the vehicle connectivity chipset market is significantly driven by the rising demand for connected cars and the integration of advanced technologies in vehicles. Consumers are increasingly seeking vehicles equipped with features such as in-car infotainment, telematics, remote vehicle control, and safety enhancements. These features rely on robust vehicle connectivity chipsets to enable seamless communication between the vehicle and external networks, servers, or devices. Furthermore, the development of smart transportation solutions and the need for improved traffic management are pushing the adoption of vehicle connectivity chipsets, contributing to market growth.

Trends:

A noteworthy trend shaping the vehicle connectivity chipset market is the increasing integration of 5G technology. The rollout of 5G networks enhances the capabilities of vehicle connectivity, enabling faster data transfer, lower latency, and support for a larger number of connected devices within a vehicle and across the transportation infrastructure. This trend is particularly important for enabling advanced applications such as real-time navigation, Vehicle-to-Everything (V2X) communication, and enhanced driver assistance systems.

Additionally, the surge in electric and autonomous vehicles further fuels the demand for advanced vehicle connectivity chipsets. Electric vehicles rely on connectivity for battery management, remote charging, and over-the-air (OTA) updates, while autonomous vehicles require seamless communication for sensor fusion, real-time mapping, and coordination with other vehicles and infrastructure.

Restraints:

The complexity of integrating various connectivity standards and ensuring interoperability poses a challenge for the vehicle connectivity chipset market. The automotive industry incorporates diverse communication protocols, including cellular networks, Wi-Fi, Bluetooth, and more. Ensuring that these standards work harmoniously and securely within vehicles demands careful engineering and testing, which can slow down development processes and increase costs.

Furthermore, concerns over data privacy and cybersecurity represent significant hurdles. As vehicles become more connected, they are susceptible to potential cyber threats that could compromise vehicle safety, user privacy, and data integrity. Developing robust security measures and addressing these concerns is crucial for the widespread adoption of vehicle connectivity.

Vehicle Connectivity Chipset Market Segmentation By Application: The in-vehicle infotainment systems segment is poised to witness substantial growth during the forecast period. Vehicle connectivity chipsets play a vital role in enabling interactive infotainment experiences within vehicles. These chipsets facilitate features such as internet radio streaming, navigation services, voice assistants, and smartphone integration. The demand for enhanced infotainment capabilities, combined with the need for real-time traffic updates and multimedia streaming, drives the adoption of vehicle connectivity chipsets in this segment.

Moreover, as vehicles become an extension of the connected lifestyle, users expect seamless integration of their smartphones and applications with their vehicles. This demand further propels the need for advanced vehicle connectivity solutions.

Vehicle Connectivity Chipset Market Segmentation By Type: The integration of Vehicle-to-Everything (V2X) communication technology is fueling the growth of the vehicle connectivity chipset market, particularly the LTE chipsets segment. V2X technology encompasses Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and more. These communication modes enable vehicles to exchange critical safety information, improve traffic flow, and enhance overall road safety. LTE chipsets provide the high-speed, low-latency connectivity required for real-time V2X communication, positioning them as a key enabler for future connected transportation systems.

Regional Overview:

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The North American region is poised to contribute significantly to the global vehicle connectivity chipset market growth during the forecast period. The presence of major automotive manufacturers, technological innovation hubs, and the adoption of advanced transportation solutions in countries like the U.S. and Canada creates a conducive environment for the integration of vehicle connectivity chipsets. These regions are witnessing substantial investments in electric vehicles, autonomous driving technology, and smart transportation initiatives, all of which drive the demand for vehicle connectivity.

Additionally, Europe is a prominent player in the vehicle connectivity chipset market, driven by the region's focus on sustainable mobility solutions, stringent vehicle safety regulations, and the growing popularity of electric and hybrid vehicles. Countries such as Germany, the UK, and France are leading in terms of automotive technology innovation and deployment.

Vehicle Connectivity Chipset Market Customer Landscape: The vehicle connectivity chipset market report includes an assessment of the market's adoption lifecycle, encompassing various stages from early adopters to late adopters. It highlights adoption rates across different regions based on market penetration. The report also delves into key purchase criteria and factors influencing price sensitivity, aiding companies in devising effective growth strategies.

Major Vehicle Connectivity Chipset Market Companies: Companies in the vehicle connectivity chipset market are deploying diverse strategies, including collaborations, partnerships, acquisitions, geographic expansions, and product/service launches, to enhance their market presence.

Some notable players in the market include:

Qualcomm Technologies, Inc.
Intel Corporation
NXP Semiconductors NV
Infineon Technologies AG
Texas Instruments Inc.
STMicroelectronics International N.V.
Broadcom Inc.
Samsung Electronics Co. Ltd.
MediaTek Inc.
ON Semiconductor Corp.
Cisco Systems Inc.

The competitive landscape analysis provides insights into the strengths and weaknesses of these key players, helping businesses understand the broader market dynamics.

Segment Overview:

The vehicle connectivity chipset market report outlines the revenue growth forecasts at global, regional, and country levels, along with an analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

In-vehicle infotainment systems
Telematics and remote diagnostics
Vehicle-to-Everything (V2X) communication
Autonomous driving systems
Others

Type Outlook (USD Million, 2019 - 2032):

LTE chipsets
Automotive Wi-Fi chipsets
Bluetooth and NFC chipsets
GPS and navigation chipsets

Geography Outlook (USD Million, 2019 - 2032):

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan
South Korea
Rest of APAC

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

UAE
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Vehicle Connectivity MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Vehicle Connectivity MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Vehicle Connectivity Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Vehicle Connectivity MARKET BY Component Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Hardware

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Software

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Vehicle Connectivity MARKET BY Product Type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Retrofitted

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Embedded

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Vehicle Connectivity MARKET REGIONAL OUTLOOK

7.1. Vehicle Connectivity Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Vehicle Connectivity Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Vehicle Connectivity Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Vehicle Connectivity Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Vehicle Connectivity Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Vehicle Connectivity Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Continental

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. Bosch

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Visteon

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. OnStar Corporation LLC

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. ETAS Group

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Agero Inc

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. WebTech Wireless Inc

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Qualcomm Inc

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. Tesla

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Ford Motor Company

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Vehicle Connectivity Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032