By Application (Infotainment, V2X, Telematics), By Vehicle (Passenger Vehicles, Commercial Vehicles) By Deployment (Public, Private),By Region (North America, South America, Europe......, Asia-Pacific, Middle East & Africa), By Country (U.S, Canada, Mexico, Brazil, Germany, France, The U.K, Italy, India, China, South Korea, Japan, GCC, South Africa), By Competitors (Harman International, Robert Bosch GmbH, Verizon Communications, Inc., Continental AG, Denso Corporation, Sierra Wireless, Tomtom International, Ericsson AB, Airbiquity, Blackberry Limited, Visteon Corporation, Telenav, Microsoft, Amazon Web Services, Inc., LG Electronics, etc.) Read more
- Automotive
- Apr 2021
- 193
- PDF, Excel, PPT
Market Overview
Automotive Cloud provides the infrastructure to the vehicle for monitoring, transferring data, connecting, and service networks.
According to the MarkNtel Advisors' research report, "Global Automotive Cloud Market Analysis, 2021," the market likely to grow at a CAGR of around 18% during 2021-26 due to fast-evolving consumer behavior and snowballing advances in connected, autonomous, shared, and electric (CASE) technology. The mushrooming need for 5G and IoT for vehicle connectivity, burgeoning cloud-based infotainment systems deployment in premium vehicles, and increasing integration of blockchain in the cloud are driving the automotive cloud market growth in the forecast period.
Besides, growing awareness of cloud benefits in the auto industry, including cost-efficiency, high scalability & reliability, and surging inclination of customers toward connected cars, are increasing the demand for automotive cloud. Moreover, augmenting e-mobility and emerging digitalization in the connected vehicle is imposing a significant influence on the market growth.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR | 18% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Others | |
| Asia-Pacific: China, India, Japan, South Korea, Others | |
| South America: Brazil, Others | |
| Europe: GCC, South Africa, Others | |
| Key Companies Profiled | Harman International, Robert Bosch GmbH, Verizon Communications, Inc., Continental AG, Denso Corporation, Sierra Wireless, Tomtom International, Ericsson AB, Airbiquity, Blackberry Limited, Visteon Corporation, Telenav, Microsoft, Amazon Web Services, Inc., LG Electronics, etc. |
| Unit Denominations | USD Million/Billion |
Market Segmentation
Infotainment Witnessing Robust Growth
Based on the Application, the Infotainment segment is likely to witness robust growth in the Global Automotive Cloud market in the forecast period. Infotainment means information and entertainment. The system enhances passenger experience by providing applications for navigation & music, informational purpose, and weather & road conditions for a safe & pleasant driving experience. The rising deployment of technologies like Bluetooth connectivity, USB, and growing advancement in multimedia-enabled infotainment systems, such as touchscreen, Heads-up display, smartphone pairing, etc., is fueling the segment growth.
Besides, the launch of innovative infotainment systems, which connect with automotive technologies, such as smartphones, sensors, and telematics devices, enhance safety and ensure a productive driving experience. Moreover, the rising demand for luxury vehicles and the increasing focus of automakers on energy vehicles are likely to boost the Global Automotive Cloud market in the forecast period, reveals MarkNtel Advisors in their research report, "Global Automotive Cloud Market Analysis, 2021."
Passenger Vehicles Accounted for the Largest Market Share
Based on Vehicle Type, Passenger Vehicle accounted for the largest market share in the Global Automotive Cloud market in 2019 owing to robust growing passenger vehicle sales. The burgeoning deployment of advanced technologies to improve customer experience and reduce road accidents and the surging collaboration between companies and automotive OEMs for developing automated driving functions for passenger cars are factors driving the demand for the automotive cloud in the passenger segment.
Moreover, mounting demand for connected vehicles & autonomous driving and increased shared mobility due to the burgeoning emergence of ride-sharing companies in countries like China, India, Australia, and South Korea are factors strongly contributing to the market growth in coming years.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Impact of COVID-19 on Global Automotive Cloud Market
- Global Automotive Cloud Market Trends & Insights
- Global Automotive Cloud Market Dynamics
- Drivers
- Challenges
- Impact Analysis
- Global Automotive Cloud Market Hotspots & Opportunities
- Global Automotive Cloud Market Regulations & Policy
- Current Laws and Regulatory Bodies Related to Autonomous Vehicles (by Country)
- Government Initiatives for Cybersecurity in Automotive Industry
- Global Automotive Cloud Market Outlook, 2016- 2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- Infotainment
- V2X
- Telematics
- By Vehicle
- Passenger Vehicles
- Commercial Vehicles
- By Deployment
- Public Cloud
- Private Cloud
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- Competitive Metrix
- By Application
- Market Size & Analysis
- North America Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- By Country
- The US
- Canada
- Mexico
- The US Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- Canada Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- Mexico Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- Market Size & Analysis
- South America Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- By Country
- Brazil
- Others
- Brazil Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- Market Size & Analysis
- Europe Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- By Country
- Germany
- The UK
- France
- Italy
- Others
- Germany Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- The UK Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- France Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- Market Size & Analysis
- Italy Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- Market Size & Analysis
- Middle East & Africa Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- By Country
- GCC
- South Africa
- Others
- GCC Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- South Africa Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- Market Size & Analysis
- Asia Pacific Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Country
- China
- India
- Japan
- South Korea
- Others
- China Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- Market Size & Analysis
- India Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- Japan Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- South Korea Automotive Cloud Market Outlook, 2016-2026F
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Application
- By Vehicle
- By Deployment
- Market Size & Analysis
- Market Size & Analysis
- Key Strategic Imperatives for Success and Growth
- Competition Outlook
- Competition Matrix
- Product Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles
- Harman International
- Robert Bosch GmbH
- Verizon Communications, Inc.
- Continental AG
- Denso Corporation
- Sierra Wireless
- Tomtom International
- Ericsson AB
- Airbiquity
- Blackberry Limited
- Visteon Corporation
- Telenav
- Microsoft
- Amazon Web Services, Inc.
- LG Electronics
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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