South America, Middle East & Africa Connected Car Market Outlook, 2029
The South America Connected Car Market is segmented into By Technology (4G/LTE, 3G, 5G), By Connectivity Solutions (Integrated, Embedded, Tethered), By Application (Driver Assistance, Safety Infotainment, Telematics, Fleet Management (Vehicle), Mobility Management, Others) and By End Market (Original Equipment Manufacturer (OEMs) and Aftermarket).
- Bonafide Research
- 29-02-2024
- Pages : 80
- Figures : 9
- Tables : 13
- Region : South America
- Category : IT & Telecommunications
- Telecommunications & Networks
The South America and Middle East and Africa (SAMEA) Connected Car market is add above USD 2 Billion from 2024 to 2029 due to rising consumer awareness
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Largest MarketBrazil
- Fastest Market Saudi Arabia
- Market Difference(2024-2029) USD 2
- Format
Featured Companies
- 1. BMW Group
- 2. Ford Motors
- 3. Tesla
- 4. Volkswagen
- 5. Robert Bosch GmbH
- 6. Visteon Corporation.
- More...
Connected Car Market Analysis
The South America, Middle East, and Africa (SAMEA) region is witnessing a profound transformation in the automotive industry with the rapid adoption and advancement of connected car technologies. The convergence of telecommunications, computing, and automotive engineering has paved the way for a new era of mobility, characterised by intelligent, networked vehicles that offer enhanced safety, convenience, and entertainment features. The SAMEA connected car market encompasses a diverse landscape of countries with unique socio-economic conditions, regulatory frameworks, and consumer preferences but is united by a shared enthusiasm for embracing cutting-edge automotive innovations. In recent years, the region has emerged as a significant growth hub for connected car technologies, driven by factors such as increasing urbanisation, rising disposable incomes, growing demand for advanced safety solutions, and a burgeoning middle class with a penchant for tech-savvy vehicles. Initiatives to encourage the use of linked cars are being carried out by governments throughout the SAMEA area. This covers laws requiring specific safety measures to be installed in cars as well as financial incentives for eco-friendly automobiles, including tax rebates and subsidies. In SAMEA nations, possibilities are being created for the adoption of connected automobile technology through infrastructure development activities like the introduction of 5G networks and smart city projects. In order to support the connection needs of connected cars and enable features like over-the-air upgrades, real-time data interchange, and vehicle-to-vehicle contact, advanced telecommunications infrastructure is necessary. According to the research report "South America and Middle East and Africa (SAMEA) Connected Car Market Outlook, 2029," published by Bonafide Research, the South America and Middle East and Africa (SAMEA) Connected Car market is projected to add more than USD 2 Billion from 2024 to 2029. Advanced safety features like automated emergency braking, collision avoidance systems, and vehicle-to-vehicle communication are made possible by connected automobile technology, and they improve both driver and passenger safety. There is a rising demand for automobiles with these safety-enhancing features in areas like the Middle East and Africa, where road safety is a major concern. Traffic congestion is a common issue in many urban areas across South America, the Middle East, and Africa. Connected car technologies, such as real-time traffic updates, navigation assistance, and adaptive cruise control, help drivers navigate congested roads more efficiently, reducing travel times and fuel consumption. Consumers in the SAMEA region are increasingly seeking vehicles that offer seamless connectivity and integration with their digital lifestyles. Connected car features such as in-car infotainment systems, smartphone integration, and remote vehicle monitoring and control appeal to tech-savvy consumers who value convenience and connectivity on the go. The need for personal mobility is being driven by the fast-rising middle class and urbanisation in many regions of Africa, the Middle East, and South America. The demand for connected automobiles as status symbols and lifestyle accessories is predicted to increase as more people migrate into cities and acquire more disposable income.
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Market Drivers • Urbanisation and Traffic Congestion: Rapid urbanisation and increasing traffic congestion in major cities across SAMEA are driving the demand for connected car technologies that can help alleviate congestion and improve traffic management. Features such as real-time traffic updates, navigation assistance, and predictive maintenance solutions are becoming increasingly important for consumers navigating urban environments. • Consumer Demand for Connectivity: Consumer demand for connectivity and convenience features in vehicles is fueling the growth of the connected car market in SAMEA. Features such as in-car infotainment systems, smartphone integration, and remote vehicle monitoring appeal to tech-savvy consumers who value connectivity and seamless integration with their digital lifestyles. Market Challenges • Regulatory Complexity: The regulatory landscape for connected cars in SAMEA can be complex and fragmented, with varying regulations and standards across different countries and regions. Navigating regulatory requirements related to safety, emissions, data privacy, and cybersecurity can pose challenges for automakers and technology providers operating in the region. • Consumer Awareness and Education: Many consumers in SAMEA may lack awareness and understanding of connected car technologies and their benefits. Educating consumers about the features, functionalities, and potential advantages of connected cars is essential for driving adoption and acceptance in the market. Market Opportunity • Emerging Markets: SAMEA countries represent emerging markets with significant growth potential for connected car technologies. As awareness of the benefits of connected cars increases and consumer preferences evolve, there is a growing opportunity for automotive manufacturers and technology providers to capture market share and establish a strong presence in these rapidly expanding markets.
Connected Car Segmentation
| By Technology | 4G/LTE | |
| 3G | ||
| 5G | ||
| By Connectivity Solutions | Integrated | |
| Embedded | ||
| Tethered | ||
| By Application | Driver Assistance | |
| Safety | ||
| Infotainment | ||
| Telematics | ||
| Fleet Management (Vehicle) | ||
| Mobility Management | ||
| Others | ||
| By End Market | Original Equipment Manufacturer (OEMs) | |
| Aftermarket | ||
| South America | Brazil | |
| United Arab Emirates | ||
Based on the technology, they are segmented into 4G/LTE, 3G, and 5G. In terms of connectivity, solutions are bifurcated into integrated, embedded, and tethered. By comparison with other wireless technology generations, 5G delivers far more bandwidth. As a result, linked automobiles and infrastructure, such as traffic control systems and cloud-based services, can communicate more quickly and reliably. Because of this, linked automobiles have improved navigation, safety, and entertainment capabilities by being able to access and interpret massive volumes of data in real time. Furthermore, 5G technology serves as an enabler for emerging technologies such as artificial intelligence (AI), machine learning, and edge computing in the connected car ecosystem. These technologies rely on high-speed, low-latency connectivity to process and analyse large volumes of data in real time. With 5G networks, connected cars can leverage AI algorithms for advanced driver assistance systems, predictive maintenance, and personalised user experiences. Further embedded as the connectivity solution types are growing in market, advanced Vehicle-to-Everything (V2X) communication is made possible by 5G technology, which permits real-time data transmission between automobiles and smart city systems, infrastructure, pedestrians, and other vehicles. This feature increases overall road safety, traffic flow, and situational awareness. Embedded connectivity refers to built-in connectivity features integrated directly into the vehicle's hardware. In South America, the Middle East, and Africa, the growing adoption of embedded connectivity in connected cars is driven by the increasing demand for seamless, always-on connectivity and the desire for integrated solutions that do not rely on external devices or tethered connections. According to the report, applications are segmented into Driver Assistance, Safety, Infotainment, Telematics, Fleet Management (Vehicle), Mobility Management, and Others. In terms of the end user, they are segmented into OEMs and aftermarket. In the region, driver assistance is the leading market. Because of the huge number of accidents and fatalities that occur on roads in many SAMEA nations, road safety is a major concern. With features like adaptive cruise control, lane departure warning, and collision avoidance, driver assistance systems help drivers drive more safely and reduce the chance of accidents. Rapid urbanisation in cities across South America, the Middle East, and Africa has led to increased traffic congestion and more complex driving environments. Driver assistance systems provide valuable support to drivers in navigating congested roads, identifying potential hazards, and maintaining safe distances from other vehicles. Government regulations mandating the inclusion of certain safety features in vehicles, as well as incentives for automakers to incorporate advanced driver assistance technologies, are driving the adoption of driver assistance systems in the SAMEA region. These regulations aim to improve road safety and reduce the number of accidents on roadways. Furthermore, based on the end-user aftermarket, which significantly contributes to the market, owners of vehicles have the opportunity to add new features and capabilities to their cars through aftermarket connected car solutions. Customers customise their connected car experience to meet their unique needs by adding aftermarket solutions, such as improved safety features, remote vehicle monitoring, or navigation capabilities. The aftermarket sector of the connected car market in SAMEA is benefiting from increasing market maturity and consumer awareness of connected car technologies. As awareness grows and consumers become more familiar with the benefits of connected vehicles, there is a greater demand for aftermarket solutions to retrofit existing vehicles with these features.
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Connected Car Market Regional Insights
Brazil and the UAE are playing a key role in the market. Brazil and the United Arab Emirates are important participants in the automobile sector since they have some of the biggest economies in their respective areas. These nations are perfect locations for the development and implementation of connected cars, as they have robust automotive industries with well-established manufacturing and technological infrastructure. Brazil and the UAE have been at the forefront of technological innovation in their regions, particularly in the automotive sector. Both countries have invested in research and development initiatives to drive innovation in connected car technologies, fostering a conducive environment for automotive startups, research institutions, and technology companies to thrive. Both Brazil and the UAE have governments that prioritise innovation and technological advancement. They have implemented policies and initiatives to support the development and adoption of connected car technologies, including incentives for research and development, investment in infrastructure, and regulatory frameworks to facilitate testing and deployment of connected car solutions. Brazil and the UAE offer significant market potential for connected car solutions due to their large populations, high levels of urbanisation, and growing demand for automotive technologies. In Brazil, urban congestion and road safety concerns drive demand for connected car features, while in the UAE, the government's focus on smart city initiatives and innovation makes it an attractive market for connected car technologies.
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Companies Mentioned
- BMW Group
- Ford Motors
- Tesla
- Volkswagen
- Robert Bosch GmbH
- Visteon Corporation.
- AT&T Inc
- Denso Corporation
- TomTom N.V.
- The Mercedes-Benz Group AG
Table of Contents
- 1. Executive Summary
- 2. Market Dynamics
- 2.1. Market Drivers & Opportunities
- 2.2. Market Restraints & Challenges
- 2.3. Market Trends
- 2.4. Covid-19 Effect
- 2.5. Supply chain Analysis
- 2.6. Policy & Regulatory Framework
- 2.7. Industry Experts Views
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. Market Structure
- 4.1. Market Considerate
- 4.2. Assumptions
- 4.3. Limitations
- 4.4. Abbreviations
- 4.5. Sources
- 4.6. Definitions
- 5. Economic /Demographic Snapshot
- 6. Global Connected Cars Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Region
- 6.3. Market Size and Forecast, By Technology
- 6.4. Market Size and Forecast, By Connectivity Solutions
- 6.5. Market Size and Forecast, By Application
- 6.6. Market Size and Forecast, By End Market
- 7. South America, Middle East & Africa Connected Cars Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Region
- 7.3. Market Size and Forecast, By Technology
- 7.4. Market Size and Forecast, By Connectivity Solutions
- 7.5. Market Size and Forecast, By Application
- 7.6. Market Size and Forecast, By End Market
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Robert Bosch GmbH
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. AT&T Inc
- 8.5.3. Visteon Corporation
- 8.5.4. Denso Corporation
- 8.5.5. TomTom N.V.
- 8.5.6. Tesla, Inc.
- 8.5.7. Ford Motor Company
- 8.5.8. Volkswagen AG
- 8.5.9. The Mercedes-Benz Group AG
- 8.5.10. Bayerische Motoren Werke AG
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Influencing Factors for Connected Cars Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Connected Cars Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 7: Global Connected Cars Market Size and Forecast, By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 8: Global Connected Cars Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 9: Global Connected Cars Market Size and Forecast, By End Market (2018 to 2029F) (In USD Billion)
Table 10: South America, Middle East & Africa Connected Cars Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 11: South America, Middle East & Africa Connected Cars Market Size and Forecast, By Connectivity Solutions (2018 to 2029F) (In USD Billion)
Table 12: South America, Middle East & Africa Connected Cars Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: South America, Middle East & Africa Connected Cars Market Size and Forecast, By End Market (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Connected Cars Market Share By Region (2023)
Figure 6: South America, Middle East & Africa Connected Cars Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: South America, Middle East & Africa Connected Cars Market Share By Country (2023)
Figure 8: Competitive Dashboard of top 5 players, 2023
Figure 9: Porter's Five Forces of Global Connected Cars Market
Connected Car Market Research FAQs
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South America, Middle East & Africa Connected Car Market Outlook, 2029
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