Connected Car Statistics


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Connected Car Statistics 2023: Facts about Connected Car outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Connected Car, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Connected Car Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Connected Car Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 35 Connected Car Statistics on this page 🙂

Connected Car “Latest” Statistics

  • According to Neil Shah, research director at counterpoint, the connected automobile industry is now closely matched with 2G/3G networks.[1]
  • The transition to 4G LTE connection is happening quickly, with the technology expected to be implemented in roughly 90% of connected vehicles by 2022.[1]
  • Connected cars which includes 97% of electric vehicles, produce data that directly impact new and emerging use cases for sustainable energy, research and development, auto insurance, and transportation infrastructure.[2]
  • More than 95% of GM’s vehicles are equipped with integrated connection, allowing consumers to access a variety of services including hotspots, navigation, and vehicle diagnostics.[3]
  • Around 45% of vehicles will have intermediate and advanced connectivity.[4]
  • Consumer willingness to switch brands for better connection was considerably greater in certain nations, with 56% in China.[4]

Connected Car “Link” Statistics

  • According to counterpoint research’s internet of things tracker service’s most recent results, linked automobile adoption in key European countries including Germany, France, and the UK is predicted to reach about 100% by 2020.[1]
  • By 2025, 70.1% of US drivers with a license will be operating linked vehicles, up from 60.3% in 2021.[5]
  • According to Statista, Europe will surpass the United States in terms of linked car ownership by 2023, at which time they would own 31% of all connected cars globally.[6]
  • According to Mordor intelligence, the percentage of linked automobiles among newly sold vehicles will increase from 35% in 2015 to 100% in 2025.[6]

Connected Car “Connected” Statistics

  • Germany, the UK, and the US are leading the market with the largest proportion of shipments in 2017 in terms of connected vehicle penetration overall.[1]
  • The market for connected vehicles was valued at $63.03 billion in 2019 and is anticipated to grow at a CAGR of 17.1% to $225.16 billion by 2027.[7]
  • According to research Vice President Neil Shah, 4G LTE cellular connection has a massive share of 92% in 2020.[3]
  • Despite a little reduction of 68% YoY in 2020, the US connected vehicle industry managed to survive the COVID-19 storm, according to the most recent analysis from Counterpoint’s Smart Automotive Service.[3]

Connected Car “Car” Statistics

  • Because of the nation’s rising need for new passenger cars, China accounted for 32% of overall exports.[1]
  • The connected-car market is expanding at a five year compound annual growth rate of 45%.[8]
  • Consumers in selected countries’ Oct survey found that 20.2% of respondents self-reported their level of comfort with self.[5]
  • By 2030, 60 to 70% of newly sold cars in North America and Europe are predicted to have connected car customer experience Connected Car Customer Experience (C3X) Level 3.[4]
  • According to Mckinsey’s 2020 ACES consumer study, 39% of consumers would prefer to be able to unlock extra connectivity options after purchasing a car as opposed to having to make the choice at the time of purchase.[4]
  • Similar to consumers, 47% of premium OEM customers expressed interest in accessing extra digital capabilities after buying a car, compared to 39% of all consumers.[4]

Connected Car “Auto” Statistics

  • More than 90% of all connected passenger vehicles with inbuilt connection sold in 2017 were produced by automakers.[1]
  • With a CAGR of 10%, total connected automobile shipments in the US are anticipated to surpass 80 million units between 2020 and 2025.[3]
  • With 20 to 25% of automobiles predicted to be sold via channel by 2025, first sales will progressively go online.[4]

Connected Car “Automobile” Statistics

  • According to BI Intelligence, 75% of automobiles delivered worldwide by 2020 will be equipped with the technology needed to connect to the internet.[8]
  • 75% of the anticipated 92 million automobiles that will be deployed worldwide in 2020 will be constructed with hardware for internet connections.[8]
  • By 2030, from roughly 50% currently, over 95% of new automobiles sold worldwide will be networked.[4]

Connected Car “Other” Statistics

  • US drivers have traveled a greater distance, yet the number of deaths per 100 million miles has decreased by 20%.[2]
  • Although there may be privacy considerations for sharing telematics data, research indicates that by 2020, a projected 70% of all vehicle insurance firms are anticipated to utilize telematics data.[9]
  • Compared to less than 30% in France, 63% of Chinese respondents desired to unlock features after making a purchase.[4]
  • Subscription models will become increasingly popular, with respondents to McKinsey’s European Auto Financing Survey 2020 expecting the subscription market to form 20% of the total retail-financing revenues by 2025.[4]
  • Americans spent an estimated 6.9 billion hours in traffic delays in 2014, cutting into time at work or with family, increasing fuel costs and vehicle emissions.[10]
  • Intelligence from Mordor the telematics industry is anticipated to see a CAGR of 20.7% from 2021 to 2026.[6]
  • Due to software that tracks driver behavior, Teletrac Navman fleets utilizing smart telematics have decreased safety incidents by 42%.[6]
  • While gasoline is thought to be the top fleet expense for 32% of fleets, telematics software helped lower fuel expenditures by 55%.[6]
  • In 2018, 4 million BMW customers already used Connected Drive services, underlining both the innovation and its practical use.[6]

Also Read

How Useful is Connected Car

One of the key promises of connected cars is enhanced safety features. Many of these vehicles come equipped with advanced driver assistance systems (ADAS) that can help prevent accidents by monitoring the surrounding environment, alerting drivers to potential hazards, and even taking control of the vehicle in emergency situations. These features have the potential to drastically reduce the number of accidents on the road, making our journeys safer for everyone involved.

Connected cars also offer a range of conveniences that can make our lives easier. From real-time navigation updates to remote control capabilities, these vehicles can streamline the driving experience and save us time and effort. Imagine being able to start your car remotely on a cold winter morning, or receiving alerts about nearby traffic and weather conditions – these conveniences can make a significant difference in our everyday lives.

Furthermore, connected cars can also help us save money by optimizing fuel efficiency and maintenance schedules. By collecting data on our driving habits and the condition of the vehicle, these cars can provide valuable insights that can help us make informed decisions about how to best care for our vehicles. This proactive approach to maintenance can not only extend the life of our cars but also reduce the likelihood of costly repairs down the road.

However, despite these promising benefits, there are also concerns surrounding the integration of connected cars into our daily lives. One of the most pressing issues is cybersecurity – as these vehicles become more interconnected, they also become more vulnerable to cyberattacks. Hackers could potentially gain access to sensitive personal information or even take control of the vehicle, posing a serious threat to the safety and privacy of drivers.

Additionally, there are questions about the reliability and affordability of connected car technology. Will all drivers be able to access these features, or will they be limited to those who can afford the latest models? And what happens if the technology fails or malfunctions – will drivers be left stranded without the necessary skills or tools to troubleshoot the issue?

In conclusion, connected cars have the potential to revolutionize the way we drive, offering a range of benefits that can enhance our safety, convenience, and financial well-being. However, these vehicles also come with their fair share of challenges that need to be addressed in order to ensure that they deliver on their promises without compromising our security or our bank accounts. It will be crucial for manufacturers, regulators, and consumers to work together to navigate these challenges and harness the full potential of connected cars for the benefit of all.

Reference

  1. internetofbusiness – https://internetofbusiness.com/worldwide-connected-car-market-to-top-125-million-by-2022/
  2. smartcar – https://smartcar.com/blog/connected-cars-worldwide/
  3. counterpointresearch – https://www.counterpointresearch.com/us-connected-car-market-2020/
  4. mckinsey – https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/unlocking-the-full-life-cycle-value-from-connected-car-data
  5. insiderintelligence – https://www.insiderintelligence.com/content/us-connected-cars-forecast-2021
  6. pareteum – https://www.pareteum.com/35-connected-vehicle-stats-to-know-in-2021/
  7. alliedmarketresearch – https://www.alliedmarketresearch.com/connected-car-market
  8. businessinsider – https://www.businessinsider.com/connected-car-statistics-manufacturers-2015-2
  9. ironpaper – https://www.ironpaper.com/webintel/articles/smart-car-statistics-the-increasingly-digital-experience-of-the-connected-vehicle
  10. nhtsa – https://www.nhtsa.gov/technology-innovation/automated-vehicles-safety

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