South & Central America Connected Vehicle Market Forecast to 2030

South & Central America Connected Vehicle Market Forecast to 2030

South & Central America Connected Vehicle Market Forecast to 2030 – Regional Analysis – by Technology (5G, 4G/LTE, and 3G & 2G), Connectivity (Integrated, Tethered, and Embedded), and Application (Telematics, Infotainment, Driving assistance, and Others)

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The South & Central America connected vehicle market was valued at US$ 3,190.56 million in 2022 and is expected to reach US$ 13,356.81 million by 2030; it is estimated to record a CAGR of 19.6% from 2022 to 2030.

Increasing Smart City Initiatives Drive South & Central America Connected Vehicle Market

The impact of smart cities and infrastructure development on the demand for the connected vehicle market in the coming years is poised to be transformative. As cities across the globe continue to evolve into intelligent, tech-driven urban centers, the synergy between these developments and the connected vehicle market is set to shape the future of urban mobility. The growing emphasis on innovative city initiatives drives investments in infrastructure supporting connected vehicles. These investments encompass the deployment of sensors, data networks, and real-time traffic management systems that create a rich ecosystem of data that is favorable for the connected vehicles industry. As smart cities increasingly prioritize environmental sustainability, the demand for connected vehicles, particularly electric and hybrid models, is expected to surge. These cities actively promote eco-friendly transportation options to reduce emissions and combat pollution. Connected vehicles play a pivotal role in this endeavor by offering features such as energy management, remote diagnostics, and optimized charging, all of which contribute to a greener, more sustainable urban transportation ecosystem. As cities continue to incentivize and invest in green mobility solutions, the market demand for connected vehicles with environmentally friendly features is set to grow substantially.

South & Central America Connected Vehicle Market Overview

The South America automotive industry is a dynamic and evolving sector characterized by a wide range of vehicles, from compact cars to rugged off-road vehicles. Amidst this diverse landscape, the connected vehicle industry is emerging as a game-changer, enhancing not only the driving experience but also contributing to the region’s economic and environmental goals. Brazil is the largest automotive market in South America. Brazilian automakers are incorporating advanced telematics systems and infotainment features into their vehicles, allowing consumers to stay connected while on the road. With a focus on enhancing the overall driving experience, Argentine consumers are increasingly opting for vehicles equipped with advanced connectivity features, such as smartphone integration and remote vehicle management.

South & Central America Connected Vehicle Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Connected Vehicle Market Segmentation

The South & Central America connected vehicle market is segmented based on technology, connectivity, application, and country. Based on technology, the South & Central America connected vehicle market is categorized into 5G, 4G/LTE, and 3G & 2G. The 4G/LTE segment held the largest market share in 2022.

In terms of connectivity, the South & Central America connected vehicle market is segmented into integrated, tethered, and embedded. The integrated segment held the largest market share in 2022.

By application, the South & Central America connected vehicle market is categorized into telematics, infotainment, driving assistance, and others. The infotainment segment held the largest market share in 2022.

Based on country, the South & Central America connected vehicle market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America connected vehicle market share in 2022.

AT & T, Audi AG, Bayerische Motoren Werke AG, Continental AG, Denso, General Motors Co, Harman International Industries Inc, Robert Bosch GmbH, Visteon Corp, and Vodafone Group Plc are some of the leading companies operating in the South & Central America connected vehicle market.

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At 19.6% CAGR, South & Central America Connected Vehicle Market is Speculated to be Worth US$ 13,356.81 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America connected vehicle market was valued at US$ 3,190.56 million in 2022 and is expected to reach US$ 13,356.81 million by 2030, registering a CAGR of 19.6% from 2022 to 2030. Connected car data monetization and advancements in connectivity technology are among the critical factor attributed to the South & Central America connected vehicle market expansion.

Data monetization trends in the connected vehicle industry involve exploring innovative ways to leverage the vast amounts of data generated by connected vehicles for financial gain while also delivering value to vehicle owners and third-party stakeholders. One prominent trend is the usage-based insurance (UBI). Insurance companies increasingly use telematics data from connected vehicles to offer UBI policies. These policies calculate premiums based on real-time driving behavior, promoting safer driving habits and potentially lowering insurance costs for responsible drivers. This approach benefits consumers and allows insurers to assess risk better and set competitive pricing. Data analytics and insights services are becoming integral to the connected vehicle ecosystem. Companies monetize vehicle data by providing automakers, city planners, and advertisers with actionable insights. This data can inform infrastructure improvements, traffic management strategies, and targeted advertising campaigns. For instance, in 2021, Honda Motor started a new company that sells data produced by smart vehicles. Honda partnered with Tokyo-based company, Nightley, to study driving behavior. The information is intended to help in determining customer demands.

On the contrary, data privacy and security concerns hurdles the growth of South & Central America connected vehicle market.

Based on technology, the South & Central America connected vehicle market is categorized into 5G, 4G/LTE, and 3G & 2G. The 4G/LTE segment held 78.7% market share in 2022, amassing US$ 2,511.85 million. It is projected to garner US$ 8,946.71 million by 2030 to expand at 17.2% CAGR during 2022-2030.

In terms of connectivity, the South & Central America connected vehicle market is segmented into integrated, tethered, and embedded. The integrated segment held 39.7% share of South & Central America connected vehicle market in 2022, amassing US$ 1,262.31 million. It is projected to garner US$ 6,266.29 million by 2030 to expand at 22.1% CAGR during 2022-2030.

By application, the South & Central America connected vehicle market is categorized into telematics, infotainment, driving assistance, and others. The infotainment segment held 42.4% share of South & Central America connected vehicle market in 2022, amassing US$ 1,354.05 million. It is projected to garner US$ 5,437.51 million by 2030 to expand at 19.0% CAGR during 2022-2030.

Based on country, the South & Central America connected vehicle market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 81.8% share of South & Central America connected vehicle market in 2022. It was assessed at US$ 2,609.88 million in 2022 and is likely to hit US$ 11,246.44 million by 2030, exhibiting a CAGR of 20.0% during the 2022-2030 period.

Key players operating in the South & Central America connected vehicle market are AT & T, Audi AG, Bayerische Motoren Werke AG, Continental AG, Denso, General Motors Co, Harman International Industries Inc, Robert Bosch GmbH, Visteon Corp, and Vodafone Group Plc, among others.

In October 2022, Amazon Web Services and the BMW Group entered into a partnership to develop cloud software to distribute and manage data generated by connected vehicles. The software is intended to gather vehicle data from many sources in order to accelerate feature development and improve software life cycle management.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America connected vehicle market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America connected vehicle market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America connected vehicle market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Connected Vehicle Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Automakers and OEMs
4.2.2 Tier 1 Suppliers
4.2.3 Tier 2 and Tier 3 Suppliers
4.2.4 Telecommunications Providers
4.2.5 Technology Providers
4.2.6 Government Regulations and Standards Bodies
4.2.7 Data Providers
4.2.8 Logistics and Distribution
4.2.9 Service and Maintenance Providers
4.2.10 End Users
4.2.11 Aftermarket Providers
5. South & Central America Connected Vehicle Market – Key Industry Dynamics
5.1 Connected Vehicle Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Demand For Driving Assistance System
5.2.2 Advancements in Connectivity Technology
5.3 Market Restraints
5.3.1 Data Privacy and Security Concerns
5.3.2 High Initial Costs and Affordability Concerns
5.4 Market Opportunities
5.4.1 Increasing Smart City Initiatives
5.4.2 Adoption of Autonomous vehicles
5.5 Future Trends
5.5.1 Connected Car Data Monetization
5.6 Impact of Drivers and Restraints:
6. Connected Vehicle Market – South & Central America Market Analysis
6.1 Connected Vehicle Market Revenue (US$ Million), 2022 – 2030
6.2 Connected Vehicle Market Forecast and Analysis
7. South & Central America Connected Vehicle Market Analysis – Technology
7.1 Connected Vehicle Market, By Technology (2022 and 2030)
7.2 5G
7.2.1 Overview
7.2.2 5G Market, Revenue and Forecast to 2030 (US$ Million)
7.3 4G
7.3.1 Overview
7.3.2 4G Market, Revenue and Forecast to 2030 (US$ Million)
7.4 3G & 2G
7.4.1 Overview
7.4.2 3G & 2G Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Connected Vehicle Market Analysis – Connectivity
8.1 Connected Vehicle Market, By Connectivity (2022 and 2030)
8.2 Integrated
8.2.1 Overview
8.2.2 Integrated Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Tethered
8.3.1 Overview
8.3.2 Tethered Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Embedded
8.4.1 Overview
8.4.2 Embedded Market, Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Connected Vehicle Market Analysis – Application
9.1 Connected Vehicle Market, By Application (2022 and 2030)
9.2 Telematics
9.2.1 Overview
9.2.2 Telematics Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Infotainment
9.3.1 Overview
9.3.2 Infotainment Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Driving assistance
9.4.1 Overview
9.4.2 Driving assistance Market, Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Connected Vehicle Market – Country Analysis
10.1 South & Central America
10.1.1 Overview
10.1.2 South & Central America Connected Vehicle Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 Brazil Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 Brazil Connected Vehicle Market Breakdown by Technology
10.1.2.1.2 Brazil Connected Vehicle Market Breakdown by Connectivity
10.1.2.1.3 Brazil Connected Vehicle Market Breakdown by Application
10.1.2.2 Argentina Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Argentina Connected Vehicle Market Breakdown by Technology
10.1.2.2.2 Argentina Connected Vehicle Market Breakdown by Connectivity
10.1.2.2.3 Argentina Connected Vehicle Market Breakdown by Application
10.1.2.3 Rest of South & Central America Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Rest of South & Central America Connected Vehicle Market Breakdown by Technology
10.1.2.3.2 Rest of South & Central America Connected Vehicle Market Breakdown by Connectivity
10.1.2.3.3 Rest of South & Central America Connected Vehicle Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Harman International Industries Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Robert Bosch GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AT&T Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Denso Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Visteon Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Continental AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Audi AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 General Motors Co
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Bayerische Motoren Werke AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Vodafone Group Plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 Key Developments
13. Appendix
13.1 About the Research Team

LIST OF TABLES

Table 1. Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Million)
Table 2. Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Million) – Technology
Table 3. Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Million) – Connectivity
Table 4. Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. Brazil Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Technology
Table 6. Brazil Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 7. Brazil Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Application
Table 8. Argentina Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Technology
Table 9. Argentina Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 10. Argentina Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Application
Table 11. Rest of South & Central America Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Technology
Table 12. Rest of South & Central America Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 13. Rest of South & Central America Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Application
 

LIST OF FIGURES

Figure 1. Connected Vehicle Market Segmentation, By Country
Figure 2. Ecosystem: Connected Vehicle Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Connected Vehicle Market Revenue (US$ Million), 2022 – 2030
Figure 5. Connected Vehicle Market Share (%) – Technology, 2022 and 2030
Figure 6. 5G Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. 4G Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. 3G & 2G Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Connected Vehicle Market Share (%) – Connectivity, 2022 and 2030
Figure 10. Integrated Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Tethered Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Embedded Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Connected Vehicle Market Share (%) – Application, 2022 and 2030
Figure 14. Telematics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Infotainment Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Driving assistance Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Asia Pacific Connected Vehicle Market Revenue, by Key Country, (2022) (US$ Million)
Figure 19. Connected Vehicle Market Breakdown by Key Country, 2022 and 2030 (%)
Figure 20. Brazil Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Argentina Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Rest of South & Central America Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
 

The List of Companies – South & Central America Connected Vehicle Market

1. AT & T
2. Audi AG
3. Bayerische Motoren Werke AG
4. Continental AG
5. Denso
6. General Motors Co
7. Harman International Industries Inc
8. Robert Bosch GmbH
9. Visteon Corp
10. Vodafone Group Plc

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