Market Share of North America Connected Car Industry
The North America Connected Car market is moderately consolidated. The market is characterized by considerably large global players and some local players who have secured long-term supply contracts with major infrastructure companies. These players also engage in joint ventures, mergers and acquisitions, new product launches, and product development to expand their brand portfolios and cement their market positions.
Some major players dominating the global market are General Motors, Ford Motor Co., Toyota, Motor Corp., Stellantis NV, and Tesla Inc. Key players are engaging in mergers and acquisitions and launching new products to secure their market position to stay ahead of the market curve. For Instance,
- May, 2022: General Motors and Red Hat Inc., an IBM company, announced a partnership to accelerate General Motors' software-defined vehicle programs through the automaker's new Ultifi software platform. This collaboration will integrate Red Hat Inc.'s In-Vehicle operating systems with the Ultifi platform.
- March, 2022: BMW Group North America announced that the all-new 2022 BMW iX and i4 would feature T-Mobile's, a Deutsche Telekom company, Magenta Drive, which will turn these vehicles into Wi-Fi hotspots with benefits like in-car connectivity and unlimited voice calling.
North America Connected Car Market Leaders
General Motors
Ford Motor Co.
Toyota Motor Corp.
Stellantis N.V.
Tesla Inc.
*Disclaimer: Major Players sorted in no particular order
