Connected Vehicles: Growth of Commercial Vehicles to 2027
While the connected vehicles market is set to grow over the next four years, commercial connected vehicles will continue to play a minor role; at least compared to consumer connected vehicles.
The above infographic illustrates how commercial connected vehicles will account for only 16-20% of the total connected vehicles market. Our latest research
suggests that this is the result of how automotive manufacturers have been slow to leverage connectivity beyond simple emergency call features and basic connected infotainment systems. To correct this, we recommend that they prioritise integrations with common fleet tracking systems to maximise the benefits of connectivity as well as enable commercial fleet owners to maximise efficiency in their processes.
Our complimentary whitepaper, Why Operators Are Driving Connected Vehicles Forward
, examines the key trends driving adoption of connected vehicles worldwide as well as how mobile network operators are taking a leading role in the market.
“A new study from Juniper Research has found that the number of connected vehicles in service will reach 367 million globally in 2027, from 192 million in 2023. This growth of 91% will be driven by the advancement of both ADAS (Advanced Driver Assistance Systems) and increasing the capabilities of in-vehicle infotainment systems. The research identified 5G’s high speed and low-latency capabilities as transformative to these goals, requiring effective collaborations between automotive OEMs and operators to realise.”
“Juniper Research’s new Connected Vehicles research report provides an independent analysis of the future evolution of this fast-paced market and advanced connectivity solutions within the automotive industry. It provides a comprehensive study of the increase in constant connectivity technology features in cars being adopted by automotive original equipment manufacturers, how the rise of 5G is impacting the connected cars market expansion, and the key role mobile network operators have in driving the market forward in order to offer advanced connectivity and an enhanced driving experience.”