Us Intelligent Connected Vehicle Testing Service Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Intelligent Connected Vehicle Testing Service Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 9.7 Billion by 2030, growing at a CAGR of 15.5% from 2024 to 2030.
The U.S. Intelligent Connected Vehicle Testing Service Market is experiencing significant growth, driven by advancements in automotive technology and the increasing demand for connected and autonomous vehicles. This market encompasses services that evaluate and validate the performance, safety, and functionality of intelligent connected vehicles (ICVs) through rigorous testing protocols.
In 2022, the global connected car market was valued at USD 84.72 billion and is projected to grow at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2030. This growth is attributed to factors such as rising consumer disposable income, increasing smartphone penetration, and the deployment of high-speed internet services, which collectively enhance the demand for connected vehicles. citeturn0search2
The U.S. market is a significant contributor to this global expansion. In August 2023, Hyundai and Kia announced a USD 50 million investment in Canadian AI semiconductor firm Tenstorrent, aiming to integrate artificial intelligence into their future vehicle models. This strategic move underscores the automotive industry's commitment to innovation and the integration of advanced technologies in connected vehicles. citeturn0search1
To support the development and deployment of connected vehicles, several testing facilities have been established across the United States. The Connected Vehicle Test Bed, managed by the U.S. Department of Transportation, provides a federally funded resource for developers to test connected vehicle technologies under real-world conditions. This facility offers a comprehensive environment for evaluating the performance of connected vehicle systems. citeturn0search0
Another notable facility is Mcity, located at the University of Michigan. Mcity is a 32-acre mock city and proving ground designed for testing wirelessly connected and driverless cars. It features a variety of urban driving scenarios, including signalized intersections, roundabouts, and traffic circles, providing a controlled environment for testing connected and autonomous vehicle technologies. citeturn0search10
These testing services are crucial for ensuring the safety, reliability, and functionality of intelligent connected vehicles. They facilitate the identification and resolution of potential issues before vehicles are introduced to the market, thereby enhancing consumer confidence and accelerating the adoption of connected vehicle technologies.
In summary, the U.S. Intelligent Connected Vehicle Testing Service Market is poised for substantial growth, driven by technological advancements and strategic investments in connected vehicle technologies. The establishment of specialized testing facilities plays a pivotal role in this growth, ensuring that connected vehicles meet the necessary standards for safety and performance.
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DEKRA
TÃœV SÃœD Group
Bureau Veritas
Applus Services
SGS Group
Intertek Group
TÃœV Rheinland Group
TÃœV Nord Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Intelligent Connected Vehicle Testing Service Market
Passenger Cars
Commercial Vehicles
Electric Vehicles
Autonomous Vehicles
Hardware-in-the-Loop (HIL) Testing
Software-in-the-Loop (SIL) Testing
Vehicle-in-the-Loop (VIL) Testing
Field Testing
V2V (Vehicle-to-Vehicle) Communication
V2I (Vehicle-to-Infrastructure) Communication
V2X (Vehicle-to-Everything) Communication
Telematics
Managed Services
Professional Services
Cloud-based Services
On-premises Services
Fleet Management
Telematics and Navigation
Driver Assistance Systems
Safety and Security Systems
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Intelligent Connected Vehicle Testing Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Intelligent Connected Vehicle Testing Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Intelligent Connected Vehicle Testing Service Market, By Type
6. Global Intelligent Connected Vehicle Testing Service Market, By Application
7. Global Intelligent Connected Vehicle Testing Service Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Intelligent Connected Vehicle Testing Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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