World Connected Car Market Reviewed & Analysed by M&M in Its New Study Published at MarketPublishers.com26 May 2015 • by Natalie Aster
LONDON – The growth in the market for connected cars is expected to be largely fuelled by a surge in consumers’ demand for wireless connectivity and mobile Internet in tandem with the high rate of smartphone and tablet penetration. In this context, in an effort to adjust to the novel digital lifestyle, the automotive suppliers will be increasingly incorporating in-car connectivity solutions. The worldwide regulatory mandates (Russia’s GLONASS satellite system, eCall in the European Union, SVT in Brazil) are likely to spur the supply of connected cars by requiring the use of telematics for security and safety purposes and the installation of basic telematics control units (TCUs) in all new vehicle across Europe from 2015 and in other nations from 2016 onwards. Succeeding generations would increasingly depend on cloud-based backends for information, content and services. This transformation of car into an enormous data store will create a host of novel opportunities for service sectors like insurance and content providers.
Worldwide, the value of the connected car market is projected to stand at USD 46.69 million in 2020, expanding at just over 10.8% CAGR. Europe is set to account for the lion’s share in the total market, with North America and APAC following in. The APAC connected car sector is likely to post a high growth rate.
The competitive scenario is expected to change dramatically. Different cross-sector collaborations between wireless carriers and automotive OEMs are filling place for seamless Internet connectivity inside a vehicle to provide improved user experience of connected living whilst driving. Apple, General Motors, AT&T, Delphi, NXP Semiconductors, Alcatel-Lucent, Audi, Ford, Google, and Sierra Wireless are amid the leading players in the marketplace.
New study “Connected Car Market by Connectivity Form Factor (Embedded, Tethered, Integrated), Connectivity Technology (LTE, 3G, HSPA+, Wi-Fi, Bluetooth), Application (Navigation, Telematics, Infotainment) and Geography - Trends & Forecast to 2014 - 2020” prepared by MarketsandMarkets draws up a comprehensive picture of the worldwide market for connected cars, segmented by connectivity technology, connectivity form factor, application, and geography. It covers the forecasted values of components and emerging technologies in the market. The study analyses prevalent trends for each market segment along with the respective rates of growth. The study also presents Porter’s five force analysis, an assessment of the supply chain with an exhaustive process flowchart, and also market dynamics including key market restraints, drivers, and opportunities. The market size data for the connected car sector is available for South America, North America, APAC, Europe, and RoW. The research publication profiles the dominant industry players with their developments and other strategic activities. The competitive landscape is canvassed, entailing major growth strategies and a granular ranking of top companies according to their market shares.
Connected Car Market by Connectivity Form Factor (Embedded, Tethered, Integrated), Connectivity Technology (LTE, 3G, HSPA+, Wi-Fi, Bluetooth), Application (Navigation, Telematics, Infotainment) and Geography - Trends & Forecast to 2014 - 2020
Date: May, 2015
Price: US$ 4,650.00
More reports by the publisher can be found at MarketsandMarkets page.