GLOBAL CONNECTED CARS MARKET Trends & Forecast: 2015–2020 www.infoholicresearch.com The connected cars market is not new to the market but now it is one of the hottest market where everybody are trying to be a part of it considering enormous potential the market beholds. Globally 700 million cars are there on road and 60 million connected cars are produced annually. Government initiatives and spending on smart cities will favour the connected cars market. Car manufacturers such as BMW, Audi, Daimler AG are focusing on bringing in new technologies which makes the car driving experience safer and more personalised. Telematics companies have tie ups with the car manufacturers and network connectivity providers to expand their portfolio of services to a whole new market. Large vendors, as a part of their expansion strategy, will continue to acquire small players in the market. North America and Europe are the major market for connected cars whereas the emerging region Asia- Pacific (India and China) is expecting a high growth in industrial and infrastructure sector in the next five years. Connected cars will enhance safety, traffic controllability, and overall car experience. The Global Connected Car market is expected to grow in the future mainly driven by adoption of technologies by customers and government initiatives in various regions. Automotive companies, tier1 suppliers, network carriers, modules plug-in, technology enablers, telematics provider and other will continue forge partnerships and create better connected car solutions. The global connected car market is expected to reach 153.6 billion by 2020. TRENDS & FORECAST Base Year: 2014 Forecast Year: 2015-2020 MARKET, BY TECHNOLOGY 2G, 3G, 4G, GNSS, Others MARKET, BY CONNECTIVITY Embedded, Integrated, Tethered MARKET, BY APPLICATIONS Location Based Applications, Infotainment & HMI, Safety & Security, Convenience, Driver Assistance MARKET, BY REGIONS North America, Western Europe, Asia-Pacific, Central Eastern Europe, Middle East & Africa, Latin America
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Global Connected Cars Market – Trends & Forecast, 2015-2020
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GLOBAL CONNECTEDCARS MARKETTrends & Forecast: 2015–2020
www.infoholicresearch.com
The connected cars market is not new to the market but now it is one of
the hottest market where everybody are trying to be a part of it
considering enormous potential the market beholds. Globally 700
million cars are there on road and 60 million connected cars are
produced annually. Government initiatives and spending on smart
cities will favour the connected cars market. Car manufacturers
such as BMW, Audi, Daimler AG are focusing on bringing in new
technologies which makes the car driving experience safer and
more personalised. Telematics companies have tie ups with the
car manufacturers and network connectivity providers to expand
their portfolio of services to a whole new market. Large vendors,
as a part of their expansion strategy, will continue to acquire small
players in the market. North America and Europe are the major
market for connected cars whereas the emerging region Asia-
Pacific (India and China) is expecting a high growth in industrial
and infrastructure sector in the next five years.
Connected cars will enhance safety, traffic controllability, and
overall car experience. The Global Connected Car market is
expected to grow in the future mainly driven by adoption of
technologies by customers and government initiatives in various