Connected Car Market research report segmented on the basis of Connectivity Form Factor, Connectivity Technology & Application Analysis.
The increasing demand of consumers for smartphone features such as making and receiving calls, voice messages, music on demand, and infotainment in vehicles are
attributing to the growth of connected vehicles. Consumers are increasingly looking for solutions that allow them to stay connected digitally.
Consumer demands and
mandates (both existing and expected) are key drivers of the market. Most of the major economies have already introduced one mandate or the other such as eCall in
Europe and GLONASS in Russia. Future generations would rely more and more on cloud-based backend systems for content, information, and services.
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This report categorizes the global market for connected cars on the basis of connectivity form factor, connectivity technology, application, and geography. It also
covers the projected values of components and emerging technologies in the connected car market.
The report on the connected car market analyzes the supply chain of connected cars, giving a very clear insight of all major and supported segments of the market. The
connected car market has been segmented based on different applications and discussed in detail with market size projections in terms of value and volume. The scope of
the report includes the hardware part of the connected car ecosystem that is the connectivity technology and the form factor. This report also analyzes market trends
and technologies in connected cars; market dynamics such as drivers, restraints, and opportunities along with the industry’s burning issues and winning imperatives.
Connected cars exhibit a huge potential in terms of applications such as navigation, telematics, and infotainment. The connectivity technology used in this market
includes LTE, 3G, HSPA+, Wi-Fi, and Bluetooth. Geographically, this market in the report covers North America, APAC, Europe, and Rest of the World (RoW).
The scope of
the report includes the hardware part of the connected car ecosystem that is the connectivity technology and the form factor.
The report also includes company profiles of leading players in this industry with their recent developments and other strategic business activities. The competitive
landscape section of the report entails key growth strategies and a detailed market share ranking analysis of key industry players. Some of the major players in this
market are Apple (U.S.), Alcatel-Lucent (France), AT&T (U.S.), Audi (Germany), Delphi (U.K.), Ford (U.S.), General Motors (U.S.), Google (U.S.), NXP Semiconductors
(Netherlands), Sierra Wireless (Canada).
The geographic analysis covers North America, South America, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report
gives a deep insight about regional markets. he connected car market is expected to reach $46.69 Billion by 2020, at a CAGR of 10.82% from 2014 to 2020.
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While technological advancements have driven the automotive sector for decades, the high market growth as a result of connectivity in vehicles has the potential to
significantly alter the competitive landscape. Consumers are increasingly looking for solutions that allow them to stay connected digitally.
The increasing demand of
consumers for smartphone features such as making and receiving calls, voice messages, music on demand, and infotainment, in a vehicle are attributing to the growth of
connected vehicles. Various cross industry collaborations between automotive OEMs and Mobile Network Operators (MNOs) are taking place for seamless Internet
connectivity inside a car in order to enhance the user experience of connected living while driving. In the future, the self- driving/autonomous car is likely to
revolutionize the connected car market.
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