The market revenue is estimated to reach $ 480 billion by 2024,” The connected cars market is growing rapidly with the CAGR of 33.5% during the period 2018-2024. The market is growing due to increase in safety reasons and need for driver assistance. Market Dynamics Drivers Consumers Want Digital Services and Safety Features Government Regulations Standards Vehicle Manufacturers See Additional Revenue Streams Restraints Security Concerns Cost Concerns Opportunities New Market for Mobile Network Operators Emerging Domain for Cloud Providers Target Marketing The global connected car applications market is divided into Location Based Applications, Infotainment & HMI, Safety & Security, Convenience, Driver Assistance, and Others. Safety & Security application contributes the most to the applications market.
The global connected car market is a very fragmented market and it is in a growing stage, where many stakeholders of the eco-system are forging strategic collaborations to create connected car solutions.
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The connected car, which once was a concept and limited to science fiction movies, is a reality today. Cars are extremely well connected these days and with extensive embedded hardware components combined with smart connectivity capabilities use an array of protocols to deliver key electronic, monitoring and diagnostic functions. It is now the hottest market where everybody is trying to be a part of it considering enormous potential the market holds.
The report provides unique insights into an in-depth analysis of global connected cars market, drivers and restraints as well as growth opportunities. It also contains analysis and forecast revenues, competitive landscape, company profiles and industry trends.
In the next forecasted years, connected cars market will see innovative revenue models and evolution of standardized platforms. This would considerably increase security measures; reduce cost of the connected cars.
The global connected car applications market is divided into Location Based Applications, Infotainment & HMI, Safety & Security, Convenience, Driver Assistance, and Others. Safety & Security application contributes the most to the applications market. Government initiatives and customers are concerned about overall safety, and accident is the major driving force behind customers adopting cars enabled with connectivity.
The global connected car regions market is divided into North America, Western Europe, Asia-Pacific, Central Eastern Europe (CEE), Middle East & Africa and Latin America. North America has the most matured connected market owing to its extensive infrastructure and the number of companies investing in the market. Western Europe, now, is the second hottest market for connected cars as the government regulations such as mandate of eCall will drive more investments into the market.
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Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Connected Car Market
4.2 Connectivity ICS are Expected to Grow With the Highest Rate During the Forecast Period
4.3 Wi-Fi ICS are Expected to Grow at the Highest Rate During 2016-2022
4.4 Snapshot of the Connected Car Market By Application and Geography
4.5 U.S. Held the Largest Share of the Connected Car Market in 2015
5 Market Overview
6 Industry Trends
7 Connected Car Market, By Hardware
8 Connected Car Market, By Application
9 Geographical Analysis
10 Competitive Landscape
11 Company Profiles
11.2 General Motors Company
11.3 Google, Inc.
11.4 Tesla Motors, Inc.
11.5 Audi AG
11.6 BMW AG
11.7 Volvo Car Corporation
11.8 Delphi Automotive PLC
11.9 Robert Bosch GmbH
11.10 Vodafone Group PLC.
11.11 AT&T, Inc.
11.12 Denso Corporation
11.13 Airbiquity, Inc
11.15 Alpine Electronics
11.16 Ford Motor
11.17 NXP Semiconductors
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