Global Connected Car Market (by Application, Connectivity Solution &
Region) : Industry Analysis & Outlook-----------------------------------------
(2016-2020)
Industry Research by Koncept Analytics
1
October 2016
Global Connected Car Market (by Application, Connectivity Solution & Region) : Industry Analysis & Outlook (2016-2020)
Executive Summary
2Global Connected Car Market (by Application, Connectivity
Solution & Region) : Industry Analysis & Outlook (2016-2020)
Connectivity is the ability to exchange information by electronic means. A connected vehicle enables a growing number of features and services that make the driving experience safer, more convenient, more compelling, more fun, and less costly. The features of connected cars includes emergency and roadside assistance, navigation and traffic/re-routing services, stolen vehicle recovery, hands free calling, Wi-Fi hot spots, infotainment apps, vehicle performance alerts, and remote vehicle controls. “Connected Car” is generally referred to the component, which consists of both the physical hardware and the software, which is essential for internet-based services. The hardware generally consists of head unit display, human machine interface (HMI) and a telematics control unit (TCU).
The global connected car market is expected to see innovation driven growth in the coming years as the market will experience technological explosion. The growth of the market will be supported by demand for safety & driving assistance, which involves systems that allow drivers to reach their destination safely in the least possible time, at reasonable cost along with optimal fuel consumption, thereby shooting the demand for connected cars. The key factors driving growth of the connected car market includes increasing global telematics market, expansion of fleet management, favorable government policies, escalating smartphone shipments and increasing youth population. However, there are certain factors hindering the growth of the market like cyber security concerns, increasing complexity, cost optimization. The major trends featuring the market includes rise in the volume of DSRC technology installations, increasing adoption of new technologies, increasing demand for connectivity, rise in e-call systems and many more trends have been covered in the report.
The report offers an in-depth analysis of the “Global Connected Cars Market”. It covers the regional and global aspect of the market. Competition is concentrated in the hands of few top notch companies, of which Apple, AT&T Inc., Audi and Alcatel Lucent have been covered in the report.
Technology is driving the trend of connected cars and in the coming years, the market adoption of vastly improved new technology will help unlock the full potential of the market..
3Global Connected Car Market (by Application, Connectivity
Solution & Region) : Industry Analysis & Outlook (2016-2020)
• The global connected car market reached US.. billion in 2015, increasing from US$.. billion in the previous fiscal year. The market grew at a CAGR of ..% for the period spanning from 2011-2015.
• The total shipment of connected cars will expectedly reach .. million units by 2020, increasing from just .. million units in 2016. The shipments of these cars will grow at a CAGR of …% for the period spanning 2016-2020.
• Global connected car market’s maximum value was attained from North America region, accounting for ..% of the total market value in 2015, followed by Europe with ..% share in the same year.
Global Connected Cars Market Forecast by Shipment Volume (2016-2020)
Global Connected Cars Market by Value (2011-2015)
Global Connected Cars Market by Region (2015)
The rising demand for navigation, better connectivity, Wi-Fi enabled cars would encourage increased manufacturing of connected cars…
4Global Connected Car Market (by Application, Connectivity
Solution & Region) : Industry Analysis & Outlook (2016-2020)
• The global connected car market’s maximum share was held by driving assistance segment, accounting for ..% of total share, followed by safety segment with..% of the total share in the same year.
• The North American connected cars market value was recorded at US$.. billion in 2015, increasing from US$.. billion in 2011. The market grew at a CAGR of ..% for the period spanning 2011-2015.
• European connected car market value was recorded at US$.. billion in 2015, increasing from US$.. billion in the previous fiscal year. The market grew at a CAGR of ..% for the period spanning 2011-2015.
North American Connected Cars Market by Value (2011-2015)
Global Connected Cars Market by Application (2015))
European Connected Car Market by Value (2011-2015)
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5Global Connected Car Market (by Application, Connectivity
Solution & Region) : Industry Analysis & Outlook (2016-2020)
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