Connected Car Market - 11% Revenue for Driver Assistance & Autonomous Driving by 2020

Jun 09, 2016, 08:30 ET from ReportsnReports

PUNE, India, June 9, 2016 /PRNewswire/ --

By 2020, connected car market research estimates that connected car services will account for nearly $40 Billion in annual revenue, driven by a host of applications, including but not limited to infotainment, navigation, fleet management, remote diagnostics, automatic crash notification, enhanced safety, UBI (Usage Based Insurance), traffic management and even autonomous driving.

Complete report Connected Car Market spread across 357 pages, analyzing 230 companies and provides 83 data figures is now available at http://www.reportsnreports.com/reports/404223-the-connected-car-ecosystem-2015-2030-opportunities-challenges-strategies-forecasts.html

The Connected Car Ecosystem: 2015 - 2030 - Opportunities, Challenges, Strategies & Forecasts report presents a thorough assessment of the connected car market including OEM connected car programs, and enabling technologies and key trends. The market driver and challenges of the industry along with an analysis of the key applications and opportunities has been mentioned. The collaborative initiatives, regulatory landscape and standardization, along with the future roadmap, value chain, ecosystem player profiles and strategies have all been vigorously researched. The report also presents market size forecasts for connected car services from 2015 through to 2030. The forecasts are segmented for three connectivity models - embedded, tethered, and integrated; and five application categories - Communications & Infotainment, Navigation & Location Services, Vehicle Management, Safety & Security, and Driver Assistance & Autonomous Driving. The report also encompasses five regions - Asia Pacific, Europe, Middle East & Africa, North America, and Latin & Central America along with the 17 leading countries. The report comes with an associated datasheet covering quantitative data from all numeric forecasts presented in the report.

The Connected Car market report provides answers to the following key questions that is customary to any industry player like how big is the connected car market opportunity, or the trends, challenges and barriers are influencing its growth, or how is the ecosystem evolving by segment and region. Not only this, the report gives answers to queries like what will the market size be in 2020 and at what rate will it grow, or which countries and submarkets will see the highest percentage of growth, or the future prospects of self-driving cars and cooperative V2X applications. In addition to these, the impact of government mandates and initiatives on the adoption of embedded connectivity, and the future prospects of self-driving cars and cooperative V2X applications, do LTE and 5G technologies pose a threat to the 802.11p standard for V2X communications, and what strategies should automotive OEMs, mobile operators and connected car platform specialists adopt to remain competitive have all been elaborately explained.

The proportion of connected car service revenue for driver assistance systems and autonomous driving applications is expected to dramatically increase from merely 5% in 2014 to over 11% by 2020. Largely driven by connected car services, Big Data and analytics technology investments in the automotive sector are expected to reach $5 Billion by 2020, following a CAGR of over 14% between 2015 and 2020. The connected car market continues to consolidate, with larger players investing in acquisitions to increase their market share, capability, revenue and geographic reach. Last but not the least, the report emphasizes on the face that many mobile operators have expanded beyond their traditional role as connectivity providers, to offer end-to-end connected car platforms directly to automotive OEMs and aftermarket suppliers. Order a Copy of Report at http://www.reportsnreports.com/purchase.aspx?name=404223

Companies discussed in the report are 21ViaNet Group, 3GPP (3rd Generation Partnership Project), Abalta Technologies, Accenture, Acura, Aeris Communications, Agero, AGL (Automotive Grade Linux), Airbiquity, Alcatel-Lucent, Alibaba Group, Alliance of Automobile Manufacturers, Allstate Insurance Company, Alpine Electronics, Altera Corporation, Amdocs, América Móvil, Analog Devices, Apple, Arada Systems, ARIB (Association of Radio Industries and Businesses,  Japan), Arynga, Association of Global Automakers, AT&T and more.

Another related report is Global Connected Car M2M Connections and Services Market 2016-2020 that says the market research analyst predicts global connected car M2M services market to grow at a CAGR of over 30% while the connections market is expected to grow at a CAGR of over 28% during the forecast period. This report covers the present scenario and the growth prospects of the global connected car M2M connections and services market for 2016-2020. Complete report available at http://www.reportsnreports.com/reports/458712-global-connected-car-m2m-connections-and-services-market-2016-2020.html

Explore other reports on IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/.

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