Connected Car Market (Services) Worth $40Bn by 2020

Aug 03, 2015, 02:00 ET from ReportsnReports

CHICAGO, August 3, 2015 /PRNewswire/ --

New market research titled Connected Car Ecosystem: 2015 - 2030 - Opportunities, Challenges, Strategies & Forecasts presents market size forecasts for connected car services from 2015 through to 2030.

Complete report on connected car market spread across 357 pages, talking about 231 companies and supported with 83 figures is now available at http://www.reportsnreports.com/reports/404223-the-connected-car-ecosystem-2015-2030-opportunities-challenges-strategies-forecasts.html .

This market research offers an in-depth assessment of the connected car ecosystem including OEM connected car programs, enabling technologies, key trends, market drivers, challenges, key applications, collaborative initiatives, regulatory landscape, standardization, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The forecasts are segmented for 3 connectivity models, 5 application categories, 5 regions and 17 leading countries. The report 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.

The growing proliferation of embedded in-vehicle connectivity and smartphone integration platforms has made connected cars one of the fastest growing segments of the IoT (Internet of Things) market. Keen to establish recurring post-sale service revenue streams, all major automotive OEMs are investing in connected car programs. Other connected car market ecosystem players, such as mobile operators and telematics specialists, are also vying to gain a larger share of the opportunity. In fact, 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.

Few of the 200+ companies from the connected car ecosystem mentioned in this market research include 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, AVnu Alliance, Azuga, B&B Electronics, Baidu, BlackBerry, BMW, Bosch, Bosch SoftTec, Nuance Communications, Nvidia Corporation, NXP Semiconductors, Qt Company, Quake Global, Qualcomm, Quectel, RacoWireless, RealVNC, Redbend, Redpine Signals, SiriusXM Radio, SK Group, SK Telecom, Skoda Auto, SkyWave Mobile Communications, TCS (TeleCommunication Systems), Tech Mahindra, Tele2, Telecom Italia, Telefónica, Telenav, Telenor Connexion, Telenor Group, Telit Communications, Telogis, Telstra Corporation, Tesla Motors, Uber, U-blox, Ubridge, UIEvolution, Vehcon, Veniam, Verizon Communications, Verizon Telematics, Verizon Wireless, Vinli, Visteon Corporation, Vodafone Automotive, Vodafone Group, Voicebox Technologies, Volkswagen, Volvo, W3C (World Wide Web Consortium), Wireless Logic, WirelessCar, Xilinx, Xtime, ZTE and Zubie. Order a copy of this connected car market research for 2015-2030 at http://www.reportsnreports.com/Purchase.aspx?name=404223 . The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

The report covers data and information for connected car ecosystem, market drivers and barriers, enabling technologies and key trends, connected car programs and platform offerings, embedded, tethered and integrated connectivity models, analysis of key applications and opportunities, regulatory landscape, collaborative initiatives and standardization, industry roadmap and value chain, profiles and strategies of over 230 leading ecosystem players, including automotive OEMs, mobile operators and connected car platform specialists, strategic recommendations for ecosystem players as well as market analysis and forecasts from 2015 till 2030.

Another research titled Connected Car Market by Connectivity Form Factor (Embedded, Tethered, Integrated), Connectivity Technology (LTE, 3G, HSPA+, Wi-Fi, Bluetooth), Application (Navigation, Telematics, Infotainment) and Geography - Trends & Forecast to 2014 - 2020 forecasts a 10.82% CAGR for this industry to be worth $46.69 billion by 2020. This research reviews the latest market trends with an objective to disclose future growth prospects. An in-depth analysis on a geographic basis provides strategic business intelligence for investments in the automotive sector. The study reveals profitable investment strategies for electronics companies, business executives, product marketing managers, new business investors, and many more in preferred locations. In addition to that, the report contains market segmentation based on connectivity form factor, connectivity technology, application, and geography.

It is expected that Europe would account for a large share in the connected car market, followed by North America and Asia-Pacific. Moreover, the Asia-Pacific market for connected cars is expected to grow at a high rate. The scope of the report includes the hardware part of the connected car ecosystem that is the connectivity technology and the form factor. In this report, the connectivity technology used in connected cars is categorized into LTE, 3G, HSPA+, Wi-Fi, and Bluetooth. Each technology is analyzed both in terms of qualitative and quantitative aspect, and it includes all sub segments with a detailed analysis. The competitive landscape section of the report primarily focuses on latest developments, and respective market share rankings of key industry players in the connected car market. In addition to that, the report entails emerging market trends, advancements in the technological space, market demand of the segments, key growth areas, market size, region-wise demand factors, and key competitors' analysis.

The geographic segmentation of the report covers major regions of the world, namely- North America, South America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The report also profiles major players in the connected car market. 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) and Sierra Wireless (Canada). Comprehensive table of contents and more on this connected car market research is available at http://www.reportsnreports.com/reports/228238-connected-car-market-2013-2018-by-connectivity-technology-lte-wi-fi-3g-hspa-form-factor-tethered-embedded-integrated-product-service-oem-aftermarket-application-navigation-telematics-infotainment-geography.html .

Within the IT and Telecommunication market, ReportsnReports.com has following related reports on the connected car ecosystem:

Mobile Operators Go after the Connected Car Opportunity; Cellular Telematics Value Chain, Business Models and Market Forecast: Telematics is one of the most dynamic and fastest growing segments of the cellular machine-to-machine market. The total number of telematics M2M SIMs has reached 37m in 2013, representing about 4% of all passenger cars. This research estimates that penetration of passenger cars will grow to 12% by 2018, with telematics M2M SIMs contributing more than 20% of all M2M SIMs. Europe will become the largest market in 2016, overtaking the US. Regulations are a key market driver, with legal requirements beginning to have an impact on the markets in Brazil, parts of Europe and Russia. Pay-as-you-drive and pay-how-you-drive are the key telematics-based insurance services, but increasingly insurers are adding more services, such as security and vehicle location services, which also lower their risks. Mobile operators have a number of ways in which they can increase their share of the value chain, including becoming telematics service providers, offering flexible billing options, building or acquiring system integration capabilities and leveraging their channels to market. Examples from around the globe are discussed at length throughout, including ATandT (in the US), GM On Star (US), Vodacom (South Africa), ERA GLONASS (Russia), eCall (Europe), Volvo, insurethebox (the UK), Generali and Telefónica (Spain), and the CONTRAN regulations (Brazil). Read more at http://www.reportsnreports.com/reports/280644-mobile-operators-go-after-the-connected-car-opportunity-cellular-telematics-value-chain-business-models-and-market-forecast.html .

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