Global Connected Car Market Outlook, 2017

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Apr 19, 2017, 15:43 ET

LONDON, April 19, 2017 /PRNewswire/ -- OEMs Plan to Embrace Servicification Model Targeting $50 Billion Aftersales Market While 200 New Start-ups Prepare to Disrupt the Industry with Unique Platform-based Business Models

The 2017 connected car outlook offers a 360-degree perspective of the global connected car market, answering questions such as: Where are the avenues for growth opportunities? What trends are affecting the growth of the market in different regions? It discusses the outlook for technologies such as biometrics, human-machine interface (HMI), vehicle-to-everything (V2X), satellite communication, virtual assistants, and over-the-air (OTA) updates, to name a few.

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The research highlights market, technology, and regional trends so the reader will understand where opportunities await in the market. Top trends include data-enabled use cases, data monetization, voice recognition as HMI through personal assistants, biometrics for personalization and authentication, business and revenue model strategies, and growing software dependency.

The forecasts for connected car unit shipments are provided from 2016 to 2022 along with penetration for HMI technologies such as gestures, digital instrument clusters, and head-up displays (HUDs). Global telematics subscribers have been forecast for the same period, along with the market share for automotive operating systems such as GENIVI Linux, QNX, Android, and Microsoft.

In this year's outlook, the Frost & Sullivan team has analyzed the start-up space that is disrupting the global connected car market including information on funding, technology domain, and unique selling points as well as major initiatives by big players such as Ford, BMW, JLR, Tesla, and GM. Start-ups act as tools to enter the car data monetization space from various verticals, such as developing new apps and hardware/interfaces (smartphone pairing), or offering services like prognostics and apps related to customers and cars. Automotive suppliers are trying to capture and sell car data by leveraging their software and hardware platforms.

Connected car features (infotainment, telematics, input and output HMI) across regions such as Europe, North America, Brazil, and China have been benchmarked (over 40 features listed). The research is split across domains such as infotainment, connectivity, telematics, and aftermarket connected car analysis. OEM solutions are benchmarked against infotainment systems, HMI solutions, and app-based models. Overall, the study includes multiple exhibits offering in-depth analysis of select OEMs, Tier I suppliers, and other value chain disruptors. Highlights from 2016, predictions for 2017, and a holistic view of the global connected car market are presented.

Key Questions This Study Addresses:
• What are the major HMI and connected car market and technology trends?
• Where are the major growth opportunities?
• What moves can companies make to capitalize on these opportunities?
• What are the top trends for each region?
• How will the aftermarket participate in the connected car market?
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