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Connected Car Market to Hit $98.42 Billion by 2018 - New Report by MarketsandMarkets
Date:5/12/2013

(PRWEB) May 12, 2013

According to a new market research report "Connected Car Market (2013-2018): By Connectivity Technology (LTE, Wi-Fi, 3G, HSPA); Form Factor (Tethered, Embedded, Integrated); Product and Service (OEM and Aftermarket), Application (Navigation, Telematics, Infotainment) and Geography" published by MarketsandMarkets the total market is expected to reach total shipments of 59.86 million units by 2018, growing at an estimated CAGR of 41.2% from 2013 to 2018.

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  • 124 Market Data Tables
  • 72 Figures
  • 314 Pages and an in-depth Table of Content on “Connected Car Market"

http://www.marketsandmarkets.com/Market-Reports/connected-cars-market-595.html

Early buyers will receive 10% customization on this report.

Thanks to the rapid technological advancements in network and mobile technology such as LTE, Wi-Fi, providing Internet in car has caught up as an emerging trend in the automotive industry. Connectivity in car is increasingly becoming a must-have feature and key driver to the industry. Consumers’ demands and mandates (both - existing and expected) are the prime drivers.

Most of the major economies have already introduced one mandate or the other such as eCall in Europe and GLONASS in Russia. No wonder most of the industry experts opine that the connected car is all set to be the next big thing in the automotive industry. Future generations will rely more on cloud-based backend systems for content, information, and services. This turning of car into a huge data repository will open new avenues of business opportunities for service industries such as insurance and content providers such as Spotify (U.K.).

The major companies include General Motors (U.S.), BMW (German
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