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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.

Browse

  • 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 (Germany), Ford (U.S.), Audi (Germany), Diamler AG (Germany), Harman International (U.S.), TomTom (The Netherlands), Luxoft (Russia), Sierra Wireless (U.S.), Apple Inc (U.S.), AT&T (U.S.), Alcatel Lucent (U.S.), Verizon (U.S.), and China Mobile (China), Microsoft (U.S.), QNX Software (U.S.), Delphi Automotive (U.S.), and Intel Inc. (U.S.) among others.

This report describes the market trends, drivers, and challenges with respect to the connected car market and forecasts the market to 2018, based on connectivity technology, form factors, products and services, applications, and geography.

The report covers geographies like

  • North America
  • Europe
  • Asia Pacific, and
  • ROW (Rest of the World).

North America is the largest geography in terms of connected car unit shipments and market revenue. Asia Pacific has been identified as the fastest growing region, with China leading the way. Europe and ROW also sound promising, with Brazil, Germany, and Russia providing impetus to the growth. The report profiles 26 promising players in the connected car market ecosystem.

The competitive landscape of the market presents a very interesting picture, where large number of small players has become a force to reckon with. The market is witnessing large scale collaboration and partnership across the value chain apart from numerous consortiums being formed.

Buy a copy of this report at http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=595

Browse Relate Reports to - Semiconductor & Electronics Market

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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