Press release
In-Car Apps Market Outlook and Growth By Top Companies: Alcatel-Lucent, Apple, AT&T, Delphi Automotive LLP, Audi AG, Google, NXP Semiconductors, General Motors, Ford Motor Company
Global Market Insights
The major application of in-car app market includes; weather, navigation, music, social networking and news. In 2015, navigation was the foremost app segment and accounted for around 53% followed by weather app, accounted for over 40% of the overall industry share.
In-car apps market size is estimated to be valued around 60 million units by 2023. In addition, apps are now integrated with various sensors that facilitate in monitoring the driver’s activity and also tracks its focus towards road in order to avoid distracted driving. Increasing implementation of these applications facilitates the user to monitor car repairs with the help of smartphones. It also allows customers in establishing connection with number of service professionals and carries out communication via text, pictures as well as videos. Furthermore, in-car apps help to diagnose the vehicle issues in case of any hazardous situation offers numerous local repair shop suggestion along with the repair charges respectively.
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Top Key Players: -
Key industry participants for the in-car apps market share include Alcatel-Lucent, Apple Inc, AT&T Inc, Delphi Automotive LLP, Audi AG, Google Inc, NXP Semiconductors, General Motors, Ford Motor Company and Sierra Wireless among others.
Market share calculation in this report is not done based on companies covered in it. The calculation of in-car apps market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America and Western Europe are anticipated to have 92 million internet connected vehicles by 2016. The app enabled cars are expected to be majorly sold in Europe, the Middle East and Africa (EMEA) over the forecast period. Apple’s carplay and android’s auto apps are anticipated to witness significant market growth owing to increasing integration of these infotainment platforms in vehicles.
It is expected that more than 24 million cars will be equipped with apple carplay app by 2019. Android Auto is expected to be valued around 31 million units by 2020 as well as Apple carplay is likely to be valued at 37 million units by 2020.
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It incorporates various technologies such as voice control, gesture recognition and aids in eliminating extra buttons in order to maintain driver’s focus on the road. In-car apps assist in ensuring safety by offering improved features such as autonomous emergency brake, evolved cruise control, blind spot data, traffic jam help, cross traffic, and change of lane assist. Furthermore, it also facilitates driver in lane departure, parking assist, traffic signal warning, pedestrian warning, autonomous parking, surround view systems and car to car communications. It offers aforementioned features by installing sensor technologies such as, radar, camera and ultrasound.
Numerous domains such as fuel economy and efficiency, health and personal efficiency, security, road safety and insurance liability are anticipated to furnish colossal in-car apps market growth avenues over the forecast period. Growing partnership among app integrators as well as OEM’s (original equipment manufacturers) is forecast to facilitate potential growth opportunities to the in-car apps market.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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