Connected Cars Market 2016 is expected to reach $153.60 billion by 2020

The connected car, which once was a concept and limited to science fiction movies, is a reality today. Cars are extremely well connected these days with extensive embedded hardware components combined with smart connectivity capabilities that use an array of protocols to deliver key electronic, monitoring and diagnostic functions. It has become an emerging market where everybody is trying to be a part of it considering the enormous potential the market holds.

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The global connected car market is fragmented and it is in a growing stage where many stakeholders of the ecosystem are forging strategic collaborations to create connected car solutions. The market revenue is estimated to reach $153.60 billion by 2020,” said Infoholic Research.

Connected cars connects to other devices within the car or devices, networks and services outside the car including other cars, home, office or infrastructure. The major stakeholders of connected cars are automotive majors, wireless carriers and engineering IT service providers. Some of the features that are used today are music/audio, GPS navigation system, wireless connectivity to make and receive phones, parking apps using a smartphone, automobile diagnostics. The future of connected cars includes LTE data connections & Wi-Fi, Vehicle-to-Vehicle (V2V) & Vehicle-to-Infrastructure (V2I) and autonomous cars. Two of the major hurdles that may hamper its rapid adoption are wireless connectivity infrastructure and consumers concerns of data safety & privacy. Some of the major market players include Apple, Google, IBM, GM OnStar, Daimler, Ford, QNX.

The report provides unique insights into an in-depth analysis of global connected cars market, drivers and restraints as well as growth opportunities. It also contains analysis and forecast revenues, competitive landscape, company profiles and industry trends.

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Table of Contents

1 Industry Overview
1.1 Industry Trends
1.2 Future Possibilities
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 TAM & SAM
3.2 Global Connected Cars Market Revenue
3.3 Global Connected Cars Shipment
3.4 Connected Cars impact on Non-Automotive Industries

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