The US Connected Car M2M Connections and Services Market to grow at a CAGR of 28.62% during 2016-2020

Albany, NY, Jan 13: The connected car market has been fueled by factors such as rising demand for constant connectivity, increased dependency on technology, and the growing number of tech-savvy customers.

Over the years, automotive manufacturers and service providers have been developing connectivity solutions such as M2M connectivity platforms. M2M connectivity enables the interconnectivity between two vehicles. Innumerable sensors and processors integrated into a car provide accurate and real-time information about the surrounding environment to the driver.

The connected car M2M connections and services market in the US to grow at a CAGR of 28.62% during the period 2016-2020. The report covers the present scenario and the growth prospects of the connected car M2M connections and services market in the US for 2016-2020. To calculate the market size, the report considers the following:
- Service revenue generated from OEMs and aftermarket equipment; for instance, the revenue includes the per year service revenue of Audi connect, not the device or module cost installed in the vehicle
- Revenue from infotainment, navigation, and telematics services; other services include vehicle management, on-drive management, safety and security, and driver assistance.
- Data analytic services and automotive apps

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The market is divided into the following segments based on application:
- Security and safety
- Driver assistance
- Infotainment
- Vehicle Management
- Insurance-based telematics
- Others

Technavio's report, Connected Car M2M Connections and Services Market in US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Audi Connect
- BMW
- Gemalto
- BMW
- General Motors
- Sierra Wireless
- Verizon Telematics

Other prominent vendors
- Aeris
- Airbiquity
- Alcatel-Lucent
- Apple
- AT&T
- Autonet Mobile
- Axway
- Bell Mobility
- Broadcom
- CalAmp
- Daimler
- Ericsson
- Ford Motors
- Google
- Harman International.................

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.