Press release
Connected Car M2M Connections and Services Market in WE will Grow Impressively at a CAGR of Almost 26.38% by 2020
Connected cars enable drivers to connect with online platforms and obtain real-time communication such as real-time traffic updates during travel. Different factors such as rising demand for constant connectivity, increased dependence on technology, and the growing number of tech-savvy customers have fueled the growth of the connected car M2M connections and services market.
Technavios analysts forecast the connected car M2M services market in Western Europe to grow at a CAGR of 26.38% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the connected car machine-to-machine (M2M) connections and services market in Western Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from OEM and aftermarket equipment.
The market is divided into the following segments based on application:
Driver assistance
Safety and security
Infotainment
Vehicle management
On-drive management
Other services
Technavio's report, Connected Car M2M Connections and Services Market in WE 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
BMW
Gemalto
General Motors
Deutsche TeleKom
Other prominent vendors
Delphi Automotive
Ford Motors
IBM
Intelligent Mechatronic Systems (IMS)
Mercedes-Benz Connect
Parrot Automotive
PSA Peugeot Citron
Qualcomm
Sierra Wireless
Tech Mahindra
Toyota Motors
Volkswagen
Wipro
Market driver
Enhanced safety and security features
For a full, detailed list, view our report
Market challenge
Issues with security and network integration
For a full, detailed list, view our report
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Market trend
Smart parking with embedded sensors
For a full, detailed list, view our report
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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