Press release
Global Connected Car M2M Market To Grow At A CAGR Of 27.52% During The Period 2017-2021
Connected cars enable drivers to connect with online platforms and obtain real-time communication, such as real-time traffic updates while traveling. 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. Connected cars enable drivers to connect with online platforms and obtain real-time communication, such as real-time traffic updates while traveling. Connected car services comprise of entertainment provided by content providers and advertisers, diagnostics by repair or maintenance providers, and navigation solutions. Other services include safety and security such as tracking services, road assistance, alarm systems, location sharing, concierge services, as well as analytics and insurance services.
Technavios analysts forecast the global connected car M2M market to grow at a CAGR of 27.52% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global connected car M2M market for 2017-2021. 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 geography:
Americas
APAC
EMEA
Technavio's report, Global Connected Car M2M Market 2017-2021, 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
Alpine Electronics
BMW
GM
Audi
Other prominent vendors
Bosch
Delphi Automotive
Ford Motor Company
IBM
Mercedes-Benz
NXP Semiconductors
PSA Peugeot Citron
Qualcomm
Sierra Wireless
Tech Mahindra
Toyota
Volkswagen
Wipro
Market driver
Increased customer demand for advanced infotainment services.
For a full, detailed list, view our report
Market challenge
Potential security breaches impacting the adoption of technology.
For a full, detailed list, view our report
Market trend
Big data platform provided by connected cars to foster further developments.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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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