Press release
At a CAGR of 28.62% Connected Car M2M Connections and Services Market Driven by Growth in Embedded Telematics Solutions in the US 2016-2020
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.
Technavios analysts forecast the connected car M2M connections and services market in the US to grow at a CAGR of 28.62% 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 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
The market is divided into the following segments based on application:
Security and safety
Driver assistance
Infotainment
Vehicle Management
Insurance-based telematics
Others
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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
Harman International
HERE
Hyundai Motors
IBM
Intel
Intelligent Mechatronic Systems (IMS)
Mercedes-Benz Connect
Microsoft
Parrot Automotive
PSA Peugeot Citron
Qualcomm
Tech Mahindra
Toyota Motors
Volkswagen
Wipro
Market driver
Growth in embedded telematics solutions
For a full, detailed list, view our report
Market challenge
High cost of connected car M2M equipment and services
For a full, detailed list, view our report
Market trend
Deployment of V2X technology in vehicles
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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