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Connected Car Market Growth Rate at a CAGR of 32.26% to 2021 with Technology Adoption
ReportsWeb
Publisher's analysts forecast the global connected car market to grow at a CAGR of 32.26% during the period 2016-2020.
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The increasing demand for smartphone integration will drive the growth prospects for the global connected car market until the end of 2020. The evolution of the trend of connectivity in vehicles allows the consumers to connect their smartphones and tablets to the vehicle's infotainment systems and access enhanced entertainment and information. For instance, Apple's car integration Carplay and Android Auto are used widely by the automobile original equipment manufacturer (OEMs) in their infotainment system to allow drivers to connect their smartphones to the car hardware.
Key vendors
-Alpine Electronics
-BMW
-Delphi Automotive
-Ford Motor
-NXP Semiconductors
Other prominent vendors
-Audi
-Bosch
-Continental
-Mercedes-Benz
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Market driver
-Automotive OEM push for embedded connectivity in BRIC nations to drive revenue growth.
Market challenge
-Potential security breach may impact technology adoption.
Market trend
-Shared data plans to reduce the number of data subscriptions per user.
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/global-connected-car-market-2016-2020
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