Connected Car Market to Grow at 31% CAGR to 2020

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The newly published report on connected car market titled "The Connected Car Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies & Forecasts", says the use of telematics is already widespread with the growing adoption of applications such as fleet management, emergency calling, navigation, vehicle tracking and remote diagnostics. Between 2016 and 2020, automotive OEMs and other ecosystem players will continue to invest heavily in dedicated connected car programs that go beyond traditional telematics. Multiple automotive OEMs are beginning to integrate in-vehicle payment capabilities with their connected car platforms to make it possible for drivers to pay for services such as fuel, parking, food and tolling, without having to leave their vehicles.

By the end of 2016, research estimates that connected car services will account for $14 Billion in annual revenue, driven by a host of applications. The market is further expected to grow at a CAGR of 31% between 2016 and 2020. Although the market is presently dominated by infotainment and telematics, connected driver assistance systems and autonomous driving applications will witness the highest growth rate over the next four years.

The connected car ecosystem continues to consolidate, with larger players investing in acquisitions to increase their market share, technical capabilities, revenue and geographic reach. For example, semiconductor giant Intel has made a spate of acquisitions including Altera, Yogitech, Arynga and Itseez, to bolster its IoT and connected car capabilities. And many mobile operators have expanded beyond their traditional role as connectivity providers, to offer end-to-end connected car platforms directly to automotive OEMs and aftermarket suppliers.

The "Connected Car Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies & Forecasts" report presents an in-depth assessment of the connected car ecosystem including OEM connected car programs, enabling technologies, key trends, market drivers, challenges, applications, collaborative initiatives, regulatory landscape, standardization, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents market size forecasts for connected car services from 2016 through to 2030. The forecasts are segmented for 3 connectivity models, 5 application categories, 5 regions and 17 leading countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

Companies profiled are: 21ViaNet Group, 3GPP (3rd Generation Partnership Project), Abalta Technologies, Accenture, Acura, Aeris Communications, Agero, Airbiquity, Alcatel-Lucent, Alibaba Group, Alliance of Automobile Manufacturers, Allstate Insurance Company, Alpine Electronics, Altera Corporation, Amdocs, América Móvil, Analog Devices, AppCarousel, AppDirect, Apple, Arada Systems, ARIB (Association of Radio Industries and Businesses,  Japan), Arynga, Association of Global Automakers, AT&T, AT&T Mobility, ATIS (Alliance for Telecommunications Industry Solutions,  U.S.), Atmel Corporation, Atos, Audi, Autologic, Automatic Labs, AutoNavi Software, Autonet Mobile, Autotalks, AVnu Alliance, Azuga and more.

Another related report is Connected Car M2M Connections and Services Market in the US 2016-2020. The analysts forecast connected car M2M connections and services market in the US to grow at a CAGR of 28.62% during the period 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 and others. Key vendors include Audi Connect, BMW, Gemalto, BMW, General Motors, Sierra Wireless and Verizon Telematics.