Published on : Nov 03, 2016
ALBANY, NY, Nov 03, 2016: The report, titled “Global Connected Car Market (by Application, Connectivity Solution & Region): Industry Analysis & Outlook (2016–2020),” also establishes that the rising number of telematics mandates by several governments, worldwide, as another key driving factor behind the substantial growth of this market.
Further, the study also talks about the challenges and restraints this market will face over the forthcoming years. As per researchers, cyber security will emerge as a prime concern among consumers across the world. The high cost associated with these cars will also limit their demand significantly, states the report.
In this research report, the global market for connected cars has been evaluated on the basis of the application, connectivity solution, and the geographical spread of this market. Based on the application, the worldwide market has been classified into navigation, infotainment, and telematics. Due to the large-scale uptake, navigation, among these, is likely to surface as the key application segment of this market in the near future.
By the connectivity solution, the report has categorized the global connected car market into embedded, integrated, and tethered. Of these three, the integrated segment has been dominating the market with a majority share. With the rising usage of web-based applications, this segment is projected to maintain its leading streak over the next few years, notes the market study.
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Geographically, North America, Asia Pacific, and Europe have been identified as the main segments of the global connected car market in this report. North America has been the key contributor to this market since the last few years and is expected to remain dominant throughout the forecast period. The early adoption of technology and the presence of high net worth individuals in this region is expected to support the North America market for connected cars in the forthcoming years, states the research report.
A competitive landscape of the global market for connected cars has also been presented in this research report. According to the study, Apple Inc., Audi, AT&T Inc., and Alcatel Lucent are the leading manufacturers of connected cars across the world. Some of the other prominent participants in this market are General Motors, Ford, BMW, Sierra Wireless, Gemalto, Mercedes-Benz, Hyundai Motors, T-Mobile, Delphi Automotive LLP, Delphi Automotive LLP., Microsoft Corp., and Verizon Communications Inc.
The research report attempts to provide an unbiased analysis of the global market for connected cars on the basis of its past and current performance in order to assist the participants in their business expansion.
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