According to the report analysis, ‘Global
Connected Cars Market, By Technology (2G, 3G, 4G, GNSS), By Connectivity
(Embedded, Integrated, Tethered), By Applications (Location Based, Infotainment
& HMI, Safety & Security, Convenience, Driver Assistance), By Regions -
Trends & Forecast: 2015-2020’ states that the global connected car
market is predicted to reach 153.6 billion by 2020. However, this report also
recommends that in the market of connected cars there are several key players
across the globe which are presently functioning in this sector more actively
for leading the fastest market growth and dominating the foremost value of
market share globally throughout the short span of time while studying the
government regulations, ensuring the security concerns, cost concerns and
emerging the domain for the cloud providers includes General Motors, Ford Motor
Company, Delphi Automotive PLC, NXP Semiconductors, Daimler AG, Continental AG,
Garmin International, Apple Inc., Google Inc., International Business Machines
Corporation, AT&T Inc., Intel Coproration, Zubie, Intelligent Mechatronic
Systems – IMS, Jasper Technologies, Inc, Mojio, Autonet Mobile and several
others.
However, the connected car simplifies the
connectivity on wheels proposing the comfort, opportuneness, presentation,
safety, and security along with the commanding network technology. This allows
the driver to associate with the online platforms, thereby simplifying the
real-time communication. The significant increase in the consumer requirement
for the connectivity solutions, gush in requirement for the constant
connectivity, rise in the dependency on technology, and improvement in the
tech-savvy populace are the foremost factors that underwrite toward the growth
of the global connected cars market. Over the time, the several connectivity
solutions have been improved by car the constructers and service delivers,
which involves the machine-to-machine (M2M) connectivity platform. This M2M
application in a car allows the interconnectivity among the two connected cars.
The car is fortified with the plentiful sensors and processors, which deliver
the precise and real-time information to the driver. This in turn fosters the
acceptance of the connected cars around the world, thus complementing the growth
of the market.
In addition, the significant increase in the
trend of connectivity solutions and affluence of the vehicle diagnosis are
predicted to boom up the growth of the market. In addition, the significant
augment in the requirement of safety & security propel the market growth.
The manufacturer of automobile are muscularly
aim on delivering the connectivity solutions in their vehicles to boom up their
automobile promotion, due to ever-increasing demand of the connectivity.
Additionally, the rise in the preparedness of the customers to stay associated
with the external world even while travelling propels the acceptance of the
connected cars across the world.
Not only has this, along the support of a
smartphone, modem, or connectivity device, an in-car hotspot can be generates
to deliver the internet access to all devices within the vehicle. Therefore,
increase in the trend of connectivity solutions is fueling the growth of the
connected cars market.
Furthermore, it is anticipated that the market
of connected cars across the globe will increase more positively over the
coming years with the handsome amount of investment by the manufacturers for
improving and introducing the specifications and applications of the connected
cars.
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