Connected Car Market Analysis, Development and Demand Forecast to 2020 by P&S Market Research

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GLOBAL INDUSTRY INSIGHT: Global Connected Car Market Analysis, Development and Demand

Forecast to 2020

Global Connected Car Market to Witness 27% CAGR during 2015 – 2020

The global connected car market is expected to grow from $25,263.3 million in 2014, and reach

$137,780.8 million by 2020, growing at a CAGR of 26.9% during 2015 – 2020. The global

connected car market, comprising sensors, processors, wireless & cellular modules, fleet manager,

OEM services and aftermarket services is driven by the availability of fast and advanced

communication & connectivity solution. With the enhancement for safer driving experience fueled

with favorable rules & regulations in different countries would also favors the growth of connected

car market across various geographic regions.

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The adoption of connected car in North America is high owing to the widespread connectivity

solutions and ease in availability of products and services with government regulations for driver

safety. The European region is showing huge market potential for the adoption of connected car.

This growth is highly complimented with the eCall regulations, mandated by the European

Parliament for the installation of eCall systems in the cars manufactured from the year 2015. Other

regions such as Asia-Pacific would become the prominent market for connected cars owing to high

growth in automotive market and enhancing connectivity infrastructures.

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The advancement in infotainment systems and increasing connectivity through wireless networks

are the two main factors, which would help enhancing the market growth for connected cars.

Furthermore, rising consumer demands in accordance with growing number of tech savvy people,

increasing dependency on technology related products and enhancing connectivity options, would

also act as growth factors for connected car market. On the other hand, some of the restraints

associated with connected cars are the additional expenses borne by the consumer for availing the

connected car service, threat of hackers breaching the security and accessing data or causing

nuisance to the cars system, non-availability of uninterrupted & seamless connectivity and lack of

awareness among consumers in certain regions.

The information and data in the publication “Global Connected Car Market Size, Share,

Development, Growth and Demand Forecast to 2020” represent the research and analysis of

data from various primary and secondary sources. A bottom-up approach has been used to

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calculate the global connected car market by geography, product & services, technology,

connectivity solutions and application. P&S Market Research analysts and consultants interact with

leading companies of the concerned domain to substantiate every value of data presented in this

report. The company bases its primary research on discussions with prominent professionals and

analysts in the industry, which is followed by informed and detailed, online and offline research.

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and-transportation

Geographically, North America dominated the global connected car market in 2014; whereas the

Asia-Pacific market is expected to witness the fastest growth of 29.9% CAGR, during the forecast

period. Technology agreements and collaborations are the key strategies adopted by the market

players to enhance their market share. For instance, AT&T is working with automotive

manufacturers to provide contextual voice controls, which would help to create a safer driving

experience. TomTom launched the online turn-by-turn navigation service for customers, making it

feasible to connect over a network. The introduction of automobiles equipped with advanced

connectivity options is expected to positively impact the growth of the global connected car

market.

The connected car market is consolidating with large number of collaborations taking place. The

collaborations have enhanced the continuous product offerings in order to share the knowledge and

technology at one platform. The key competitors in the global connected car market include

Harman, AT&T Inc., TomTom, Telefonica, Verizon, Ford Motors Co., Mercedes Benz, BMW AG and

Audi AG.

Chapter 1. Research Scope & Methodology

1.1 Market Definition

1.2 Objectives

1.3 Market Scope

1.3.1 Market by technology

1.3.2 Market by connectivity solutions


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1.3.3 Market by products & services

1.3.4 Market by application

1.3.5 Market by geography

1.4 Research Methodology and Sources

Chapter 2. Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3. Market Outlook

3.1 Introduction

3.2 Trends in the Connected Car Market

3.2.1 Increasing number of agreements

3.3 Opportunities in the Market

3.3.1 Massive unexplored Connected Car market across the globe

3.4 Factors Driving the Market and its Impact on Market Forecast

3.4.1 Increasing connectivity options and availability

3.4.2 Increasing usage of advance diagnostic and maintenance system

3.4.3 Increasing safety and security awareness

3.4.4 Increasing driving experience

3.5 Factors Hindering the Market and its Impact on Market Forecast

3.5.1 High capital expenditure and maintenance requirement

3.5.2 Privacy and security issues

3.5.3 Non availability of uninterrupted & seamless connectivity

Chapter 4. Global Connected Car Market Size and Forecast (2011 – 2020)

4.1 Global Connected Car Market, by Technology

4.2 Global Connected Car Market, by Connectivity Solutions



4.3 Global Connected Car Market, by Product and Service

4.4 Global Connected Car Market, by Application

4.5 Global Connected Car Market, by Geography

Chapter 5. Global Connected Car Market by Technology

5.1 4G/LTE Market

5.2 3G Market

5.3 2G Market

Chapter 6. Global Connected Car Market by Connectivity Solution

6.1 Integrated Market

6.2 Embedded Market

6.3 Tethered Market

Chapter 7. Global Connected Car Market by Application

7.1 Navigation Market

7.2 Telematics Market

7.3 Infotainment Market

Chapter 8. Global Connected Car Market by Product & Service

8.1 Sensors Market

8.2 Processors Market

8.3 Fleet Manager

8.4 Wireless and cellular modules

8.5 OEM Services

8.6 Aftermarket Services

Chapter 9. Connected Car Market, by Geography

9.1 North America Connected Car Market

9.1.1 North America Connected Car market, by technology



9.1.2 North America Connected Car market, by Connectivity Solutions

9.1.3 North America Connected Car market, application

9.1.4 North America Connected Car market, by product & services

9.2 Europe Connected Car Market

9.2.1 European Connected Car market, by technology

9.2.2 European Connected Car market, by Connectivity Solutions

9.2.3 European Connected Car market, application

9.2.4 European Connected Car market, by product & services

9.3 Asia-Pacific Connected Car Market

9.3.1 Asia-Pacific Connected Car market, by technology

9.3.2 Asia-Pacific Connected Car market, by Connectivity Solutions

9.3.3 Asia-Pacific Connected Car market, by application

9.3.4 Asia-Pacific Connected Car market, by product & services

9.4 LAMEA Connected Car Market

9.4.1 LAMEA Connected Car market, by technology

9.4.2 LAMEA Connected Car market, by Connectivity Solutions

9.4.3 LAMEA Connected Car market, application

9.4.4 LAMEA Connected Car market, by product & services

Chapter 10. Competitive Analysis

10.1 Porter's Five Forces of Competitive Position Analysis

10.1.1 Bargaining power of suppliers

10.1.2 Bargaining power of buyers

10.1.3 Threat of new entrants

10.1.4 Intensity of rivalry

10.1.5 Threat of substitutes



10.2 Competitive Positioning of Key Players

Chapter 11. Company Profiles and Strategic Developments

11.1 Key Company Profiles

11.1.1 Telefonica, S.A.

11.1.1.1 Business overview

11.1.1.2 Product and service offerings

11.1.2 Verizon Wireless



11.1.3 Harman International Industries



11.1.4 TomTom



11.1.5 AT&T



11.1.6 Vodafone Group Plc



11.1.7 Ford Motors Co.



11.1.8 BMW





11.1.9 AUDI



11.1.10 Mercedes-Benz



11.2 Strategic Developments in the Global Connected Car Market

11.2.1 Mergers and acquisitions

11.2.2 Product launches

11.2.3 Partnerships/collaborations

Chapter 12. Appendix

12.1 List of Abbreviations

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Connected Car Market Analysis, Development and Demand Forecast to 2020 by P&S Market Research