Connected Car Ecosystem Market Growth Forecast Report To 2030 : Radian Insights,Inc
RadiantInsights.com includes new market research report on “Global Connected Car Ecosystem Market Size, Share And Trends Report Up To 2030 : Radiant Insights” to its huge collection of research reports.
San Francisco, United States – February 26, 2016 /MarketersMedia/ —
Connected cars are among the leading segments of the Internet of Things (IoT). Automobile manufacturers are shifting their technology focus from optimal functioning of internal aspects of the vehicle to facilitating connectivity with the outside world.
Browse Full Research Report With TOC On “The Connected Car Ecosystem: 2015 – 2030 – Opportunities, Challenges, Strategies & Forecasts” at: http://www.radiantinsights.com/research/the-connected-car-ecosystem-2015-2030-opportunities-challenges-strategies-and-forecasts
The ‘connected car’ would be a vehicle that uses onboard sensors and internet connectivity to deliver efficient performance and ensure maximum convenience and comfort of passengers. Chief stakeholders of the connected car ecosystem are OEMs (Original Equipment Manufacturers), mobile operators, telematics specialists, etc. Investments in big data and analytics by automobile vendors will grow at a CAGR of about 15% from 2015 to 2020, and exceed USD 4 billion by 2020.
Research indicates that the global connected car ecosystem market would generate revenues worth USD 41 billion by 2020. Technological advancements are fueling market growth. High speed internet, navigation tools, HD touch screens are creating huge opportunities in the infotainment space. Overall dependence on technology is also on the rise. The trend of staying connected all the time will drive demand for connected cars.
Favorable governmental regulations may contribute to growth. Agencies like the US DOT (United States Department of Transportation) and NHTSA (National Highway Traffic Safety Administration) are working on a proposal that mandates automobile manufacturers to install vehicle-to-vehicle communication devices.
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About Radiant Insights
Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. The market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.
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