Global Connected Car M2m Market To Grow At A Phenomenal Cagr Of 27.52% During The Period 2017-2021
Orbis Research Presents Global Connected Car M2M Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts.
Dallas, United States – May 8, 2017 /MarketersMedia/ —
Description
The Following Companies As The Key Players In The Global Connected Car M2m Market: Alpine Electronics, BMW, GM, and Audi.
Other Prominent Vendors in the market are: Bosch, Delphi Automotive, Ford Motor Company, Google, IBM, Mercedes-Benz, NXP Semiconductors, PSA Peugeot Citroën, Qualcomm, Sierra Wireless, Tech Mahindra, Toyota, Volkswagen, and Wipro.
Commenting on the report, “One trend in market is big data platform provided by connected cars to foster further developments. The growth of connectivity solutions in the automotive segment provides a huge opportunity to the automobile OEMs to develop an efficient product for the customers using real-time data. This data is expected to grow further due to the increasing adoption of connected cars during the forecast period. For instance, telematic devices will produce data for information like date, time, speed, acceleration, deceleration, cumulative mileage, fuel consumption, and navigation details. This data is approximately in the range of 6 MB to 20 MB per customer annually. Hence, the total data will be more than 1 TB per year for 100,000 vehicles. Such crucial data can be used by many stakeholders to augment their revenue stream.”
Covered in this report
The report covers the present scenario and the growth prospects of the global connected car M2M market for 2017-2021. To calculate the market size, the report considers the revenue generated from OEM and aftermarket equipment.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
According to the report, one driver in market is availability of high-speed wireless networks. Telecom operators play a significant role in the growth of the global connected car M2M market as the connectivity of the connected car M2M modules and platforms depend solely on telecom networks. Some connected car M2M services require high-speed wireless networks. For instance, on-the-move radio streaming, music, video, location-based services (LBS), and on-demand content require high-speed wireless networks. Due to the wide reach of 3G and LTE networks, telecom operators can provide high-speed connectivity at lower tariffs to connected car M2M users. Many car manufacturers, connected car M2M platform developers, and telecom operators are expected to develop partnerships to launch LTE-based connected cars during the forecast period. The market has witnessed similar strategic partnerships in the past that fostered market growth. For instance, in 2014, Audi announced the launch of its S3 Sportback model in Europe with an embedded Gemalto LTE module.
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Further, the report states that one challenge in market is lack of convergence between the lifecycles of automotive and mobile industries. The mobile devices industry has faster product lifecycles than the automotive industry. The lifecycle of products in the automotive industry is lengthier by quite a few years when compared to the smartphone industry. For example, the lifespan of a notebook or a laptop is about two and a half years, whereas a car is scrapped on an average after 15 years. This difference would prevent customers from following-up on the updates for hardware, new technology, and software that are evolving on a continuous basis in the connected cars segment. Infotainment systems that are generally embedded in the vehicle offer entertainment, phone, and navigation services via a touchscreen or display unit. However, the consumers are feeling disconnected with their IVI systems owing to the lag between the product cycles of smartphones and automobiles in the past few years. The technological advances in the vehicles take years to get commercialized. Thus, the automotive manufacturers and automotive infotainment manufacturers are not able to keep pace with the latest smartphones updates.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Contact Info:
Name: Hector Costello
Email: rashmi@orbisresearch.com
Organization: Orbis Research
For more information, please visit http://www.orbisresearch.com/reports/index/global-connected-car-m2m-market-2017-2021
Source: MarketersMedia
Release ID: 195391
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