TMCnet News
Global Connected Car Market to Witness 27% CAGR During 2015 - 2020: P&S Market ResearchNEW YORK, February 1, 2016 /PRNewswire/ -- 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. (Logo: http://photos.prnewswire.com/prnh/20150727/756778 ) Explore Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/connected-car-market 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. Ask for Sample Pages: https://www.psmarketresearch.com/market-analysis/connected-car-market/report-sample 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 ofuninterrupted & 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 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. Browse Related Research at: https://www.psmarketresearch.com/industry-report/automotive-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. GLOBAL CONNECTED CAR MARKET SEGMENTATION By Products & Services
By Connectivity Solution
By Technology Type
By Application
By Geography
Browse Upcoming Reports Automotive Rain Sensor Market - https://www.psmarketresearch.com/market-analysis/automotive-rain-sensor-market Tyre Pressure Monitoring Systems Market - https://www.psmarketresearch.com/market-analysis/tyre-pressure-monitoring-systems-market Automotive Anti-lock Braking System Market - https://www.psmarketresearch.com/market-analysis/automotive-anti-lock-braking-system-market About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals. As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions. Contact: SOURCE P&S Market Research Pvt Ltd 
|