Global Connected Car Market (by Application, Connectivity Solution & Region): Industry Analysis & Outlook (2016-2020)

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Industry Research by Koncept Analytics
Global Connected Car Market (by Application,
Connectivity Solution Region) Industry
Analysis Outlook-------------------------------
---------- (2016-2020)
October 2016
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Executive Summary
Connectivity is the ability to exchange
information by electronic means. A connected
vehicle enables a growing number of features and
services that make the driving experience safer,
more convenient, more compelling, more fun, and
less costly. The features of connected cars
includes emergency and roadside assistance,
navigation and traffic/re-routing services,
stolen vehicle recovery, hands free calling,
Wi-Fi hot spots, infotainment apps, vehicle
performance alerts, and remote vehicle controls.
Connected Car is generally referred to the
component, which consists of both the physical
hardware and the software, which is essential for
internet-based services. The hardware generally
consists of head unit display, human machine
interface (HMI) and a telematics control unit
(TCU). The global connected car market is
expected to see innovation driven growth in the
coming years as the market will experience
technological explosion. The growth of the market
will be supported by demand for safety driving
assistance, which involves systems that allow
drivers to reach their destination safely in the
least possible time, at reasonable cost along
with optimal fuel consumption, thereby shooting
the demand for connected cars. The key factors
driving growth of the connected car market
includes increasing global telematics market,
expansion of fleet management, favorable
government policies, escalating smartphone
shipments and increasing youth population.
However, there are certain factors hindering the
growth of the market like cyber security
concerns, increasing complexity, cost
optimization. The major trends featuring the
market includes rise in the volume of DSRC
technology installations, increasing adoption of
new technologies, increasing demand for
connectivity, rise in e-call systems and many
more trends have been covered in the report.
The report offers an in-depth analysis of the
Global Connected Cars Market. It covers the
regional and global aspect of the market.
Competition is concentrated in the hands of few
top notch companies, of which Apple, ATT Inc.,
Audi and Alcatel Lucent have been covered in the
report.
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Technology is driving the trend of connected cars
and in the coming years, the market adoption of
vastly improved new technology will help unlock
the full potential of the market..
Global Connected Cars Market by Value
(2011-2015)

• The global connected car market reached US..
  billion in 2015, increasing from US.. billion in
  the previous fiscal year. The market grew at a
  CAGR of .. for the period spanning from
  2011-2015.
• The total shipment of connected cars will
  expectedly reach .. million units by 2020,
  increasing from just .. million units in 2016.
  The shipments of these cars will grow at a CAGR
  of for the period spanning 2016-2020.
• Global connected car markets maximum value was
  attained from North America region, accounting
  for .. of the total market value in 2015,
  followed by Europe with .. share in the same
  year.

Global Connected Cars Market by Region (2015)
Global Connected Cars Market Forecast by
Shipment Volume (2016-2020)
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The rising demand for navigation, better
connectivity, Wi-Fi enabled cars would encourage
increased manufacturing of connected cars
Global Connected Cars Market by Application
(2015) )

• The global connected car markets maximum share
  was held by driving assistance segment,
  accounting for .. of total share, followed by
  safety segment with.. of the total share in the
  same year.
• The North American connected cars market value
  was recorded at US.. billion in 2015, increasing
  from US.. billion in 2011. The market grew at a
  CAGR of .. for the period spanning 2011-2015.
• European connected car market value was recorded
  at US.. billion in 2015, increasing from US..
  billion in the previous fiscal year. The market
  grew at a CAGR of .. for the period spanning
  2011-2015.

European Connected Car Market by Value
(2011-2015)
North American Connected Cars Market by Value
(2011-2015)
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