According to the report analysis, ‘Global Connected Cars Market, By Technology (2G, 3G, 4G, GNSS), By Connectivity (Embedded, Integrated, Tethered), By Applications (Location Based, Infotainment & HMI, Safety & Security, Convenience, Driver Assistance), By Regions – Trends & Forecast: 2015-2020’ states that the global connected car market is predicted to reach 153.6 billion by 2020. However, this report also recommends that in the market of connected cars there are several key players across the globe which are presently functioning in this sector more actively for leading the fastest market growth and dominating the foremost value of market share globally throughout the short span of time while studying the government regulations, ensuring the security concerns, cost concerns and emerging the domain for the cloud providers includes General Motors, Ford Motor Company, Delphi Automotive PLC, NXP Semiconductors, Daimler AG, Continental AG, Garmin International, Apple Inc., Google Inc., International Business Machines Corporation, AT&T Inc., Intel Coproration, Zubie, Intelligent Mechatronic Systems – IMS, Jasper Technologies, Inc, Mojio, Autonet Mobile and several others.
However, the connected car simplifies the connectivity on wheels proposing the comfort, opportuneness, presentation, safety, and security along with the commanding network technology. This allows the driver to associate with the online platforms, thereby simplifying the real-time communication. The significant increase in the consumer requirement for the connectivity solutions, gush in requirement for the constant connectivity, rise in the dependency on technology, and improvement in the tech-savvy populace are the foremost factors that underwrite toward the growth of the global connected cars market. Over the time, the several connectivity solutions have been improved by car the constructers and service delivers, which involves the machine-to-machine (M2M) connectivity platform. This M2M application in a car allows the interconnectivity among the two connected cars. The car is fortified with the plentiful sensors and processors, which deliver the precise and real-time information to the driver. This in turn fosters the acceptance of the connected cars around the world, thus complementing the growth of the market.
In addition, the significant increase in the trend of connectivity solutions and affluence of the vehicle diagnosis are predicted to boom up the growth of the market. In addition, the significant augment in the requirement of safety & security propel the market growth.
The manufacturer of automobile are muscularly aim on delivering the connectivity solutions in their vehicles to boom up their automobile promotion, due to ever-increasing demand of the connectivity. Additionally, the rise in the preparedness of the customers to stay associated with the external world even while travelling propels the acceptance of the connected cars across the world.
Not only has this, along the support of a smartphone, modem, or connectivity device, an in-car hotspot can be generates to deliver the internet access to all devices within the vehicle. Therefore, increase in the trend of connectivity solutions is fueling the growth of the connected cars market.
Furthermore, it is anticipated that the market of connected cars across the globe will increase more positively over the coming years with the handsome amount of investment by the manufacturers for improving and introducing the specifications and applications of the connected cars.
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Ankur Gupta, Head Marketing & Communications