Connected car market forecast to reach $180.30 billion by 2022 “The global connected car market is expected to grow at a CAGR of 28% From 2012 To 2022. Surging consumer demand, constant need for connectivity, increased dependency on technology and the growing number of tech-savvy people are some of the factors expected to boost global connected car market growth” The global connected car market size is expected to reach USD 180.30 billion by 2022, according to a new study by Grand View Research, Inc. Surging consumer demand, constant need for connectivity, increased dependency on technology and the growing number of tech-savvy people are some of the factors expected to boost global connected car market growth. Connected cars offer connectivity on wheels providing comfort, performance along with safety and security. Such an advanced technology enables the driver and passengers to connect with various online platforms that facilitate real-time communication on the go. Follow Us: Detailed Research Report available at: http://www.grandviewresearch.com/industry-analysis/connected-car-market The connected car market has the potential to significantly boost revenues of automobile manufacturers over the next five to seven years. Car manufacturers are expected to deliver the right mix of application and product packages for the right customers, and must systematically invest in R&D if they are willing to maintain their technological leadership. Increasing regulations by governments and transportation authorities for the installation of advanced safety and vehicle to vehicle communications systems are expected to positively impact industry growth. Further key findings from the report suggest: Safety applications dominated the global connected car industry, accounting for over 34% of the share in 2014. The inclusion of safety technologies such as danger warning systems, automatic emergency calling, blind spot alerts, anticollision systems that prevent accidents in automobiles has made modern cars safer and accident-proof. This is expected to result in an overall reduction in road mishaps and accidents thus reducing the overall on road fatalities. Growing at a CAGR of over 31% from 2015 to 2022, driver assistance systems are expected to gain prominence over the forecast period. Recent advancements in driver assistances systems such as Volkswagen’s Emergency Assist, that automatically applies the brakes and stops a car in case of an emergency and BMW’s autonomous parking valet, that automatically parks a car even after the passenger’s exit have set benchmarks for driver assistance systems in the connected vehicle industry. Follow Us: Asia Pacific is expected to grow at a CAGR of over 29% over the forecast period due to considerable automobile demand in the region coupled with a relatively untapped market for sophisticated automotive communications in the region. Countries such as China and India are expected to drive the industry growth during the next seven years. Automobile manufacturers and technology giants across the world are striving hard to provide advanced vehicle management and safety technologies in the budget car segment as well. Regulation by the European department of transportation in association with the governments have mandated the installation of eCall emergence calling systems and other advanced telematics systems for safety purposes in all new vehicles manufactured after the year 2014. Technological and product innovations have driven the highly dynamic market. Industry participants include major automobile manufacturers and telecommunication giants such as Audi AG, Alcatel Lucent, Apple Inc, BMW, Ford Motors, and Google Inc. Manufacturers resort to mergers, acquisitions and strategic alliances with technological and network service providers as their key growth strategy to make their presence felt in the industry. Read our blog on technology industry: http://www.grandviewresearch.com/blogs/technology Table of content of global connected car market research report: Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption Follow Us: 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Connected car - Industry snapshot and key buying criteria, 2012 2022 Chapter 3. Connected Car Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. Connected car value chain analysis 3.3.1. Vendor landscape 3.4. Connected car – Technology roadmap 3.5. Connected car market dynamics 3.5.1. Market driver analysis 3.5.1.1. Technological proliferation 3.5.1.2. Rising disposable incomes 3.5.1.3. Government regulations 3.5.2. Market restraint analysis 3.5.2.1. Issues pertaining to privacy and security of the users Follow Us: 3.5.2.2. Unavailability of seamless connectivity 3.6. Key opportunities prioritized 3.7. Industry analysis - Porter's 3.8. Connected car - Key competitor analysis, 2014 3.9. Connected car market PESTEL analysis, 2014 Chapter 4. Connected Car Application Outlook 4.1. Vehicle management 4.1.1. Global market estimates and forecasts, 2012 - 2022 4.2. Driver assistance 4.2.1. Global market estimates and forecasts, 2012 - 2022 4.3. Mobility management 4.3.1. Global market estimates and forecasts, 2012 - 2022 4.4. Safety 4.4.1. Global market estimates and forecasts, 2012 - 2022 4.5. Entertainment 4.5.1. Global market estimates and forecasts, 2012 - 2022 4.6. Others Follow Us: 4.6.1. Global market estimates and forecasts, 2012 - 2022 Chapter 5. Connected Car Regional Outlook 5.1. North America 5.1.1. Connected car market by application, 2012 - 2022 5.2. Europe 5.2.1. Connected car market by application, 2012 - 2022 5.3. Asia Pacific 5.3.1. Connected car market by application, 2012 - 2022 5.4. RoW 5.4.1. Connected car market by application, 2012 - 2022 Chapter 6. Competitive Landscape 6.1. Alcatel-Lucent 6.1.1. Company Overview 6.1.2. Financial Performance 6.1.3. Product Benchmarking 6.1.4. Strategic Initiatives 6.2. Apple Inc. Follow Us: 6.2.1. Company Overview 6.2.2. Financial Performance 6.2.3. Product Benchmarking 6.2.4. Strategic Initiatives 6.3. AT&T Inc. 6.3.1. Company Overview 6.3.2. Financial Performance 6.3.3. Product Benchmarking 6.3.4. Strategic Initiatives 6.4. Audi AG 6.4.1. Company Overview 6.4.2. Financial Performance 6.4.3. Product Benchmarking 6.4.4. Strategic Initiatives 6.5. BMW 6.5.1. Company Overview 6.5.2. Financial Performance Follow Us: 6.5.3. Product Benchmarking 6.5.4. Strategic Initiatives 6.6. Delphi Automotive 6.6.1. Company Overview 6.6.2. Financial Performance 6.6.3. Product Benchmarking 6.6.4. Strategic Initiatives 6.7. Ford Motor 6.7.1. Company Overview 6.7.2. Financial Performance 6.7.3. Product Benchmarking 6.7.4. Strategic Initiatives 6.8. General Motors Company 6.8.1. Company Overview 6.8.2. Financial Performance 6.8.3. Product Benchmarking 6.8.4. Strategic Initiatives Follow Us: 6.9. Google Inc. 6.9.1. Company Overview 6.9.2. Financial Performance 6.9.3. Product Benchmarking 6.9.4. Strategic Initiatives 6.10. NXP Semiconductors N.V. 6.10.1. Company Overview 6.10.2. Financial Performance 6.10.3. Product Benchmarking 6.10.4. Strategic Initiatives Follow Us: About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: [email protected] Web – http://www.grandviewresearch.com/ Follow Us:
The global connected car market size is expected to reach USD 180.30 billion by 2022, according to a new study by Grand View Research, Inc. Surging consumer demand, constant need for connectivity, increased dependency on technology and the growing number of tech-savvy people are some of the factors expected to boost global connected car market growth. Click here - www.grandviewresearch.com/industry-analysis/connected-car-market
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