Report: Connected car market to hit $98.42 billion by 2018

Report descrbies trends, drivers and challenges for connected car market.


According to a new market research report, "Connected Car Market," published by MarketsandMarkets, the total market is expected to reach total shipments of 59.86 million units by 2018, growing at an estimated CAGR of 41.2 percent from 2013 to 2018. 

The report includes:

  • 124 market data tables

  • 72 figures
  • 314 pages and an in-depth table of contents on

Early buyers will receive 10 percent customization on this report.

Thanks to the rapid technological advancements in network and mobile technology such as LTE, Wi-Fi, providing Internet in car has caught up as an emerging trend in the automotive industry, the report notes. Connectivity in car is increasingly becoming a must-have feature and key driver to the industry. Consumers’ demands and mandates (both existing and expected) are the prime drivers.

Most of the major economies have already introduced one mandate or the other such as eCall in Europe and GLONASS in Russia. 

The major companies include General Motors (U.S.), BMW (Germany), Ford (U.S.), Audi (Germany), Diamler AG (Germany), Harman International (U.S.), TomTom (The Netherlands), Luxoft (Russia), Sierra Wireless (U.S.), Apple Inc (U.S.), AT&T (U.S.), Alcatel Lucent (U.S.), Verizon (U.S.), and China Mobile (China), Microsoft (U.S.), QNX Software (U.S.), Delphi Automotive (U.S.), and Intel Inc. (U.S.) among others.

This report describes the market trends, drivers, and challenges with respect to the connected car market and forecasts the market to 2018, based on connectivity technology, form factors, products and services, applications, and geography.

North America is the largest geography in terms of connected car unit shipments and market revenue, the report notes. Asia Pacific has been identified as the fastest growing region, with China leading the way. Europe and ROW also sound promising, with Brazil, Germany, and Russia providing impetus to the growth. The report profiles 26 promising players in the connected car market ecosystem.

For information, go to: http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=595

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