The new analysis now available on ASDReports, indicates that the global Connected Car market will be worth $30.2bn in 2015, as global regulations for safety and security and increased demand for wireless connectivity drive in-vehicle connectivity.
The author of the Connected Car Market 2015-2025 leading Companies Providing Telematics for in Vehicle Safety, Security & Infotainment report commented that “Growth in the Connected Car market is mainly driven by two factors. Firstly, the increased demand for wireless connectivity, demonstrated by the high level of penetration of smartphones and tablets, drives the automotive industry to adjust to new lifestyle consensus and incorporate in-vehicle internet connectivity solutions. Secondly, global regulatory mandates (eCall in EU, GLONASS in Russia, Contran 245 in Brazil) require the usage of telematics for safety purposes and the installation of basic Telematics Control Units (TCU) in all new vehicles in Europe from 2017 and in other countries from 2016 onwards.
These factors offer the opportunity to car manufacturers, aftermarket service providers, and software developers to offer a broad range of new services that could lead to new revenue streams and enhancement of customer loyalty. On the other hand, the cost of telematics solutions and the ability of the Connected Car ecosystem to build viable billing-pricing business models, combined with privacy concerns from the usage of personal data, constitute the major threats to the rapid expansion of the Connected Car.”
The report contains