The Connected Car Market Will Generate Revenues of $30.4Bn in 2016, According to a New Study on ASDReports

Wednesday 27 January 2016, Amsterdam

The report, now available on ASDReports, The connected car is driven by two main factors. Firstly, the benefits of the connected car as a concept are becoming increasingly obvious. Car manufacturers have identified that high-quality connectivity, infotainment and telematics are in highly demand by drivers. As a result, car manufacturers are investing heavily into these areas as an attempt to gain additional market share. Indeed, the latest innovations within the connected car space have the potential to considerably improve the driving experience.

Secondly, regulatory mandates are directly boosting the introduction of telematics in newly manufactured vehicles. Regulatory mandates such as eCall in the EU and ERA Glonass in Russia require the installation of basic Telematics Control Units (TCU) in order to speed up emergency responses in case of an accident. Furthermore, OEMs will find the implementation of additional connected car functionalities a lot more sensible and cost-effective with these new regulatory mandates in place.

The visiongain author of the 264 page Connected Car Market Report 2016-2026: Top Automotive OEMs & Other Companies Providing Telematics for Tethered, Embedded & Integrated Solutions report commented that:

“These are exciting times for the car industry, as it undergoes one of its most significant transformations, easily comparable to the commercialisation of the first vehicle in the early late 1800s or the beginning of mass market production in the early 1900s. Connecting a private vehicle with the Internet enables a wide range of functionalities that will irreversibly change the way we perceive cars.”

The connected car market has shown high growth rates overall. However, the connected car market consists of several key players, including OEMs, software developers, aftermarket solutions and Mobile Network Operators (MNOs). It will be critical to see how a Comprehensive ecosystem can be developed over the next few years.

Visiongain assesses that embedded (or built-in) solutions will remain more popular than alternative solutions (brought-in) because of several factors. Firstly, OEMs favour built-in solutions and they will push for their popularisation. Secondly, built-in solutions reduce driver distractions and can integrate with the vehicle’s on-board screens, often resulting in a better driving experience. And lastly, built-in solutions will become more cost-effective as regulatory mandates such as eCall take place.

The latest visiongain report on the connected car aims to provide clarity on the fragmented connected car market by identifying the key players, trends and developments with a mix of both primary and secondary information.

The report includes:

• Global connected car forecasts by geographical region and by submarket between the period 2016-2026
• Connected car forecasts for the following countries between 2016-2026: US, Canada, Mexico, Brazil, Germany, Italy, France, UK, Russia, India, China, Japan, South Korea
• Connected car submarket forecasts for 2016-2026, for Embedded, Integrated and Tethered solutions
• Connected car revenue forecasts for 2016-2026, broken up into the following submarkets: OEMs, Aftermarket and Connectivity
• Global smartphone and tablet shipment forecasts for 2016-2026
• Global connected car shipments forecasts for 2016-2026
• Oil price forecasts for 2016-2026
• Comprehensive SWOT analysis for the connected car market divided by specific submarkets
• 5 exclusive  interviews with key players in the connected car industry, providing invaluable insight into the latest trends and innovation, growth rates and competitor analysis
• 223 tables, charts and graphs illustrating the prospects for the connected car market
• Extensive analysis of 40 key companies in the industry, providing a current overview of the companies as well as a deep insight into their future outlook

Connected Car Market Report 2016-2026: Top Automotive OEMs & Other Companies Providing Telematics for Tethered, Embedded & Integrated Solutions report will be of value to current and future potential investors into the automotive industry, as well as companies and research centres who wish to broaden their knowledge of the connected car market.