Connected Cars Market Size, Share, Growth, Analysis and Forecast To 2022: Hexa Research
Issues related to safety and security, such as unauthorized access to multiple automobile applications, can be a restraint for the connected cars market. In addition, unavailability of seamless internet connectivity across areas or regions may create a challenge to connected cars market growth.
Issues related to safety and security, such as unauthorized access to multiple automobile applications, can be a restraint for the connected cars market. In addition, unavailability of seamless internet connectivity across areas or regions may create a challenge to connected cars market growth.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Hexa</strong> <strong>Research</strong><br />
Fact-based market research, penetrating industry insights <strong>and</strong> validated<br />
forecasts to help you make better decisions for a stronger future<br />
Global <strong>Connected</strong> <strong>Cars</strong> <strong>Market</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, Trends <strong>and</strong><br />
<strong>Forecast</strong> to <strong>2022</strong>: <strong>Hexa</strong> <strong>Research</strong><br />
The size of the global connected cars market was estimated at over USD 24 billion in 2014 <strong>and</strong><br />
is expected to grow at a CAGR of approximately 28% in the forecast period.<br />
Technological proliferation across regions is expected to drive the global market for the next<br />
seven years. There have been major advances in telecommunication technology in the past few<br />
years. These advances have offered the population with a new level of connectedness. With the<br />
development of connected cars concept, infotainment technology <strong>and</strong> vehicle telematics have<br />
progressed to offer navigation tools, varied applications, HD touch screens, as well as high<br />
speed internet on-the-go.<br />
The industry is likely to get a major push from the governments across the countries. The U.S.<br />
Department of Transportation, in association with the National Highway Traffic Safety<br />
Administration, has announced plans for a regulatory proposal that would make it obligatory for<br />
Contact: +1-800-489-3075<br />
Email : sales@hexaresearch.com<br />
Website: http://www.hexaresearch.com/
<strong>Hexa</strong> <strong>Research</strong><br />
Fact-based market research, penetrating industry insights <strong>and</strong> validated<br />
forecasts to help you make better decisions for a stronger future<br />
automobile manufacturers to install the vehicle-to-vehicle communication devices in every<br />
automobile they manufacture in the coming years.<br />
Issues related to safety <strong>and</strong> security, such as unauthorized access to multiple automobile<br />
applications, can be a restraint for the connected cars market. In addition, unavailability of<br />
seamless internet connectivity across areas or regions may create a challenge to connected<br />
cars market growth.<br />
Browse Detail Report with TOC @<br />
http://www.hexaresearch.com/research-report/connected-cars-market/<br />
Application Overview<br />
Driver assistance includes a lot of advanced technologies that help enhance the actual vehicle<br />
performance. Systems, such as parking assists <strong>and</strong> cruise control, that autonomously steer the<br />
vehicle, are being introduced across all cars segments ensuring driver convenience <strong>and</strong><br />
comfort.<br />
Mobility management involves systems that allow drivers to reach their destination safely in the<br />
least possible time, at reasonable cost as well as with optimal fuel consumption.<br />
Safety technologies include external threat warning for drivers regarding severe road <strong>and</strong><br />
weather conditions along with the vehicle’s internal autonomous collision protection &<br />
emergency functions. The Safety Systems segment accounted for over 35% of the revenue<br />
share in the year 2014 <strong>and</strong> is expected for growth owing to increasing government <strong>and</strong> transport<br />
authority m<strong>and</strong>ates across the globe in the coming years.<br />
Entertainment has been a basic need in almost all vehicles since its introduction. Automobile<br />
manufacturers are increasingly installing various features such as Smartphone interfaces,<br />
Internet <strong>and</strong> social media access, along with all advanced mobile office platforms.<br />
Contact: +1-800-489-3075<br />
Email : sales@hexaresearch.com<br />
Website: http://www.hexaresearch.com/
<strong>Hexa</strong> <strong>Research</strong><br />
Fact-based market research, penetrating industry insights <strong>and</strong> validated<br />
forecasts to help you make better decisions for a stronger future<br />
Vehicle management systems execute a number of functions that allow automobile owners to<br />
reduce running costs <strong>and</strong> increase ease of maintenance <strong>and</strong> use, such as keyless ignition <strong>and</strong><br />
unlocking, onboard details about vehicle conditions <strong>and</strong> service scheduling & updates etc.<br />
Regional Overview<br />
Presence of major technology providers <strong>and</strong> automobile manufacturers has led North America<br />
to dominate the industry. With the entry of technological giants, such as Google Inc., into the<br />
autonomous <strong>and</strong> connected cars sector, automobile manufacturers are enforced to come up<br />
with innovative cultural changes <strong>and</strong> capabilities, in order to compete with them.<br />
Asia-Pacific connected cars market accounted for over 23% of the global share in 2014 <strong>and</strong> is<br />
expected to grow at a CAGR of approximately 29% from 2015 to <strong>2022</strong>. Increasing use of highspeed<br />
internet services, Smartphone penetration, <strong>and</strong> declining average selling price in the<br />
region are expected to drive the sales for such smart vehicles.<br />
Increasing government regulations across the world are projected to positively impact the global<br />
connected cars market. M<strong>and</strong>ates such as the Stolen Vehicle Tracker (SVT) in Brazil,<br />
GLONASS in Russia, <strong>and</strong> the eCall System in the European Union, require the installation of<br />
superior telematics systems, for safety purposes, in all new vehicles in the European Union from<br />
2015 <strong>and</strong> in other countries from 2016.<br />
Request a Sample copy of This Report @ http://www.hexaresearch.com/sample/312<br />
Competitive <strong>Market</strong> <strong>Share</strong> Overview<br />
Apple Inc., Google Inc., Alcatel Lucent, Audi AG, BMW, AT&T Inc., General Motors Company,<br />
<strong>and</strong> Ford Motor are some of the major manufacturers. This highly competitive industry is driven<br />
by product <strong>and</strong> technological innovations.<br />
New technologies in driver assistance systems, such as Volkswagen’s Emergency Assist which<br />
stops the vehicle in case of an emergency <strong>and</strong> BMW’s autonomous parking valet that<br />
Contact: +1-800-489-3075<br />
Email : sales@hexaresearch.com<br />
Website: http://www.hexaresearch.com/
<strong>Hexa</strong> <strong>Research</strong><br />
Fact-based market research, penetrating industry insights <strong>and</strong> validated<br />
forecasts to help you make better decisions for a stronger future<br />
automatically parks the cars, are likely to provide these manufactures a competitive advantage<br />
over many other industry players.<br />
Technology licensing <strong>and</strong> backward integration are expected to be commonly accepted<br />
strategies by industry players. With the high production capabilities, it becomes profitable <strong>and</strong><br />
easier for the manufacturers to execute backward integration <strong>and</strong> create their own connected<br />
vehicle applications <strong>and</strong> devices.<br />
Table of Contents<br />
Executive Summary & <strong>Connected</strong> <strong>Cars</strong> industry critical success factors<br />
Industry Outlook<br />
Industry Dynamics<br />
<strong>Connected</strong> <strong>Cars</strong> <strong>Market</strong> drivers<br />
<strong>Connected</strong> <strong>Cars</strong> <strong>Market</strong> restraints<br />
<strong>Connected</strong> <strong>Cars</strong> Key <strong>Market</strong> Opportunities<br />
<strong>Connected</strong> <strong>Cars</strong> Porters <strong>Analysis</strong><br />
<strong>Connected</strong> <strong>Cars</strong> - PESTEL <strong>Analysis</strong><br />
<strong>Connected</strong> <strong>Cars</strong> - Company <strong>Market</strong> <strong>Share</strong> <strong>Analysis</strong><br />
<strong>Connected</strong> <strong>Cars</strong>Application Outlook<br />
<strong>Connected</strong> <strong>Cars</strong> Regional Outlook<br />
<strong>Connected</strong> <strong>Cars</strong> Company profiles<br />
<strong>Research</strong> Methodology<br />
<strong>Research</strong> scope & assumptions<br />
List of data sources<br />
Browse Full Report @ http://www.hexaresearch.com/research-report/connected-carsmarket/<br />
Contact: +1-800-489-3075<br />
Email : sales@hexaresearch.com<br />
Website: http://www.hexaresearch.com/
<strong>Hexa</strong> <strong>Research</strong><br />
Fact-based market research, penetrating industry insights <strong>and</strong> validated<br />
forecasts to help you make better decisions for a stronger future<br />
About Us:<br />
<strong>Hexa</strong> <strong>Research</strong> is a market research <strong>and</strong> consulting organization, offering industry reports,<br />
custom research <strong>and</strong> consulting services to a host of key industries across the globe. We offer<br />
comprehensive business intelligence in the form of industry reports which help our clients obtain<br />
clarity about their business environment <strong>and</strong> enable them to undertake strategic growth<br />
initiatives.<br />
Contact Us:<br />
Ryan Shaw<br />
<strong>Hexa</strong> <strong>Research</strong><br />
Felton Office Plaza<br />
6265 Highway 9<br />
Felton, California 95018<br />
United States<br />
Phone: +1-800-489-3075<br />
Email: sales@hexaresearch.com<br />
Website - http://www.hexaresearch.com/<br />
Contact: +1-800-489-3075<br />
Email : sales@hexaresearch.com<br />
Website: http://www.hexaresearch.com/
Change language