Connected Car Market Analysis by P&S Market Research
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GLOBAL INDUSTRY INSIGHT:<br />
Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> <strong>Analysis</strong>, Development and Demand<br />
Forecast to 2020<br />
port
Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> to Witness 27% CAGR during 2015 – 2020<br />
The global connected car market is expected to grow from $25,263.3 million in 2014, and reach<br />
$137,780.8 million <strong>by</strong> 2020, growing at a CAGR of 26.9% during 2015 – 2020. The global<br />
connected car market, comprising sensors, processors, wireless & cellular modules, fleet manager,<br />
OEM services and aftermarket services is driven <strong>by</strong> the availability of fast and advanced<br />
communication & connectivity solution. With the enhancement for safer driving experience fueled<br />
with favorable rules & regulations in different countries would also favors the growth of connected<br />
car market across various geographic regions.<br />
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The adoption of connected car in North America is high owing to the widespread connectivity<br />
solutions and ease in availability of products and services with government regulations for driver<br />
safety. The European region is showing huge market potential for the adoption of connected car.<br />
This growth is highly complimented with the eCall regulations, mandated <strong>by</strong> the European<br />
Parliament for the installation of eCall systems in the cars manufactured from the year 2015. Other<br />
regions such as Asia-Pacific would become the prominent market for connected cars owing to high<br />
growth in automotive market and enhancing connectivity infrastructures.<br />
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The advancement in infotainment systems and increasing connectivity through wireless networks<br />
are the two main factors, which would help enhancing the market growth for connected cars.<br />
Furthermore, rising consumer demands in accordance with growing number of tech savvy people,<br />
increasing dependency on technology related products and enhancing connectivity options, would<br />
also act as growth factors for connected car market. On the other hand, some of the restraints<br />
associated with connected cars are the additional expenses borne <strong>by</strong> the consumer for availing the<br />
connected car service, threat of hackers breaching the security and accessing data or causing<br />
nuisance to the cars system, non-availability of uninterrupted & seamless connectivity and lack of<br />
awareness among consumers in certain regions.<br />
The information and data in the publication “Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> Size, Share,<br />
Development, Growth and Demand Forecast to 2020” represent the research and analysis of<br />
data from various primary and secondary sources. A bottom-up approach has been used to<br />
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Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> to Witness 27% CAGR during 2015 – 2020<br />
calculate the global connected car market <strong>by</strong> geography, product & services, technology,<br />
connectivity solutions and application. P&S <strong>Market</strong> <strong>Research</strong> analysts and consultants interact with<br />
leading companies of the concerned domain to substantiate every value of data presented in this<br />
report. The company bases its primary research on discussions with prominent professionals and<br />
analysts in the industry, which is followed <strong>by</strong> informed and detailed, online and offline research.<br />
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Geographically, North America dominated the global connected car market in 2014; whereas the<br />
Asia-Pacific market is expected to witness the fastest growth of 29.9% CAGR, during the forecast<br />
period. Technology agreements and collaborations are the key strategies adopted <strong>by</strong> the market<br />
players to enhance their market share. For instance, AT&T is working with automotive<br />
manufacturers to provide contextual voice controls, which would help to create a safer driving<br />
experience. TomTom launched the online turn-<strong>by</strong>-turn navigation service for customers, making it<br />
feasible to connect over a network. The introduction of automobiles equipped with advanced<br />
connectivity options is expected to positively impact the growth of the global connected car<br />
market.<br />
The connected car market is consolidating with large number of collaborations taking place. The<br />
collaborations have enhanced the continuous product offerings in order to share the knowledge and<br />
technology at one platform. The key competitors in the global connected car market include<br />
Harman, AT&T Inc., TomTom, Telefonica, Verizon, Ford Motors Co., Mercedes Benz, BMW AG and<br />
Audi AG.<br />
Chapter 1. <strong>Research</strong> Scope & Methodology<br />
1.1 <strong>Market</strong> Definition<br />
1.2 Objectives<br />
1.3 <strong>Market</strong> Scope<br />
1.3.1 <strong>Market</strong> <strong>by</strong> technology<br />
1.3.2 <strong>Market</strong> <strong>by</strong> connectivity solutions<br />
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Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> to Witness 27% CAGR during 2015 – 2020<br />
1.3.3 <strong>Market</strong> <strong>by</strong> products & services<br />
1.3.4 <strong>Market</strong> <strong>by</strong> application<br />
1.3.5 <strong>Market</strong> <strong>by</strong> geography<br />
1.4 <strong>Research</strong> Methodology and Sources<br />
Chapter 2. Executive Summary<br />
2.1 Key Findings<br />
2.2 <strong>Research</strong> Summary<br />
Chapter 3. <strong>Market</strong> Outlook<br />
3.1 Introduction<br />
3.2 Trends in the <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong><br />
3.2.1 Increasing number of agreements<br />
3.3 Opportunities in the <strong>Market</strong><br />
3.3.1 Massive unexplored <strong>Connected</strong> <strong>Car</strong> market across the globe<br />
3.4 Factors Driving the <strong>Market</strong> and its Impact on <strong>Market</strong> Forecast<br />
3.4.1 Increasing connectivity options and availability<br />
3.4.2 Increasing usage of advance diagnostic and maintenance system<br />
3.4.3 Increasing safety and security awareness<br />
3.4.4 Increasing driving experience<br />
3.5 Factors Hindering the <strong>Market</strong> and its Impact on <strong>Market</strong> Forecast<br />
3.5.1 High capital expenditure and maintenance requirement<br />
3.5.2 Privacy and security issues<br />
3.5.3 Non availability of uninterrupted & seamless connectivity<br />
Chapter 4. Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> Size and Forecast (2011 – 2020)<br />
4.1 Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong>, <strong>by</strong> Technology<br />
4.2 Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong>, <strong>by</strong> Connectivity Solutions<br />
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Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> to Witness 27% CAGR during 2015 – 2020<br />
4.3 Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong>, <strong>by</strong> Product and Service<br />
4.4 Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong>, <strong>by</strong> Application<br />
4.5 Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong>, <strong>by</strong> Geography<br />
Chapter 5. Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> <strong>by</strong> Technology<br />
5.1 4G/LTE <strong>Market</strong><br />
5.2 3G <strong>Market</strong><br />
5.3 2G <strong>Market</strong><br />
Chapter 6. Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> <strong>by</strong> Connectivity Solution<br />
6.1 Integrated <strong>Market</strong><br />
6.2 Embedded <strong>Market</strong><br />
6.3 Tethered <strong>Market</strong><br />
Chapter 7. Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> <strong>by</strong> Application<br />
7.1 Navigation <strong>Market</strong><br />
7.2 Telematics <strong>Market</strong><br />
7.3 Infotainment <strong>Market</strong><br />
Chapter 8. Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> <strong>by</strong> Product & Service<br />
8.1 Sensors <strong>Market</strong><br />
8.2 Processors <strong>Market</strong><br />
8.3 Fleet Manager<br />
8.4 Wireless and cellular modules<br />
8.5 OEM Services<br />
8.6 Aftermarket Services<br />
Chapter 9. <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong>, <strong>by</strong> Geography<br />
9.1 North America <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong><br />
9.1.1 North America <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> technology<br />
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Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> to Witness 27% CAGR during 2015 – 2020<br />
9.1.2 North America <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> Connectivity Solutions<br />
9.1.3 North America <strong>Connected</strong> <strong>Car</strong> market, application<br />
9.1.4 North America <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> product & services<br />
9.2 Europe <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong><br />
9.2.1 European <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> technology<br />
9.2.2 European <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> Connectivity Solutions<br />
9.2.3 European <strong>Connected</strong> <strong>Car</strong> market, application<br />
9.2.4 European <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> product & services<br />
9.3 Asia-Pacific <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong><br />
9.3.1 Asia-Pacific <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> technology<br />
9.3.2 Asia-Pacific <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> Connectivity Solutions<br />
9.3.3 Asia-Pacific <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> application<br />
9.3.4 Asia-Pacific <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> product & services<br />
9.4 LAMEA <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong><br />
9.4.1 LAMEA <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> technology<br />
9.4.2 LAMEA <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> Connectivity Solutions<br />
9.4.3 LAMEA <strong>Connected</strong> <strong>Car</strong> market, application<br />
9.4.4 LAMEA <strong>Connected</strong> <strong>Car</strong> market, <strong>by</strong> product & services<br />
Chapter 10. Competitive <strong>Analysis</strong><br />
10.1 Porter's Five Forces of Competitive Position <strong>Analysis</strong><br />
10.1.1 Bargaining power of suppliers<br />
10.1.2 Bargaining power of buyers<br />
10.1.3 Threat of new entrants<br />
10.1.4 Intensity of rivalry<br />
10.1.5 Threat of substitutes<br />
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Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> to Witness 27% CAGR during 2015 – 2020<br />
10.2 Competitive Positioning of Key Players<br />
Chapter 11. Company Profiles and Strategic Developments<br />
11.1 Key Company Profiles<br />
11.1.1 Telefonica, S.A.<br />
11.1.1.1 Business overview<br />
11.1.1.2 Product and service offerings<br />
11.1.2 Verizon Wireless<br />
11.1.2.1 Business overview<br />
11.1.2.2 Product and service offerings<br />
11.1.3 Harman International Industries<br />
11.1.3.1 Business overview<br />
11.1.3.2 Product and service offerings<br />
11.1.4 TomTom<br />
11.1.4.1 Business overview<br />
11.1.4.2 Product and service offerings<br />
11.1.5 AT&T<br />
11.1.5.1 Business overview<br />
11.1.5.2 Product and service offerings<br />
11.1.6 Vodafone Group Plc<br />
11.1.6.1 Business overview<br />
11.1.6.2 Product and service offerings<br />
11.1.7 Ford Motors Co.<br />
11.1.7.1 Business overview<br />
11.1.7.2 Product and service offerings<br />
11.1.8 BMW<br />
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Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong> to Witness 27% CAGR during 2015 – 2020<br />
11.1.8.1 Business overview<br />
11.1.8.2 Product and service offerings<br />
11.1.9 AUDI<br />
11.1.9.1 Business overview<br />
11.1.9.2 Product and service offerings<br />
11.1.10 Mercedes-Benz<br />
11.1.10.1 Business overview<br />
11.1.10.2 Product and service offerings<br />
11.2 Strategic Developments in the Global <strong>Connected</strong> <strong>Car</strong> <strong>Market</strong><br />
11.2.1 Mergers and acquisitions<br />
11.2.2 Product launches<br />
11.2.3 Partnerships/collaborations<br />
Chapter 12. Appendix<br />
12.1 List of Abbreviations<br />
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