Connected Cars Will Form a Major Element of the Internet of Things. By 2020, there will be 250 million connected vehicles on the road, enabling new in-vehicle services and automated driving capabilities. The percentage of vehicles equipped with this technology is going to rise exponentially in the next five years, making connected cars a major element of the Internet of Things (IoT). The connected car is already a reality. The in-vehicle connectivity is rapidly expanding from luxury models to high-volume midmarket models. The increased consumption and creation of digital content within the vehicle will drive the need for more sophisticated infotainment systems, creating opportunities for application processors, graphics accelerators, displays and human-machine interface technologies. At the same time, new concepts of mobility and vehicle usage will lead to new business models and expansion of alternatives to car ownership, especially in urban environments. The spread of vehicle connectivity will have consequences across the major functional areas of telematics, automated driving, infotainment and mobility services.
Maximize Market Research has comprehensively analysed Global IoT Market in Connected Cars. The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, market giants as well as niche players is studied and analysed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent Market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole IoT Ecosystem with utmost ease and clarity.
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