Connected cars are considered to be the future of automobile industry. Connected cars are expected to radically change the driving experience. The emergence of connected cars has enabled the driver to connect with online platforms and facilitates real-time communication on the go with increased comfort, convenience, performance, safety and security. The factors such as growing awareness about road safety and security, rapid technological advances, need for constant connectivity, increased dependency on technology and the growing number of tech savvy people are likely to fuel growth of this market. The global connected car market is anticipated to cross US$ 155 Billion mark by 2022.
Connected Cars Market by Connectivity Form Factor – Among connectivity form factor, embedded solution lead the global connected cars market. Tethered solutions are expected to occupy approximately XX% of the market share by 2022. While, integrated connectivity form factor is likely to capture XX% share of the global connected car market by 2022.
Connected Cars Market by Connectivity Technology – On the basis of connectivity technology, the global connected car market is segmented into 2G, 3G and 4G/LTE. 3G Technology captures maximum share of the market while 4G/LTE technology is gaining popularity due to higher speed associated with it as compared to 3G and 2G. 2G technology is likely to fade out in the next few years.
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Connected Cars Market by Product Categories – Safety applications captured maximum share of the connected cars market in 2015. Driver assistance is the second popular product category for connected cars. Entertainment and Mobility management both captured XX% individual share of the connected cars market in 2015. Well-being segment captured XX% share of the connected cars market in 2015, while vehicle management captured XX% share in the same year.
Connected Cars Market by Geography – Geographically, United States is at the forefront of connected cars market, accounting for lion’s share of the market in 2015. Western Europe is the second leading region for connected cars market in 2015. China is the third largest market for connected cars in 2015 being followed by Japan. While, Brazil and India accounts for XX% and XX% share of the connected cars market respectively in 2015.
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iGATE RESEARCH report titled “Global Connected Cars Market (by Connectivity Form Factor, Connectivity Technology, Product Categories and Geography) and Volume Forecast to 2022” provides a comprehensive assessment of the fast-evolving, high-growth connected car industry.
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Major List of Table
Table 3-1: By Product Categories – Global Connected Cars Market Share (Percent), 2014 – 2015
Table 3-2: By Product Categories – Forecast for Global Connected Cars Market Share (Percent), 2016 – 2022
Table 3-3: By Geography – Global Connected Cars Market Share (Percent), 2014 – 2015
Table 3-4: By Geography – Forecast for Global Connected Cars Market Share (Percent), 2016 – 2022
Table 3-5: By Geography – Connected Cars Volume Share (Percent), 2014 – 2015
Table 3-6: By Geography – Forecast for Connected Cars Volume Share (Percent), 2016 – 2022
Table 8-1: Global – Scenario for Value Shifts in the Auto Industry (Billion US$), 2015, 2020, 2025 and 2030
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