Global Internet of Things (IoT) Connected Cars Market is forecasted to reach USD $220 Billion in 2024 at a CAGR rate of 14.8% with 2016 as a base year.

Many experts are saying that connected car is the part of the giant internet of things. The automotive industry has the potential to become an IOT champion among other industries and fuel the IOT cloud services adoption among car owners and walkers alike. A connected smart car comes as a revolutionary way to drive and stay in touch with the world around at the same time. Connected car features divided into several categories, safety, navigation, infotainment, diagnostics and payments.

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Maximize Market Research has undertaken extensive research about the current Global Internet of Things (IoT) Connected Cars Market outlook with respect to its usage in various areas as well as the assuring future of the technology the industry. Innovations to be introduced until 2020 include the full integration of smartphone applications, such as the linkage of the smartphone calendar, displaying it on the car's windshield and automatic address searches in the navigation system for calendar entries. In the longer term, navigation systems will be integrated in the windshield and through augmented reality project digital information, like alerts and traffic information, onto real images from the driver's perspective. Near-term innovations regarding Vehicle Relationship Management (VRM) entail advanced remote services, such as GPS tracking and personalized usage restrictions. Further, maintenance services like over-the-air tune-ups, requiring the collaboration of car dealers, OEMs and service centres, are under development.

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Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global Internet of Things (IoT) Connected Cars Market. The driving forces as well as considerable restraints have been explained in depth. Report segments Global Internet of Things (IoT) Connected Cars Markett by Application, Communication Type, Services, Hardware, Network and Regions, providing the comprehensive analysis of ecosystem of industry, which will be useful to take informed strategic decision to the stakeholders in the industry.

Vehicle to Everything (V2X) is an integral part of IoT technology which has been instrumental in the advent of Connected Car phenomena. V2X is a communication functionality that enables a vehicle to pass the required information to any entity that may affect the vehicle, and vice versa. V2X system may be further subdivided into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Device (V2D) and Vehicle-to-Grid (V2G). Hence it does not require any infrastructure for vehicles to communicate, which is key to assure safety in remote or little developed areas.

Asia Pacific is expected to account for the largest market share, followed by Europe, North America, and RoW. Asia Pacific is anticipated to remain predominant during the forecast period due to various factors, such as increasing connected car devices in passenger cars, and increase in digital services such as cyber security and updates. In terms of growth rate, North America is projected to exhibit the second highest CAGR during the forecast period. The growth in North America is anticipated to be driven by increasing government mandates and growing communication and information technology infrastructure, such as 4G LTE or 5G.

Scope of the Report:

Global Internet of Things (IoT) Connected Cars Market : Telematics, Infotainment

Global Internet of Things (IoT) Connected Cars Market : Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Home (V2H)

Global Internet of Things (IoT) Connected Cars Market : Connected Services, Safety & Security, Autonomous Driving

Global Internet of Things (IoT) Connected Cars Market : Smart Antenna, Display, Electronic Control Unit (ECU), Sensors

Global Internet of Things (IoT) Connected Cars Market : Dedicated Short Range Communication, Cellular Network/Wi-Fi

Global Internet of Things (IoT) Connected Cars Market : North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Key Players:

GOOGLE, INC.
TESLA MOTORS, INC.
AUDI AG
BMW AG
VOLVO CAR CORPORATION
DELPHI AUTOMOTIVE PLC
ROBERT BOSCH GMBH
VODAFONE GROUP PLC.
AT&T, INC.
DENSO CORPORATION
AIRBIQUITY, INC
WIRELESSCAR
ALPINE ELECTRONICS
FORD MOTOR
NXP SEMICONDUCTORS

CASE STUDIES / SUCCESS STORIES

DAIMLER
UBER
VISTEON
AUDI
BMW
FORD
JAGUAR
MERCEDES-BENZ
NISSAN
PORSCHE
RENAULT
ROLLS-ROYCE
SUZUKI
TESLA
VOLKSWAGEN
VOLVO

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