ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “Connected Car Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. The report states that the global connected car market will achieve remarkable growth between 2013 and 2019 and rise to US$131.9 billion by 2019, registering a CAGR of nearly 34.7% during the forecast period.
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The report states that the global connected car market is being driven by an emerging trend in the automotive industry of providing internet services in cars to ensure continuous connectivity with the digital world. The market has benefited hugely from technological advancements in mobile technology and wireless networks. Connectivity is rapidly becoming a selling feature in cars for the ever-connected youth of today’s digital world. The report adds that consumer demands and mandates, rising awareness about safety and security in cars and rising demands for automated systems are the chief driving factors for the market.
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The report primarily segments the global connected cars market into connectivity technologies, connectivity solutions, applications of connected cars, and chief regional markets.
Article: http://www.transparencymarketresearch.com/article/connected-car-market.htm
The market segment of connectivity solutions is further segmented into integrated, embedded, and tethered connectivity solutions. The market segment of integrated connectivity solutions held the largest share of the market in 2012 – nearly 50%. This was followed by the demand for tethered and embedded solutions, respectively.
Press Release: http://www.transparencymarketresearch.com/pressrelease/connected-car-market.htm
The application of navigation gathered the largest market share of the global connected car market in 2012. On the geographical front, the regional market of North America led the global market by acquiring more than half of the market in the same year, owing to high penetration of smartphones and technological advancements in the region.
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