Connected Car Market 2017-2022: Hardware (Semiconductor Components, and Connectivity ICs- Wi-Fi, Bluetooth & Cellular) & Application (Telematics, Infotainment, and Combined) - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Connected Car Market by Hardware (Semiconductor Components, and Connectivity ICs- Wi-Fi, Bluetooth and Cellular), Application (Telematics, Infotainment, and Combined Telematics & Infotainment), and Geography - Global Forecast to 2022" report to their offering.

The connected car market is expected to grow from 5.1 million units in 2015 to 37.7 million units by 2022, at a CAGR of 35.54% during the forecast period.

Regularity mandates on some connected car modules such as eCall, fleet management, intelligent transportation system (ITS) and usage-based insurance (UBI), and vehicle data updates, which would detect any defect and help manufacturers to recall vehicles in time are expected to drive the growth of the connected car market. However, data security and lack of network coverage is expected to restrict the growth of this market.

The growing usage of complex level data processing for artificial intelligence and self-driving features would help field-programmable gate array (FPGAs) semiconductor components to grow at the fastest rate in the connected car market followed by Wi-Fi connectivity integrated circuits (ICs). The vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity are expected to drive the growth of the connected car market for Wi-Fi connectivity ICs.

Combined telematics and infotainment application has the largest market share among all applications for connected car. The government mandates on telematics application and introduction of cloud-based services for music and other multimedia support such as video, games and internet browsing has led to an increase in the combined telematics and infotainment applications.

Market Dynamics

Drivers

  • Regularity Mandates on Connected Car Modules
  • Growing Demand for Smartphone Features in Cars
  • Vehicle Data Updates Would Detect Any Defect and Help Manufacturers to Recall Vehicles in Time

Restraints

  • Network Coverage Limitation
  • Cybercriminals Could Gain Access to the Customer's Data and Use This Information for Unscrupulous Activities

Opportunities

  • Connected Car is A Stepping Stone for Autonomous Vehicles
  • Insurance Rate Vary as Per Usage
  • Consumer Electronics Providers Could Offer Telematics and Infotainment Equipment at A Cheaper Cost

Challenges

  • Disparity of Product Design Cycle Between Oems, Embedded Solutions of Cars and Smartphones
  • Need to Reduce the Cost of Telematics and Infotainment Equipment and Services

Winning Imperative

  • Creating an Ecosystem Through Cross-Industry Partnerships Between Oems, Technology Companies, and Mobile Network Operators

Companies Mentioned

  • Airbiquity, Inc
  • AT&T, Inc.
  • Audi AG
  • BMW AG
  • Delphi Automotive PLC
  • Denso Corporation
  • General Motors Company
  • Google, Inc.
  • Robert Bosch GmbH
  • Tesla Motors, Inc.
  • Vodafone Group PLC.
  • Volvo Car Corporation
  • WirelessCar

For more information about this report visit http://www.researchandmarkets.com/research/g9stdw/connected_car

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
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Related Topics: Cars, Internet of Things and M2M

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Cars, Internet of Things and M2M