Consumers' interest in high-tech vehicles is growing due to promotional activities conducted to spread the awareness of connected cars in Middle East, Latin America and Africa.
Government initiative pertaining to value added services are becoming integral part of the connected cars market in this region. LAMEA is expected to adopt connectivity services owing to growing disposable income among people within the region and growing technological awareness among the masses. The road safety technology implemented in vehicles is at a mature stage, limiting further modifications.
Integrated, Embedded and Tethered are different connectivity solutions used to transform a car into a connected car. Connected Car finds its major application in navigation, telematics and infotainment. Navigation application segment would dominate the LAMEA connected car market, with a market share of approximately 54.5% in 2015. Automotive manufacturing companies in collaborations with Internet security providers are emphasizing on digital connectivity and security related to the connected car.
The market for connected car market is further segmented based on products & services into sensors, processors, fleet managers, wireless & cellular modules, OEM services and aftermarket services.
The report covers the analysis of key stake holders of the connected car market.
Key companies profiled in the report include
- Telefonica, S.A.
- Verizon Communications, Inc.
- Harman International Industries, Incorporated
- TomTom NV
- Vodafone Group Plc
- Ford Motor Company
- Bayerische Motoren Werke AG
- AUDI AG
- Daimler AG
For more information visit http://www.researchandmarkets.com/research/qdph5r/lamea_connected