Advances in Embedded Telematics Will Significantly Augment the Connected Car M2M Services Market in the UK Until 2020, Says Technavio

LONDON--()--According to the latest research study released by Technavio, the connected car M2M services market in the UK is expected to reach a CAGR of more than 32% until 2020.

This research report titled ‘Connected Car M2M Services Market in the UK 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various application segments, including safety and driving assistance, connectivity, navigation services, infotainment services, and diagnostic and maintenance.

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“The integrated telematics penetration is increasing YoY in the UK. This penetration is growing due to the growing demand for the smartphones and the regulations for the safety aspects. Basic delivery of the safety features of the vehicles in the growing technology era doesn’t fetch any competitive edge. A premium level of telematics solutions that includes navigation, infotainment, and vehicle to vehicle communication is profoundly needed to satisfy the growing customer requirements,” said Rakesh Panda, one of Technavio’s lead analysts for connected devices research.

“Next decade telematics industry will be driven by the two forces, wireless connectivity demand by the car occupants and the need of the auto manufacturers to connect to the digital car services wirelessly,” added Rakesh.

Connected car M2M services market in the UK by application

  • Safety and driving assistance 65%
  • Connectivity 21%
  • Navigation services 6%
  • Infotainment services 4%
  • Diagnostic and maintenance 4%

Source: Technavio research

Safety and driving assistance

The connected car M2M services market in the UK by safety and driving assistance was valued at USD 1.37 billion in 2015. The safety and security aspect is of paramount importance for both customers and automakers. Some of the safety and security features include the ability to contact emergency services, receive vehicle diagnostics and directions, and track stolen vehicles.

Connected cars are rapidly advancing to provide more secured services. One of the major concerns for car buyers is the possibility of a hacker gaining access to a cloud connected vehicle to steal personal content. Therefore, connected car networks need to be protected from external and internal attacks.

Connectivity

The connected car M2M services market in the UK by connectivity was valued at USD 441 million in 2015. The connectivity segment includes equipping cars with hardware that offers direct access to the Internet, which drives the functions of a connected car. Embedded telematics, wherein the modem and the subscriber identity module (SIM) card are directly installed into the car, is developed by OEMs. The service fees are imposed for the provision of Wi-Fi hotspot in the car. Devices such as tablets and smartphones can be connected to the Internet through this hotspot. Connected cars offer revenue potential to operators as they depend on cellular connectivity to function.

Navigation services

The connected car M2M services market in the UK by navigation services application was valued at USD 126 million in 2015. The filtration segment is projected to grow steadily during the forecast period owing to the increasing demand for clean water.

Cartridge filtration is an emerging technology that is suitable for removing microbes and turbidity. These systems are not only easy to operate but are also easy to maintain. They can be easily fouled and must be replaced with new units, which turns out to be a major challenge. It is necessary to add a disinfectant to prevent surface fouling in these systems.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

According to the latest research study released by Technavio, the connected car M2M services market in the UK is expected to reach a CAGR of more than 32% until 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com