New York, May 08, 2018: The connected car, which once was a concept and limited to science fiction movies, is a reality today. Cars are extremely well connected these days and with extensive embedded hardware components combined with smart connectivity capabilities use an array of protocols to deliver key electronic, monitoring and diagnostic functions. It is now the hottest market where everybody is trying to be a part of it considering enormous potential the market holds.

    In the next forecasted years, connected cars market will see innovative revenue models and evolution of standardized platforms. This would considerably increase security measures; reduce cost of the connected cars.

    The market revenue is estimated to reach $153.60 billion by 2022,” The connected cars market is growing rapidly with the CAGR of 33% during the period 2015-2022. The market is growing due to increase in safety reasons and need for driver assistance.

    The global connected car applications market is divided into Location Based Applications, Infotainment & HMI, Safety & Security, Convenience, Driver Assistance, and Others. Safety & Security application contributes the most to the applications market. Government initiatives and customers are concerned about overall safety, and accident is the major driving force behind customers adopting cars enabled with connectivity.

    Browse Full Report: https://www.marketresearchengine.com/reportdetails/global-connected-cars-market

    The report provides unique insights into an in-depth analysis of global connected cars market, drivers and restraints as well as growth opportunities. It also contains analysis and forecast revenues, competitive landscape, company profiles and industry trends.

    The global connected car market is a very fragmented market and it is in a growing stage, where many stakeholders of the eco-system are forging strategic collaborations to create connected car solutions.

    The global connected car regions market is divided into North America, Western Europe, Asia-Pacific, Central Eastern Europe (CEE), Middle East & Africa and Latin America. North America has the most matured connected market owing to its extensive infrastructure and the number of companies investing in the market. Western Europe, now, is the second hottest market for connected cars as the government regulations such as mandate of eCall will drive more investments into the market.

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    Table of Contents

    1 INTRODUCTION

    2 Research Methodology

    3 Executive Summary

    4 Premium Insights

    5 Market Overview

    6 Industry Trends

    7 Connected Car Market, By Hardware

    8 Connected Car Market, By Application

    8.1 Introduction
    8.2 Telematics
    8.2.1 Emergency Calling
    8.2.2 Vehicle Diagnosis and Maintenance Notifications
    8.2.3 Driver Behaviour Analysis
    8.2.4 Predictive Maintenance
    8.2.5 Fleet Management
    8.2.6 Forward Hazard Warning
    8.2.7 Curve Speed Warning
    8.2.8 Overtake Vehicle Warning
    8.2.9 Parking Management System
    8.2.10 Dynamic Mobility
    8.2.11 Traffic Control System
    8.2.12 Usage-Based Insurance
    8.3 Infotainment
    8.3.1 GPS Navigation
    8.3.2 Entertainment
    8.4 Combined Telematics & Infotainment

    9 Geographical Analysis

    10 Competitive Landscape

    11 Company Profiles

    11.1 Introduction

    11.2 General Motors Company

    11.3 Google, Inc.

    11.4 Tesla Motors, Inc.

    11.5 Audi AG

    11.6 BMW AG

    11.7 Volvo Car Corporation

    11.8 Delphi Automotive PLC

    11.9 Robert Bosch GmbH

    11.10 Vodafone Group PLC.

    11.11 AT&T, Inc.

    11.12 Denso Corporation

    11.13 Airbiquity, Inc

    11.14 Wirelesscar

    11.15 Alpine Electronics

    11.16 Ford Motor

    11.17 NXP Semiconductors

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    Source: http://www.financeswire.com/connected-cars-market-growth-industry-trends-report-2023