The connected car market will grow rapidly to be worth USD284 billion by 2024
Already a large element of the M2M market, the connected car presents even greater potential to create value for car makers, mobile and other network operators, software developers and systems integrators. Inherently mobile, there are lots of opportunities to fulfill the needs of multiple stakeholders in the market, including automotive OEMs, aftermarket device manufacturers and service providers, traffic planners and city authorities, drivers and passengers. Along the way there is scope to make car use more efficient, safer and more enjoyable, and to enable new business models such as car-sharing and even ‘car-as-a-service’.
This Research Note provides an overview of our forecasts and analysis of the connected car market. More detailed coverage of each application is available through the relevant Application Spotlights. Detailed country-by-country forecasts, including connections, technology splits, traffic and revenue for this (and all other) M2M application are available in our M2M Forecast Database.
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