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(Hosting-NewsWire.com, April 15, 2018 ) The OEM segment of the global connected car market has many vendors. The aftermarket segment of the market has intense competition, which is expected to intensify during the forecast period as a result of product extensions and technological innovations. Many international players are expected to grow organically during the forecast period by expanding customer base and creating differentiated product through partnership with technology companies.
Publisher's analysts forecast the global connected car market to grow at a CAGR of 32.26% during the period 2016-2020.
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The increasing demand for smartphone integration will drive the growth prospects for the global connected car market until the end of 2020. The evolution of the trend of connectivity in vehicles allows the consumers to connect their smartphones and tablets to the vehicle's infotainment systems and access enhanced entertainment and information. For instance, Apple's car integration Carplay and Android Auto are used widely by the automobile original equipment manufacturer (OEMs) in their infotainment system to allow drivers to connect their smartphones to the car hardware.
Key vendors -Alpine Electronics -BMW -Delphi Automotive -Ford Motor -NXP Semiconductors
Other prominent vendors -Audi -Bosch -Continental -Google -Mercedes-Benz
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Market driver -Automotive OEM push for embedded connectivity in BRIC nations to drive revenue growth.
Market challenge -Potential security breach may impact technology adoption.
Market trend -Shared data plans to reduce the number of data subscriptions per user.
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/global-connected-car-market-2016-2020
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