Global Connected Car Industry Roadmap and Value Chain 2016 – 2030 July 2016 | Page 2

The Connected Car Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies & Forecasts By the end of 2016, Research estimates that connected car services will account for $14 Billion in annual revenue, driven by a host of applications. The market is further expected to grow at a CAGR of 31% between 2016 and 2020. Although the market is presently dominated by infotainment and telematics, connected driver assistance systems and autonomous driving applications will witness the highest growth rate over the next four years. Multiple automotive OEMs are beginning to integrate in-vehicle payment capabilities with their connected car platforms to make it possible for drivers to pay for services such as fuel, parking, food and tolling, without having to leave their vehicles. The connected car ecosystem continues to consolidate, with larger players investing in acquisitions to increase their market share, technical capabilities, revenue and geographic reach. For example, semiconductor giant Intel has made a spate of acquisitions including Altera, Yogitech, Arynga and Itseez, to bolster its IoT and connected car capabilities. Many mobile operators have expanded beyond their traditional role as connectivity providers, to offer endto-end connected car platforms directly to automotive OEMs and aftermarket suppliers. Access Complete Report at http://www.reportsnreports.com/reports/637579-the-connected-carecosystem-2016-2030-opportunities-challenges-strategies-forecasts.html. Order this report by calling [phone] or Send an email to [email protected] with your contact details and questions if any. © ReportsnReports.com / Contact [email protected] 2