The report has the following key findings: By the end of 2016, SNS 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 end-to-end connected car platforms directly to automotive OEMs and aftermarket suppliers.
The report provides answers to the following key questions: How big is the connected car opportunity? What trends, challenges and barriers are influencing its growth? How is the ecosystem evolving by segment and region? What will the market size be in 2020 and at what rate will it grow? Which countries and submarkets will see the highest percentage of growth? Who are the key market players and what are their strategies? How will connected cars drive investments in Big Data, cloud computing, analytics and other technologies? What are the growth prospects of embedded, tethered and integrated connectivity options? How do government mandates and initiatives impact the adoption of embedded connectivity? What are the future prospects of self-driving cars and cooperative V2X applications? Do LTE and 5G technologies pose a threat to the 802.11p standard for V2X communications? What strategies should automotive OEMs, mobile operators and connected car platform specialists adopt to remain competitive?
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