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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