Press release
Global Connected Car M2M Connections and Services Market Estimated to Reach US$ 186.62 Mn by 2022, due to Increased Customer Demand for Advanced Infotainment Services during the Forecast Period
Connected cars set up real-time communications so that the driver can seamlessly connect with the online platform and get information such as traffic information while driving. This vehicle can provide traffic information, alert you to a crash, and provide other safety alerts. Connected car service promises punctuality by sending a text message notification to a friend or colleague to notify the driver of the perfect time through the calendar and to update the arrival time.Some of the key Players in Global connected car M2M connections and services market are : AUDI AG, Automobili Lamborghini S.p.A., Bell Canada, BMW AG, B.T., China Mobile Limited, Daimler AG, Datora Telecom, Deutsche Telecom AG, EE Limited, Ericsson AB, FCA US LLC, Gemalto NV, General Motors, Hyundai Motor Company, Mahindra & Mahindra Ltd., Sierra Wireless, Inc., Toyota Motor Corporation, Verizon Telematics Inc., Volkswagen amongst others.
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Connected cars are capable of optimizing their own operations and maintenance processes and also handling the convenience & comfort of passengers using inbuilt sensors. The car can communicate through various ways to other devices such as vehicle-to-vehicle (V2V), Vehicle-to-infrastructure (V2I), vehicle-to-pedestrian/phone (V2P) or vehicle-to-everything (V2X) for providing information like platooning or changing lights when there are no other cars at the same time. Internet access is obtained usually by connecting to a local area network (LAN). Increased consumer demand for connectivity in vehicles enables the customers to connect their cell phones and tablets to the vehicle's infotainment systems and access upgraded entertainment and information, which is expected to accelerate the growth of global connected car m2m connections and services market during the forecast period.
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Among service type, in-vehicle service segment is accounted to hold the largest market share as it has the potential to improve the way industry operates. M2M empowers supply chain productivity through asset coordination and improved management in the road freight sector. Moreover, it also enables the visibility of inventory movements along the supply chain, information to proactively manage driver behavior, vehicle speeds, loading, engine performance and fuel consumption as well as the improved management of regulatory and compliance obligations.
Connected Car M2M Connections and Services Market – By Applications:
- Share Car Management Applications
- Insurance Applications
- Navigation Applications
- Entertainment and Web Access Applications
- Emergency Service Applications
- Security Tracking Applications
- Vehicle Platform Applications
Market By Service Type:
- Telematics Services
- Infotainment Services
- In Vehicle Services
Connected Car M2M Connections and Services Market - By Usage:
- OEM Market
- Aftermarket
The main points which are answered and covered in this Report are-
What will be the total market size in the coming years till 2026?
What will be the key factors which will be overall affecting the market?
What are the various challenges addressed?
Which are the major companies included?
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