Connected cars a $14 Billion opportunity; Finds New Report

The report indicates that by the end of 2016, connected car services will account for $14 Billion in annual revenue.

The growing proliferation of embedded in-vehicle connectivity and smartphone integration platforms has made connected cars one of the fastest growing segments of the IoT (Internet of Things) market. Keen to establish recurring post-sale service revenue streams, all major automotive OEMs are investing in connected car programs. Other ecosystem players, such as mobile operators and telematics specialists, are also vying to gain a larger share of the opportunity. In fact, 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.

By the end of 2016, Publisher Research estimates that connected car services will account for $14 Billion in annual revenue, driven by a host of applications, including but not limited to infotainment, navigation, fleet management, remote diagnostics, automatic crash notification, enhanced safety, UBI (Usage Based Insurance), traffic management and semi-autonomous driving.

The "Connected Car Ecosystem: 2016 – 2030 – Opportunities, Challenges, Strategies & Forecasts" report presents an in-depth assessment of the connected car ecosystem including OEM connected car programs, enabling technologies, key trends, market drivers, challenges, applications, collaborative initiatives, regulatory landscape, standardization, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents market size forecasts for connected car services from 2016 through to 2030. The forecasts are segmented for 3 connectivity models, 5 application categories, 5 regions and 17 leading countries.

The report will be of value to current and future potential investors into the connected car ecosystem, as well as automotive OEMs, mobile operators, connected car platform providers and enabling technology providers who wish to broaden their knowledge of the ecosystem.

Key Findings

The report has the following key findings:

• By the end of 2016, Publisher 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.

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