The global market for internet-of-cars is estimated to be worth USD 38.9 million in 2016 and it is expected to grow at 32.34% CAGR to USD 157.9 million by 2021, with the revenues for different components of the markets expected to quadruple between 2016 and 2021, in comparison with the current global revenues generated.
Other benefits include remote sensing between cars â€“ the smart automobiles of the future will be able to drive themselves, staying connected through smart networks with adjacent vehicles on the road, sharing information about road safety pooled and accessed through big data, and much more. Transportation would no longer be restricted to manual attention on the road, but can actually be used for productive purposes. Furthermore, transport infrastructure will benefit from an automated and well-organized transport system. Fuel savings will culminate from timely reminder for servicing, taxation and pricing for vehicles. Most easily scalable benefits of connectivity desired by customers include accessing mobile applications without jeopardizing a life on the road, and tethering of mobile phone connections to the car to access the internet while driving.
The ecosystem for such a transportation system will be difficult to instate, but will guarantee efficiency, savings, and high returns. Moreover, an enthusiastic range of smart car vendors, outdoing each other in terms of technologies offered are testing cars of the future. Technology, as well as automobile bigwigs, are pooling in their R&D to make prototypes which have been launched, and others which are slated to be launched soon. Some of the technology players leading the game are Google, Canada-based QNX, Delphi, Cisco, AutoTalks, NVidia, Mobileye, and others.
The added advantage to these new-generation cars fitted to perform almost all connectivity and technological functions without manual intervention is the freedom to use clean/bio-fuel for powering the cars, opening the door to another related and extremely relevant market.
High and increasing demand for connected electrical vehicles for a slew of benefits will drive the connected car market globally.
High cost, issues related to privacy online, security, fear of malfunction & breakdown are the top challenges expected to form the bottlenecks for this market.
- The report gives complete market insights, the driving forces of the market, the challenges it faces, internet-of-car technologies and their applications.
- A complete market breakdown has been done by different geographies to give a detailed picture of the market in that particular region.
- The report also gives information about major vendors of internet-of-car technology, their existing share in the market, strategies they adopt along with the major products, financials, recent developments and profile of these vendors.
Who should be interested in this report?
- Vendors who are into manufacturing of these products as they can get an overview of what competitors are doing and also which markets they can look forward to expanding their operations.
- Investors who are willing to invest in this market.
- Consultants who can have readymade analysis to guide their clients.
- Anyone who wants to know about this industry.
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1.1 Key Findings
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Market Overview
3.2 Factors Driving the Market
3.2.1 Digital Demands
3.2.3 Big Data Solutions
3.2.4 Growing Sensors Market
3.3 Factors Restraining the Market
3.3.1 Time to Build
3.3.2 Safety Laws
3.3.4 Lack of Interoperability
3.3.5 Lack of Skilled Sales Personnel
3.4 Current Opportunities in Market
3.5 Industry Policies
4. Market Segmentation
4.1 By Product & Services
4.1.1 Wireless & Cellular Modules
4.1.4 Fleet Manager
4.1.5 OEM Services
4.1.6 Aftermarket Services
5. Technology Overview
5.1 Technology Snapshot
5.2 Upcoming Technologies
6. Internet-of-Cars Market by Regions - Forecasts (2016 - 2021)
6.1 North America
6.1.2 Market Forecast and Analysis
6.1.3 Analyst View
6.2.2 Market Forecast and Analysis
6.2.3 Analyst View
6.3.2 Market Forecast and Analysis
6.3.3 Analyst View
6.4 Rest of the World
6.4.2 Market Forecast and Analysis
6.4.3 Analyst View
7. Competitive Intelligence - Key Vendor Analysis
7.1.4 Recent Developments
7.2.4 Recent Developments
7.3.4 Recent Developments
7.4.4 Recent Developments
7.5.4 Recent Developments
7.6.4 Recent Developments
7.7.4 Recent Developments
7.8 Tesla Motors
7.8.4 Recent Development
8. Future of Internet-of-Cars Market