Global Automotive Connected Car Platform Market 2017-2021
About Automotive Connected Car Platform
Connected car is a vehicle that has direct access to Internet. It enables connectivity to all other connected objects like smartphones, traffic lights, and many more. These vehicles are efficient in warning the drivers of upcoming problems on the road or within the vehicle. Additionally, they provide improved comfort and assistance to the drivers. The connected car platform is crucial in enabling connected technologies in vehicles.
Technavio’s analysts forecast the global automotive connected car platform market to grow at a CAGR of 10.94% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive connected car platform market for 2017-2021. To calculate the market size, the report considers revenue from connected car platform.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Connected Car Platform Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive connected car platform market: Cisco Jasper, AT&T, Microsoft, Airbiquity, and Bright Box.
Other Prominent Vendors in the market are: AppDirect, Altran, Harman International, Intelligent Mechatronics Systems (IMS), LG Electronics, NNG, Otonomo, TomTom, QNX, and Qualcomm.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rental companies adopting the connected car platform to attract customers. Connected car technologies are being adopted by the retail customers as well as the rental players. Additionally, emerging markets are witnessing a wider adoption of connected car technologies through rental players.”
According to the report, one driver in the market is automotive OEM push for embedded connectivity in BRIC nations to drive revenue growth. The embedded connectivity market is dominated by developed countries like Europe and the US. The main advantage of embedded connectivity is the reliability of its data due to its 24x7 connected environment. The same is not true for tethered and smartphone integration solutions where the connectivity of the device depends on the user.
Further, the report states that one challenge in the market is cyber security breach issues to negatively impact technology adoption. Automotive telematics applications in in-vehicle information systems use wireless communication systems that are prone to hacking and theft of information. Nowadays, these modern systems offer Internet connectivity combined with real-time updates and information. Hence, the access to such information provides an opening for the breach of information and the threat of malicious software.
Cisco Jasper, AT&T, Microsoft, Airbiquity, Bright Box, AppDirect, Altran, Harman International, Intelligent Mechatronics Systems (IMS), LG Electronics, NNG, Otonomo, TomTom, QNX, and Qualcomm.