Global In-Car Wi-Fi Market 2018-2022
About In-Car Wi-Fi
Wi-Fi applications that are in-built or embedded in passenger cars are referred to as in-car Wi-Fi system.
Technavio’s analysts forecast the global in-car wi-fi market to grow at a CAGR of 27.63% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global in-car wi-fi market for 2018-2022. To calculate the market size, the report considers the revenue garnered by the providers of in-car Wi-Fi technology to customers of cars with in-car Wi-Fi technology globally.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global In-Car Wi-Fi Market 2018-2022
Technavio recognizes the following companies as the key players in the global in-car wi-fi market: AUDI, BMW, Daimler Group, FCA, Ford, and General Motors
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is OTA updates for software components. In recent years, the electronic components in cars have increased exponentially. This is due to the increased installation of driver assistance and safety features in automobiles. With the advent of IVI and connected car technology, the complexity has further increased in automobiles. Thus, electronic hardware, software, and applications are the most crucial parts of today's automobile.”
According to the report, one of the major drivers for this market is Wide range of data plans for in-car Wi-Fi to suit individual needs. The telecom network providers have long been in a battle against each other to provide unlimited data plans at the best price. The automotive OEMs seem to have jumped in the race too; General Motors, Ford, and Subaru offer unlimited data plans for in-car Wi-Fi usage.
Further, the report states that one of the major factors hindering the growth of this market is Consumer reluctance to adoption of in-car Wi-Fi. Talking about the in-car Wi-Fi, the question that pops up is, whether the consumers would be willing to pay for the data for in-car Wi-Fi or continue using their smartphone, which can be easily used for making in-car Wi-Fi hotspot. In this case, the same smartphone data can be used for in-car Wi-Fi as well, which implies that the consumer does not need to pay any additional charges for in-car Wi-Fi. In addition, security and privacy concerns among the consumers might be a hurdle for the take-off of in-car Wi-Fi services.
AUDI, BMW, Daimler Group, FCA, Ford, and General Motors
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