Technavio has released its new market research report, connected car M2M connections and services market in APAC, which is expected to generate revenues worth US $38 million between 2015 and 2019. The key growth drivers in this market are increasing demand for vehicle and driver safety measures, and in-vehicle infotainment services is expected to drive the market.
“The deployment of vehicle-to-X communication (V2X) technology in vehicles has gained prominence in the recent years. This technology enables faster and efficient driving, by allowing the vehicle to communicate with any entity or infrastructure on the road and enables sending/receiving any relevant information needed in transit. For instance, NXP Semiconductor provides secure V2X which extends the driver’s sight to a longer distance to detect the presence of obstacle,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
Automotive infotainment is the fastest-growing technology in the connected car segment, and is expected to post a growth rate of 56% during the forecast period. Most of the vehicles have infotainment for entertainment purposes in connection with devices such as smartphones and personal navigation systems. This is facilitated with a hands-free car kit. Also, high quality infotainment equipment plays a vital role in car purchasing decision making process.
The leading vendors in the connected car M2M connections and services market in APAC include Audi, BMW, CarIQ, China Unicom, Delphi Connect, Ford, Shanghai OnStar, Toyota G-Book, Vodafone and Wipro. The competition in APAC among major connected car in-vehicle providers is very slowly gaining momentum. Most of the countries in APAC are highly price sensitive in the hathback car categories. Hence, only premium car such a BMW, Audi, have lunched the connected car applications along with their new models. In addition, some of the leading vednors such as Toyota have lunched connected car application along with their luxuary car segments.
A more detailed analysis is available in the Technavio report, Connected Car M2M Connections and Services Market in APAC 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related Reports:
- Connected Car M2M Connection and Services Market in the US 2015-2019
- Connected Car M2M Market Analysis 2015-2019
- Connected Car M2M Connections and Services Market in Western Europe 2015-2019
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