London, 17 June 2015 – Technavio has published a new report on the connected car M2M connections and services market in the US, which is expected to grow at a CAGR of more than 14% from 2015-2019.
About the Report
The recent market survey by Technavio indicates that the rise in the tech-savvy population has led to more cars being furnished with sophisticated gadgetry and systems, and features like connected mobile services and additional entertainment are in demand.
“The contribution of electronics and software to the total value of a car is likely to increase in the near future, and we expect these infotainment services to help drive new car sales,” says Faisal Ghaus, Vice President of Technavio.
The Technavio report also emphasizes high-tech sensors and chips, which are being used to monitor a driver’s movements to help them avoid accidents.
“These sensors and chips monitor vital statistics such as eye movement, brain activity, and heart rate of the driver and provide information to car manufacturers and app developers,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the growth prospects of the connected car M2M connections and services market in the US from 2015-2019. To calculate the market size, Technavio considers revenue generated from OEMs, aftermarkets, infotainments, telematics and data analytic services.
Key Information Covered in the Report:
Key Vendors:
- Gemalto SA
- General Motors Co.
- Sierra Wireless Inc.
Market Growth Drivers:
- Increased Demand for In-car Infotainment Services
- For a full detailed list, view our report.
Market Challenges:
- Data Security and Privacy Issues
- For a full detailed list, view our report.
Market Trends:
- Increased Use of Advanced Sensors and Chips
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
