Technology News, Search Engine

Technology News & Search Engine

Technology News and Search Engine - Computers and Software,
Internet, Personal and Enterprise Technogy News. Website Builder.
Press release distribution service
Home | Technology News Search Engine:                                     

Home: Technology News:

Connected Car Market expected to worth 37.7 Million Units by 2022

(IT-NEWSWIRE.COM, March 16, 2017 ) According to the new market research report "Connected Car Market by Hardware (Semiconductor Components, and Connectivity ICs- Wi-Fi, Bluetooth and Cellular), Application (Telematics, Infotainment, and Combined Telematics & Infotainment), and Geography - Global Forecast to 2022 ", the connected car market is expected to grow from 5.1 Million units in 2015 to 37.7 Million units by 2022, at a CAGR of 35.54% during the forecast period.

Browse 70 market data tables and 65 figures spread through 162 pages and in-depth TOC on "Connected Car Market".

Early buyers will receive 10% customization on this report.

Rising demand for embedded infotainment system, usage-based insurance (UBI), implementation of intelligent transportation system (ITS), and government mandates on telematics application are expected to drive the growth of the connected car market. Moreover, rapid urbanization in Asia Pacific (APAC) countries also contributes to the growth of the connected car market.

Download PDF Brochure @

Semiconductor components to hold the largest share of the connected car market in North America

Semiconductor component which includes microcontroller, FPGAs, DSPs, and memory chips has the largest market share in North America. The high adoption rate of telematics and infotainment applications along with the presence of major semiconductor companies such as Intel Corporation (U.S.), Texas Instruments, Inc. (U.S.), Qualcomm, Inc. (U.S.), Micron Technology, Inc. (U.S.) and NVidia Corporation (U.S.) along with automobile manufacturer such as General Motors Company (U.S.) and Ford Motors Company (U.S.) are driving the growth of the connected car market for semiconductor components in North America.

Telematics application expected to grow at the highest rate between 2016 and 2022

Telematics application which includes eCall, fleet management, remote diagnosis, and usage-based insurance (UBI) services is expected to grow at the highest CAGR during the forecast period. The government mandates on telematics application, implementation of intelligent transportation system (ITS), rapid urbanization, and rising demand for UBI are expected to drive the connected car market for telematics application during the forecast period.

North America to hold the major market share for connected car market during the forecast period

North America, which comprises the U.S., Mexico, and Canada, dominates the connected car market on a global level. The U.S. is a major contributor to the growth of the connected car market in North America. The growth in this segment would be driven by the regulatory mandates on certain telematics applications. In the U.S., the transportation system is at a critical juncture as the current infrastructure is reaching its capacity and the transportation network is at a saturation point. Traditional methods of infrastructure expansion are no more a viable solution to address traffic congestion, hence alternative solutions are required. Connected cars, with the additional application of telematics and navigation, present an ideal solution to this issue. Moreover, the presence of major automobile companies such as Ford Motor Company (U.S.) General Motors Company (U.S.), and Tesla Motors, Inc. (U.S.); telecom solution providers and operators such as Verizon Communications, Inc. (U.S.), Sierra Wireless, Inc. (Canada), AT&T, Inc. (U.S.); and software players such as IBM Corporation (U.S.) and Microsoft Corporation (U.S.) are driving the growth of the connected car market in North America.

Inquiry Before Buy @

The major players in the connected car market are Audi AG (Germany), BMW AG (Germany), General Motors Company (U.S.), Tesla Motors, Inc. (U.S.), Google, Inc. (U.S.), Volvo Car Corporation (Sweden), Delphi Automotive Plc (U.K.), Vodafone Group Plc. (U.K.), AT&T, Inc. (U.S.), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Airbiquity Inc. (U.S.), and Wirelesscar (Sweden).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.




701 Pike Street

Suite 2175, Seattle,

WA 98101, United States

Tel : 1-888-600-6441


Visit MarketsandMarkets Blog@

Connect with us on LinkedIn @



Mr. Rohan


Source: EmailWire.Com


Sponsored Links

EmailWire Business Directory
EmailWire Business Directory about Legal, Stocks, Investment, Markets, Stocks

Submit website to Business Directory

Listen to GroupWeb Radio

Technology News Headlines
  • Computer Security
  • Digital Music
  • Digital Video/TV
  • Enterprise
  • Linux/Open Source
  • Microsoft
  • Mobil Phones
  • Internet
  • Personal Technology
  • Portals & Search Engines
  • RSS and Blogging
  • Software
  • Technology News
  • GroupWeb Market Place
    Website Builder - Blog Builder
    Build your website in 5 minutes. One month free. No setup fee! Blog Included.

    Your text Ads here!
    Ads are only $50 per month.Please contac us and state ou want to place advertisement on

    Technology Business Video Feed

    More Technology Video Feeds
  • Computers
  • Computers & Software
  • Home Theater
  • Personal Technology
  • TechBiz
  • TechBytes
  • Technology Publications

    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Search Engine Optimization for E-commerce Sites: The Seven Most Common Pitfalls
    Website Magazine
    Business Activity Monitoring: Smart Decisions with Real-time Visibility

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net - a Technology News and Resource of GroupWeb Media LLC