Connected Car Revenues Headed for $14B Globally
As radio eyes the car dashboard with increasing vigilance a new report by SNS Research takes a look at the size of the global “dash pie” – a pie that is projected to be $14 billion big by the end of 2016. Titled “The Connected Car Ecosystem: 2016 – 2030 — Opportunities, Challenges, Strategies & Forecasts” the report looks at OEM connected car programs, enabling technologies, key trends, market drivers, challenges, applications, collaborative initiatives, regulatory landscape, standardization, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents market size forecasts for connected car services from 2016 through to 2030. The forecasts are segmented for 3 connectivity models, 5 application categories, 5 regions and 17 leading countries.
Connected cars represent one of the fastest-growing segments of the IoT (Internet of Things) market.
The $14 billion annual revenue threshold is driven by a host of applications, including infotainment, navigation, fleet management, remote diagnostics, automatic crash notification, enhanced safety, UBI (Usage Based Insurance), traffic management and semi-autonomous driving.