Published Date : Aug 01, 2016
ALBANY, NY, Aug 01, 2016 - MarketResearchReports.biz has added a new report, titled ‘Connected Car M2M Connections And Services Market In The US 2016-2020,’ to its offering. This study presents an in-depth evaluation of the market and throws light on the prime factors impacting the development of this market. These factors include the opportunities, challenges, drivers, and trends observed in the market.
The report also uses Porter’s five forces reports and provides a comprehensive understanding of the suppliers and buyers in the market. It also describes the competitive scenario of the connected car M2M connections and services market in the US. Furthermore, recent developments regarding the key players dominant in the market and their SWOT reports is also an integral part of this study.
The first section of the report throws light on an overview of the market. The current size of the market and its projected state by the end of the forecast period have been presented under this section of the report. As per the report, the connected car M2M connections market in the U.S. is poised to exhibit a whopping CAGR of 32% from 2016 to 2020. On the other hand, the connected car M2M services market in the U.S. is predicted to expand at a CAGR of 28% between 2016 and 2020.
Moving further, the report provides insights into the key segments of the market. In terms of usage, the report categorizes the market into aftermarket and OEM. Amongst these, on the basis of revenue, the segment of OEM held a significant share of approximately 70% in the connected car M2M connections and services market in the US in 2015. The reason for the dominance of this segment is the increasing inclination toward advanced value-added services in the market within the U.S.
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By application, the report segments the market into driver assistance, safety and security, vehicle management, infotainment, and insurance-based telematics. Among these, the segment of safety and security led the market in 2015 and is predicted to stand at US$17 bn by 2020. On the basis of revenue, the safety and security connected car M2M services market is poised to maintain its superiority all through the forecast period.
In the following section of the study, the dynamics shaping the growth of this market have been highlighted. The development in embedded telematics solutions, the soaring number of tech-savvy customers, and the growing dependence on technology will boost the growth of the market in the U.S. In addition, the increasing demand for constant connectivity will also augment the growth of this market. The launch of V2X technology within vehicles is a prime trend seen in the market. However, the skyrocketing prices of connected car M2M equipment and services may negatively impact the development of this market.
In the last section of the study, the vendor landscape of the market has been presented. The chief vendors operating in the connected car M2M connections and services market in the U.S are Audi Connect, Gemalto, BMW, Sierra Wireless, General Motors, and Verizon Telematics, among others.
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