Connected Car M2M Connection and Services Market in APAC 2015-2019
| Published: Nov 2015 | Pages: 81 | SKU: IRTNTR7079 |
Market scope of the connected car M2M market in APAC
Technavio’s market research analyst predict that the Connected Car M2M market in APAC will continue to grow at CAGR of more than 45% during the forecast period. 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 .
Launch of electric vehicles with almost all applications such as M2M connections for power management, location-based services for charging points, electronic meters, and safety and security devices is also enhancing the market revenue. For instance, sales Mahindra Reva e20 has increased significantly in few cities of India because of the additional connected M2M services feature inspite of premium price bracket it fall among the hatchback car models.
Competitive landscape and leading companies in the connected car M2M in APAC market
The competition in APAC among major connected car in-vehicle providers is very slowly gaining momentum. Unlike the US and Western Europe, ussers preferrnce of adopting a technology-enable car is low. Also, 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 applcation along with their luxuary car segments.
Some of the key leading companies in the Connected Car M2M market are -
- Daihatsu
- Delphi Automotive
- Mahindra
- Virdata
Segmentation of the Connected Car M2M market by services
- Driver Assistances
- Safety and Security
- Infotainment
- On-drive Management
- Vehicle Management
- And Others
Infotainment is expected to witness a very high growth rate compare to other segment in Connected Car M2M market in APAC. Average time spent by an users travelling his own vehicle in Shanghai and Mumbai is 120 minutes and 105 minutes respectively in a weekday. Hence, high quality infotainment equipment plays a vital role in car purchasing decision making process. Thus car headunits connected to mobile, and connected entertainment features embded with the cars are expected to play avital role in purchasing a connected car .
Segmentation of the Connected Car M2M market by connections
- Navigations
- Shared car management
- Security tracking
- Insurance
- Entertainment and web services
- Vehicle platform
- Emergency services
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the connected car M2M market?
- What are the key market trends impacting the growth of the connected car M2M market?
- What are the challenges to market growth?
- Who are the key vendors in the connected car M2M market?
- What are the market opportunities and threats faced by the vendors in the connected car M2M market?
- What are the key outcomes of the five forces analysis of the connected car M2M market?
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