Global Connected Car M2M Market 2017-2021

This market research report identifies suppliers like Audi, Alpine Electronics, BMW, and GM to be the key vendors in the global connected car M2M market. It also presents a detailed segmentation of the global market by product (OEMs and aftermarket), by technology (embedded, integrated, and tethered), by application (safety and security, infotainment, driver assistance, vehicle management, and on-drive management), and by geography (the Americas, APAC, and EMEA).

Overview of the global connected car M2M market

Technavio’s market research analyst predicts the global connected car M2M market to grow steadily at a CAGR of around 27% by 2021. One of the primary drivers for this market is the growing number of smartphone integrated services. The demand for in-vehicle connectivity and telematics has led to technological advances that aim to enhance the overall in-vehicle experience of both the passengers and drivers. Consumers are spending plenty of time on their personal mobile devices. Consequently, they expect a similarly enhanced experience from the in-vehicle entertainment and information systems, particularly with respect to user interface. Moreover, owing to the growing demand for electronic vehicles across the world, automotive OEMs are developing applications that will allow the consumers to connect their smartphones to the vehicle to provide a real-time status of their vehicle's battery. For instance, BMW i Remote application allows BMW i3 users to check the battery capacity of the vehicle by connecting their smartphones to the automobile while it is being charged. These advancements are expected to propel growth in the global connected car M2M market in the coming years.

In terms of geography, the Americas accounted for the major share of the market during 2016 and is expected to continue its dominance in the coming years. The significantly high sale of luxury cars is one of the primary reasons for the growth of the connected car M2M market in the region. Also, the increasing number of passengers spending more time in the car is expected to further propel the growth of the connected car M2M market in the region during the next four years.

Competitive landscape and key vendors

The global connected car M2M market is highly fragmented due to the presence of several international and regional vendors holding shares in markets across the globe. Also, increasing popularity of internet of things (IoT) has a significant impact on the automotive industry. The industry is expected to witness lucrative opportunities in the connected cars segment due to the drastic digital transformation.

Leading vendors in the market are –

• Audi
• Alpine Electronics
• BMW
• GM

Other prominent vendors in the connected car M2M market include Bosch, Delphi Automotive, Ford Motor Company, Google, IBM, Mercedes-Benz, NXP Semiconductors, PSA Peugeot Citroën, Qualcomm, Sierra Wireless, Tech Mahindra, Toyota, Volkswagen, and Wipro.

Segmentation by technology and analysis of the connected car M2M market

• Embedded solutions
• Integrated solutions
• Tethered solutions

During 2016, the embedded solutions segment dominated the connected car M2M market and accounted for a major part of the overall market share. The rising necessity for better navigation and driver assistance services are few of the major factors responsible for the growth of this segment in the global market.

Segmentation by application and analysis of the connected car M2M market

• Safety and security
• Infotainment
• Driver assistance
• Vehicle management
• On-drive management

In this market study, analysts have estimated the safety and security segment to dominate the connected car M2M market during the forecast period. Factors such as the ability to contact emergency services, avail vehicle diagnostics, directions, and tracking of stolen vehicles are the key contributors to the growth of the safety and security segment in the connected car M2M market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global connected car M2M market?
• What are the key market trends impacting the growth of the global connected car M2M market?
• What are the challenges to market growth?
• Who are the key vendors in the global connected car M2M market?
• What are the market opportunities and threats faced by the vendors in the global connected car M2M market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global connected car M2M market?

Technavio also offers customization on reports based on specific client requirement.