Market outlook of connected car M2M connections and services in WE

Technavio’s market research analyst predicts the connected car M2M connections and services market in WE to grow at a CAGR of over 26% during the forecast period. Increased customer demand for advanced infotainment services is the primary growth driver for this market. The demand for the connected car is on the rise as it provides advanced infotainment services such as multimedia streaming, personalized music streaming, social media and networking, and in-car Wi-Fi hotspot connectivity. Companies like General Motors provides lomation, an advanced technology that enables finding services and goods while traveling and also offers advanced navigation systems.

The availability of high-speed wireless networks is another factor that is anticipated to drive the market growth during the forecast period. Due to the presence of 3G and LTE networks, telecom operators in Western European countries such as France, Germany, Spain, the UK, and Italy, can provide high-speed connectivity to connected car M2M users. Moreover, availability of high-speed networks is driving most car manufacturers, connected car M2M platform developers, and telecom operators to develop partnerships to launch LTE-based connected cars during the forecast period.

Application segmentation of the connected car M2M connections and services market in WE

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

The driver assistance application of the connected car M2M services market in WE is growing remarkably and is likely to register a CAGR of more than 27% during the forecast period. The high importance given to optimal routing and journey management from the end-user perspective are the primary reasons driving the growth of this segment. Driver assistance application helps a driver during heavy traffic, in the parking zone, and on highways by providing real-time traffic information.

Segmentation of the connected car M2M connections and services market in WE by usage

• OEM market
• Aftermarket

The connected car M2M OEM market in WE is likely to grow at a steady rate during the forecast period because automotive companies are increasingly focusing on offering value-added services to the consumers. However, due to the stiff competition in the market, manufacturers are expected to provide advanced value-added services that will make the connected car unique and different from competitors.

Competitive landscape and key vendors

The connected car M2M connections and services market in WE exhibits high market potential, hence it has encouraged many chip makers, telecommunication providers, telematics providers, automobile companies, and technology providers to enter the marketplace, which has led to increased competition in the market. As a result, vendors need to introduce innovative products to differentiate among each other and sustain in the market.

The top five vendors in the market are -

• Audi
• BMW
• Gemalto
• General Motors
• Deutsche TeleKom

Other prominent vendors in the market include Delphi Automotive, Ford Motors, IBM, Intelligent Mechatronic Systems (IMS), Mercedes-Benz Connect, Parrot Automotive, PSA Peugeot Citroën, Qualcomm, Sierra Wireless, Tech Mahindra, Toyota Motors, Volkswagen, and Wipro.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the connected car M2M connections and services market in WE?
• What are the key market trends impacting the growth of the connected car M2M connections and services market in WE?
• What are the challenges to market growth?
• Who are the key vendors in the connected car M2M connections and services market in WE?
• What are the market opportunities and threats faced by the vendors in the connected car M2M connections and services market in WE?
• What are the key outcomes of the five forces analysis of the connected car M2M connections and services market in WE?

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

Related reports

•  Connected Car M2M Connections and Services Market in Western Europe 2015-2019
•  APAC Machine to Machine and Connected Devices Car M2M Connection and Services Market 2015-2019
• Connected Car M2M Connection and Services Market in the US 2015-2019
• Global Connected Car M2M Connections and Services Market 2015-2019