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
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?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Connected car M2M services market in Western Europe by application category
- Driver assistance application
- Safety and security application
- Infotainment application
- Vehicle management application
- On-drive management application
- Other services
PART 07: Market segmentation by shipment units
- Connected car M2M connections market in Western Europe by shipment units
PART 08: Market segmentation by usage
- Connected car M2M OEM market in Western Europe
- Connected car M2M aftermarket in Western Europe
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Recent news
- Market share analysis
- Other prominent vendors
PART 15: Appendix
PART 16: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape