Rapid Growth for Global Connected Car M2M Market, Forecasted to Grow at a Strong CAGR of 27.52% by 2021


Published on : May 05, 2017

Albany, New York, May 05, 2017: The M2M has become one of the most important forward positions of the movable connecting field with the immense market opportunities. M2M offers a massive number of opportunities for the automotive trade. According to a recent study, the connected car offers a huge market opportunity for auto manufacturers, operators and connected service providers and also one of the main growth areas of M2M and IoT. To explore the market current landscape and future growth prospects for the connected cars, Market Research Hub (MRH) has recently added a study titled Global Connected Car M2M Market 2017-2021” to its enormous database of research studies. For the better understanding of the market, the report regionally analyzed into some of the prime regions such as APAC, Americas and EMEA.

According to this latest study key findings, the global connected car M2M market estimated to grow at a notable CAGR of 27.52% during the period 2017-2021. There are so many drivers and trends present in the market which are prompting towards this growth of the market. At first, the market overview segment of the report contains qualitative analysis of the global market seeing the factors shaping the market dynamics such as drivers, restraints and opportunities, along with Porter’s five force analysis and market attractiveness analysis. As per the finding, one major driver for this market is the availability of high-speed wireless networks, as the connectivity of connected car M2M modules and platforms depend merely on telecom networks.

Connected cars mainly enable the driver to connect with online platforms and facilitates real-time communication while traveling. Growing consumer demands, the need for constant connectivity, increased dependency on technology and the growing number of tech-savvy people account for the growth of this market. This has created the demand for M2M connectivity in cars. An M2M link refers to a connection established between two electronic or mechanical devices for automatic data transmission. The connected car M2M services are used for navigation, infotainment, tracking stolen vehicles, telematics, road-side assistance, video transmission, and making automated calls during emergencies such as accidents, malfunctioning of devices, fuel leakage and in the case of fire.

Moreover, the report segments the market on the basis of technology and application. By technology, it covers integrated solutions, tethered solutions and embedded solution. Application wise market segmentation includes vehicle management, driver assistance infotainment and on-drive management. To calculate the market size, the report studies the revenue caused by OEM and aftermarket equipment.  In terms of geography, the report finds that due to the expressively high sale of luxury cars in the Americas region the growth of the connected car M2M market is estimated to grow.

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The report further epitomizes the vendor ranking and a detailed analysis of the top vendors in the Global Connected Car M2M market. At present, leading vendors are GM, WAlpine Electronics, BMW and Audi. Other prominent vendors are Mercedes-Benz, Qualcomm, Volkswagen, Toyota, Tech Mahindra, Delphi Automotive, Bosch, Ford Motor Company and others.

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