Connected car market to hit $21.82bn in 2013: Report Buyer

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Increased popularity of smartphones and tablets drives growth.

Report Buyer

The Connected Car Market 2013-2023: Telematics for in-Vehicle Safety, Security and Infotainment states that the connected car market in 2013 will reach $21.82bn.

The connected car market encompasses telematics, or wireless connectivity, for the purpose of infotainment, safety, security and communications. In recent years wireless connectivity has seen substantial growth with the increased popularity of smartphones and tablets. In-vehicle connectivity has been around since the 1990s but improvements of the wireless infrastructure have resulted in new possibilities.

Meanwhile consumer expectations are also evolving, forcing vehicle manufacturers to offer advanced connectivity systems in their cars and ensuring steady growth of demand. Meanwhile government regulations for emergency assistance and for stolen vehicle tracking are speeding up the process of telematics adoption.

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