Dallas, Texas (PRWEB) December 06, 2013
As of July 2013, almost 200 LTE networks had been deployed across the world and another 90 new LTE networks were in the deployment phase. In addition, more than 25 countries are expected to auction their LTE networks by the end of 2015. Hence, the availability of LTE networks across the globe is expected to increase rapidly during the forecast period. Due to the increasing availability of high-speed LTE networks, many car manufacturers, connected car M2M platform (http://www.reportsnreports.com/reports/271046-global-connected-car-m2m-connections-and-services-market-2014-2018.html) developers, and telecom operators are developing partnerships to launch LTE-based connected cars over the next few years. For instance, Audi has announced the launch of the Audi S3 Sportback car in Europe in 2014 with an embedded Gemalto LTE module. Similarly, AT&T and General Motors have signed a deal to launch LTE-based connected cars by the end of 2014 in the US and Sierra Wireless has launched an LTE-based connected car M2M module, which will be operated on Verizon's LTE networks across the US. Hence, the launch of LTE-based connected cars is an emerging trend being witnessed in the market.
Analysts forecast the Global Connected Car M2M Connections and Services market to grow at a CAGR of 28.45 percent over the period 2013-2018. According to the report, one of the main drivers in this market is the increasing awareness of and demand for safety and security-connected car M2M services. The awareness of safety and security services among vehicle users globally is increasing at a rapid rate. Many users use the connected car M2M services for accessing emergency services, vehicle diagnostics, preventing accidents, and notifying information about stolen vehicles.
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Further, the report states that one of the major challenges in this market is the high cost of connected car M2M equipment and services. The cost of embedding a TCU in a car varies between US$65 and US$270, depending on the functionality of the TCU and the volume of TCUs ordered. In addition, many vehicle manufacturers provide connected M2M services for an annual subscription.
The report recognizes the following companies as the key players in the Global Connected Car M2M Connections and Services Market: Bayerische Motoren Werke (BMW) AG, General Motors Co., Gemalto S.A., Sierra Wireless Inc., and Verizon Telematics Inc.
Other vendors mentioned in the report are Airbiquity Inc., Apple, Inc., Alcatel-Lucent Inc., At&T Inc., Audi AG., Daimler AG., Delphi Automotive LLP., Ford Motor Company.,Garmin Ltd., Harman International, Hyundai Motor Co., Intel Corp., Luxoft Holdings Inc., Microsoft Corp., Nokia Corp., Nuance Communications, Inc.,Sony Corp., Tata Consultancy Services Ltd., Tomtom International BV., and Toyota Motor Corp.
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