16.92% CAGR for Connected Car M2M Connections and Services Market in the US to 2018 Forecasts a New Research Report at ReportsnReports.com
Dallas, Texas (PRWEB) June 25, 2014 -- 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, including the US, 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 developers, and telecom operators are developing partnerships to launch LTE-based connected cars over the next few years. For instance, AT&T and GM signed a deal to launch LTE-based connected cars by the end of 2014 in the US, and Sierra Wireless launched an LTE-based connected car M2M module, which will be operated on Verizon's LTE networks across the US.
Analysts forecast the Connected Car M2M Connections and Services market in the US will grow at a CAGR of 16.92 percent over the period 2013-2018. According to the report, one of the main drivers in this market is the increased awareness and demand for safety and security connected car M2M services. The awareness of safety and security services among vehicle users in the US is seen to be growing at a rapid rate. Many users use connected car M2M services to access emergency services, vehicle diagnostics, prevent accidents, and convey information about stolen vehicles.
The Connected Car M2M Connections and Services market in the US can be divided into two segments by application and vertical.
Connected Car M2M Connections and Services Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Connected Car M2M Connections and Services market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Market Driver
• Increasing Awareness of and Demand for Safety and Security Services
Key Market Challenge
• High Cost of Connected Car M2M Equipment and Services
Key Market Trend
• Launch of LTE-based Connected Cars
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The report recognizes the following companies as the key players in Connected Car M2M Connections and Services Market in the US: Bayerische Motoren Werke (BMW) AG, General Motors Co. (GM), Gemalto S.A., Sierra Wireless Inc., Verizon Telematics Inc., 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, Toyota Motor Corp.
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 from US$65 to US$270, depending on the functionality of the TCU and the volume of TCUs ordered. In addition, many vehicle manufacturers provide connected M2M services on an annual subscription basis.
Key Questions Answered in this Report
• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
List of Exhibits:
Exhibit 1: Connected Car M2M Connections by Application
Exhibit 2: Connected Car M2M Services by Service Category
Exhibit 3: Market Research Methodology
Exhibit 4: Connected Car M2M Service Options
Exhibit 5: Overview of the Connected Car M2M Connections & Services Market in the US
Exhibit 6: Connected Car M2M Connections Market in the US 2013-2018 (in million)
Exhibit 7: Connected Car M2M Connections Market in the US by Application 2013-2018 (in million units)
Exhibit 8: Connected Car M2M Services Market in the US 2013-2018 (US$ billion)
Exhibit 9: Connected Car M2M Products and Services Market in the US 2013-2018 (US$ billion)
Exhibit 10: Connected Car M2M Services Market in the US Segmentation by Service Category 2013-2018 (US$ billion)
Exhibit 11: Connected Car M2M OEM Market in the US by Product or Service 2013-2018 (US$ billion)
Exhibit 12: BMW Connected Car M2M Business Segmentation
Exhibit 13: GM Connected Car M2M Business Segment
Exhibit 14: Verizon Telematics Business Segment
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Ritesh Tiwari, ReportsnReports.com, http://www.reportsnreports.com/, +1 (888) 391-5441, [email protected]
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