- Other Apps
We are still at the early stage when it comes to connected car, but excitements increase with key drivers such as in-car infotainment services; and advanced sensors and chips. We also have challenges related to Data security and privacy issues.
For those who unfamiliar, Connectikpeople.co recalls that, the connected car M2M market is divided into two segments: connected car M2M connections and connected car M2M services.
Based on services, the connected car M2M services market can be segmented into: driver assistance, safety and security, infotainment, vehicle management, on-drive management, and other services.
The connected car M2M services market by usage can be segmented into two: connected car M2M OEM market and connected car M2M aftermarket.
Connectikpeople.co observes that, with advances in technology, high-tech sensors and chips are widely used in connected cars to monitor every movement of drivers and help them to avoid accidents.
These advanced sensors and chips monitor vital statistics such as eye movement, brain activity, and heart rate of the driver and provide information to car manufacturers and app developers.
According to Research and Markets, Consumers look for connected mobile services and additional entertainment features when purchasing a car. In-car infotainment systems and services are driving the sales of new cars.
However, Connectikpeople.co can also observe that, lack of proper guidelines about securing ownership data and the privacy issue of users has hindered market growth.
The US to grow at a CAGR of 14.43% and the connected car M2M connections market in the US to grow at a CAGR of 28.47% over the period 2015-2019, said Research and Markets.
Key vendors include: BMW, Gemalto, GM, Sierra Wireless and Verizon Telematics.