Connected car is a vehicle that can communicate bidirectionally with other systems outside of the car equipped with internet access, as well as have the ability to optimize their operations at regular intervals. Connected cars not only connect with people and services, they can also connect with each other and the road infrastructure.
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By geography, North America is going to have high growth during the forecast period due to the increasing vehicle safety and security norms, demand for vehicle-to-vehicle (V2V) connectivity technology, and incorporation of IoT in the automotive industry. Favorable regulation imposed by the US government to curb vehicle collision is favoring the adoption of connected cars.
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Some of the key players profiled in the Connected Car Market include Continental AG, Airbiquity Inc, Bosch, Qualcomm Technologies, Inc., Audi AG, BMW Group, Samsung Electronics, Vodafone Group Plc, Intellias Ltd., Daimler AG, NXP Semiconductors N.V., Toyota Motor Corporation, DENSO Corporation, and Harman International Industries.
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