Connected Car Market to Surge in Next Few Years

After mobile internet, there is another blue sea-connected car market, whose revenue is projected to increase to €39 billion in 2018 from €13 billion in 2012, according to a research from SBD and the GSMA. From China perspective, by 2015, connected car market size will reach RMB 150 billion, driven by the 25 million vehicle shipments, says Enfodesk.

 

Vehicle networking increases drivers’ safety via collision warning, electronic signs, traffic lights warning, online vehicle diagnostics and detecting slippery road; improve traffic flow with urban traffic management, traffic congestion detection, path planning, highway toll as well as public transport management; offer higher convenience and entertainment through carpool, social networking. More, vehicle networking enables connection with smartphone and tablet.

 

Seeing these commitments, do you feel thrilled? At least, I am touched, so that I want to buy such a car years later. The advantage of safety consideration and road condition detection uplifts my desire higher, because I values my life and want not to waste time in the long line. Polished by other advantages, consumer morale is enough to boom the connected car market.

 

Based on GSMA, safety and security as well as the resulting law mandate is the key driver, pushing connected cars shipment grow to 41.7 million in 2018, up from 7 million in 2012. In the EU, Russia and Brazil, the widespread deployment of these safety systems will depend on the implementation of the aforementioned regulations. In China, the related mandatory also adds fuel to promote China to become the largest connected car market in the coming years.

 

In addition to market potential, for manufacturers, development trends also gain traction. Two aspects: first, voice input and output as well as terminal interaction is still the direction of in-car terminal; navigation technology becomes more intuitive; traditional static navigation will gradually be replaced by dynamic navigation and 3D navigation, photo navigation and online technology are the future trends.

 

Then who will be the beneficiary? Maybe I can not list all, but undoubtedly, sensor, controller, chip, connector are the basic components which will usher in strong driving force. Facing the cake, have you prepared your supply chain?