MarketsandMarkets Quoted for Latest Trends in Connected Car Market by Yourstory
The evolving trend of connectivity in vehicles has transformed the automobile industry, allowing the car owners to connect with all the connectivity devices. The major applications include telematics, infotainment, and combined telematics and infotainment. The global market for connected cars is projected to witness a huge growth of 35.54% during the forecast period 2016-2022, reaching 37.7 Million units by 2022. This growth can be majorly attributed to the rapid urbanization, growth in demand for smartphone features in cars, and regulatory mandates on telematics applications.
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Report mentioned in the above news is,
Connected Car Market by Hardware (Semiconductor Components, and Connectivity ICs- Wi-Fi, Bluetooth and Cellular), Application (Telematics, Infotainment, and Combined Telematics & Infotainment), and Geography - Global Forecast to 2022
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