DUBLIN, April 15, 2013 /PRNewswire/ --

Research and Markets has announced the addition of the "Connected Car Market (2013-2018): By Connectivity Technology (LTE, Wi-Fi, 3G, HSPA); Form Factor (Tethered, Embedded, Integrated); Product & Service (OEM & Aftermarket), Application (Navigation, Telematics, Infotainment) & Geography" report to their offering.

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Consumers demands and mandates (both existing and expected) are the major drivers for the connected car market. Most of the major economies have already introduced one mandate or the other such as eCall in Europe and GLONASS in Russia. No wonder most of the industry experts opine that the connected car is all set to be the next big thing in the automotive industry. Future generations will rely more on cloud-based backend systems for content, information, and services. This turning of car into a huge data repository will open new avenues of business opportunities for service industries such as insurance and content providers such as Spotify (U.K.).

The global connected car market shipments are expected to reach 59.86 million units and likely to reach $ 98.42 billion by 2018. In terms of connectivity technologies, LTE will be the main connectivity solution; especially when the vehicle is in motion. Currently, the mobile networks are providing good coverage in all the metropolitan areas, although connectivity remains a problem in rural areas, which will impact the usability of cloud services. Wi-Fi has its place as vehicle to infrastructure connectivity when the vehicle is parked. It can be used for functions such as software updates, downloading maps, and content. Wi-Fi is a cost-effective alternative because it does not incur data volume costs as LTE does.

The future remains to be seen and will depend on how much the automotive companies open up their systems for third party developers. However, car manufacturers need to standardize on common solutions to drive the market and open systems to create the necessary critical mass among app developers.

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Key Topics Covered:

1 Introduction

2 Executive Summary

3 Cover-Page Interview

4 Market Overview

5 Connected Car Market, By Connectivity Technology

6 Connected Car Market, By Connectivity Form Factor

7 Connected Car Market, By Product And Services

8 Connected Car Market, By Application

9 Connected Car Market, By Geography

10 Competitive Landscape

11 Company Profiles

Companies Mentioned

- Airbiquity Inc.
- Apple, Inc.
- Alcatel-Lucent
- At&T Inc.
- Audi Ag
- Bayerische Motoren Werke (Bmw) Ag
- Daimler Ag
- Delphi Automotive Llp
- Ford Motor Company
- Garmin Ltd.
- General Motors
- Harman International
- Hughes Telematics
- Hyundai Motor Co.
- Intel Corporation
- Linux Foundation
- Luxoft Ltd.
- Microsoft Corporation
- Nokia Oyj
- Nuance Communications, Inc.
- Sierra Wireless Inc.
- Sony Corporation
- Tata Consultancy Services Limited
- Tomtom International Bv
- Toyota Motor Corporation
- Verizon Communications, Inc.

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Sector: Computing and Technology

SOURCE Research and Markets