As more and more cars are becoming connected, generating enormous amounts of connected car data and its monetization is rapidly becoming a critical part of automobile and transportation systems creating new value pools. Ericsson estimates the total number of connected cars in operation will rise to more than 500 million by 2025, projecting USD 219.21 billion by 2025.
It has become crucial for auto OEMs to collect, store, and analyze this data to generate actionable and valuable insights to secure the world of opportunities presented by this tech revolution.
Today, automotive players require a robust and comprehensive platform to enable an ecosystem of connected vehicles and emerging services to adapt to the new age customer demands and digital revenue streams.
Targeted Advertising
In-vehicle marketing revolutionizes driver's and passengers' lifestyles, with location and contextual-based targeted advertisement campaigns on their in-vehicle touchscreens. Enabling unique customer engagement opportunities with offers based on drivers’ preferences, past behavior, time of day, vehicle location, current route, and more. Such as Deliver low-fuel alerts, offer directions to your nearby fuel and convenience stores, and allow customers to pay from their dash.
Connected Car Insurance
The connected car ecosystem is disrupting the $1-trillion insurance sector, which has remained stagnant for decades. With data-driven insights into driver behavior, vehicle health, and breakdown events; Insurers now can offer tailored insurance packages and additional VAS like On-road assistance, on-demand services, emergency services, optimized to driver's usage or behavior. Enabling unique usage-based insurance plans like Pay-as-you-drive (PAYD) and Pay-how-you-drive (PYHD).
Predictive Maintenance of Mission-Critical Fleet
Today, business organizations with high-value assets, like fleet management companies, turn to predictive maintenance to help control the ever-increasing costs of maintaining their equipment. Predictive maintenance tools fetch data and monitor the condition and performance of in-service equipment, such as a fleet of vehicles, to reduce the possibility of failures. By using the data by numerous sensors installed on trucks and other fleet vehicles, the fleet managers can easily foresee the imminent failures.
At Airlinq, we believe that tomorrow's connected ecosystems will present tremendous monetization opportunities for automakers while building numerous new avenues for customer engagement from transforming the vehicle (or driver) data into relevant, actionable information.
Airlinq’s connected car platform fast tracks the connected car journey for Automotive OEMs; enabling them to offer infotainment, safety, and utility services inside the vehicle to enhance the customer experience. Connected car API orchestration enables seamless onboarding of third-party service providers and a rich digital ecosystem of connected services, creating new digital revenues streams across the value chain. To know more on a connected car platform, do visit https://www.airlinq.com/connected-car-platform/
8 Nov 2018 – Global Connected Car Market is anticipated to reach USD 180.30 billion by 2022.Connected car implies a car equipped with internet access and wireless local area system.
On the other hand, there are factors that may hamper the growth of the market including high cost of connected car hardware.
The connected car market is anticipated to grow at a significant CAGR of 28% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Connected Car Market may be explored by technology, application, solutions, product and services, and geography.
The connected car market could be explored based on solutions as tethered, Embedded, and integrated.
Connected Car Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Connected Car include Alcatel Lucent, Apple Inc., AT Inc., Audi AG, BMW, Delphi Automotive, Ford Motor, General Motors Company, Google Inc., and NXP Semiconductors N.V..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Connected Car Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/connected-car-market/download-sampleMarket SegmentationThe broad Connected Car has been sub-grouped into the Form Type, End Market, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
Connected Cars MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Connected Cars Market.
The growth sectors of the Connected Cars Market are identified with precision for a better growth perspective.The global connected car market is predicted to expand at an incredible CAGR over the forecast period (2016-2027) owing to the need for constant connectivity, asserts Market Research Future (MRFR).
Connected cars allow the drivers to get connected to the online platforms and facilitate real-time communication.
Connected cars are equipped with advanced technologies and sensors.
The cars can communicated with another car which is travelling on the same road and exchange information regarding weather, road blocks, accidents, traffic, etc.Drivers and Constraints Impacting the MarketThe need for constant connectivity, growing demand of the consumers, increasing number of tech-savvy people, and growing dependency on technology are some of the major factors stimulating the market growth over the forecast period.
Several connectivity solutions such as Machine-to-Machine connectivity platforms have been developed by the service providers and car manufacturers.
