When consumers think about purchasing a new car, they typically give consideration to features that accommodate their lifestyle choices. In 2016, and beyond, wireless connectivity will be a key factor. Besides, the Internet of Things (IoT) phenomenon will be driven by compelling use-cases, not technology. ABI Research is reporting that the global penetration of embedded and hybrid factory installed OEM telematics within new passenger automobiles will exceed 72 percent by 2021. Growth will mainly be driven by key volume car OEMs in the North America, European Union, and China markets. Car brands within these markets showing accelerated growth include GM, which expects to reach 12 million OnStar subscribers globally by the end of 2016, including its Opel brand in Europe and Cadillac in China; and Ford, which claims to have already 15 million SYNC-equipped vehicles on the road worldwide. Connected Car Market Development Trends "While lower cost hybrid approaches remain attrac...
TMT Market Research and Analysis