Europe Connected Cars Market Growth, Trends and Value Chain 2014-2020 by Fmi

Europe Connected

Cars Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2014 – 2020

Future Market Insights

www.futuremarketinsights.com

sales@futuremarketinsights.com

ReportDescription

Report Description

Connected cars are considered to be the future of automobile industry. In addition to wireless LAN devices,

connected cars have active safety solutions and automated driver assistance systems. Enabling car owners to

connect with all the connectivity devices that are inside and in the vicinity of cars, connected cars also assure

to maintain safe distance between cars on roads.

These cars also allow drivers to mechanically monitor cars’ performance and physical condition. The

connected car technology can also be used to connect to cars through smartphones or other mobile devices.

Research indicates that the market for connected cars, after 2010, has been growing in a nascent stage each

year. Providing a wide range of opportunities to automotive and telecom industries, as well as consumers,

the market is anticipated to gain mass penetration and witness substantial growth in the near future.

Europe, which is currently the second largest market for connected cars, is estimated to outpace North

America and create the largest market by 2020 end. Rising demand for vehicle safety and security will

continue to be a key driver for market growth.

Europe Connected Cars Market: Key Drivers

Increasing demand for electric vehicles from European consumers is playing a crucial role in boosting the

market for connected cars. Moreover, the market is predicted to gain traction due to widespread adoption of

mobile and wireless technologies.

Some governments within EU are introducing various regulations and initiatives regarding vehicles safety,

which could be a favourable move for connected car manufacturers and dealers. In addition, availability of

advanced telecom and road infrastructure will also continue to fuel the European...