In the U.S. the automobile is central to many consumers' lives, with a large group spending more than an hour each day in their car. These c ar centric consumers, who are also tied to their smartphones, are driving the connected car market in the U.S. and have created an opportunity for automobile OEMs, technology OEMs, and mobile operators to provide valuable services through the users' vehicles.
Furthermore, auto manufacturers view the connected car market as an opportunity to use mobile communications to provide safety features, such as emergency services, and remote diagnosis and management of their vehicles.
iGR, a market research consultancy focused on the wireless and mobile industry, has recently released a new market study that overviews the current state of the connected car market, and has found that this relatively new market has matured significantly in the last two to three years, as many providers have fine tuned and improved their second or third generation of solutions and have decided on a strategy to provide connected car solutions.
However, challenges still exist for the many players in the ecosystem.
"The connected car market, as part of the larger IoT market, will experience growth over the next five years," said Iain Gillott, president and founder of iGR. "Some connected car solutions, such as LTE Wi-Fi hotspots, will become more readily available throughout the forecast period and prompt an increased number of mobile connections and increased data usage."
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