The global connected car market will increase by 270% in the next five years

Geshi Automobile News According to foreign media reports, a study of the global connected car market said that by 2022, the market will increase by as much as 270%, and there will be 125 million connected passenger cars on the market. When the goods are shipped, they have built-in interconnection features.

Counterpoint’s Internet of Things Tracker service indicated that the market was mainly driven by the EU eCall injunction and the application of interconnection services in China. In Europe, major automotive consumer economies such as Germany, the United Kingdom, and France will “provide the major thrust to the market”.

This data only shows global passenger vehicle shipments with built-in internetworking capabilities, but does not indicate the number of active connections.

The study further shows:

In 2017, China and the United States accounted for nearly 45% of total shipments, of which China accounted for 32%. This was mainly due to the large passenger vehicle market in China.

In Europe, it is expected that by 2020, the penetration rate of connected cars in Germany, the United Kingdom, France and other European countries will approach 100%. This is mainly due to the fact that Europe forced the deployment of eCall earlier.

If divided by brand, GM is now dominating the connected car market with its OnStar platform and providing connected car services to users worldwide.

BMW, Audi and Mercedes-Benz followed, and they also dominated the market. In 2017, the above-mentioned three major car companies accounted for 90% of the total shipments of connected passenger vehicles.

Japanese automakers are lagging behind. The growth of their built-in cellular vehicle network will gradually increase.

Divided from the perspective of the Internet, 2G/2.5G is still occupying the mainstream position in the global interconnected platform, and 3G networks will be replaced in 2017. However, 4G networks are now developing rapidly, accounting for nearly 90% of the global connected car share.

As for the 5G network, Japan and South Korea will occupy a dominant position in the market. Compared with other markets, the market penetration of 5G networks in Japan and South Korea is relatively high. (This article is taken from smarthighways.net)