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2015-01-30

Connected Cars Market Forecast in infographics by Forbes

Connected Cars Market Forecast in infographics by Forbes

With well over one billion vehicles on our roads worldwide, conventional automobiles have had to become more intelligent. Companies, such as Google, are making steady progress on highly sophisticated projects like driverless cars while simpler vehicles hooked up to the Internet are becoming increasingly common.

In 2013, there were approximately 23 million connected vehicles scattered across the globe. A connected car is equipped with Internet access, providing its driver with a multitude of benefits and smart options. These include enhanced engine controls, automatic crash notifications and safety alerts, to name just a few. Apps also allow owners to interact with their vehicle from any distance.

Many analysts are predicting connected cars will revolutionize the automobile market in much the same way smartphones transformed telecommunications. Connected cars are set for some serious momentum over the next few years. IHS Automotive predicts that 20 percent of vehicles sold worldwide in 2015 will include some form of embedded connectivity while the number of connected cars sold globally will grow more than sixfold to 152 million by 2020.

Gartner is even more optimistic, predicting that a quarter of a billion connected vehicles will be on our roads by 2020. Whatever the exact number, smart cars are certainly set for takeoff.




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