|[March 07, 2014]
Research and Markets: Global Connected Car M2M Connections and Services Market to 2018: BMW, GM, Gemalto, Sierra Wireless & Verizon Dominate the Industry
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/44x4t6/global_connected)
has announced the addition of the "Global
Connected Car M2M Connections and Services Market to 2018: BMW, GM,
Gemalto, Sierra Wireless & Verizon Dominate the Industry"
report to their offering.
One of the main drivers in this market is the increasing awareness of
and demand for safety and security-connected car M2M services. The
awareness of safety and security services among vehicle users globally
is increasing at a rapid rate. Many users use the connected car M2M
services for accessing emergency services, vehicle diagnostics,
preventing accidents, and notifying information about stolen vehicles.
As of July 2013, almost 200 LTE (News - Alert) networks ha been deployed across the
world and another 90 new LTE networks were in the deployment phase. In
addition, more than 25 countries are expected to auction their LTE
networks by the end of 2015. Hence, the availability of LTE networks
across the globe is expected to increase rapidly during the forecast
period. Due to the increasing availability of high-speed LTE networks,
many car manufacturers, connected car M2M platform developers, and
telecom operators are developing partnerships to launch LTE-based
connected cars over the next few years. For instance, Audi has announced
the launch of the Audi S3 Sportback car in Europe in 2014 with an
embedded Gemalto (News - Alert) LTE module. Similarly, AT&T and General Motors have
signed a deal to launch LTE-based connected cars by the end of 2014 in
the US and Sierra Wireless (News - Alert) has launched an LTE-based connected car M2M
module, which will be operated on Verizon's LTE networks across the US.
Hence, the launch of LTE-based connected cars is an emerging trend being
witnessed in the market.
The report states that one of the major challenges in this market is the
high cost of connected car M2M equipment and services. The cost of
embedding a TCU in a car varies between US$65 and US$270, depending on
the functionality of the TCU and the volume of TCUs ordered. In
addition, many vehicle manufacturers provide connected M2M services for
an annual subscription.
The key vendors dominating this market space are:
Bayerische Motoren Werke (BMW) AG.
General Motors (News - Alert) Co.
Sierra Wireless Inc.
Verizon Telematics Inc.
For more information visit http://www.researchandmarkets.com/research/44x4t6/global_connected
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