European Region Is Showing Huge Market Potential For The Adoption Of Connected Car – Site Title
The global connected car market is expected to grow from $25,263.3 million in 2014, and reach $137,780.8 million by 2020, growing at a CAGR of 26.9% during 2015 – 2020. The global connected car market, comprising sensors, processors, wireless & cellular modules, fleet manager, OEM services and aftermarket services is driven by the availability of fast and advanced communication & connectivity solution. With the enhancement for safer driving experience fueled with favorable rules & regulations in different countries would also favors the growth of connected car market across various geographic regions.
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