Connected Cars - A Rising Trend In The Global Automobile Sector
Published on 30 Oct, 2015
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Cars with access to the Internet, also known as connected cars, are gaining popularity in the automobile industry.
Its sales are expected to increase at a CAGR of 46% over 2015 – 20 and account for 75% of global car shipments by 2020, driven by increased demand from the young population (aged between 25 and 34 years) as well as higher demand from the North American and Asian regions.
Connected cars provide consumers with several technological advantages such as mobility management, vehicle management, entertainment, driving assistance, and safety features.
To offer these features in cars, automobile manufacturers would need to substantially upgrade their existing technologies and collaborate with mobile network operators.
However, the implementation of these features involves various challenges, particularly cyber security, including unauthorized access and hijacking.