Though the earlier models used
network connectivity through aftermarket devices, most of the newer vehicles
come with inbuilt ones.
According to IDC, the number of connected vehicles will rise over 45% this year to 51.1 million units. By recording an estimated compound annual growth rate of 16.8%, connected vehicles shipments are forecast to touch as much as 76.3 million units by 2023.
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Research manager, Next-Generation
Automotive Research, Matt Arcaro said, “The automotive ecosystem is positioning
the vehicle as the next, emerging digital platform. Deploying embedded or
aftermarket connectivity at scale will be key to unlocking its potential.”
IDC attributes a number of factors for the sustained growth of connected vehicles. These include higher customer demand for a more immersive vehicle experience, progressive government regulations, higher investments into connected services and automakers’ ability to better utilize them for revenue generation.
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