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Connected Car Industry Expected to Exceed $130B Annually by 2019

Drivers pushing for real-time navigation information.

by on Dec.30, 2016

The technology behind navigation systems providing real-time traffic data will grow to a $131.9 billion business by 2019.

The global connected car market is expected to grow into a $131.9 billion industry by 2019. It will be a separate business, but it will be linked to the auto industry, according to a new report.

The report from Transparency Market Research report, titled “Connected Car Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019,” was reinforced by news from GM China that Shanghai Onstar has more than 1 million customers new across China.

Technology News!

The entry of technology companies, such as Sierra Wireless, Gemalto, Verizon Communications and Microsoft, has intensified the competition in the global connected car market where companies such as Ford Motor Co., General Motors Co., BMW AG, Audi, Mercedes-Benz, Toyota Motor Corp., Hyundai Motor Co. have staked out positions. (more…)