Connected vehicles drive IoT to 25 billion units by 2020
In the next five year period, number of new connected vehicles will increase noticeably making connected cars a major element of Internet of Things (IoT). 4.9 billion connected things will be used in 2015, up 30 per cent from 2014. This will reach 25 billion by 2020. James F. Hines, research director at Gartner says connected cars are a reality, and in-vehicle wireless connectivity expansion taken into its fold luxury models, premium brands, and high volume mid-market cars.
Growing use of in-vehicle digital content in Connected vehicles fuels a requirement for more sophisticated infotainment systems, in turn driving demand for app processors, graphics accelerators, displays and human-machine interface tech. New mobility and vehicle usage concepts create a platform for new business models and car ownership alternatives.
One in five Connected vehicles is expected to use some form of wireless network connection by 2020 creating new opportunities for telematics, automated driving, infotainment and mobility services.