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Monetizing Connected Cars

1). Overview The total size of the automotive connectivity market will grow from $7bn in 2017 to $29.2bn in 2023. The scope of this forecast covers cellular telematics hardware, mobile network operator connectivity revenues, revenue derived from reselling connected car data, V2X hardware sales, and Connected Car Services subscriptions. To be clear, many of these are revenues for component providers, cellular operators and some are revenues for car manufacturers themselves, while others still are costs for the insurance and other related industries, which constitutes revenue for car makers. The $29.2 billion figure is the extent of the entire eco-system. The number of drivers using Connected Car Services (CCS) over the period will grow dramatically, however, automakers will have to shift…

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