Worldwide shipments of connected vehicles is said to reach 51.1 million units during 2019, a 45.4% increase over 2018 levels says the research firm International Data Corp.
International Data Corp (IDC) said in its first report on the segment, that 76.3 million units of connected vehicles will be shipped worldwide by 2023.
According to Freight Waves, IDC said that by 2023, 70% of all vehicles worldwide will be shipped with factory-installed or “embedded” connectivity.
In the U.S, 90% of all vehicles will be shipped with built-in capabilities. For example, virtually all new General Motors vehicles are being manufactured with connectivity capabilities installed at the factory, said Freight Waves.
The growth of the connected vehicles market is being fuelled by the ability of automakers to utilise the technology for cost avoidance and revenue generation, the effect of evolving government regulations and consumers’ desire for a ‘more immersive vehicle experience,’ the IDC report said.