Date of Publication: Nov 16, 2017
This report defines connected vehicles as those that contain software, sensors, and IP-enabled connectivity. Connected vehicles and electric vehicles are the two core strategies for China's car manufacturing industry development. The total market size will grow from US$4.87 billion in 2016 to US$10.5 billion by 2021 at a compound annual growth rate of 16.5%. While traditional car manufacturers and emerging Internet companies and carriers are coexisting in this ecosystem, the market is representing a competitive landscape.