Intelligent CIO Europe Issue 02 | Page 95

////////////////////////////////////////////////// INTELLIGENT VERTICAL: TRANSPORT IN-CAR WI-FI MARKET GROWING AT 27.63% CAGR BETWEEN 2018–22 A recent report titled In-Car Wi-Fi Market 2022 revealed that the wide range of data plans offered to motorists for Wi-Fi services is making car Wi-Fi more popular, causing the global market to expand. I n-Car Wi-Fi Market 2022 is an automotive research report included in ReportsnReports.com. The analysts forecast the global in-car Wi-Fi market to grow at a CAGR of 27.63% during the period 2018-2022. Main companies are AUDI, BMW, Daimler Group, FCA, Ford and General Motors. The in-car Wi-Fi market report considers the revenue garnered by the providers of car Wi-Fi technology to customers of cars with car Wi-Fi technology globally. Commenting on in-car Wi-Fi, the market report states that the latest trend gaining momentum in the market is OTA updates for software components. In recent years, the electronic components in cars have increased exponentially. This is due to the www.intelligentcio.com increased installation of driver assistance and safety features in automobiles. With the advent of IVI and connected car technology, the complexity has further increased in automobiles. Thus, electronic hardware, software and applications are the most crucial parts of today’s automobile. According to the Global In-Car Wi-Fi Market 2018–2022 report, one of the major drivers for this market is wide range of data plans for car Wi-Fi to suit individual needs. The telecom network providers have long been in a battle against each other to provide unlimited data plans at the best price. The automotive OEMs seem to have jumped in the race too; General Motors, Ford and Subaru offer unlimited data plans for in-car Wi-Fi usage. “ WITH THE ADVENT OF IVI AND CONNECTED CAR TECHNOLOGY, THE COMPLEXITY HAS FURTHER INCREASED IN AUTOMOBILES. INTELLIGENTCIO 95