Connected cars will be huge in Asia
Smart, internet-connected cars are expected to take off in the next 10 years, growing from just 7 million shipments last year to roughly 69 million in 2020. But looking at the global landscape, BI Intelligence believes Asian countries will purchase the most connected cars over the next five years.
Based on Scotiabank data charted for us by BI Intelligence, Asia, which has seen car shipments grow substantially in the region over the last 20 years, will be largely responsible for the connected car boom, with 23 million of the 41 million new cars shipped that year having an internet connection. BI Intelligence expects connected car shipments will be affected by several factors, including "increased smartphone penetration, further deployment of cell service, and a declining average selling price for the connected car."
BI Intelligence
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’