According to Infonetics Research, LTE 4G will be the fastest-growing cellular technology in cars, expanding 135 percent annually between 2014 and 2018. A major boon will come from AT&T’s agreement with GM to deploy LTE for the OnStar service.
The report also noted that partnerships between M2M service providers such as AT&T and China Mobile are improving with automotive brands including GM, BMW, and Tesla which are making significant investments in connected car programs to differentiate themselves.
Some service providers are seeing as much as 90 percent of their machine-to-machine (M2M) revenue generated from the connected car segment.
North America is the foundation of the global connected car business, accounting for 37 percent of global service revenue in 2013; Europe and Asia will be fast-growing regions.
With sizeable auto markets and large land areas, countries like the U.S. and China are ideal for connected vehicle services.