In-Vehicle Connectivity to Propel New Growth Opportunities for OEMs in Latin America
December 5, 2016 | Frost & SullivanEstimated reading time: 1 minute
Latin America (LATAM) will have over 8.5 million connected cars on the road by 2023. Increasing in-vehicle connectivity to enable value-added services, infotainment and next-generation human-machine interface features will encourage partnerships across the value chain that offer connected solutions. This, in turn, will propel the penetration of connected car solutions and drive innovation and novel revenue streams across the region.
“The automotive value chain is looking to value-added, real-time remote services; vehicle diagnostics; emergency and crash assistance; and concierge services to influence consumer loyalty and build revenue streams,” said Frost & Sullivan Intelligent Mobility Program Manager Yeswant Abhimanyu. “Original equipment manufacturers (OEMs) are shifting to a free trial and renewal subscription business model to attract customers and edge out competition.”
"The OEM Strategies for Connected Cars in LATAM by 2023" analysis forms part of Frost & Sullivan’s Automotive & Transportation Growth Partnership Service program. This includes topics such as In-Vehicle Infotainment (IVI) systems, application interfaces and automotive application stores, human-machine interface options, safety, security and vehicle relationship management (vRM)-based telematics services, wireless technologies, cooperative systems (V2X) communication, and vehicle active/passive safety and automation.
Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders.
Smartphone 2.0, next-generation connected infotainment services focusing on smartphone mirroring, and the availability of application stores are growing trends. Volkswagen, Hyundai, GM, and Ford are examples of OEMs offering these solutions. Availability differs by country, but by 2023 these next-generation systems will reach all countries and vehicle models.
“Mobility, safety, and health, wellness and wellbeing are areas the automotive value chain should concentrate on to offer diversified, value-added solutions,” added Intelligent Mobility Industry Analyst Thales Jurado. “These sectors provide tremendous opportunities to innovate with new services, revenue streams, cost optimization, value additions, and business models.”
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Suggested Items
CACI Awarded $1.3 Billion Task Order to Provide Communications and Information Technology Expertise
04/26/2024 | CACI International Inc.CACI International Inc announced that it has been awarded a five-year task order worth a total estimated value of $1.3 billion to provide communications and information technology expertise to U.S. European Command (USEUCOM) and U.S. Africa Command (USAFRICOM).
Koh Young Showcases Award-winning Inspection Solutions at SMTconnect with SmartRep in Hall 4A.225
04/25/2024 | Koh Young TechnologyKoh Young Technology, the industry leader in True 3D measurement-based inspection solutions, will showcase an array of award-winning inspection and measurement solutions at SMTconnect alongside its sales partner, SmartRep, in booth 4A.225 at NürnbergMesse from June 11-13, 2023. The following offers a glimpse into what Koh Young will present at the tradeshow:
Determining the Value-add of Box Build
04/24/2024 | Nolan Johnson, I-Connect007At a strategic level, adding box-building services makes sense for customer loyalty. But is it really that simple? Jon Schmitz, who manages customer engagement at RiverSide Integrated Solutions, talk about about what it really takes to be successful in offering EMS and final assembly services under the same company banner.
Saab Launches New Initiative to Shape the Future of Defense and Security
04/24/2024 | SaabSaab announces the launch of Skapa by Saab, a new initiative to accelerate the development and deployment of cutting-edge technologies and solutions.
LPKF Extends Contract of CEO Klaus Fiedler until 2028
04/24/2024 | LPKFThe Supervisory Board of LPKF Laser & Electronics SE has decided to extend the contract of Dr. Klaus Fiedler as CEO until 31 December 2028. "Under the leadership of Klaus Fiedler, LPKF has undergone some extensive transformation since he joined just over 2 years ago.