Gartner has Updated its Forecasts
Gartner has updated its forecasts for the number of IoT devices in use in enterprises and the automotive industry (including connected cars) to 5.81 billion in total by the end of 2020 and issued some market-specific forecasts out to 2028.
Gartner estimates by 2028, 88 percent of consumer vehicles worldwide will have an OEM installed connection, up from 49 percent in 2019, and that increasing urban congestion will see more connected tolling infrastructure resulting in 95 percent of urban vehicles having an in-vehicle toll device at saturation.
By 2028 Gartner is tipping the consumer market for connected cars to outstrip all others. It put this total addressable market at $US180b, treble any of the three next largest markets: connected aircraft management, manufacturing process automation and indoor surveillance, each of which sits around the $US60B market in Gartner’s forecasts.
When the commercial connected car market (~$US50b) is added to the consumer connected car market the total addressable connected car market in 2028 would be worth some $US230b in Gartner’s estimates
