Germany might be the home to Mercedes, Volkswagen, BMW, and Porsche, but its grasp on the connected car market could be described as homely.
Research by LSP Digital and data from Statista shows that just 4 percent of the world’s connected car startups are headquartered in Germany. On the opposite end of the spectrum is the U.S., which is home to a robust 55 percent of connected car startups. It’s also worth noting that India accounts for 8 percent of these fledgling businesses.
LSP Digital and Statista collected their information from a sampling of 250 startups. The most common connected car segment that the companies were involved in was connectivity, followed closely by the diagnostics and maintenance solutions segment. The mobility management segment and safety and driving segment were nearly the same in terms of popularity. The least common response was in-car content and services with just 10 percent claiming to be involved in the segment.
Statista expects all of these segments to continue to grow through 2020, though the safety and driving segment is expected to be far and away the most popular by the end of that period. The company forecasts there to be 31.8 million connected cars in 2020.