7 Pages
English

Rising Prevalence of Smart Cities Spawn a Huge Market for Smart Vehicular Technology in the U.S., Finds Frost & Sullivan

Gain access to the library to view online
Learn more

Description

Rising Prevalence of Smart Cities SpawnRising Prevalence of Smart Cities Spawn a Huge Market for Smart Vehicular Technology in the U.S., Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Nov. 14, 2013 -- By 2020, 90 percent of new cars to have some form of in-vehicle connectivity There is a palpable reorientation of purchasing habits among American citizens as the country continues its march toward urbanism. In the future, 85 percent of the country's population is anticipated to live in urban areas, while North America could see the emergence of three Mega Cities, 11 Mega Regions, and seven Smart Cities by 2025. One of the biggest gainers of this massive-scale urbanization is the automotive industry, particularly autonomous driving technologies, as there will be high demand for increased connectivity among vehicles and roadway infrastructure for better road safety. In addition, people over the age of 65 will account for 20 percent of the population and constitute one of the largest consumer groups with specific transportation needs. Recent analysis from Frost & Sullivan (http://www.automotive.frost.com), New Mega Trends in the US Automotive Sector, analyzes 10 emerging Mega Trends taking into account new population patterns and purchasing habits. These Mega Trends will drive growth and innovation in the field of mobility in the United States, and this analysis provides insights into the business opportunities that arise from these trends.

Subjects

Informations

Published by
Published 14 November 2013
Reads 2
Language English
Rising Prevalence of Smart Cities Spawn a Huge Market for Smart Vehicular Technology in the U.S., Finds Frost & Sullivan

PR Newswire

-- By 2020, 90 percent of new cars to have some form of in-vehicle connectivity