Connected Cars in the Next Decade: 4 Numbers Everyone Should Know
Interested in investing in connected and driverless cars? Here are four numbers you should be familiar with.
Many tech and auto companies believe that connected cars are destined to conquer the roads soon and pave the way for self-driving cars to replace human drivers. To better understand this fledgling industry, let's highlight four key numbers investors should be familiar with.
75% of all shipped cars by 2020
The percentage of new cars shipped with Internet connectivity will rise from 13% in 2015 to 75% in 2020, according to BI Intelligence. Research firm McKinsey estimates that connected cars could account for 22% of all vehicles on the road (not just new cars) by 2020, up from 10% in 2015.