Connected Car Processor Market to Grow 18.03% CAGR Until 2020

ABI Research forecasts that the revenues from main processors shipped in OEM-installed connected car telematics systems will increase from around $360 million at the end of 2012 to $1.6 billion globally by the end of 2020, a compound annual growth rate (CAGR) of 18.03 percent.

“Leading silicon players are developing scalable processor product…