Forecasted Connected Hardware revenues in European countries in 2018

This statistic shows a comparison for forecasted revenues in European countries in 2018. According to the Digital Market Outlook, Connected Hardware revenues are estimated to amount to 1,5 million U.S. dollar in Latvia.

Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets.

Forecasted Connected Hardware revenues in European countries in 2018 (in million U.S. dollars)

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Supplementary notes

The Connected Car market includes the one-time purchase of hardware which enables vehicles to network in various ways, as well as regularly collected fees for various services. A car is considered "connected" as soon as it is equipped with hardware which enables internet connection, thus creating the basis for communication of the vehicle with other connected cars, smartphones, and the environment.

The connected hardware ranges from simple telematics for gathering, sending, and receiving limited amounts of data to products that enable extended use of internet connectivity and infotainment offers.

The individual services are divided into vehicle-related services such as maintenance and diagnostics as well as infotainment services such as navigation services or media streaming.

Please klick the links for more detailed market definitions or visit the Digital Market Outlook.

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