Next Battlefield: Global IT Giants Eyeing Smart Car Market

According to market research firm Strategy Analytics, the market is estimated to reach approximately US$274 billion in size by 2017, and the ratio of electronic components to vehicle manufacturing costs is expected to amount to 40 percent in 2015 and 50 percent in 2020.
“It is said that those dominating the smart car market will hold a dominant position in the global IT market in the future,” said an industry expert, adding, “It is only a matter of time that electronics companies like Samsung Electronics and LG Electronics enter the smart car industry on a full scale.”