The next 3 years, the scale of China's car networking market will be more than 200 billion yuan

The sustained and stable growth of China's automobile industry has brought a broad market for the Internet of things. Data show that in 2016 1 - in November, passenger car sales were completed and the 21 million 678 thousand, an increase of 15.6% over the same period last year, compared with the first 10 months of this year, production and sales growth were increased by 0.3% and 0.2%.
2015, the number of vehicles equipped with the world's pre loading networking equipment for 17 million 500 thousand, is expected to reach 75 million units by 2023. 2015 China car networking market is expected to exceed 150 billion yuan, in 2020, the car will have Internet access function of 90%. The next 3 years, China's car networking market will be more than $200 billion.
Penetration, in 2016 was estimated at 27%, is expected to reach 67% by 2023. Among them, the Chinese market penetration in 2016 was 19%, is expected to reach 67% in 2023, becoming the world's largest vehicle networking market.
(source: China investment consulting network, 2016-12-28)