Global automotive embedded telematics market report

Research and Markets latest report, Global Automotive Embedded Telematics Market Report, forecasts the global automotive embedded telematics market to grow at a CAGR of 35.81 per cent over the period 2012-2016. The increasing global demand for telematics is one of the key factors contributing to the growth of this market. T he global automotive embedded telematics market has also been witnessing a decrease in the average price of original equipment manufacturers’ automotive embedded telematics equipment.
April 24, 2014 Read time: 2 mins
7527 Research and Markets latest report, Global Automotive Embedded telematics Market Report, forecasts the global automotive embedded telematics market to grow at a CAGR of 35.81 per cent over the period 2012-2016.
The increasing global demand for telematics is one of the key factors contributing to the growth of this market. The global automotive embedded telematics market has also been witnessing a decrease in the average price of original equipment manufacturers’ automotive embedded telematics equipment. However, the high cost of automotive embedded telematics could pose a challenge to the growth of this market.

The report has been prepared based on an in-depth market analysis with inputs from industry experts and covers the market in the US, Europe, BRIC, and the rest of the world; it also covers the global automotive embedded telematics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Increasing usage of cloud-based telematics is another trend that is expected to influence the global automotive embedded telematics market positively during the forecast period. With the advent of cloud computing technology that offers huge space for data storage, easy access, and security, embedded cloud computing is evolving in automotive telematics.

Providing updated data for navigation systems is becoming a problem; therefore, vendors are moving toward cloud-based telematics such as goggle maps to stay updated. With easy integration and efficient scalability of automotive embedded telematics with cloud computing technology, there is a trend of shifting toward cloud-based telematics.

According to the report, one of the main drivers in this market is the growth of the global telematics market. Rise in the need for connectivity across the globe has a direct positive influence on the demand for automotive advanced systems, thus resulting in an increasing demand for automotive embedded telematics.

Further, the report states that one of the main challenges in this market is the high cost of automotive embedded telematics, which increases the overall cost of automobiles and negatively impacts the global automotive embedded telematics market.
Location Based Systems

Related Content

  • December 4, 2013
    EETS: still struggling to become reality
    Erich Erker, Norbert Schindler, Peter Tschulik from Siemens Electronic Tolling examine the barriers to EETS deployment. Tolling in Europe was introduced to pay for the construction and operation of individual tunnels, bridges and highways and has evolved in major steps. The original manual tolling systems were highly disruptive to traffic flow and required the creation of large toll plazas, with multiple lanes and toll booths to ensure an acceptable throughput. With the introduction of Dedicated Short Range
    Read More
  • October 28, 2015
    When caring about sharing is good business for US automakers
    Although car-sharing and ride-sharing could drastically reduce car sales, David Crawford finds some US automakers are keen to participate in the sharing economy. Growing consumer interest in car- and ride-sharing, as opposed to outright ownership, and ride-sharer Uber’s recently stated intention to make its brand competitive with ownership on cost, are making the major US automotive manufacturers think seriously about their future sales prospects. Some have already begun exploring ways of entering the field
    Read More
  • September 15, 2023
    Software is at heart of safe vehicle connectivity, says Qt Group
    Connected vehicle safety isn’t just under threat from malicious actors exploiting code – it’s also about avoiding software faults that could result in harm to people, says Patrick Shelly of Qt Group
    Read More
  • March 16, 2016
    Parking provision dictates commuters’ modal choice
    Researchers from two American Universities have found the provision of parking spaces can encourage automobile use and increase traffic congestion. It is well understood that increased automobile use is linked to congestion, environmental degradation and negative health and safety impacts. Trials of smart parking technology has shown a reduction in circulating traffic (looking for parking) can ease congestion and that the cost of parking can influence commuters’ modal choice. Now, researchers at the univers
    Read More

Highlighted Content