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

  • January 8, 2016
    LeddarTech receives Frost & Sullivan Product Innovation award
    Based on its recent analysis of the advanced driver assistance systems (ADAS) market, Frost & Sullivan has awarded LeddarTech the 2016 North American Frost & Sullivan Award for Product Innovation.The company markets an innovative time-of-flight optical detection and ranging technology, Leddar, which brings many new capabilities to the table. These include short- and long-range detection capabilities for a variety of automotive and transportation applications, narrow to wide fields of view, low sensitivity t
    Read More
  • May 31, 2013
    Driverless vehicles will cause changes in society
    Paul Godsmark gives his views on what the advent of autonomous vehicles would mean for the wider society. Further to your article ‘Driver not required…’ in the Jan/Feb edition of ITS International which gave some great background to autonomous road vehicle (ARVs), I feel that the bigger picture is needed to aid understanding. There is a ‘technology freight train’ heading our way that is going to transform our roadways but we don’t seem to be aware of it and, therefore, are in no hurry to react.
    Read More
  • June 22, 2017
    Consumers want in-vehicle technology but willingness to pay for it varies, says survey
    A new global survey on consumer preferences for automotive technology finds more consumers want advanced technology in their next new vehicle. However, their willingness to pay for technology demonstrates a wide variety of viewpoints from consumers across leading global markets, says the survey from business information provider IHS Markit
    Read More
  • February 1, 2012
    Time for a rethink on road user charging
    There is no value in further US VMT charging trials, except to delay the inevitable. These trials should end after completion of the University of Iowa's National Evaluation of a Mileage-based Road User Charge. There is far greater promise in unleashing private operators to commence profitable, non-tolling services, then using these for toll assessment and collection as fuel distributors are currently used to collect fuel taxation. Bern Grush writes
    Read More

Highlighted Content