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

For more information on companies in this article

Related Content

  • Let the market decide on green technologies - Global Automakers
    May 21, 2012
    “To encourage wider deployment of green technologies, including innovations that our members have on display at the Washington Auto Show this week, the government should not pick winners and losers but let the marketplace decide,” said Global Automakers’ president and CEO Michael J. Stanton, whose association represents 15 international automobile manufacturers.
    Read More
  • Securing V2X communications
    June 6, 2016
    Cybersecurity developments are moving fast in the automotive sector, but they’re a significant hurdle for the roll-out of C-ITS applications. Jon Masters reports. In the wake of the high-profile hacking of the Jeep Cherokee and problems like the flaw in the Nissan Leaf’s companion app that could compromise the security of data about recent journeys, initiatives linked to vehicle cybersecurity seem to be moving rapidly.
    Read More
  • China’s OEMs target domestic telematics market
    April 20, 2012
    The next wave of telematics systems in China will be based on smartphone connectivity, and will harness the power of 3G networks, according to the latest report from Strategy Analytics, “China Domestic OEM Telematics Solutions - Chang'an In Call & Its Local Counterparts.”
    Read More
  • Report on the impact of recession on infrastructure funding worldwide
    May 10, 2012
    A new report examines how aggressive government belt-tightening and financial market deleveraging restrained worldwide infrastructure investments for 2012 and probably for the next five years. In the US, for instance, Infrastructure2012: Spotlight on Leadership, released by the Urban Land Institute (ULI) and Ernst & Young, says that constrained public budgets and a growing recognition at the local level of the importance of infrastructure, combined with lack of action at the federal level, are causing state
    Read More

Highlighted Content