Automotive Telematics: Market Research Report 2015-2019
About automotive telematics
Automotive telematics is defined as an integrated usage of information and telecommunication, allowing the information to be sent and received automatically from vehicles. It is a system in which electronic devices communicate with other electronic devices through a connected network.
Telematics use telecom equipment to send, receive, and store information in a vehicle. The connectivity can be machine-to-machine or machine-to-human. This technology is used primarily for tracking and communication. It can be either integrated with other systems of the vehicle or used separately using mobile applications.
A major telematics service is General Motors’ OnStar, having features such as providing turn-by-turn navigation, hands free calling, remote diagnostics, automatically alerting the operator in case of an accident, and road side assistance.
Technavio's analysts forecast the global automotive telematics market to grow at a CAGR of 23.37% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global automotive telematics market for the period of 2015-2019. To calculate the market size, the report considers the unit sales and revenue generated through the sales of OEM embedded telematics.
Based on services, the market is divided into the following segments:
Technavio Announces the Publication of its Research Report – Global Automotive Telematics Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Automotive Telematics Market: Agero, Aribiquity, Continental and Verizon
Other Prominent Vendors in the market are: AT&T, Bynx, Connexis, Ericsson, Fleetmatics Group, GM, Luxoft, Marelli, Mix Telematics, Octo Telematics, PTC, Bosch, TeleCommunication Systems, TELENAV, Telogis, TomTom International, Valeo, Vodafone, and WirelessCar.
Commenting on the report, an analyst from Technavio’s team said: “Connected cars, the latest buzzword in the market, are gaining importance among both consumers and automobile manufacturers. They have telematics, mechatronics, and artificial intelligence to interact and connect with the environment to offer more comfort; safety and security; entertainment; and a connected experience for the user. They are equipped with a WLAN hotspot, social media applications, Internet facilities, and entertainment devices.”
According to the report, the demand for built-in connectivity and telematics in automobile has led to technological improvements, which aim at enhancing the overall in-vehicle experience of the passengers and drivers. With consumers habitually interacting with their personal mobile devices, they expect the same experience from their in-vehicle entertainment and information systems, especially with respect to user interface.
Further, the report states that high cost of automobile-embedded telematics is hindering the market growth.
Agero, Aribiquity, Continental, Verizon, AT&T, Bynx, Connexis, Ericsson, Fleetmatics Group, GM, Luxoft, Marelli, Mix Telematics, Octo Telematics, PTC, Bosch, TeleCommunication Systems, TELENAV, Telogis, TomTom International, Valeo, Vodafone, WirelessCar.