Tuesday, 6 December 2016

Global Automotive Telematics Market Size, Share, Analysis, Industry Growth and Forecast Research Report 2016-2020 Market Reports Center


Technavio Announces the Publication of its Research Report Global Automotive TelematicsMarket 2016-2020

Technavio recognizes the following companies as the key players in the global automotive telematics market: Agero, Airbiquity, Continental, Verizon Telematics, and Visteon.

Other prominent vendors in the market are: AT&T, Bynx, Connexis, Ericsson, Fleetmatics, GM, Luxoft, Magneti Marelli, Octo Telematics, PTC, Robert Bosch, eleCommunication Systems, TELENAV, Telogis, TomTom International, Valeo, Vodafone Automotive, and WirelessCar.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is reduced dependence on smartphones for applications. Smartphone connectivity to in-vehicle infotainment system has been one of the major drivers of automotive telematics. This is due to end-users’ desire to access smartphones while driving. Automakers have capitalized on this by developing high-resolution and more intuitive HMIs capable of seamlessly integrating with smartphones in automobiles. OEMs have been trying to enter the third-party application service segment. Smartphones have the upper hand over in-vehicle infotainment OS owing to their flexibility.”

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According to the report, one of the primary drivers in the market is regulatory mandates to improve vehicle and passenger safety. Passenger vehicles are the largest installer of telematics systems in the world due to increased demand for vehicle tracking and navigation services in passenger vehicles. Among the services offered by telematics solutions for passenger vehicles, emergency call and stolen vehicle tracking have been the area of focus for many regulatory bodies worldwide.

Further, the report states that one major challenge in the market is data security in telematics industry. Previously, most M2M communications used proprietary protocols or private networks for connectivity. However, increasing demand for connectivity has forced players in the industry to provide Internet connectivity in their offerings. The major focus is on the functional requirements of telematics devices. As a result, the industry has neglected many non-functional requirements of systems, like data security. Currently, there are scenarios where a malware can pass through in-vehicle entertainment and information systems to other in-car networks such as CAN bus. This malware may link the in-vehicle entertainment and information systems to the automobile's critical functions. Therefore, by connecting a laptop or mobile device to the automobile's on-board diagnostic port, hackers can seize control of the vehicle's central functions such as engine and brakes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. 


About Automotive Telematics

The automotive telematics system is a device that deals with communication (sending, receiving, and storing information) regarding the vehicle and other parameters. The telematics system collects information from different on-board sensors such as vehicle speed, braking system, advanced driver assistance systems (ADAS), airbags, transmission control system, and many other systems.

Technavio’s analysts forecast the global automotive telematics market to grow at a CAGR of 24.22% during the period 2016-2020.

Covered in this report 
The report covers the present scenario and the growth prospects of the global automotive telematics market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of OEM-embedded telematics.

The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

Technavio's report, Global Automotive Telematics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• Agero
• Airbiquity
• Continental
• Verizon Telematics
• Visteon

Other prominent vendors 
• AT&T
• Bynx 
• Connexis 
• Ericsson
• Fleetmatics Group
• GM
• Luxoft
• Magneti Marelli
• Octo Telematics
• PTC
• Robert Bosch
• TeleCommunication Systems
• TELENAV
• Telogis
• TomTom International
• Valeo
• Vodafone Automotive
• WirelessCar

Market driver 
• Regulatory mandates to improve vehicle and passenger safety.
• For a full, detailed list, view our report 

Market challenge 
• Regulatory mandates to improve vehicle and passenger safety.
• For a full, detailed list, view our report 

Market trend 
• Shared data plans to reduce the number of data subscriptions per user.
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors? 


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