DUBLIN--February 16, 2012:Research and Markets has announced the addition of the "Global Telematics Market 2010-2014" report to their offering.
One of the key factors contributing to this market growth is the increasing collaborations between automobile manufacturers and telematics vendors. The Global Telematics market has also been witnessing the emergence of cloud-based services in automobile telematics. However, the increasing popularity of GPS-enabled smartphones could pose a challenge to the growth of this market.
Key vendors dominating this market include Delphi, OnStar Corp., BMW, and MiX Telematics.
TechNavio today launched its report Global Telematics Market 2010-2014 based on an in-depth study exclusively covering the Americas and the EMEA and APAC regions. The report aids decision makers' understanding of the current and future landscape of this market.
Commenting on the report, an analyst from TechNavio's Telecom team said, Smartphones are quickly taking up the major share of the PNDs and Telematics Systems. These phones have multiple functionalities and also cover the functions of a telematics system. Hence, the growing popularity of smartphones is affecting the market of the Telematics largely and in the coming years may take over the major share of the market for PNDs and also Telematics System.
TechNavio's report highlights that live traffic updates on the roads have made it more lucrative for customers to adopt telematics systems. Hence, automobile giants such as GM, BMW, and Audi are entering into tie-ups with the telematics system vendors to in-build these systems during the manufacturing of the cars. At times the telematics systems are developed by the automobile giants themselves.
Key findings from the report:
- Increasing Need for Minimizing Fuel Consumption and Reduction of Driving-related Problems
- Lack of Flexibility to Merge Different Telematic Applications
- Emergence of Cloud-Based Services in Automobile Telematics
For more information visit Rsearch and Markets Telematics
