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Europe vehicle telematics market: Venture capitalists to promote innovations
Strategic Comparative Analysis of European and North American Commercial Vehicles Telematics Market - a new market research report on 2014-04-24 08:31:02
The consolidation trend in the North America and Europe vehicle telematics market will continue and is expected to see changes by 2015 in both the regions. Venture capitalists will assist consolidation and promote innovations at a faster pace.Vehicle manufacturers increase their presence in the telematics market in Europe by introducing standard fit telematics boxes in commercial vehicles (CVs). In North America vehicle manufacturers are partnering with aftermarket vendors to offer and develop solutions.Features in vehicle management, driver behavior, and order management are likely to see increased opportunities as fleet managers look for higher return on investments and better fuel cost management.Regulatory mandates across both regions are paving the way for telematics. Value chain participants will also focus on product development and promote products that are regulation complaint. Impact of electronic on-board recorder (EOBR) and compliance, safety, and accountability (CSA) 2010 is high in the North American medium- and heavy- duty segment. eCall will have a high impact in the light CVs in Europe.
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