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Global automotive embedded telematics market: 35.8% CAGR forecast between 2012-16
Global Automotive Embedded Telematics Market 2012-2016 - a new market research report on 2014-04-17 07:19:01
The Global Automotive Embedded Telematics market is to grow at a CAGR of 35.81 percent 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 manufacturer´s automotive embedded telematics equipment. However, the high cost of automotive embedded telematics could pose a challenge to the growth of 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.
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.
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.
The key vendors dominating this space include Bayerische Motoren Werke AG, Ford Motor Co., General Motors Co., and Toyota Motor Corp.
The OEM vendors mentioned include Audi AG, Chrysler Group LLC, Daimler AG, Fiat S.p.A, Honda Motor Co. Ltd., Hyundai Motor Co., Nissan Motor Co. Ltd, Peugeot S.A, Volkswagen AG, and Volvo AB.
The telematics service providers mentioned are Airbiquity Inc., ATX Group Inc., Connexis LLC, Hughes Telematics Inc., and WirelessCar AB.
The automotive suppliers mentioned are Continental AG, Delphi Automotives plc, Denso Corp., Harman, Magneti Marelli S.p.A., Robert Bosch GmbH, and Visteon Corp.
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