2014-04-22 05:35:02 - Global Telematics Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Telematics market is to grow at a CAGR of 22.67 percent CAGR percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing awareness of road safety. The Global Telematics market has also been witnessing increased adoption of the voice recognition feature in telematics systems. However, downward pricing pressure could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Telematics market is the increasing demand for automotive infotainment. Another trend being witnessed in the market is the increasing demand for automotive infotainment. The Global Automotive Infotainment market is growing at a significant rate, leading to the increasing demand for telematics. The increase in
global vehicle production and increased usage of infotainment devices would play a vital role in the growth of the Global Telematics market. Infotainment devices are used for communication, entertainment, and navigation and this will further influence the demand for telematics devices, which will lead to increased market growth.
One of the main factors driving the market is the increasing sale of automobiles. Currently, the telematics technology is primarily used in the Americas and the countries of Western Europe. However, the technology is expected to witness growing popularity across all geographies in the coming years.
One of the main challenges is the increasing design complexity. As applications of automotive embedded telematics are increasing, the complexity in design to manage these applications is also increasing.
The key vendors dominating this space include BMW AG, Ford Motor Co., General Motors Co., Toyota Motor Corp., Delphi Automotive plc, Robert Bosch GmbH, Continental AG, WirelessCab AB.
The other vendors mentioned in this report are Airbiquity Inc., ATX Group Inc., Audi AG, Auto Locator Inc., Auto Page Inc., Autonet Group, Bayerische Motoren Werke AG, Cesar Satellite, Chrysler Group LLC, Connexis LLC, Cobra Automotive Technologies S.p.A, Continental AG, Daimler AG, Delphi Automotives plc, Denso Corp., Directed Electronics Inc., Fiat S.p.A, Ford Motor Co., General Motors Co., Harman, Honda Motor Co. Ltd., Hughes Telematics Inc , Hyundai Motor Co., LoJack Corp., Magneti Marelli SPA, MiX Telematics Ltd., Motolingo Inc., Nissan Motor Co. Ltd., Octo Telematics S.p.A, Peugeot S.A., Robert Bosch GmbH, Trafficmaster plc, TomTom NV, Toyota Motor Corp., ViaSat Inc., Visteon Corp., Volkswagen AG, Volvo AB, WebTech Wireless Inc., and WirelessCar AB.
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