Research and Markets: New Report Reveals: Wave of Innovations and Growing Consumer Adoption Drive the North American Telematics Markets
DUBLIN — Research and Markets
has announced the addition of Frost & Sullivan’s new report “North American IT and Telecom Opportunities in the Vehicle Telematics Markets” to their offering.
This Frost & Sullivan research service titled North American IT and Telecom Opportunities in the Vehicle Telematics Markets identifies crossover issues and market potential for ICT companies in the telematics space. The study covers not only the telematics market infrastructure itself but also the implications for the network and service aspects of the market.
Included are the emerging business models as well as potential for new integrated application and network technologies. In this research, Frost & Sullivan’s expert analysts thoroughly examine the network hardware, software, and applications for the vehicle telematics market.
Market Overview
Wave of Innovations and Growing Consumer Adoption Drive the North American Telematics Markets
Significant technological advances and increasing consumer patronage have contributed to the dynamic evolution of the North American vehicle telematics market. Enhanced consumer receptivity to the interplay between familiar electronic applications and everyday transportation needs engender favorable market conditions.
“Considered a rarely used service until now, telematics has become commonplace, with the introduction of safety-oriented features such as airbag deployment notification, roadside assistance, remote diagnostics, satellite navigation systems, and built-in hands-free wireless calling,” notes the analyst of this study. “Bluetooth hands-free car kits have been well received among consumers as legislation in some U.S. states expressly prohibit the use of mobile phones while driving.” Thus, the need for regulatory compliance along with heightened interest in hands-free features is helping the uptake of telematic applications.
Information and Communication Technology Advances and Opportunities throughout the Value Chain Enhance Market Prospects
The technology trends that are influencing the telecommunications sector have a deep impact on the CV telematics market. Multimodal network architectures, which combine cellular, satellite and WiMax, and long term evolution (LTE) are providing the answers to issues such as costs of telematics services, geographic coverage, and limited data rates.
Telematics solution providers can offer bimodal communications capability using satellite as well as cellular channels when required. “Take rates will increase as new applications ramp up, representing growth and expansion opportunities for a wide variety of IT and service providers partnering or participating in this market,” observes the analyst. “New applications will develop in the areas of audio streaming, navigation, vehicle tracking, Internet access, and wireless charging.”
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Vehicle Type:
- Passenger vehicle telematics
- Fleet telematics (light and heavy commercial vehicles)
By Telematics Application:
- Safety and security
- Remote vehicle systems
- Navigation
- Infotainment and convenience
- Productivity
Technologies The following technologies are covered in this research:
- Wireless devices
- Wireless network access
- GPS/Navigation
- Audio/Video streaming
- Internet
1. North American Vehicle Telematics Market
1. Introduction
2. Market Definition
3. Vehicle Telematics Segment Analysis
4. Overall Trends
5. Europe Trends
6. Market Challenges and Factors Restraining Growth
7. Implications for IT and Telecom Companies