DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zls99k/automotive) has announced the addition of the "Automotive Telematics Market by Services, by Type, Vehicle Type, and Region - Global Trends and Forecast to 2019" report to their offering.
The automotive telematics market in terms of value is projected to grow $45 Billion by 2019, at a healthy CAGR of 35.54% between 2014 and 2019
Telematics is a communication technology that works on data transfer from one vehicle to another vehicle or device via wireless networks. Telematics technologies have the potential to convert vehicles from just a simple mode of transportation to moving information stations.
Additionally, this technology transforms the OEMs from mere producer of automobiles into data stations. The demand for connected vehicles is accelerated by functional developments such as collision warnings or remote maintenance that provide safety and comfort to the driver and passengers. Also, with the decreasing cost of operation between physical and virtual world, the vehicles are becoming data stations, which provides individuals and organization with an uninterrupted stream of timely information.
The telematics service in automotive industry started in late 1990s and is constantly innovating with changing times. The telematics market is highly adapted in North American and European region and will soon be seen in most of the developing markets of Asia-Oceania and South America. The automotive telematics market is estimated to grow rapidly in all major developing countries as well as developed countries which essentially indicate high growth potential for telematics services. These services are primarily divided into four major types i.e. safety, information and navigation, entertainment, and remote diagnostics.
- Services (Safety & Security, Information & Navigation, Entertainment and Remote Diagnostics)
- Type (Embedded, Tethered & Integrated)
- Vehicle Type (Passenger Car, HCV and LCV)
- Agero Inc
- Airbiquity Inc
- At&T, Inc.
- Continental Ag
- Delphi Automotive Plc
- Intel Corporation
- Magneti Marelli S.P.A
- Mix Telematics
- Robert Bosch Gmbh
- Verizon Communications Inc
- Visteon Corporation
For more information visit http://www.researchandmarkets.com/research/zls99k/automotive