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ReportsnReports.com Adds New Report: Automotive Telematics Market 2014-2019: Vehicle Type, Services and Global Trends Analysis [Travel & Leisure Close - Up](Travel & Leisure Close - Up Via Acquire Media NewsEdge) ReportsnReports.com has added, "Automotive Telematics Market by Services (Safety & Security, Information & Navigation, Entertainment and Remote Diagnostics), by Type (Embedded, Tethered & Integrated), Vehicle Type (Passenger Car, HCV and LCV), and Region - Global Trends and Forecast to 2019" - an August 2014 research report spread across 297 pages. According to a release, telematics is an integration of wireless communications, location technology, and in-vehicle electronics and is used for vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-devices (V2D) communication. Using this technology, the information is either generated in the vehicle's control unit and conveyed to back office systems or alternatively, the back office systems display data such as road maps, weather forecasts, stock updates, and many more to the vehicle's control unit. Major components used in this technology are telematics control units (TCU), telematics network operations systems, and wireless communications infrastructure. The main stakeholders of telematics industry are the automotive sector, telematics service providers (TSPs), information technology, and the telecom sector including hardware manufacturers. According to industry experts, many vehicles will continue to have various technological advancements such as integration of smartphones with the vehicle infotainment unit. This is attributed to the trend that embedded solutions will be more appealing and affordable in the near future. Even though this automotive telematics market research projects that all these services will develop over the coming years, some of these services will grow at a faster rate than others, owing to the higher demand of these services. One of such high demand services is information and navigation, which is gaining importance with time. The demand for certain services is set to be driven by legislations such as the regulations for eCall services in the European region. The Automotive Telematics Market in Asia-Oceania is estimated to grow at a promising CAGR. It includes countries such as China, Japan, India, South Korea, and Thailand. The roadblocks for the market are identified as lack of infrastructure, lack of government initiatives, and low levels of awareness in the Asian region. The presence of major European and U.S. automobile manufacturers such as Ford, General Motors, Volkswagen, Audi, and BMW is driving the Automotive Telematics Market in Asia-Oceania. The North American region, largest automotive telematics market in the world, comprises of U.S., Mexico, and Canada. Mexico is an emerging market in this region. The United States New Car Assessment Program (US NCAP) is a flagship consumer information program by the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA). In the coming years, US NCAP will adjust its rating system to reflect improvements in the safety features of U.S. vehicles. This will make it difficult for a vehicle to achieve top ratings unless it is equipped with safety systems, thus encouraging manufacturers to produce vehicles exceeding the minimum federal safety requirements. This is expected to positively affect the Automotive Telematics Market. Also, mandatory regulations related to telematics services will also benefit the market. ReportsnReports.com is an online market research reports library of 450,000+ studies of over 5000 micro markets. More information: reportsandreports.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |