Automotive Telematics Market: Size, Share, Growth Drivers, Trends & Challenges
According to Goldstein Research global automotive telematics market report; about 28% of new car customers prioritize car connectivity features over other conventional car features such as engine power or fuel efficiency, and 13%in developed countries would not even buy a car that is not connected to the internet today.“Global Automotive Telematics Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
According to Goldstein Research global automotive telematics market report; about 28% of new car customers prioritize car connectivity features over other conventional car features such as engine power or fuel efficiency, and 13%in developed countries would not even buy a car that is not connected to the internet today.“Global Automotive Telematics Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
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5.3. Global Smart Transportation <strong>Market</strong> Opportunity, 2016-2024<br />
Faster Networks<br />
Greater<br />
Smartphone and<br />
Tablet<br />
Integration<br />
Application<br />
Programming<br />
Interface<br />
Yard Navigation<br />
Source: Goldstein Research<br />
Fig: 5-4 12 <strong>Telematics</strong> <strong>Trends</strong> and Technologies<br />
Fig: 5-5 Thailand Road Accidents in Millions, 2015-2016<br />
XX Million<br />
2015<br />
Video<br />
Photo Reporting<br />
Direct<br />
Connections with<br />
Customers<br />
Social Media<br />
Integration<br />
OEM/Factory-Fit<br />
<strong>Telematics</strong><br />
Improved<br />
Prognostics for<br />
Vehicle<br />
Maintenance<br />
Addressing Hours<br />
of Service<br />
Compliance<br />
Adoption by<br />
Small Businesses<br />
XX Million<br />
2016<br />
In revenue terms, Goldstein Research estimates the overall<br />
market that will be three times larger in 2024 than it was in 2016,<br />
comprising<br />
‣USD XX billion from in-vehicle<br />
Download<br />
services,<br />
Full<br />
such<br />
Sample<br />
as traffic<br />
information, call centre support and web-based entertainment<br />
‣USD XX billion from the sale of hardware, Report such as telematics<br />
control units<br />
‣USD XX billion from the delivery of telematics services, such as<br />
customer relationship management<br />
‣USD XX billion from the provision of connectivity, such as<br />
mobile data traffic<br />
Fuelled in part by growth in the deployment of smartphone<br />
integration systems, in-car infotainment services, such as news,<br />
weather, social networking and music streaming, will be very<br />
popular, supported by XX million cars sold in 2024 compared<br />
with XX million in 2016<br />
<strong>Growth</strong> in navigation services is set to be slightly slower,<br />
shipping in XX million cars by 2024, compared with XX million in<br />
2016, according to the forecasts. Its is expected vehicle<br />
management applications, such as remote diagnostics and<br />
maintenance, to be supported by XX million cars sold in 2016,<br />
compared with XX million in 2015. Goldstein Research anticipates<br />
that these services, which rely on embedded systems, will not<br />
see the same level of demand from consumers as infotainment<br />
and navigation systems.<br />
Source: XXXX
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