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Global Telematics Market 2009-2013
Infiniti Research Limited, Feb 2010, Pages: 20
With improvements in the technology and precision level of the Global Positioning System, the Global Telematics industry is growing rapidly. The increasing focus on road safety and remote diagnosis have been driving this industry for the last few years. Further, the recent focus on global warming and other environmental issues are encouraging the adoption of Green Telematics in commercial applications. In addition, remote diagnosis & vehicle tracking, pay as you drive insurance, and low penetration rate are some of the factors driving the growth of the Telematics market. Moreover, the public authorities and governments around the world are leaning towards Telematics to develop intelligent transportation systems.
The growing population and its effect on road traffic & safety systems in cities are prompting the governments and public authorities, around the world, to develop Telematics based intelligent transportation system. Further, introduction of 3G services and improvement in technology have resulted in the integration of infotainment and Telematics.
However, despite all these favorable factors, certain issues like the current economic slowdown, lack of standards, interoperability and data integration pose a serious challenge for the growth of the Telematics market.
The report by TechNavio Insights forecasts the size of the Global Telematics market over the period 2009-2013. It segments the market into three geographic regions: Americas, APAC and EMEA, representing the market size and forecast for each of these regions. Further, it discusses the key market trends, drivers and challenges of the Global Telematics market, and profiles some of the key vendors of
this industry.
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