Huge Demand for Consumer Telematics

-

 

Get Sample PDF

Consumer telematics are communication technologies and services enabling transfer of large amounts of data in and out of passenger vehicles in real-time. This provides consumers in-vehicle services, global positioning System (GPS) navigation, traffic information, local search (for example, for petrol pumps / gas stations or restaurants) and concierge services. Passenger cars manufactured today offer unique connectivity solutions for better monitoring and tracking. The market is driven by amplified market penetration of smart phones, supportive governmental regulations which call for higher safety and security measures, growing demand for superior driving experience, lowered connectivity cost, and high speed internet technologies such as Long-Term Evolution (LTE).

The Global Consumer Telematics market, is expected to grow during the forecast period, i.e. 2014-2020, with a CAGR of 33.7%. Consumer telematics includes passenger cars. Technology agreements and collaborations are the key strategies adopted by the market players to enhance their market share. Based on type of telematics, the market is segmented into Automotive Original Equipment Manufacturers (OEM) and Aftermarket. The traditional automotive OEM emphases on traffic safety while aftermarket highlights media, entertainment and other personalized services.

Currently, Aftermarket has a relatively high market share as compared to Automotive OEM. Vehicle manufacturing companies, in alliance with telematics providers can lead to high growth of Automotive OEM segment.

Get Sample PDF


Comments

Post a Comment

Popular posts from this blog

For knowing more Luxury Goods

-
Image
  Luxury goods include designer apparels, ornaments, and other expensive merchandises that are typically accessible to the wealthy and often indicate status. The global luxury goods market is expected to reach $428,509 million by 2022, registering a CAGR of 3.8% during the forecast period. Get PDF Brochure The rise in disposable income has elevated the consumer lifestyle and shifted their preference towards deluxe cosmetics products. Moreover, the escalation in demand for luxury accessories and jewelry due to unique craftsmanship, refinement, quality, and brand name, further fuel the market. In addition, upgradation in product packaging styles and attractive marketing strategies by key players drive this market. However, currency depreciation, increased prices of raw materials, and economic turbulence in some developed countries could hamper the market growth. This market is segmented on the basis of product type, mode of sale, gender, and geography. The product type segment includ...
Read more

Latest Innovation Knocking-in Travel Pillow

-
Image
  Travel pillows are used during the journey to provide a relaxing experience to the traveler. These pillows provide comfort to the traveler while sleeping during the journey and are made up of soft materials and are stuffed with fibre fills, which provide more comfort to the traveler.  Get Sample PDF @ https://www.reportsweb.com/inquiry&RW00014327722/sample?utm_source=social&utm_medium=10300            The increase in the necessity for comfortable and luxurious mobility vehicles has increased the demand for the travel pillow market. The slim back designs, easy to inflate and deflate, lightweight nature as well as portability are driving the growth of the travel pillow market. The increase in tourism, as well as the rising travel sector, has led to the availability of various kinds of transportation facilities which will boost the demand for the travel pillow market. #TravelPillow
Read more

Booming Growth in Air Compressor

-
Image
Air compressors supply and monitor air/gas for various industrial and non-industrial activities. They facilitate the gas transfer process in numerous industries across automobiles, food & beverages, air blast circuits, chemical plants, pharmaceuticals, oil extraction, transport, and many more. The advent of energy efficient air compressors, which are available in portable models, are largely being adopted across numerous industrial activities. The development of recent air compressors, which reduce the maintenance costs, are well received by numerous buyers from different industries. The air contamination due to oil lubrication and noisy operations of oil-free compressors is a major area of concern, limiting the adoption of air compressors. Get Sample PDF  The market is segmented on the basis of type, product design, lubrication method, and geography. The type segment includes portable and stationary air compressors. The convenience of portable air compressors is driving its of...
Read more