Automotive telematics to grow 35.81% per year through 2016

Research and Markets has announced the addition of the "Global Automotive Embedded Telematics Market 2012-2016" report to its offering.

The analysts forecast the global automotive embedded telematics market to grow at a compound annual growth rate (CAGR) of 35.81 percent over the period 2012 to 2016. The increasing global demand for telematics is one of the key factors contributing to the growth of this market. The global automotive embedded telematics market has also been witnessing a decrease in the average price of original equipment manufacturer's automotive embedded telematics equipment.

The key vendors dominating this space include Bayerische Motoren Werke AG, Ford Motor Co., General Motors Co., and Toyota Motor Corp., according to the report.

The OEM vendors mentioned in the report include Audi AG, Chrysler Group LLC, Daimler AG, Fiat S.p.A, Honda Motor Co. Ltd., Hyundai Motor Co., Nissan Motor Co. Ltd, Peugeot S.A, Volkswagen AG, and Volvo AB.

The telematics service providers mentioned in this report are Airbiquity Inc., ATX Group Inc., Connexis LLC, Hughes Telematics Inc., and WirelessCar AB.

The automotive suppliers mentioned in the report are Continental AG, Delphi Automotives plc, Denso Corp., Harman, Magneti Marelli S.p.A., Robert Bosch GmbH, and Visteon Corp.

Commenting on the report, an analyst from the team said: "Increasing usage of cloud-based telematics is another trend that is expected to influence the global automotive embedded telematics market positively during the forecast period. With the advent of cloud computing technology that offers huge space for data storage, easy access, and security, embedded cloud computing is evolving in automotive telematics. Providing updated data for navigation systems is becoming a problem; therefore, vendors are moving toward cloud-based telematics such as goggle maps to stay updated. With easy integration and efficient scalability of automotive embedded telematics with cloud computing technology, there is a trend of shifting toward cloud-based telematics."

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