systems seems like a logical step especially in fast growing markets like China.
For service
providers looking to expand to markets that have yet to reach maturity, China and other
developing markets(especially in Asia-Pacific) provide an ample scope of opportunities in the
future.
The EV(Electric Vehicle) segment is one more segment which experts believe will drive the
market for consumer telematics. EVs(Electric Vehicles)which have been touted as the next bigthing in the automobile market, may not quite have reached the expected levels of market
penetration but experts and automobile majors alike are still very optimistic about the future of
this segment. The EVs already have a built-in central controlling unit , which controls all of the
systems in the vehicle including battery load indicator, rpm etc..., and an embedded telematics
system which can provide data-connectivity and also serve as a multi-purpose engine diagnostic
system, and a built-in infotainment system can be added to this. Many still believe that the
concept of e-cars with smart-grid system, is not too far away from us, it is quite clear that
consumer telematics has a huge role to play in the future of EV segment.
Global Consumer Telmatics Market Share-By End User Industry (%), 2013
Fleet Management
GPS Navigation & ITS
Auto Insurance(UBI)
Customer Services
Data Services
Auto Infotainment
Hardware
Source: IndustryARC Analysis
As a healthy growth has been forecasted for the consumer telematics industry, it has generated a
lot of interest in the automotive, tele-communications and information technology segments to
gain a foot-hold in this market and many of the major players in these industries are either
investing into the R&D of their own telematics platform or are collaborating with already
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