Mexican Media Brands
Telematics Market to Reach $45 Billion by 2019
Worldwide demand for automotive telematics systems and services will grow at an annualized 36% over the next five years to reach $45 billion in 2019, according to a new report from Dallas, Tex.-based Markets and Markets.
#economics
Share
Worldwide demand for automotive telematics systems and services will grow at an annualized 36% over the next five years to reach $45 billion in 2019, according to a new report from Dallas, Tex.-based Markets and Markets.
The $4,650 analysis predicts rapid growth in embedded vehicle connectivity systems in all developing and developed countries, led by China, India, Japan and South Korea.
The report also says sustained market growth will depend on upcoming legislation in such markets as Brazil, the European Union and Russia that aim to create standards and regulations for telematic systems.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.