Commercial telematics gains traction in emerging markets
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An increase in vehicular crime and rising demand for commercial telematics is driving growth of technology in emerging markets such as China, Russia, Japan, Korea, and India, according to Reportlinker.
Several governments are enforcing stringent regulations and making mandatory the provision of theft protection systems. For example, the Brazilian government has made it compulsory for stolen vehicle tracking to be installed as standard on all new vehicles due to high crime rates in the nation.
Navigation services and vehicle to vehicle (V2V) communication are seeing a lot of growth; however, the researchers argue traffic information is being bolstered by demand in many regions across the globe where the service is being considered a necessity. Audi and BMW have rolled out TPEG IP, next generation traffic information services provided via a cellular channel in Europe, while, Ford and Toyota have rolled out navigation systems utilising traffic information over a cellular network in the US.
Reportlinker is providing access to a report on commercial telematics that examines the market on the basis of solutions, services, and types. The report provides projections for market values over the next half decade (2015–2020). The report takes into account certain global assumptions such as political, economic, social, technological and economic factors. The report also provides profiles of ten major players in this market.
You can find out more here.
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