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Consumer Telematics Hardware And Services Revenue Will Reach 41 Billion Dollars By 2013

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by Staff Writers
London, UK (SPX) Mar 28, 2008
After several years of moderate growth, consumer telematics solutions are expected to become very popular in the future as drivers start to appreciate the advantages of GPS and cellular communication technology for improved safety, comfort and entertainment," says ABI Research principal analyst Dominique Bonte. "According to our latest forecasts, by 2013 OEM and aftermarket consumer telematics hardware and services will generate annual revenue of $41 billion."

The growth of consumer telematics will be further stimulated by three main factors. Car manufacturers will deploy telematics hardware as a standard feature enabling remote diagnostics, which reduces maintenance and repair costs. Governments will make telematics safety systems such as emergency calling mandatory in new cars in regions such as the EU. Insurance companies will provide premium discounts to drivers willing to install telematics systems to monitor their driving behavior and for stolen vehicle tracking and recovery.

An important evolution is the emergence of affordable portable and converged telematics solutions. As entry-level products they will play an important role in increasing consumers' awareness of the benefits of telematics, which in turn will drive the adoption of OEM systems.

However, several barriers will need to be removed before consumer telematics can enjoy mass market adoption. Data communications costs charged by cellular carriers need to come down. Standardization efforts have to be accelerated in order to reduce fragmentation and hardware costs, and to allow end-to-end service offerings. Finally, services and user interfaces will have to be simplified dramatically in order to guarantee an intuitive user experience.

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Drivers Have A New Edge Behind The Wheel With Help From Njection.Com
Portland OR (SPX) Mar 28, 2008
Njection.com has made available to Garmin and its customers the speed traps and red light camera information from its Speed Trap Mashup section. Drivers can now download speed trap and red light camera information in order to create a more intelligent driving system.







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