-- Telematics vendors will embrace big data technologies,
finds Frost & Sullivan
MOUNTAIN VIEW, California,
April 28, 2015 /PRNewswire/
-- North America and Europe
will continue to lead in terms of commercial vehicle (CV)
telematics adoption, but will focus more on advanced solutions such
as video surveillance. Positive telematics adoption trends will
also be seen in India,
China, and South Africa, where the CV market has been
growing. Similarly, the Latin American and Turkish markets will
benefit from their proximity to North
America and Europe,
respectively.
Photo - http://photos.prnewswire.com/prnh/20150427/211909
New analysis from Frost & Sullivan, Strategic Outlook of
Global Commercial Vehicle Telematics Market in 2015
(http://www.frost.com/nef9), finds that the installed base of CV
telematics stood at 14.7 million in 2014 and estimates this to
reach 37.9 million by 2020. The study covers segments of light,
medium and heavy CVs. Light CVs contributed to nearly 60 percent of
the telematics installed base last year, even though medium and
heavy CVs were the prime revenue-generating segments in countries
like India and China.
For complimentary access to more information on this
research, please visit: http://bit.ly/1ax7xiX
"Going forward, hardware prices are expected to dip, encouraging
fleet operators to invest in advanced telematics services,"
said Frost & Sullivan Automotive & Transportation
Research Analyst Gokulnath
Raghavan. "In fact, by the end of 2015, the pricing of
both hardware and solution offerings will be restructured due to
the influx of new business cases, lending further pace to market
development."
Much like 2014, embedded solutions will be widely preferred due
to its ability to provide accurate data through a controller area
network bus (CAN bus). In contrast to last year, the growth of
independent smartphone solutions is likely to outpace that of
portable solutions. 2015 will also see driver behavioral management
using, in-cab training and simulators, emerge as sought-after
services.
Overall, the CV telematics space will be dominated by the
aftermarket segment, in which vehicle original equipment
manufacturers are expected to contribute approximately 23 percent
of total telematics penetration. As the European and North American
markets become less fragmented due to continued consolidation among
vendors, competition in the telematics aftermarket will decrease in
these regions.
"To widen their reach, telematics vendors will embrace big data
technologies in order to provide business intelligence and
prognostics solutions," noted Raghavan. "Along with this,
they should customize offerings to suit the needs of the specific
industry, fleet, and region."
Strategic Outlook of Global Commercial Vehicle Telematics
Market in 2015 is part of the Automotive &
Transportation (http://www.automotive.frost.com) Growth
Partnership Service program. Frost & Sullivan's related studies
include: Financial Assessment of Global Automotive OEM Industry,
Strategic Road Map for Multi-axle Vehicles in India, Strategic Analysis of the Global Hybrid
and Electric Medium- and Heavy-duty Truck Market, and Strategic
Analysis of Emission Control Programs in Key Markets Towards 2020.
All studies included in subscriptions provide detailed market
opportunities and industry trends evaluated following extensive
interviews with market participants.
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Strategic Outlook of Global Commercial Vehicle Telematics
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NEF9-18
Contact:
Clarissa Castaneda
Corporate Communications – North
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