subject: Global Emerging Technologies In The Telematic Components Market [print this page] Telematic Components: Technologies and Global Markets
The global market value for telematic components was an estimated $11.5 billion in 2009, but is expected to increase to nearly $15.6 billion in 2011. At a 5-year compound annual growth rate (CAGR) of 20.9%, the value of the market in 2016 is projected to be $40.3 billion. The largest segment in the market currently, portable devices, is expected to increase at a 5-year CAGR of only 3.8%, from $6.8 billion in 2011 to $8.2 billion in 2016. The second-largest segment currently, services, is expected to reach $19.8 billion in 2016 and become the largest segment. The market in 2011 is estimated at $5 billion. Thus, the 5-year CAGR is projected to be a healthy 31.7%. The third-largest segment currently, hardware, is also expected to increase in value at a CAGR of 31.7%, from an estimated $2.6 billion in 2011 to $10.3 billion in 2016. ( http://www.bharatbook.com/detail.asp?id=145076&rt=Telematic-Components-Technologies-and-Global-Markets.html )
The smallest segment, phone applications, is projected to increase in value at a CAGR of 10.8%, from $1.2 billion in 2011 to $2 billion in 2016.
Telematics brings together the technology of the automotive, computer, and telecommunications industries. The industry has had a tumultuous history, with many companies entering and leaving the field as promised revenues failed to materialize. Telematics has reached an inflection point, however, and will see strong growth in revenues in the next 5 years, as the technology enters vehicles as a result of government mandates. Growth in new markets is predicted to be strong.
This report covers telematics products used in vehicles, which can be broadly segregated into hardware and software. Hardware includes tracking, connection, sensors, and user interface. It focuses particularly on the markets and opportunities for telematics in the consumer and commercial vehicle markets. Software includes the embedded operating systems that control the systems; it does not include any content-related packages.
As a complete source for serious players in the emerging telematics marketplace, this study is presented in easy-to-follow sections that overview this subject, define the technology, segment the market by product type and application, profile companies, and identify suppliers.
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