Telecom Lead America: Intelligent vehicles, through
embedded connectivity, will be directly responsible for creating revenues of
$14.4 billion by 2016, according to Juniper Research.
The research predicts that the revenue growth will be
complemented by the expansion of geographical markets and service models by
existing telematics in the next five years.
The report finds that new Telematics units that can be
installed once the vehicle is on the road from players like OnStar will give
the market a second wind. Meanwhile the range of subscription services on offer
is becoming more comprehensive.
The report predicts that the integration of the
smartphone into consumer vehicles will become all but standard on new models by
2016 due to new protocols such as MirrorLink from the Connected Car Consortium.
By 2016 there will be 92 million internet-connected
vehicles on the road, featuring technology to integrate the smartphone into the
head-unit.
The report further adds that the commercial
telematics is seeing sustained take-up, driven by its promise of
increasing driver efficiency and managing costs.
Intelligent vehicles can now come equipped with features
including safety, security, navigation and emergency service access under the
same subscription,” said Anthony Cox, the report’s author.
He noted that targeted services for insurance and stolen
vehicle recovery are also gaining momentum through regional players. For most
telematics areas, however, the US is ahead of other geographical regions finds,
the report.
In the commercial telematics market, Juniper Research
observes an increasing level of sophistication as fleet managers use telematics
to increase fleet efficiency, comply with regulation and monitor driver
behaviour. Players are also leveraging the power of the cloud and internet
portals to enhance the service they offer.
Verizon launches new practice to develop telematics solutions
Recently, Verizon announced that it is strengthening its
machine-to-machine (M2M) business with the launch of a new practice that focused
on developing telematics solutions.
editor@telecomlead.com
