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Automotive telematics systems revenues to reach $6.7B globally in 2023, nearly tripled from 2016

Connected-vehicle-telematicswire

Global revenue from automotive telematics systems will grow at a compound annual growth rate (CAGR) of nearly 17 percent to more than $6.7 billion by the end of 2023, according to new research from business information provider IHS Markit. Other points highlighted by the report: More than 33 million light …

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Market for Cloud based solutions for automotive is estimated grow at ~20% to reach USD 66.95 Billion by 2022

connected-vehicle-cloud-Ericsson

The market for Cloud based solutions for automotive is estimated to be USD 27.03 Billion in 2017 and is projected to grow to USD 66.95 Billion by 2022, at a CAGR of 19.88% during the forecast period, according to a report by MarketandMarkets. According to the report, the cloud based …

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GENIVI Alliance working on Vehicle Domain Interaction Strategy

GENIVI-T'wire

The GENIVI Alliance is working on a Vehicle Domain Interaction Strategy focused on developing open standard interfaces and code that will define the necessary paths bridging multiple car software domains. The new GENIVI Vehicle Domain Interaction Strategy is primarily based on a key market trend of system on a chip …

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India: NBCC signs MoU with Fortum to develop electric vehicle charging infrastructure in the country

electric_charging_car-europe-t'wire

India aims to have all-electric car fleet by the year 2030 and things have started moving. Recently, Mahindrda&Mahindra and Tata Motors were awarded contracts to supply 10,000 electric vehicles to EESL. Now NBCC, a blue-chip Government of India Navratna Enterprise under the Ministry of Urban Development has signed a Memorandum …

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Automated vehicles will result a range of complex regulatory challenges that can affect the insurance market profoundly

Autonomous_CarsAutonomous_Cars

Berg Insight has released new findings about the effect of autonomous cars on auto insurance. Several major trends are currently impacting the motor insurance market, which has resulted in higher competitiveness and new stakeholders on the market. The integration of telematics technology constitutes the latest revolution for the automotive insurance …

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Safety of the vehicles, including the risk of hacking, remain key concerns for Americans regarding autonomous vehicles

Nissan LEAF at CEATEC Japan 2013 demonstrating Autonomous Drive

AIG conducted Autonomous Vehicle Insights study last month in partnership with McLaughlin & Associates and Pinkston Group. It studied the responses from 1,000 adults in the United States online, with an accuracy of +/- 3.1 percent at a 95 percent confidence interval. Americans are highly polarized as to whether to …

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Daimler Mobility Services acquires German ride sharing startup, flinc

Daimler-flinc-telematicswire

Daimler Mobility Services has announced the full acquisition of the Darmstadt-based flinc GmbH. flinc is the leading provider of door-to-door ridesharing for short- and medium-haul routes. The start-up launched the flinc platform for short-distance carpooling in 2011. Today, around half a million customers are registered with the platform. As the …

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Mazda, Denso, and Toyota agree to establish a new company dedicated to EVs

mazda-denso-toyota-telematicswire

Mazda, Denso, and Toyota will jointly develop basic structural technologies for electric vehicles according to a contract signed by the three companies. A new company consisting of selected engineers from the three companies, will also be established to ensure the efficient implementation of the joint technological development projects. The new company …

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Honda introduces infotainment system with many advanced features in BR-V

honda-brv-infotainment-telematicswire

Honda Cars India has introduced 17.7cm advanced infotainment system, with capacitive touch-screen – the DIGIPAD –in its new BR-V. Digipad along with having advanced touchscreen audio video navigation (AVN) system also has a rear parking camera & rear parking sensors to offer a more convenient and safer parking experience. The …

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NXP Semiconductors in talks with Baidu on a partnership to promote self-driving technology

Baidu-T'wire

NXP Semiconductors is in talks with Baidu on a partnership to promote self-driving technology, according to a report by ChinaDaily. The automotive market in China is expanding rapidly and has surpassed the US market to become the largest. The technological advancements in the country have given a boost to the electric …

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