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Europe and North America will reach 65.2 million active insurance telematics policies in 2021, says report

usage-based-car-insurance-

According to a new research report from the IoT analyst firm Berg Insight, the number of insurance telematics policies in force on the European market reached 6.8 million in Q4-2016. Growing at a compound annual growth rate (CAGR) of 34.8 percent, this number is expected to reach 30.0 million by …

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Shared self-driving cars could cut demands for sedans in US to half by 2030

cadillac_cts_sedan_t'wire

According to study by KPMG, self-driving cars from ride hailing services could cut demand for sedans in US to half by 2030. The firm used cellphone data to map commuter travel in three large U.S. cities –namely Atlanta, Chicago, Los Angeles-San Diego– and came up with this conclusion. The researchers have …

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Automotive microcontrollers market will reach US$ 1,600 Mn revenues by 2022

nxp-microcontroller

According to a report by  Transparency Market research automotive microcontrollers market will reach US$ 1,600 Mn revenues by 2022, globally. The report says the reason behind the surge in revenues that microcontrollers are now being adopted in infotainment systems, providing connectivity to vehicle network. Hybrid electric vehicles have witnessed a …

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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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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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Over-The-Air (OTA) updates market for automotive is to grow at a CAGR of 18.2% reaching USD 3.89 Billion by 2022, report says

inmarsat-telematicswire

According to a report by Research and Markets, the global Over-The-Air (OTA) updates market for automotive is projected to grow at a CAGR of 18.2% from 2017 to 2022, and to reach USD 3.89 Billion by 2022. The report further says that stringency of vehicle safety legislations and increasing demand …

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Waymo’s autonomous software may cause disruption across the automotive value chain: Frost&Sullivan

Waymo to launch self-driving taxis in Phoenix

Frost& Sullivan has released a paper “Strategic Analysis of Waymo’s Future Autonomous Disruptive Capabilities for the Automotive Industry”. According to it Waymo’s autonomous software may cause disruption across the automotive value chain from OEMs to dealerships. Some points raised by it are: Waymo could potentially help commercialize its autonomous technology …

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