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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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Growth in the global automotive LiDAR market predicted

According to a report by Persistance Market Research, the prime factor boosting the growth in the global automotive LiDAR market is the increasing integration of LiDAR technology in the vehicles by OEMs to automate the driving. Other points raised by the the report are: With OEMs integrating LiDAR in ADAS …

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Connected car ecosystem market estimated to grow at a CAGR of +21% during 2017-2021

According to a report by ResearchNReports  connected car ecosystem market will make a huge Impact in near future with growing at a CAGR of +21% during the 2017-21. Other observations of the reports are: The growing proliferation of embedded in-vehicle connectivity and smartphone integration platforms has made connected cars one …

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Survey: 53% people say they would buy one for their next car purchase

There have been notable developments on autonomous vehicles over the last year and a new survey to analyse public opinion towards this developing technology. Following a first survey from 2016, Reportlinker conducted a new research to answer the following questions. The questions were: Are people ready to adopt autonomous vehicles? …

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Survey: More than half of new car buyers expect to own at least one self-driving automobile in their household in the next 10 yrs

Bosch conducted a survey to further understand the sentiment of car owners toward automated driving and ADAS features. The survey reached 1,000 U.S. based new car buyers, aged 18 or older, who have purchased or leased at least one vehicle within the last five model years, and intend to buy …

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