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Tag Archives: market study

OBD market expected to grow at a CAGR of 15.5% by 2021

According to a report by Research and Market’s says On-board Diagnostics (OBD) market will grow at a CAGR of 15.5% by 2021. The report, Global Automotive On-board Diagnostics (OBD) Market 2017-2021, is claimed to have been prepared based on an in-depth market analysis with inputs from industry experts. Some of …

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ADAS market should reach $59.1 billion by 2021, says report

According to a report by Research and Markets the global advanced driver assistance system (ADAS) market should reach $59.1 billion by 2021 from $23.8 billion in 2016 at a compound annual growth rate (CAGR) of 19.9%, from 2016 to 2021. Parking assist system is the largest segment of the ADAS …

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Focus on software-driven vehicles allows for cross-industry collaborations : Frost and Sullivan

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Innovations in the connected car market have revolved around data monetisation, with start-ups developing new apps and hardware/interfaces (smart phone pairing) or offering services like prognostics. Acknowledging the potential in data explosion, automotive suppliers are attempting to capture and sell car data by leveraging their software and hardware platforms. While …

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Fleet management systems in South Africa to reach 1.9 million units by 2021

Berg Insight

According to a new research report from the IoT analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in South Africa reached an estimated 1.1 million in Q4-2016. Growing at a compound annual growth rate (CAGR) of 12.6 percent, this number is expected …

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Global automotive applications of ADAS will surpass 302 million units annually in 2022

IHS-Markit-T'wire

Global automotive applications of advanced driver assist systems (ADAS) will surpass 302 million units annually in 2022, according to new analysis from business information provider IHS Markit (INFO). In its latest ADAS Applications and Sensors Report, IHS Markit forecasts that global ADAS growth will be led in part by new …

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Connected car device market is projected to grow at a CAGR of 16.3% reach USD 57.15 Billion by 2021

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According to a report by Markets and Markets the connected car devices market size is projected to grow at a CAGR of 16.3% during the forecast period, to reach USD 57.15 Billion by 2021. Rising concerns pertaining to vehicle, driver, passenger, and pedestrian safety have fuelled the growth of the …

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IBM Institute for Business Value study, “A New Relationship — People and Cars,”

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According to an IBM Institute for Business Value study, “A New Relationship — People and Cars,”vehicles are becoming part of the Internet of Things (IoT) as new mobility options transform consumers’ lives and expectations. Today’s cars are evolving from a mode of transport to a new kind of moving data …

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Market trend in vehicle anti-theft system

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Published: 11 November 2016 An anti-theft system is a technology or a device employed to deter or prevent the unauthorized access of valuable items. Anti-theft systems have evolved from the invention of lock and key to the introduction of biometric identification systems. The choice of an anti-theft system depends on …

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Expect growth in commercial vehicle telematics market in India

Indian commercial vehicle telematics

Published: 25 October 2016 The Commercial vehicles telematics market in India had very less to cheer till now but this might change in near future. One of the reasons behind sluggish market for telematics in India was delay in implementation of schemes by the government. This resulted in exiting of …

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