|By Business Wire||
|August 6, 2013 06:58 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/tpscpq/global_telematics) has announced the addition of the "Global Telematics Market 2012-2016" report to their offering.
The analysts forecast the Global Telematics market to grow at a CAGR of 22.67 percent CAGR percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing awareness of road safety. The Global Telematics market has also been witnessing increased adoption of the voice recognition feature in telematics systems. However, downward pricing pressure could pose a challenge to the growth of this market.
The key vendors dominating this space include BMW AG, Ford Motor Co., General Motors Co., Toyota Motor Corp., Delphi Automotive plc, Robert Bosch GmbH, Continental AG, WirelessCab AB.
The other vendors mentioned in this report are Airbiquity Inc., ATX Group Inc., Audi AG, Auto Locator Inc., Auto Page Inc., Autonet Group, Bayerische Motoren Werke AG, Cesar Satellite, Chrysler Group LLC, Connexis LLC, Cobra Automotive Technologies S.p.A, Continental AG, Daimler AG, Delphi Automotives plc, Denso Corp., Directed Electronics Inc., Fiat S.p.A, Ford Motor Co., General Motors Co., Harman, Honda Motor Co. Ltd., Hughes Telematics Inc , Hyundai Motor Co., LoJack Corp., Magneti Marelli SPA, MiX Telematics Ltd., Motolingo Inc., Nissan Motor Co. Ltd., Octo Telematics S.p.A, Peugeot S.A., Robert Bosch GmbH, Trafficmaster plc, TomTom NV, Toyota Motor Corp., ViaSat Inc., Visteon Corp., Volkswagen AG, Volvo AB, WebTech Wireless Inc., and WirelessCar AB.
Commenting on the report, an analyst from the team said: One of the main trends witnessed in the Global Telematics market is the increasing demand for automotive infotainment. Another trend being witnessed in the market is the increasing demand for automotive infotainment. The Global Automotive Infotainment market is growing at a significant rate, leading to the increasing demand for telematics. The increase in global vehicle production and increased usage of infotainment devices would play a vital role in the growth of the Global Telematics market. Infotainment devices are used for communication, entertainment, and navigation and this will further influence the demand for telematics devices, which will lead to increased market growth.
For more information visit http://www.researchandmarkets.com/research/tpscpq/global_telematics
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