|By Business Wire||
|March 13, 2014 03:08 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/xvt3wm/global_commercial) has announced the addition of the "Global Commercial Vehicle Telematics Industry 2012-2017: Trends, Profits and Forecast Analysis" report to their offering.
The global commercial vehicle telematic industry has witnessed high growth during the last five years (2006-2011) and is expected to continue its growth momentum and reach an estimated US $13.5 billion by 2017 with a CAGR of 9.3% over the next five years. The industry, originating from a smaller base, rapidly started achieving acceptance by automotive OEMs, aiming to integrate commercial vehicles with communication and navigation electronics.
This report provides an in-depth analysis of the market, demand, infotainment features, and different systems and products of the commercial vehicle telematics.
In this report, the author has highlighted the drivers and challenges of this industry. This industry is mainly controlled by Intelligent Transport Systems supported by GPS-enabled smart phones, technologically sound, and highly preferred by commercial fleet owners. Secondly, OEMs are involving themselves in the development process of user experience which resulted in coping with the global challenge of providing economical products.
The industry also has to undergo certain challenges arising from data integration with vehicles driving results by acting on the high vehicle management cost, which includes fuel and fleet overheads. Another problem occurs from the low range utilization of telematic technologies and technical unawareness among consumers.
This study provides the industry players a deep insight about the different aspects of the commercial vehicle telematic industry. This industry is expected to go through a healthy and steady growth process supported by infrastructure, low-cost electronics, and efficient wireless communication network services. This report is a brief discussion regarding the regional variation, the value chain providing the integrated telematics solution, green telematics, different telematic technologies, and market measures. This comparative briefing is a structural layout for the business executives with concise description of this particular industry.
For more information visit http://www.researchandmarkets.com/research/xvt3wm/global_commercial.
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