Telematics is the
use of wireless devices and black box technologies to send data back to the
organization in real time. It is a technology of storing, sending and receiving
information with the help of telecommunication devices. The APAC
automotive telematics market is
likely to rise further in the coming years.
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The increasing
automotive industry in Asia Pacific is expected to augment the demand for the
APAC automotive telematics market. Digitalization in automotives, resulting in
computer-based control systems is also furthering the market.
Innovations in
technology, like sensor based systems and in-vehicle digital systems are also
fueling the APAC automotive telematics market. However, lack of proper traffic
data is one of the major restraining factors for the market.
The APAC automotive
telematics market can be segmented into consumers and technologies. The
consumers market can be divided into diagnosis, safety & security,
navigation, infotainment and others. The sectors of diagnosis and safety &
security accounted for the largest market in 2014. Infotainment is growing
rapidly and expected to show a double digit CAGR in the future.
The APAC automotive
telematics market, on the basis of technologies, can be fragmented into smart
phones, tethered and embedded. Embedded is the market leader and expected to
show continuous growth over the coming years. Smart phones are growing
sluggishly.
Asia Pacific is
anticipated to be the leader of the automotive telematics market across the
world. This is due to China being the largest manufacturer of automobiles,
technological innovations and rapid improvements in the automotives sector.
For More Information about site: http://www.ni2014.org/
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