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Customer LoginsAutomotive telematics revenue will soar to $4.2 billion globally in 2021
Demand for connectivity plus eCall rollout in Europe to drive growth
Global revenue from automotive telematics systems will grow at a compound annual growth rate (CAGR) of more than 19 percent to $4.2 billion by the end of 2021. These forecasts are driven by continued innovation in vehicle connectivity and safety technologies, and project nearly $2.8 billion in additional annual revenue by the end of the forecast period in 2021, compared to 2015.
Consumer electronics-based (CE) solutions will make up nearly 30 percent of the market, leaving only about 15 percent of embedded systems in 2021. Additionally, hybrid telematics will boast the strongest revenue CAGR at more than 12 percent from 2015 - to 55 percent of the overall market.
IHS Automotive
Posted 21 June 2016