DUBLIN--(BUSINESS WIRE)--Sep 5, 2018--The "The Global Automotive OEM Telematics Market - 4th Edition" report has been added to ResearchAndMarkets.com's offering.

The research estimates that total shipments of embedded OEM telematics systems reached almost 27 million units worldwide in 2017. Growing at a compound annual growth rate of 16.6 percent, the shipments are expected to reach 67 million units in 2023. The number of telematics subscribers using embedded systems is forecasted to grow at a compound annual growth rate of 31.9 percent from 49.0 million subscribers in 2017 to 258.1 million in 2023.

The research estimates that more than 32 percent of all new cars sold worldwide in 2017 were equipped with an OEM embedded telematics system, up from 23 percent in 2016. North America is the most advanced market with an attach rate of 47 percent followed by EU+EFTA with an attach rate over 40 percent.

Other developed markets such as Japan and South Korea currently have attach rates of approximately 35 percent. China has emerged as an important market for telematics services with an attach rate of about 26 percent in 2017. In other regions, the attach rate is below 15 percent. GM, BMW and PSA are the leading adopters of embedded telematics, widely offering the technology as a standard feature across models and geographies.

GM has offered telematics services for more than two decades, offering the technology as an integral part of its value proposition in North America, Europe and China. BMW introduced its ConnectedDrive service in North America and Western Europe in 1997. An embedded telematics unit has since become a standard feature on all BMW vehicles sold in the 45 markets where ConnectedDrive is available. Other major car brands offering embedded telematics on a broad scale include Mercedes-Benz, Hyundai, FCA Group, Volvo Cars, Toyota, Renault and Tesla.

Highlights from this report:

Insights from numerous executive interviews with market leading companies. New data on car populations and new car registrations worldwide. Comprehensive overview of the car OEM telematics value chain and key applications. In-depth analysis of market trends and key developments. Detailed profiles of 21 major car OEMs and their telematics propositions. Updated market forecasts by region lasting until 2023.

Key Topics Covered:

Executive summary

1 The global passenger car market

2 Car telematics solutions

3 OEM telematics propositions

4 Telematics solution providers

5 Market forecasts and trends

Companies Mentioned

AT&T Aeris Airbiquity Apple BMW Group Bright Box Changan Motors Daimler Group Deutsche Telekom Fiat Chrysler Automobiles Ford Motor Company General Motors Great Wall Motors Honda Motor Company Hyundai Motor Group Jaguar Land Rover Automotive Mazda Motor Corporation Mercedes Nissan Motor Company Nuance Communications PSA Group Renault Group Renault Nissan Mitsubishi SAIC Motors Sprint Subaru Tesla Toyota Motor Corporation Verizon Communications Vodafone Volkswagen Group Volvo Car Group WirelessCar

For more information about this report visit https://www.researchandmarkets.com/research/qw4fh8/global_automotive?w=4

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Related Topics:Telematics and Vehicle Electronics



SOURCE: Research and Markets

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PUB: 09/05/2018 07:14 AM/DISC: 09/05/2018 07:14 AM