The world market for commercial telematics is poised for significant growth, says principal analyst David Alexander. The combination of lower-cost electronics and wireless communication fees was always going to be an incentive for steady growth, but the recent large increases in fuel costs worldwide have had a dramatic effect on ROI calculations.
Over the last year or two, telematics applications from the major suppliers have demonstrated their reliability, and new functionality is being added frequently. New entrants are keeping the existing suppliers on their toes and making sure the market remains competitive. There is plenty of business to go around in the short term, and now is the time for the bigger players to make sure of their futures by staying ahead on the innovation curve.
We see significant growth in this market over the next five years, from a total of about $3.5 billion in 2007 to over $11 billion in 2013, adds Alexander. And as volumes grow, the component and communication costs are going to decline even more. The trend towards multiple functions is also likely to provide greater added value for fleet managers.
Newly-updated Commercial Telematics Forecasts from ABI Research provide comprehensive global data on vehicle fleets and telematics providers. Extensive forecasts of subscribers and system volumes are included for each of the main regions: North America, Europe, Asia-Pacific, Latin America, and Rest of World.
The forecasts also offer wide-ranging background data on global market fleets. System and subscriber forecasts are provided globally, by region, through 2013. The study forms part of ABI Researchs Commercial Telematics Research Service.
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