Telematics is a kind of information technology that includes interaction over distances that are spread wide apart. It also includes the interaction of mechanical data. This technology facilitates on-the-spot access of the vehicle to the manager of the fleet. It has transformed the way people live and converted driving of automobiles into something pleasurable. The Asia Pacific automotive telematics market would expand hugely in the future.
This region is expected to develop most swiftly in the worldwide automotive telematics market. This is anticipated to take place at a CAGR of double digit over the predicted phase. Through this phase, the Asia Pacific automotive telematics market would add significantly to the entire market and is anticipated to rise from twenty six to thirty percent, showing an augmentation of 400 BPS.
The expansion of the Asia Pacific automotive telematics market is owing to high infiltration of technologies and progressively growing GDP. Moreover, 42 percent of the internet users of the world in Asia in 2013, together with millions of users of 4G are estimated to expand the market further during the predicted phase. Some of the important technologies responsible for propelling the Asia Pacific automotive telematics market include tethered technology, embedded technology and smart phone technology.
Tethered technology displays lowest development over the predicted phase. Embedded technology leads the market. Growing use of telematics that is cloud based is estimated to affect the embedded technology market. Cost benefits and increased infiltration of smart phones are predicted to increase the demand for smart phone technology in the Asia Pacific automotive telematics market.
Also, few regions of Asia Pacific are in conformity with firm policies of the government. This enables these regions to make use of telematics system. Increased usage of these systems is predicted to drive the growth of this market. Boost in the requirement of vehicles with these systems also drives the Asia Pacific automotive telematics market ahead.
Source: Grand View Research