Issue #2003 - 23
OUTLOOK & TRENDS
ABI Research Gives a Fresh Picture of Telematics - $14 Billion in 2008
According to an ABI Research report, the total global OEM telematics market will climb to over $14 billion in 2008 from over $2 billion in 2002.
In order to achieve this growth, the study advises that the current "rubber-stamp" approach to telematics must be eradicated and replaced with differing strategies among various vehicle platforms and customer segments. Customers must also be afforded the opportunity to pick from the various, lower-cost vehicle-specific applications to find those that best suit their needs.
For more information: http://www.abiresearch.com/abiprdisplay2.jsp?pressid=180
MobileInfo Comments and Advisory: Telematics
market was expected to take off during 2003-2007 time period -
that's what GM, Ford and others hoped for. Initial technology were
high but consumers did not bite the early versions of Telematics
services. The economic climate, dot com collapse and 9/11 did not
help the situation. Early set of applications did not give
While ABI is right in making some
general assessments of the telematics market, we are not sure that
anybody, including ABI has a clue to make a good forecast of the
market. $14 billion is a sizeable market size in an emerging
technology area. We do not see environmental changes in short term
in consumers' craving for Telematics services. Therefore, we are
somewhat hesitant to sign off on these predictions.
On one point, we agree with ABI
Research - the telematics vendors must redesign their business
models and services offerings.
Note: This news release may contain
forward-looking statements within the meaning of section 27A of the
Securities Act of 1933 and section 21E of Securities Exchange act of
1934 in USA. Similar provisions exist in other countries. There is no
assurance that the stipulated plans of vendors will be implemented.
MobileInfo does not warrant the authenticity of the information.
Readers should take appropriate caution in developing plans utilizing
these products, services and technology architectures. All
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