Telematics in 430 Million Vehicles by 2025
According to a new report, nearly 430 million vehicles are expected to have built-in telematics by 2025.
The authors, Navigant, noted that “with a shrinking opportunity to grow vehicle sales, connectivity services offer the transportation industry new revenue opportunities, ways to attract customers.”
The report further states that in the coming years, developments in connectivity, automation, and cloud-based services are expected to merge with electrification to create an autonomous, on-demand mobility ecosystem. The resulting pervasive connectivity will offer a unique opportunity for businesses that are connected to the transportation ecosystem to provide data-driven products and services to consumers and fleets.
“In the next decade, a staggering amount of vehicles will come to rely on built-in data connections capable of providing increasing amounts of data about usage and location that can be leveraged to enable an array of customer-facing services,” says Sam Abuelsamid, senior research analyst with Navigant Research.
These new opportunities are good news for industry players as the automotive retail landscape reaches saturation levels in developed markets and slows in emerging markets, according to the report. With a shrinking opportunity to grow vehicle sales, every player in the ecosystem is expected to be looking for new revenue opportunities, ways to use infrastructure more efficiently, and methods of improving the user experience that help to retain and attract customers.
Category: Connected Fleet News, Featured
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