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Connect car telematics systems to grow to 56 mln by 2020

Thursday 22 October 2015 | 13:37 CET | News
Sales of embedded car OEM telematics systems worldwide will grow from almost 11.1 million units in 2014 at a CAGR of 31.1 percent to reach 56.0 million units in 2020, according to a new report from Berg Insight. In addition, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 39.9 percent from 20.5 million subscribers at the end of 2014 to 153.4 million subscribers at the end of 2020. The report goes on to point out that carmakers are still experimenting with the business models for connected car services as renewal rates

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Categories: Mobile & Wireless
Companies: Berg Insight / BMW / Hyundai
Countries: World
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