In-Depth Analysis of the European Car Telematics Industry and Market Forecasts Until 2011.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c48923) has announced the addition of Car Telematics and Wireless M2M M2M Machine-to-Machine (communication, mainly mobile) M2M Minutes to Midnight (Linkin Park album) M2M Mobile to Mobile (cellular phone) M2M Member-to-Member M2M Month to Month to their offering. A cautious optimism can be discerned in the European car telematics industry. At the same time as the EC continues to push for eCall, the motor insurance industry is increasingly embracing GSM/GPS tracking technology for the purpose of stolen vehicle tracking recovery and pay as you drive insurance. In the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and market segment, business models are starting to become sorted out as product offerings are increasingly designed to address specific customer needs for safety and security. Find out how the industry will continue to evolve in this unique research report in the M2M Research Series. Highlights from the new edition: * In-depth analysis of the European car telematics industry and market forecasts until 2011. * Status update on the latest developments in the eCall project. * Examination of the business case behind the adoption of stolen vehicle tracking and PAYD PAYD Pay As You Drive PAYD Pay As You Dine (UK armed forces) PAYD Pennsylvania Young Democrats in the motor insurance industry. * Case studies of car telematics offerings from OEMs. Content Outline: List of Figures Executive summary 1 Passenger cars in Europe 2 Car telematics solutions 3 Market forecasts and trends 4 The European eCall initiative 5 Stolen vehicle tracking and recovery 6 Pay-as-you-drive insurance 7 OEM car telematics offerings Glossary At the beginning of 2006 about 219 million passenger cars were registered in the EU23+2 area. The ultimate goal for the car telematics industry is to connect all these vehicles to mobile networks. Even though there are numerous potential applications for car telematics technology, only very few have so far proven commercially viable on the European market. eCall and driver assistance applications deliver value in the form of improved safety and better convenience when travelling. Stolen vehicle tracking and recovery facilitates recovery of the car in case of theft and frequently entitles the owner to insurance benefits. PAYD (pay-as- you-drive) insurance enables a completely new vehicle insurance model with individual premiums based on driving behaviour. Possible applications that have not yet reached commercial maturity include remote diagnostics Vehicle Diagnostics Vehicle diagnostics enables a mechanic to diagnose the exact mechanical condition of the vehicle and its systems and components. Remote Diagnostics enables to perform such diagnosis without requiring the vehicle to physically be present for checkup. and maintenance, connected navigation and online entertainment. Electronic toll collection Electronic Toll Collection (ETC), an adaptation of military "identification friend or foe" technology, aims to eliminate the delay on toll roads. It is a technological implementation of a road pricing concept. based on GSM/GPS tracking has so far only been introduced for commercial vehicles. In the longer term similar technology may also be deployed for vehicle taxation. Europe is currently trailing behind North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. in the adoption of car telematics technology. After the initial setbacks, the market is now rebounding thanks to offerings which are more focused on creating customer value than integrating new technology. Progress is made simultaneously at a national as well as at a European level. Motor insurance providers have been crucial for the relative success on the Italian market and also play important roles in other countries. The recent debate around eCall has raised the awareness of telematics within the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. as well as among stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. and will at the very least end in some sort of compromise consensus for how it should become possible to deliver a pan- European automatic emergency call service on a voluntary basis. Still the most likely outcome of the eCall process is that automatic emergency call capabilities will become a standard feature on all new cars in Europe in the early 2010s and pave the way for more advanced services later in the decade. After a slow start, sales of OEM car telematics systems are beginning to gain momentum. Availability however remains limited to a handful of brands and sales volumes are still low, particularly in comparison with the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market where OnStar is highly successful. At the end of 2006, OEM car telematics solutions were offered in Europe by BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Fiat, Jaguar and Land Rover See LANRover. , PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. Peugeot Citro[R]n and Volvo Cars
The aftermarket telematics service providers are primarily focusing on motor insurance related products. Octo Telematics (MetaSystem), Viasat and Nexo (Cobra AT), all companies of Italian origin, have attracted more than half a million users of telematics solutions that entitle to insurance premium rebates. Stolen vehicle tracking and recovery remains the foremost application, but Octo Telematics is also offering PAYD insurance in partnership with several major market players. Other markets with high level of activity include the UK and Benelux. Norwich Union Norwich Union is an insurance company in the UK. It is the biggest life-insurer in the UK, and has a strong position in motor insurance. It is part of the Aviva group, itself created by a merger of Norwich Union and CGU plc in 2000. , the largest motor insurer in the UK, launched a full commercial PAYD insurance product for consumers in October 2006. Similar, though less sophisticated, products are also available from other motor insurance providers in the UK and Ireland. Companies Mentioned Include: * BMW * Fiat * Jaguar * Land Rover * PSA Peugeot Citro[R]n * Volvo * Motorola For more information visit http://www.researchandmarkets.com/reports/c48923 Source: Berg Insight |
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