Global automotive embedded telematics market is expected to grow at a compound annual growth rate (CAGR) of 32.8% over 2011-2015, according to a new report.
According to TechNavio's report, "Global Automotive Embedded Telematics Market 2011-2015", the plentiful benefits provided by automotive embedded telematics to user as well as automobile manufacturers is the main factor responsible for the growth.
The report also revealed that the Global Automotive Embedded Telematics market has been observing a decline in the average price of OEM automotive embedded telematics.
TechNavio's report however said data security issues are acting as a barrier to the growth of automotive telematics.
According to the report, the chief vendors ruling the Automotive Embedded Telematics market include Bayerische Motoren Werke,Ford Motor, General Motor and Toyota Motor.
The other vendors include Audi, Fiat, Chrysler Group, Peugeot, Volvo, Nissan Motor, Honda Motor, Volkswagen, Hyundai Motor, and Daimler.
