Electric vehicle telematics market to touch $1.4 billion by 2017: Pike Research

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Electric vehicle telematics market to touch $1.4 billion by 2017: Pike Research

Nearly nine out of ten plug-in electric vehicles (PEVs)
sold this year will include a basic telematics package, and that percentage
will grow to 94 percent by 2017. Annual revenue from worldwide sales of
electric vehicle telematics will total $1.4 billion by 2017, says the clean
tech market intelligence firm Pike Research.

The telematics package, giving the driver the ability to
check on the battery and the rate of charge, serves as a lifeline of sorts to
help alleviate concerns over the limited range of electric vehicles (range

Pike Research’s report, “Electric Vehicle Telematics,”
forecasts basic telematics packages that offer simple data connections for
emergency services, breakdown calls, charging station locations, and
diagnostics/vehicle monitoring will be standard features on most PEVs by 2017.

Pike Research also forecasts
that by the end of the 2017, 80 percent of PEVs will come with connected
vehicle systems installed. Those costlier packages will push average revenue
per user (ARPU) for electric vehicle telematics to $13.27 by 2017, up from
$10.65 today.

Many manufacturers are developing applications that can
provide details on where the closest charging stations are within range of the
current battery level of charge. Many wireless equipment manufacturers coming
from outside the automotive industry entered in to EV telematics supply chain.

“As automotive development generally targets an 8 to
10-year lifespan, compared to a 2 to 3-year lifespan for other wireless
devices. For this reason, despite the fact that much of the data being
transferred in PEV telematics can be done easily with a slow GSM connection,
most hardware manufacturers are targeting 3G services with their modems to
ensure compatibility with the wireless network long term,” said senior research
analyst Dave Hurst.

By GreentechLead.com Team
[email protected]

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