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EV telematics market to reach $1.4bn by 2017: Pike Research

ABR Staff Writer Published 22 December 2011

Annual revenue from worldwide sales of electric vehicle telematics will total $1.4bn by 2017, according to a new report from Pike Research.

The report, "Electric Vehicle Telematics", said that nearly nine out of ten plug-in electric vehicles (PEVs) sold this year will include at least a basic telematics package, and that percentage will likely grow to 94% by 2017.

Wireless equipment manufacturers from outside the automotive industry will be a key group of players in the EV telematics supply chain. They are accustomed to more compressed product development timeframes than the carmakers use, the report said.

Pike senior research analyst Dave Hurst said 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," Hurst said.

The research firm said that 80% of PEVs will come with connected vehicle systems installed by the end of the forecast period.