Last updated on April 19, 2014 at 9:20 EDT

The Future is Now: Connected Cars in the Cloud, Smart Keys, and Telematics Insurance

September 11, 2012

FARMINGTON, Conn., Sept. 11, 2012 /PRNewswire-iReach/ — Google recently announced huge steps forward with their self-driving cars, and while we may not have reached the future automobiles envisioned in films such as Minority Report, we can see some of that technology on the horizon. With more than 30 vehicle manufacturers launching telematics services in the US, China, and Europe; over 19 million drivers covered by telematics-impacted insurance policies; and over 15% of all new passenger cars in Europe being smart-key fitted, some parts of the future are already here.

(Photo: http://photos.prnewswire.com/prnh/20120911/CG72080)

These new market research reports, available immediately from Global Information Inc (GII), offer unique and valuable insight into this rapidly evolving market, providing detailed information that will prove indispensable for CEOs, marketers, product managers, insurance providers, service providers, suppliers, government agencies, investors, analysts and regulators.

The Ultimate Connected Car Guide

SBD has released an updated edition of its Ultimate Connected Car Guide. This guide allows users to easily navigate through each vehicle manufacturer in China, Europe and the USA with existing or planned connected car services and see how each OEM has built its connectivity platforms, both inside and outside the car.

This guide offers value to many types of users, from engineers looking for advanced technical information, to product planners aiming to benchmark pricing models, to managers looking to understand high-level trends. Additionally, a comprehensive explanation of all the different technologies and services is included to support users who are not yet Connected Car experts.

Today over 30 vehicle manufacturers have launched telematics services in China, Europe and the USA – a 50% growth since 2010. Additionally, 9 more vehicle manufacturers are planning to launch new services over the coming year. This growing availability of connected car services will gradually lead to a surge in fitment rates for in-car connectivity. SBD forecasts that by 2015 over 30 million new cars will be fitted with some type of connectivity box.

But whilst there is a common industry-wide push towards enabling in-car connectivity, there are yet to be any major convergence in terms of technologies, business models or value chains. Although the opportunities to benefit from connectivity are rising, so are the risks associated with implementing the wrong strategy or falling behind competitors.

One way to minimize this risk is to ensure that you always have the latest, most comprehensive and most accurate information at hand. This is why SBD has released a new edition of its interactive Connected Car Guide, which includes over 600 slides of insight.

For a detailed executive summary, sample charts, and table of contents, or to request free sample pages from the full report, please visit http://www.giiresearch.com/report/sbd234108-ultimate-connected-car-guide.html

Connected Car: The future of telematics insurance on the automotive industry

Telematics insurance has been one of the most widely discussed topics within the Connected Car world over the last two years. However, according to SBD’s research the market for telematics insurance is still immature and faces major challenges.

Despite these challenges, SBD forecast that by 2017 up to 19 million drivers worldwide will have an insurance policy that relies on some form of telematics being fitted to their cars. The bulk of this growth will come from Europe and USA, where insurers are particularly keen to search for new ways to manage risk and enhance their relationship with customers. Even within Europe, SBD forecasts that 75% of subscribers will come from just UK and Italy, demonstrating the highly fragmented nature of the opportunities for telematics insurance.

For a detailed executive summary and table of contents, or to request free sample pages from the full report, please visit http://www.giiresearch.com/report/sbd248263-connected-car-future-telematics-insurance-on.html

Smart Key Development: Defining The Future For Smart Key

Availability of smart key systems has doubled since 2010 in Europe, and the rise in split smart start and smart entry systems has helped increase fitment rates to over 15% on all new passenger cars. But does this mean that a future strategy of standard smart start systems with smart entry as optional is a viable long-term solution for OEMs and customers? Also, what impact will smartphones and in-vehicle telematics services have on the role of smart key systems in the car?

Customer awareness, availability and fitment of smart key technology has certainly never been higher, but customers are still demanding more from their systems. The challenge for OEMs and suppliers is to offer the best possible features to improve the overall customer experience, but without impacting vehicle security or incurring excessive cost.

As the second part in SBD’s 2012 smart key research package following their European Database, this report analyses the latest in OEM, supplier and customer trends, setting out the development direction for the next five years for smart key systems.

For a detailed executive summary and table of contents, or to request free sample pages from the full report, please visit http://www.giiresearch.com/report/sbd248752-smart-key-development-defining-future-smart-key.html

About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.

Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp

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