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Small and medium TSPs will fade away and TSP giants will come to the front
As smart car as a service grows, automakers focus more on introduction of technologies or platforms from big data and cloud computing to security, content platform and artificial intelligence, providing more intelligent, more diversified content and value-added services, while making an expansion in OEM market.
As the gateway for vehicle traffic flow, telematics service providers (TSP) are catering to the industrial change by constantly extending services content and boundaries, across fields from initial remote service to phone mirroring and connectivity, then to connected IVI system, finally to integrated telematics system covering people, vehicle and life.
Press release content from Business Wire. The AP news staff was not involved in its creation.
2020 Market Report on Joint Venture OEMs’ Telematics Products in China - ResearchAndMarkets.com
February 10, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 10, 2021
Amid “CASE” (connected, autonomous, shared and electrified) prospering in the automotive sector, Chinese and joint venture auto brands are vying for connectivity and intelligence. In China, domestic brands have gained first-mover advantages in the country’s telematics market on the strength of local resources.
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In January 2019, joint venture brands were left behind by Chinese OEMs, with an 11.8 percentage points lower telematics penetration. Since 2019 their deploying telematics has been expedited: they endeavor to develop underlying technologies and seek partners, with roll-outs of more secure, more intelligent in-vehicle infotainment (IVI) systems; they also focus more on user experience and exert themselves to