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Telematics to propel growth in auto electronics market

Posted: 12 Jun 2002 ?? ?Print Version ?Bookmark and Share

Keywords:Forward Concepts? automotive electronic? IC? telematics? digital audio broadcasting?

Forward Concepts has published a new market study that details the North American market opportunities for both equipment and ICs in the area of automotive electronics.

The report, "Telematics: A Market Study of In-Vehicle Communications, Navigation, and Digital Radio," forecasts the North American telematics market to grow from $500 million in 2002 to over $3 billion by 2006. One segment, digital audio broadcasting (DAB), is another growing automotive electronics market that, along with traditional dashboard entertainment equipment, will ultimately merge with telematics.

The report says that although satellite digital radio implementations have begun, terrestrial DAB offers opportunities for both chip vendors and ODM/OEMs. The report predicts the combined market for DAB receivers and service revenue to grow from only $9 million last year to $3 billion by 2006.





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