Study Projects Telematics Revenues in Latin America to Total $3 Billion by 2014
PALOS VERDES ESTATES, CA - The number of Latin American vehicles equipped with a subscription-based tracking solution will increase to nearly nine million units in service by 2014, with annual hardware and service revenues growing to nearly US $3 billion, according to the results of a recently released study by C.J. Driscoll & Associates, a supplier of market research and consulting services for the GPS and telematics industries.
The 2010-11 Latin American Vehicle Tracking Systems Market Study provides in-depth information on the market for GPS fleet management and consumer stolen vehicle recovery and telematics solutions in each Latin American country.
This new report analyzes the CONTRAN 245 regulations in Brazil, which will require every new vehicle sold in Brazil to be equipped with a GPS tracking system. The report identifies the Brazilian and overseas suppliers that are in the best position to benefit from CONTRAN 245, which is expected to make Brazil one of the world's largest markets for GPS tracking solutions by 2011. The report also analyzes the status of similar government initiatives in Mexico and profiles over 50 Mexican suppliers of GPS fleet tracking and consumer telematics solutions.
The 252-page 2010-11 Latin American Vehicle Tracking Systems Market Study provides in-depth information on the GPS fleet management and consumer stolen vehicle recovery and telematics markets in each South American country, as well as Central America and Mexico. For each country, the report includes an overview, as well as data on the addressable market size, market penetration and trends, and projected market growth. In addition, profiles of major suppliers of fleet and consumer vehicle tracking solutions are provided, including target markets, key features, estimated installed base, and available hardware and service pricing.