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Report Forecasts the Telematics Market Growing by 52% Annually

15 November 2000

Dain Rauscher Wessels Report Forecasts the Telematics Market Growing by 52 Percent Annually Over the Next Seven Years

    MINNEAPOLIS--Nov. 14, 2000--Telematics Service Providers (TSPs) will ultimately offer consumers greater safety and security, lower insurance premiums and increased in-vehicle productivity, according to Jonathan Lawrence, equity analyst at Dain Rauscher Wessels.
    Lawrence, who recently issued a study, "Telematics: Addressable Markets," foresees the aggregate market for incremental telematics hardware and services in the United States to grow from more than $2 billion in 2001 to nearly $28 billion in 2007.
    According to Lawrence, dramatic cost reductions and manufacturing efficiencies are ahead for the telematics industry as procurement, logistics, design/engineering and other processes move online. "Armed with these cost savings, we expect OEMs to push telematics hardware into new vehicles aggressively," he said.
    The 35-page report addresses several markets within the telematics industry including safety and security, productivity enabling hardware, navigation displays, satellite digital radio, real-time traffic and rear-seat entertainment systems.
    Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Lawrence's research report should call (612) 371-7752.
    The Dain Rauscher Wessels division includes equity research, equity trading, institutional equity sales and corporate finance. The division's 40 analysts focus on five industries: consumer, energy, financial services, health care and technology. Currently, the analysts follow more than 400 companies. The division, which employs 425 people, has offices in Austin, Texas; Boston; Chicago; Dallas; Houston; Menlo Park, Calif.; Minneapolis; New York City; Paris; San Francisco; Seattle; and Tel Aviv, Israel(a).