Our Industry
Frost & Sullivan estimates revenue from the U.S. telematics industry
was at $771 million in 2001* and McKinsey estimates it to grow
to $15 to $20 billion by 2010**. Some industry experts have compared
the current status of the telematics industry to the personal computer
industry during its early stages. Dr. Egil Juliussen, principal
analyst with Telematics Research Group states, "Telematics is an
emerging industry at the same stage the PC industry was in back
in 1980". These projections show a multi-billion dollar potential
for telematics services in the U.S. within the next five years.
What is Telematics?
Telematics refers to the term used to describe the utilization of telecommunications systems to transport data wirelessly between remote systems and computers. Automotive Telematics allow computers to communicate with vehicles through a wireless network.
What are Location-Based Services?
Location-based services have emerged as one of the most popular wireless services for businesses. They are currently in use by companies of all sizes. From tracking cattle, to military jets, location-based services are in use throughout a wide range of industries.
Field Technologies' present focus is in the area of fleet vehicle management. By giving people the ability to view the current and past activities of employees, vehicles, and equipment, our location services are saving companies millions of dollars annually.
We view the future as a world where telematics and location-based services
will be a part of our everyday lives.
Here are examples of current Telematics & location-based
services:
- GPS used by the government for military purposes
- GM's OnStar™ system
- In-vehicle navigation systems
- Hand-held navigation systems
- E-911 cellular phone
emergency location services
- ATM's and vending machines that update status wirelessly
- and more.....
Here is the future of Telematics & location-based
services:
- Vehicles that drive without the need for human interaction.
- Military jets that fly into battle without pilots.
- Construction equipment that operates without human interaction.
- Billboards that display localized advertising content.
- and more...
*Smith, B. Driving Telematics beyond safety, security. Wireless Week, January 1, 2003
**The McKinsey Quarterly, 2002, No. 2
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