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Russians Willing to Pay Most for Smartphone-based Navigation and Telematics - The nascent Russian navigation and telematics market is witnessing a reversal of trends, with global positioning system (GPS)-enabled smartphone technology gaining ground over traditional portable navigation devices (PND)
Russians Willing to Pay Most for Smartphone-based Navigation and Telematics

 

PRZOOM - /newswire/ - London, United Kingdom, 2009/07/22 - The nascent Russian navigation and telematics market is witnessing a reversal of trends, with global positioning system (GPS)-enabled smartphone technology gaining ground over traditional portable navigation devices (PND).

   
 
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In 2009, the smartphone-based navigation market already exceeded 350,000 units sold in Russia, while the PND market failed to register even half that amount.

New analysis from Frost & Sullivan (automotive.frost.com), Russian Consumers' Desirability and Willingness to Pay for Connected Navigation, Location-Based Services and Features, finds that the Russian navigation market saw unit sales of 0.45 million in 2008, and will likely reach 2.0 million in 2012. This shift is attributable to exponential growth in the GPS-enabled, smartphone-based navigation market and to steady growth in the PND market.

Frost & Sullivan estimates that 35 per cent of Russian consumers are interested in a smartphone-based navigation device while nearly 63 per cent are willing to pay more than €4 per month for a vehicle tracking service based on a GPS-enabled smartphone. This indicates that firms must define a clear strategy; positioning products, services and business models around the ever-converging GPS-enabled mobile handsets market in order to expand telematics and navigation into the Russian market,.

"Handset vendors like HTC, Nokia, and Apple are propelling the navigation market in a new direction by pushing more GPS-enabled smartphones into the Russian market," notes Frost & Sullivan Programme Manager Praveen Chandrasekar. "In 2008 the balance shifted more towards the handsets-enabled navigation market rather than PNDs. This trend, together with results from Frost & Sullivan's end-user research, clearly shows that this market needs to be addressed with a smartphone based portfolio in order to succeed."

Eight out of ten current owners of navigation systems in Russia want to purchase another navigation system within six months. Of these, 49 per cent still prefer a PND, but a growing 30 per cent favour a smartphone-based navigation system. Russian consumers are willing to pay upwards of €100 for a smartphone-based navigation solution. In light of the current recession, this solution could clearly prove to be the low-cost killer alternative.

The economic crisis has put a damper in consumer spending habits in Russia. Although Russian consumers indicate that they are willing to pay upwards of €300 for a navigation device, they might not necessarily be ready to do so in this economic climate.

"The recession comes at the wrong time; the navigation market, driven by GPS- enabled smartphones and PND, was on an upswing," explains Chandrasekar. "However, consumers are increasingly cautious and this might slowdown market development."

Navigation device and service providers, telecom operators, handset vendors, telematics service providers and automakers must consider building a low-cost portfolio of navigation and telematics services for the GPS-enabled smartphone segment. Russian consumers indicate that they are willing to pay more than €100 for such a device and more than €4 per month for services like vehicle tracking. Clearly, this needs to be the primary offer from the original equipment manufacturer (OEM) and the aftermarket community in Russia.

"Automakers and vendors in the telematics, navigation and telecom community need to address the Russian market with a GPS enabled smartphone portfolio," advises Chandrasekar. "This must be backed up by a solid business model which offers a variety of pay models and subscription plans."

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, please email Monika Kwiecinska, Corporate Communications, at monika.kwiecinska[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brief brochure will be sent to you by email.

Russian Consumers' Desirability and Willingness to Pay for Connected Navigation, Location-Based Services and Features is part of the Automotive & Transportation Growth Partnership Services programme, which also includes research in the following markets: European Aftermarket for Vehicle Access and Security Systems, Strategic Analysis of European Market for eCall and bCall Systems, Strategic Analysis of European Market for Stolen Vehicle Tracking Systems, An Update of European Market for Telematics Based Pay As You Drive Insurance Systems and, Executive Update of European Passenger Vehicle Telematics and Infotainment Markets All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.

Russian Consumers' Desirability and Willingness to Pay for Connected Navigation, Location-Based Services and Features / M409

 
 
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Russians Willing to Pay Most for Smartphone-based Navigation and Telematics

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