Telematics In Automotive Market Share, Size, CAGR, Growth and Forecast - 2023
Global Telematics In Automotive Market Share, by application (Vehicle Tracking, Fleet Management, Satellite Navigation), systems (Driving Assistance systems, Telematics Control Unit, GPS,), Type, vehicle type, distribution channel, region - Forecast till 2023
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Global Telematics In Automotive Market Share, by application (Vehicle Tracking, Fleet Management, Satellite Navigation), systems (Driving Assistance systems, Telematics Control Unit, GPS,), Type, vehicle type, distribution channel, region - Forecast till 2023
Telematics In Automotive Market Share Overview
The global Telematics In Automotive Market Share’s growth is expected to be at a rate of a whopping 20% during the forecast period (2017-2023), reveals Market Research Future (MRFR).
The rising purchasing power has led to rapid developments in the automotive sector and led to a drastic increase in demand for vehicles. This, in turn, has opened avenues of growth opportunities for the market participants. A drastic rise in the number of road accidents has raised concerns which have motivated the authorities to promote the adoption of telematics as a road safety measure. This ongoing trend is anticipated to revolutionize the future trajectory of the global telematics in the automotive market across the projection period.
Key Players
The top vendors enlisted in the MRFR report include AT&T Inc. (the U.S.), TomTom International B.V. (Netherlands), Telogis (the U.S.), Visteon Corporation (the U.S.), Trimble, Inc. (the U.S.), Masternaut Limited (France), Verizon Communications, Inc. (the U.S.), Harman International Industries, Inc. (the U.S.), Continental AG (Germany), Trimble Inc. (the U.S.), Robert Bosch GmbH (Germany), Delphi Automotive PLC (the U.K.), Airbiquity, Inc. (the U.S.), and others.
Market Opportunities
The Telematics In Automotive Market Share is predicted to provide various opportunities to automotive suppliers for developing Human-Machine Interface (HMI) in the upcoming years. Pay-per-use, installation of black boxes for safety and security services, free premium services for navigation and entertainment applications and generation of subscription revenues are touted to be few more important short-term benefits furnished by the automotive telematics market in the next few years.
Another critical opportunity inundating the market includes the arrival of new players and progress of established vendors, owing to advancements in variant and diverse telematics systems.
Market Segmentation
The worldwide Telematics In Automotive Market Share has been segregated with respect to type, application, systems, distribution channel, and vehicle type.
Depending on the type, the Telematics In Automotive Market Share has been considered for embedded, integrated, and tethered.
Application-based segments mentioned in the report include vehicle tracking, fleet management, satellite navigation, vehicle safety communication, and others.
Systems-wise, the Telematics In Automotive Market Share caters to driving assistance, global positioning system (GPS), telematics control unit, vehicular emergency warning systems, vehicle tracking systems, and others.
In terms of the vehicle type, the Telematics In Automotive Market Share includes light commercial vehicles, passenger car, and heavy commercial vehicles.
The distribution channels in the market are original equipment manufacturers (OEMs) and aftermarket.
Regional Analysis
The Telematics In Automotive Market Share has been studied by MRFR in the primary regions of Asia Pacific, North America, Europe, as well as the rest of the world (RoW).
North America is perceived to be the most profitable market for telematics in automotive. Rising adoption of automotive telematics system to enhance vehicle and passenger safety as well as fast adoption of sophisticated technology that improve vehicle performance benefits the market.
Europe is home to a huge number of automotive telematics system manufacturers and notes a surge in global export of automotive, which is why the region is counted among the strongest contenders. Soaring demand for wireless communication system in commercial and passenger vehicles has also stimulated growth of the Telematics In Automotive Market Share in the region.
Rising seaborne trade, surging compliance with maritime safety norms, and increasing maritime tourism seems to be boosting market growth in Asia Pacific. Mounting demand for commercial ships, especially from countries like China, India, and Japan combined with the rising investment in autonomous ships is projected to help the market advance in the years ahead.
Access Full Report (at) https://www.marketresearchfuture.com/reports/telematics-in-automotive-market-2296
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 26.02.2020 - 10:29 Uhr
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Date of sending: 26/02/2020
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