PUBLISHER: Value Market Research | PRODUCT CODE: 1342823
PUBLISHER: Value Market Research | PRODUCT CODE: 1342823
The global demand for Automotive Telematics Market is presumed to reach the market size of nearly USD 36 MN by 2030 from USD 10.88 MN in 2022 with a CAGR of 14.22% under the study period of 2023 - 2030.
Automotive telematics is vehicle communication technology that uses GPS, wireless connectivity, and telemetry to wirelessly track, diagnose, and control communications to and from the vehicle. It is a crucial management tool for various commercial and government fleets. It combines telecommunication and informatics to provide multiple services, such as navigation, safety and security to vehicles. It performs different functions, including vehicle tracking, trailer tracking, container tracking, car sharing, emergency warning systems for vehicles and more.
The increasing awareness about road safety drives the market growth during the forecast period. Moreover, the growing demand for smartphone features in the car, automated driving technologies, and passenger safety features may contribute to this market's growth. Furthermore, the global automotive telematics market is fueled because of the growing connectivity solutions trend and the increased convenience of vehicle diagnosis. Government regulations for vehicle telematics also contribute to the growth of the automotive telematics market. The high installation costs and lack of knowledge are factors that may hamper the development of this market. Besides this, an increase in the number of accidents, rising vehicle thefts, security issues while travelling and the demand for navigation services, etc., may contribute to this market's growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive telematics. The growth and trends of Automotive Telematics Industry provide a holistic approach to this study.
This section of the automotive telematics market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Automotive Telematics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive telematics market include Trimble Inc., Visteon Corporation, Airbiquity Inc., Aplicom Oy, Scorpion Automotive Ltd., iTriangle Infotech Pvt Ltd., Shenzhen Concox Information & Technology Co. Ltd., Minda Corporation Limited, idem telematics GmbH, Road Track, Actia Group, Lavinta Buana Sakti, Microlise Limited, BOX Telematics, Redtail Telematics Corporation, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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