Automotive Telematics Market Insights:
The Automotive Telematics Market was analyzed which was worth USD 8.7 Billion in the year 2022, expecting a CAGR of 12% during the forecast period (2023-2030), and the market is projected to be valued at USD 21.54 Billion by 2030.
The increased adoption of Automotive Telematics in the Nanoparticles is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Automotive Telematics also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Automotive Telematics in many sectors also boosts the market growth during the forecast period.
Automotive telematics refers to the use of telecommunications and informatics in automotive applications, such as in-vehicle communication, safety and security, entertainment, and navigation systems. It combines various technologies such as GPS, cellular communication, and sensors to enable vehicles to send and receive data in real-time, allowing for improved safety, efficiency, and convenience.
Automotive Telematics Market Research Report” was just released by Market Research Community. It is divided into several categories, including Channel Type (OEM, Aftermarket), application (Fleet/Asset management, Navigation & location-based system, Infotainment system, Insurance telematic, Safety & security, V2X, Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Two Wheeler), Connectivity Solutions (Embedded, Integrated smartphones, Tethered), and companies (Cartrack, Masternaut Limited, Mix Telematics, Omnitracs, Tomtom Telematics Bv., Trimble Inc, Verizon, Harman International (Samsung Electronics), I.D.Systems, Inc., Teletrac Navman, Airbiquity Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 12%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||21.54 Billion|
|By Channel Type||OEM, Aftermarket|
|By Vehicle Type||Passenger Vehicle, Commercial Vehicle, Two Wheeler|
|By Application||Fleet/Asset management, Navigation & location-based system, Infotainment system, Insurance telematic, Safety & security, V2X, Others|
|By Connectivity Solutions||Embedded, Integrated smartphones, Tethered|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Cartrack, Masternaut Limited, Mix Telematics, Omnitracs, Tomtom Telematics Bv., Trimble Inc, Verizon, Harman International (Samsung Electronics), I.D.Systems, Inc., Teletrac Navman, Airbiquity Inc|
The COVID-19 pandemic has had a substantial negative influence on the Automotive Telematics market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Cartrack, Masternaut Limited, Mix Telematics, Omnitracs, Tomtom Telematics Bv., Trimble Inc, Verizon, Harman International (Samsung Electronics), I.D.Systems, Inc., Teletrac Navman, Airbiquity Inc
Market Segment Analysis:
By Channel Type
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Two Wheeler
- Fleet/Asset management
- Navigation & location-based system
- Infotainment system
- Insurance telematic
- Safety & security
By Connectivity Solutions
- Integrated smartphones
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Automotive Telematics industries in the region.
Key Automotive Telematics Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Automotive Telematics Market segments.
– Largest Market Share Held by Industry to Industry for Automotive Telematics
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Automotive Telematics Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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