Press release
Consumer Telematics Market is expected to reach 25000 million USD by the end of 2023
Consumer telematics are communication technologies and services enabling transfer of large amounts of data in and out of passenger vehicles in real-time. This provides consumers in-vehicle services, global positioning System (GPS) navigation, traffic information, local search (for example, for petrol pumps / gas stations or restaurants) and concierge services.
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Global Consumer Telematics Market: Forecast by Type / Application / Region
Consumer telematics includes passenger cars. Technology agreements and collaborations are the key strategies adopted by the market players to enhance their market share. Based on type of telematics, the market is segmented into Automotive Original Equipment Manufacturers (OEM) and Aftermarket. The traditional automotive OEM emphases on traffic safety while aftermarket highlights media, entertainment and other personalized services.
The global Consumer Telematics market is valued at 4630 million USD in 2017 and is expected to reach 25000 million USD by the end of 2023, growing at a CAGR of 32.5% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Consumer Telematics.
Europe also play important roles in global market, with market size of x million USD in 2017 and will be x million USD in 2023, with a CAGR of x%.
Global Nonferrous Metal Recycling Market:Key Players
Verizon
Harman
TomTom
AT&T
Vodafone Group PLC
Ford Motors Co.
BMW
Telefonica
MiX Telematics
Trimble Navigation Limited
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Related Information:
United States Consumer Telematics Market 2018 Forecast to 2023
Europe Consumer Telematics Market 2018 Forecast to 2023
North America Consumer Telematics Market 2018 Forecast to 2023
Asia-Pacific Consumer Telematics Market 2018 Forecast to 2023
China Consumer Telematics Market 2018 Forecast to 2023
EMEA Consumer Telematics Market 2018 Forecast to 2023
Global Consumer Telematics Market 2018 Forecast to 2023
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