Automotive Telematics Market is expected to grow at a high rate up to and beyond 2023| Major Players - GERO INC., AIRBIQUITY INC., CONTINENTAL AG, DIGITAL MATTER, FLEETMATICS, GEOTAB, HUBIO, amongst others

Market Analysis:

Europe to Dominate the Market
Equipping the new vehicles with e-Call as a mandate from the EC has also helped to expand the telematics market in Europe. The region is also home to a number of automotive telematics hardware suppliers in Germany, UK, and Italy. Japan, the US, Mexico, Canada, South Korea, Thailand, and BRIC countries also present huge potential, primarily due to the stringent safety regulations.

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Telematics comprise electronic, electromechanical, and electromagnetic devices - usually silicon micro-machined components operating in conjunction with computer controlled devices and radio transceivers to provide precision repeatability functions. The market is primarily driven by technological improvements aimed at enhancing the overall in-vehicle experience of passengers and also bringing about a greater degree of interaction within and among the vehicles. In addition, the market is also driven by strict safety norms, increased safety awareness, and affordability to adopt telematics systems. The market is hindered by the high costs involved in installing the entire telematics infrastructure in the vehicle.

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Market Segments:
Automotive Telematics Market is segmented by:
1. Size: Small Containers (20 Feet), Large Containers (40 Feet), High Cube Containers
2. Type: Dry Storage Containers, Refrigerated Containers, Tank Containers
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key developments:
• February 2018: ERM Advanced Telematics expanded its products and services portfolio to OEMs.

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