Intensified Competition in the Global Automotive Telematics Market to Drive Robust Growth || Key Players: Verizon Telematics, Inc., TomTom N.V., Masternaut Limited, and Trimble Inc
The major chunk of the population banks on communications and content and essays to stretch this capability to their vehicles. Telematics is dishing the automotive industry the tools, systems and methodologies to transform driving into an interactive and engaging connected vehicle user experience. As such, it is functioning as a collation of foundational enablement technologies which lubricates the seamless exchange of information, paramount to creating connected vehicle industry services, ecosystems and applications.
For More Details - A sample of this report is available upon request here -
The automotive market is embracing economy-of-services, subscriber based revenue models and positive ownership experiences. Accordingly, unprecedented adoption of predictive AI, big data analytics and back office business processes such as ERP, CRM and SCM have led to improved safety, higher profitability and better decision making.
The presence of untapped market vehicle base and popularity in the future passenger vehicle segment is anticipated to fuel the telematics market. In addition, the auto OEMs are offering telematics features in new passenger cars as a differentiator after assessing competitive profile matrix and value chain analysis.
Connected vehicles are being touted as a ‘computers on wheels’ as they combine networks of integrated systems; myriad sensors which continually monitor, collect and transmit an array of metrics, including information on in-vehicle events, driver behavior and current road conditions.
The services being available in the domain of automotive telematics such as automatic crash notification, vehicle tracking, remote door services, navigation assistance, to name a few are expected to augur well for the market. The penetration of the wireless network infrastructure and soaring availability of bandwidth are anticipated to have bearing on telematics market.
Automotive Telematics Market: Overview
The intelligence report on the automotive telematics market is undergirded by quantitative and qualitative analysis. In addition, the report throws light on the dynamics in the market which have bearing on the growth of the automove telematics market, incorporating drivers, trends, restraints, and opportunities. In addition, the report also delineates segmentation to showcases a comprehensive analysis of the automotive telematics market.
Factors Underpinning the Growth of the Automotive Telematics Market?
With auto-industry envisioning to tap into the next-gen automotive capabilities, sophisticated communication technologies like automotive telematics are witnessing a proliferated adoption in applications such as vehicular communication, safety, mapping system, and road transportation. Additionally, improved broadband networks alongside the ubiquitous use of smartphones for communication is predicted to uphold the growth of the automotive telematics market.
New entrants have ventured into the automotive telematics market to capitalize the emerging opportunities. On the other hand, established players in the market are focusing on expansion and simultaneous growth through the mediums of productive mergers and acquisitions.
There has been a burgeoning demand for effective satellite navigation services in parallel to the perennially rising popularity of in-built mobile communications among drivers, thereby creating robust demand for automotive telematics technology. Since assistive technologies such as automotive telematics pave way for the sales prospects, carmakers have started incorporating the system in their product and showcased it as an upgraded version of their products.
Browse Full Report with ToC Here:
The report does the benchmarking to compare the performance of the business products and processes with the best performances of other companies both inside and outside the industry in quest for superior performance.
The comprehensive assessment of the competitive landscape of the automotive telematics market relies on Porters’ Five Force Analysis. In addition, the Porters’ Five Force Analysis delineates the strategies of the leading players in the automotive telematics market. The in-depth analysis of the pertinent players and their business strategies are propelled by SWOT analysis, company profile, product portfolio and recent development.
The report is the result of unbiased and authentic primary sources and secondary sources that present a deep dive analysis on automotive telematics market. The secondary research hinges on Factiva, resourceful database, EC filing and trade journals. On the other side, the report has also heavily relied upon primary research, that includes genuine analysis from pundits, veracious and unbiased assessment from seasoned analyst, and surveys and telephonic interview.
Automotive Telematics Market – Competitive Matrix
Visteon Corporation entered into a productive agreement to acquire AllGo Systems, a key developer of embedded multimedia system solutions. The acquisition is aimed at leveraging AllGo’s profound expertise in multimedia as well as smartphone connectivity software for adding scale and depth to the infotainment software expertise of Visteon.
In 2017, Robert Bosch GmbH completed the acquisition of ITK Engineering AG with an agreement that the latter would be able to retain its brand identity. This primary aim of this acquisition is to strengthen the position of Bosch in custom systems & software development services. Alongside, the acquisition will enable ITK Engineering AG to escalate its geographical outreach, thereby, bringing positive outcomes to both the companies.
Additional significant players profiled in the report that operate in the global automotive telematics market comprise of Harman International Industries, Inc., Magneti Marelli S.p.A, Airbiquity Inc., Verizon Telematics, Inc., TomTom N.V., Masternaut Limited, and Trimble Inc., among others.
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Intensified Competition in the Global Automotive Telematics Market to Drive Robust Growth || Key Players: Verizon Telematics, Inc., TomTom N.V., Masternaut Limited, and Trimble Inc here
News-ID: 1743639 • Views: 193
More Releases from Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
Hand Sanitizer Market to Surpass US$ 2.8 Bn, Instant Hand Sanitizer Poised to Ho …
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online
Medical Marker Bands Market Grows on the back of Their Radiopacity and Cost-effe …
Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide. Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On
More Releases for Telematics
Global Commercial Vehicle Telematics Solution Market Report 2019-2023 : Trimble, …
Commercial Vehicle Telematics Solution Market 2019 Research report contains a qualified and in-depth examination of Commercial Vehicle Telematics Solution Market. At first, the report provides an overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. It also covers detailed competitive outlook including the Commercial Vehicle Telematics Solution market share and company profiles of the key participants operating in
Automotive Embedded Telematics Market | TomTom Telematics, Mix Telematics, Omnit …
Automotive Embedded Telematics Market to witness healthy CAGR during the forecast period driven by increasing integration of the telematics systems into passenger and commercial vehicles. It allows vehicles to communicate with other devices or with an individual user over a network. Furthermore, the supportive government initiatives for safety & security of the vehicles such as the European Union’s eCall Initiative and Russia’s ERA-GLONASS also augment the demand for the
Marine Telematics Market - Telematics Technology Development Benefits Grows Mark …
Telematics technology is an integration of wireless telecommunication technologies with computers. Such technology is used to obtain and convey information over vast networks to improve the functionality of running businesses with governments. Telematic systems are equipped with the components such as global positioning satellite (GPS) systems and sensors for a variety of applications. Obtain Brochure For Latest Technology Advancements@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13124 The drivers of marine telematics market development are the benefits attached
Telematics Control Unit
Publisher's Telematics Control Unit (TCU) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of
Global Commercial Vehicle Telematics market 2018 - Trimble, PTC, Tomtom Telemati …
Apex Market Reports, recently published a detailed market research study focused on the "Commercial Vehicle Telematics Market" across the global, regional and country level. The report provides 360° analysis of "Commercial Vehicle Telematics Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Commercial Vehicle Telematics industry, and estimates the future trend of
Global Survey of Commercial Telematics Market 2017-2021 - MiX Telematics, TomTom …
Telematics is defined as the automated system designed for vehicles that incorporate communication systems for real-time information transfer to achieve efficient solutions. Auto manufacturers have diverse options for online connectivity in vehicles to deliver two-way communication. These options include embedded telematics, tethered telematics, and integrated smartphone telematics. The automobile industry has significantly transformed from mechanical or hydraulic control to accommodate the rapidly growing computer-based control systems during the last two