openPR Logo
Press release

Automotive Telematics Market How Telematics Is Enabling The Future Of Automotive & Transportation Industry

02-04-2020 03:28 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Automotive Telematics Market 2020-2030

Automotive Telematics Market 2020-2030

Automotive Telematics Market 2020-2030: Rise in trend of connectivity solution, government regulations for vehicle telematics, ease of connectivity diagnosis, and surge in use of cloud-based technology for automotive telematics solutions drive the growth of the global automotive telematics market.

Download Report Sample (365 Pages PDF) @ https://www.alliedmarketresearch.com/request-sample/601

Allied Market Research recently published a report, titled, "Automotive Telematics Market by Channel (OEM and Aftermarket), Vehicle Type (Commercial Vehicle, Passenger Car, and Two-Wheeler), Application (Fleet/Asset Management, Navigation & Location-Based System, Infotainment System, Insurance Telematic, Safety & Security, V2X, and Others), and Connectivity Solution (Embedded, Integrated Smartphones, and Tethered): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global automotive telematics market was pegged at $50.4 billion in 2018 and is projected to reach $320.6 billion by 2026, registering a CAGR of 26.8% during the forecast period.

The key players analyzed in automotive telematics market report include Masternaut Limited, TomTom Telematics B.V, Trimble Inc.,Omnitracs ,VERIZON, I.D.Systems, Inc., Airbiquity Inc.,Harman International Industries, Inc., MiX Telematics, Teletrac Navman, and CARTRACK.

Automotive Telematics Market By channel type, the OEM segment is dominating the market, in terms of revenue. In addition, by application, the safety & security segment is expected to lead throughout the forecast period. Region-wise, North America is the highest revenue contributor and Asia-Pacific is expected to lead in the future, followed by Europe and LAMEA.

Make a Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/601

Prime determinants for growing market

Government regulations for vehicle telematics, rise in trend of connectivity solution, ease of connectivity diagnosis, and surge in use of cloud-based technology for automotive telematics solutions have boosted the growth of the global automotive telematics market. However, threat of data hacking, high installation cost, and lack of uninterrupted & seamless Internet connectivity hamper the market. On the contrary, intelligent transportation system, improved performance of autonomous vehicles, better driver and vehicle safety, and enhancement of business decisions for fleet owners are expected to create lucrative opportunities in the near future.

OEM channel type to open new opportunities

Based on channel type, the OEM channel segment held the largest share in 2018, contributing to more than two-thirds of the global automotive telematics market, as automotive OEM telematics services focus on building an ongoing relationship with customers by providing solutions, which create a better user experience, developing new models, and meeting regulatory demands for vehicles. Moreover, the segment is also projected to register the fastest CAGR of 27.9% during the study period.

Commercial vehicle dominated the market

The commercial vehicle segment held the lion's share in 2018, accounting for around two-thirds of the global automotive telematics market, owing to growth in manufacturing and construction industry in the developing countries such as China and India coupled with development of logistics infrastructure. However, the two-wheeler segment is estimated to portray the fastest CAGR of 31.4% during the forecast period, owing to the increased need for digitally connected two-wheelers and newer collaborations involving automotive manufacturers, suppliers, technology companies, telecom operators, insurance firms, government policy makers, transport operators.

Browse Complete Report & TOC @ https://www.alliedmarketresearch.com/automotive-telematics-market

Key Findings of the Automotive Telematics Market:
o In 2018, by channel type, the OEM segment generated the highest revenue.
o In 2018, by vehicle type, the commercial vehicle type segment was the highest revenue contributor.
o In 2018, by application, the fleet/asset management segment was the highest revenue contributor.
o In 2018, by connectivity, the embedded segment was the highest revenue contributor.
o In 2018, region-wise, North America contributed the highest revenue in automotive telematics market, followed by Europe, Asia-Pacific, and LAMEA.

North America held lion's share
The market across North America dominated the market in 2018, contributing to more than one-third of the market, owing to rise in need to manage fleet in a more efficient way, technological advancements, and increase in concerns over safety of vehicle & driver. Moreover, the increased demand for smart fleet management systems, smart technologies, government initiatives, and advent & integration of IoT & information, communication, & technology particularly into automobiles are the factors responsible for the market growth. On the other hand, the global automotive telematics market across Asia-Pacific is projected to manifest the fastest CAGR of 29.7% during the forecast period, owing to rise in demand for smart transportation and increase in concerns regarding safety of vehicle & driver, implementation of stringent government regulations toward vehicle maintenance & tracking.

Major market players
o Masternaut Limited
o TomTom Telematics B.V
o Trimble Inc.
o Omnitracs
o VERIZON,
o I.D.Systems, Inc.
o Airbiquity Inc.
o Harman International Industries, Inc.
o MiX Telematics
o Teletrac Navman
o CARTRACK

Similar Reports We Have:

Commercial Telematics Market is Expected to Reach $144,440.7 Million by 2030 | https://www.prnewswire.com/news-releases/commercial-telematics-market-worth-144-44-billion-by-2030-at-13-8-cagr-says-amr-838252834.html

In-car Infotainment Market to Garner $21.53 Bn by 2026 at 8.3% CAGR, Says Allied Market Research
| https://www.prnewswire.com/news-releases/in-car-infotainment-market-to-garner-21-53-bn-by-2026-at-8-3-cagr-says-allied-market-research-300993480.html

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Telematics Market How Telematics Is Enabling The Future Of Automotive & Transportation Industry here

News-ID: 1918892 • Views: 365

More Releases from Allied Market Research

Turbocharger Market Share, Generating Revenue Of $24.23 Million By 2027 At a CAG …
op 10 leading companies in the global turbocharger market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and turbocharger products and services. The key players operating in the global turbocharger industry include BorgWarner Inc. Continental AG, Cummins Inc., EATON Corporation, Honeywell International Corporation, IHI Corporation, Mitsubishi Heavy Industries, Precision Turbo & Engine, Rotomaster International and Turbo Dynamics Ltd Latest news and industry developments
Commercial Satellite Imaging Market (Updated Research Report) Growth Analysis An …
The global commercial satellite imaging market was estimated at $2.24 billion in 2018 and is expected to reach $5.25 billion by 2026, growing at a CAGR of 11.2% from 2019-2026. The report offers a detailed analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive scenario, and wavering market trends. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1751 Increasing adoption of location-based service (LBS) and rising application of
Rolling Stock Market Price, Revenue, Gross Profit, Interview Record, Business Di …
Rolling Stock Market by Product Type (Locomotives, Rapid Transit (DMU, EMU, Light Rail, Metro) Wagons, Coaches), Locomotive Propulsion (Diesel and Electric), Application (Passenger & Freight), Components: Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global rolling stock industry garnered $58.60 billion in 2018, and is expected to reach $73.8 billion by 2026, growing at a CAGR of 2.9% from 2019 to 2026. Access Full Summary @ https://www.alliedmarketresearch.com/rolling-stock-market
Safety Relay Market Growth Projections and Performance Forecast Analysis for the …
Allied Market Research published a new report, titled, "Safety Relay Market by Type (Single-Function Safety Relays and Modular & Configurable Safety Relays), Contact (Normally Closed, Time Open (NCTO), Normally Closed, Time Closed (NCTC), Normally Open, Time Open (NOTO), Normally Open, Time Closed (NOTC)) and End User (Automotive, Energy & Power, Manufacturing, Pharmaceutical, Construction, Semiconductors, and Oil & Gas): Global Opportunity Analysis and Industry Forecast, 2020–2026." The research report offers an in-depth

All 5 Releases


More Releases for Telematic

Telematic Box Market will reach 5760 million US$ in 2023
New report published by Global Info Research which offers insights on the global Telematic Box market. A Telematic Box in the automobile industry refers to the embedded system on board a vehicle that controls tracking of the vehicle. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-telematic-box-market_p90860.html Global Telematic Box Market: Forecast by Type / Application / Region The worldwide market for Telematic Box is expected to grow at a CAGR of roughly
Nebula Systems confirm telematic chipset, NC1701, first commercial firmware rele …
Latest firmware update to their “NC1701 Enhanced Vehicle Communications Controller” takes it out of the Beta test phase and into commercial use. Connected Car Innovators Nebula Systems have released an exciting new hardware solution to greatly increase access to valuable vehicle data. The NC1701 is a dedicated vehicle communications chip solution capable of extracting OEM data from any vehicle. It can be embedded into any telematics device and has been designed
Vehicle Telematic Market Research|2018-2023| Embedded, Tethered
Vehicle Telematic Market report provides current, accurate, and reliable statistics of the Vehicle Telematic market with an in-depth analysis by industry experts along with projections to 2023 that will help you decide different strategies to boost your sales, decrease the operations cost etc. Telematics is the term used to refer to the wireless connectivity between a vehicle and a telecommunication infrastructure. Telematics is an integrated technology where telecommunication and IT technologies
Insurance Telematic Market Current and Future Industry Trends, 2018 – 2025
MarketStudyReport.com Add New Global Insurance Telematic Market Size, Status and Forecast 2025 to its research database presenting an informative study covering the market with detailed analysis. The report will assist reader with better understanding. The report spread across 92 pages with 103 table and figures in it. This report studies the global Insurance Telematic Market, analyzes and researches the Insurance Telematic development status and forecast in United States, EU, Japan, China,
Global Insurance Telematic Market Size, Status and Forecast 2025
The Global Insurance Telematic Market Research Report 2018 to 2025 renders deep perception of the key regional market status of the Insurance Telematic Industry on a global level that primarily aims the core regions which comprises of continents like Europe, North America, and Asia and the key countries such as United States, Germany, China and Japan. To Get Sample Copy of Report visit @ https://www.qyresearchgroups.com/request-sample/870019 The report on “Global Insurance Telematic
Insurance Telematic Market Projected to Show Strong Growth
Latest research study from HTF MI with title Global Insurance Telematic by Manufacturers, Regions, Type and Application, Forecast to 2023. The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data. The study is segmented by products type, application/end-users. The research study provides estimates for Global Insurance Telematic Forecast till 2023.