Telematics Market to Observe Significant Growth 2020-2025 | Magneti Marelli S.P.A., Tomtom International, Qualcomm Technologies Inc., Intel Corporation, Robert Bosch GmbH, Continental AG, LG Electronics

Global telematics market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Telematics market. In, turn, this will lead to improvement in market worth.

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Global Telematics Market: Notable Development
Global telematics market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global telematics market is highly consolidated. And, key players in the global telematics market are Magneti Marelli S.P.A., Tomtom International Bv., Qualcomm Technologies, Inc., Intel Corporation, Trimble Inc., Robert Bosch GmbH, Continental AG, LG Electronics, Verizon, Harman International, Delphi Automotive PLC, Visteon Corporation, Others.

Global Telematics Market: Key trends and driver
Increasing the use of advanced network communication systems is one of the major contributions to the growth of the global telematics market. Trending technology of including smartphone applications based on iOS and Android platforms is expected to change the current scenario of vehicle connectivity. Earlier, Bluetooth was the only medium of connecting smartphones to the vehicle wirelessly; however, in the coming years, the rising adoption of smart infotainment systems and navigations systems across entry-level, mid-level as well as luxury cars is to be witnessed. Increasing demand for safety & security features such as lane assist, fatigue alert, collision avoiding systems are expected to bring telematics in the picture. Furthermore, supporting government regulations regarding the implementation of automotive telematics is expected to drive the market over the forecast period.

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Global Telematics Market: Regional Analysis
Geographic regions included in the global telematics market study are North America, Asia Pacific, Europe, South America, and Middle East & Africa along with its major countries. Among these regions, Europe is expected to have the largest share in the global market in a given forecasted period. There are more than 256 million passenger cars on Europe's roads today. The European Union government is taking several initiatives such as eCall to bring quick support in case of an accident and collision. In 2015, this regulation was made mandatory for all new cars to be equipped with eCall technology. Rising awareness for the safety of the driver, the cumulative market infiltration rate of mobiles and smartphones, and rigid automotive safety norms are a few factors boosting the market growth.

Market Segments: Telematics Market
o By Service
o Navigation
o Diagnostics
o On-demand Infotainment
o Fuel Management
o Maintenance
o Security

o By Technology
o Embedded
o Integrated
o Tethered

o By Application
o Automotive
o IT & Telecom
o Healthcare
o Others

o By Region (tentative)
o North America
? US
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Russia
o Asia Pacific
? China
? India
? South Korea
? Japan
? South-East Asia
o The Middle East and Africa
? Saudi Arabia
o South America
? Brazil

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About US:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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