Press release
Vehicle Telematics Market to Record Stellar CAGR of 18.3% between 2020 and 2027 | Agero Inc., WebTech Wireless Inc., Qualcomm Inc., DigiCore Holdings Ltd., etc
Vehicle Telematics Market
Market Size - USD 25.47 billion in 2018, Market Growth - CAGR of 18.3%, Market Trends - Proliferation of smart devices such as smartphones, and tablets
The global vehicle telematics market is expected to reach USD 98.27 Billion by 2026, according to a new report by Reports and Data. Vehicle telematics systems, composed of telecommunication and informatics, provide crucial information for drivers, such as information about live traffic status and weather forecast. Essentially, it is the vehicle monitoring systems which empowers the drivers to stay updated with real-time performance and safety of the vehicle. Information collected by the telematics system is beneficial in critical circumstances, for instance, to communicate instantaneously with the police or respective authorities for prompt action in case of an accident. Telematics systems assist automotive companies, insurers, and drivers with the highest safety feature.
The safety and security services of vehicle telematics comprise the automatic crash notification, emergency, and medical assistance, which are anticipated to stimulate market growth in the forecast period. As a component of the Automatic Crash Notification service the telematics control unit (TCU) monitors several crash sensors of the vehicle and in the occurrence of a crash it directs the details of the vehicular location and crash intensity as well as sends a voice call to the telematics call center so that emergency services are dispatched to the accident spot.
Fill in your details to get your hands on an Exclusive Sample of this Report https://www.reportsanddata.com/sample-enquiry-form/1504
Key participants include AirIQ Inc., OnStar Corporation LLC., ETAS Group, Agero Inc., WebTech Wireless Inc., Qualcomm Inc., DigiCore Holdings Ltd., Wireless Matrix Corporation, Trimble Transport & Logistics, and Minda Corporation Ltd. among others.
For the purpose of this report, Reports and Data have segmented global vehicle telematics market on the basis of service type, product type, component, vehicle type, communication technology, provider type, and region:
Service Type Outlook (Revenue, USD Million; 2016-2026)
Safety & Security
Information & Navigation
Entertainment
Diagnostics
Others
Product Type Outlook (Revenue, USD Million; 2016-2026)
Retrofitted
Embedded
Component Outlook (Revenue, USD Million; 2016-2026)
Hardware
Software
Vehicle Type Outlook (Revenue, USD Million; 2016-2026)
Passenger Vehicle
Commercial Vehicle
Communication Technology Outlook (Revenue, USD Million; 2016-2026)
V2X
V2P
V2C
Provider Type Outlook (Revenue, USD Million; 2016-2026)
OEM
Aftermarket
SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
Do you have questions about the Report or want to inquire about a Discount? Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/1504
The following years are used in this study to estimate the size of the Vehicle Telematics market:
Historical year: 2016-2018
Base year: 2019
Estimated year: 2020
Forecast years: 2020 to 2026
Further key findings from the report suggest
By service type, safety & security held the largest market share in 2018 and is expected to witness a CAGR of 18.1% in the forecast period. These are the primary services provided by means of telematics as well as the main driving factor responsible for the conceptualization of vehicular telematics.
Embedded vehicle telematics is projected to grow at the fastest rate in the forecast period.
Passenger vehicle segment contributed to the largest market share in 2018 and is expected to grow at a rate of 17.9% in the forecast period.
Hardware dominated the vehicle telematics market in 2018 and is projected to maintain its market dominance in the forecast period.
The market in the North America region is forecasted to lead the market during the forecast period.
View Exhaustive Market Research Report @ https://www.reportsanddata.com/report-detail/vehicle-telematics-market
In conclusion, the Vehicle Telematics Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.
Contact Us:
John Watson
Head of Business Development
Reports And Data
40 Wall St. 28th floor New York City,
United States, 10005
E-mail: sales@reportsanddata.com
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
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 Vehicle Telematics Market to Record Stellar CAGR of 18.3% between 2020 and 2027 | Agero Inc., WebTech Wireless Inc., Qualcomm Inc., DigiCore Holdings Ltd., etc here
News-ID: 1968443 • Views: …
More Releases from Reports And Data
Point Of Sale (POS) Software Market Insights into the Evolving Landscape of 2032
The latest report by Reports and Data on the global Point Of Sale (POS) Software Market. The report highlights the growing demand for APPLICATION POS software due to the increasing popularity of digital payment solutions and the shift towards cashless purchases accelerated by the COVID-19 pandemic. APPLICATION POS software enables secure and efficient transactions, making it highly sought-after by businesses and customers alike.
In addition to facilitating transactions, APPLICATION POS software…
Radio Persistence Coaxial Connector (RPC) Market Connecting the World A Look int …
The Global Radio Persistence Coaxial Connector (RPC) market The increasing demand for wireless communication systems and expanding usage of RPCs across various industries such as telecommunications, aerospace, defense, medical, and automotive, is driving the growth of the market. RPCs are widely used in communication devices, antennas, and other electronic equipment that require high-speed data transfer and dependable connectivity.
The projected revenue CAGR of 7.2% during the forecast period indicates a positive…
Point Of Sale (POS) Software Market Segmentation and Growth Opportunities in Ret …
The latest report by Reports and Data on the global Point Of Sale (POS) Software Market. The report highlights the growing demand for APPLICATION POS software due to the increasing popularity of digital payment solutions and the shift towards cashless purchases accelerated by the COVID-19 pandemic. APPLICATION POS software enables secure and efficient transactions, making it highly sought-after by businesses and customers alike.
In addition to facilitating transactions, APPLICATION POS software…
Drone Analytics Market The Growing Importance of Drone Analytics in Agriculture …
Demand for actionable insights from drone data is driving market revenue growth in a range of industries, including agriculture, construction, mining, and oil & gas. Drones have increased in popularity in recent years due to their ability to capture massive volumes of data more rapidly and inexpensively than traditional methods.
The global drone analytics market size was USD 3.93 Billion in 2022 and is expected to register a revenue CAGR of 31% over…
More Releases for Vehicle
Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market.
Sample PDF showcases the…
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two…
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes…
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular…
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports.
This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information.
In addition…
