Automotive Embedded Telematics Market Opportunities and Forecasts, 2021-2027

Telematics uses mechanical or an electronic device to communicate with other devices or with individual users over a network. It allows fleet managers to gain the real-time access of a vehicle.
Automotive embedded telematics deals with sending and receiving information with the help of telecommunication devices. This system offers features such as GPS navigation, safety communications & emergency system, automatic driver assistance, and others. Integrating telematics systems with truck platooning is expected to offer several benefits such as minimized human interaction, reduced platoon disconnection, and others.

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The growth of the global automotive embedded telematics market is driven by increase in road accidents and vehicle mishaps. Rise in automobile number has created a need to maintain high safety standards, which further fuels the market growth. Moreover, surge in demand for fleet management solutions in logistics sector, regulatory mandates to improve vehicle & passenger safety, and rise in integration of tablets & smartphones in automobiles propel the growth of the market.
However, high cost of automotive embedded telematics and lack of standardization & technological challenges in the telematics industry limit the growth of this market. Emerging trends such as usage of cloud-based telematics and human machine interface are expected to provide numerous opportunities for this market to grow.

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The global automotive embedded telematics market is segmented on the basis of service and vehicle type. By service, the market is classified into information & navigation, remote diagnostics, safety & security, and entertainment. Based on vehicle type, it is categorized into passenger car, heavy commercial vehicle, and light commercial vehicle. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global automotive embedded telematics market is dominated by key players such as Teletrac Navman Group, Omnitracs, Autotrac, Fleetmatics, Masternaut Limited., Digicore Technologies, TomTom Telematics BV., Telogis, Trimble Inc., and MiX Telematics.

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Key Benefits

The study provides an in-depth analysis of the global automotive embedded telematics market and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global market from 2017 to 2023 is provided to determine the market potential.

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