Video Telematics Market Growth Factors, Restraints, Segments and Regional Analysis With Key Companies Review

The Global Video Telematics Market 2021 by Regions, Type, and Application, forecast to 2026 research report is a comprehensive, methodical, and all-encompassing examination of the industry. The study's goal is to help key vendors, organisations, and end-users in the industry better grasp the benefits and complete features of market segments. It examines market dynamics and gives an overview to aid in the definition, categorization, and statistical analysis of markets. The present condition of the worldwide Video Telematics market, as well as its future prospects.

In accordance with the Video Telematics market is set to grow at a CAGR of 16.44% over the forecast period (2021-2026).

The report's authors used a unique and industry-leading research and analysis technique to conduct an in-depth analysis of the worldwide Video Telematics market. From 2021 through 2026, this study anticipates demand, trends, and revenue growth at regional and country levels, as well as an examination of industry trends in each of the sub-segments.

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In the worldwide market, there are a number of important and rising Video Telematics market Key players:

Cipia, Descartes, Sensata Technologies(SmartWitness), MiX Telematics, Lytx, Netradyne, Lightmetrics, Samsara, SmartDrive, Smarter AI, Vue, Zone Defense

Market segment by Type, covers:

Hardware

Software

The application covered in the report include:

Buses

Heavy Trucks

Others

Market Overview:

 The Video Telematics market is expected to register a CAGR  over the forecast period from 2021 to 2026. By enabling the capabilities of telecommunication and information technology, telematics is now being used across various industries for adequate transportation and logistics purposes. Recently, the application's focus has shifted from vehicle location and routing to solutions focused on drivers and their safety. By monitoring the driving behavior, vehicle health and maintenance intervals, telematics solutions help minimize accidental incidents, speeding tickets, and downtime.

According to Towers Watson, multinational risk management, insurance brokerage, and the advisory company, the telematics technology can help reduce high-risk behaviors in the young drivers, as approximated, by more than 30%, lowering claims costs in this age group by a bare minimum of 30%. Owing to such a possibility in passenger and driver safety applications, the advanced driver assistance systems (ADAS) and solutions are witnessing increased production and usage. From 45 million units in 2014 to 54 million in 2018, ADAS production has grown significantly. It is expected to flourish in the future, with 59 million units expected by the end of 2021, as reported by the Deutsche Bank.

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Asia-Pacific is Expected to Witness Significant Growth
With the emergence of electric vehicle and autonomous vehicles technology, the automotive industry is witnessing a massive transformation including the development of new areas such as Advanced Driver Assistance System (ADAS), Mobility-as-a-Service providers (MaaS) and CASE, the entry of new industries utilizing IoT technology, and the emergence of new services such as ride-sharing and car-sharing. All these applications require fast data transmission, analysis, and implementation. All these factors are mainly driving the growth in the Asia Pacific Video telematics market.

Regional Outlook:

This research report focuses on Video Telematics market volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.

Europe would enjoy the second spot where several factors like automation and better technical inclusion and Scope. The Asia Pacific region has better prospect in growing with a high CAGR in the coming years as the regional market would witness several changes in the infrastructure.

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Table of Contents: Video Telematics Market

Chapter 1: Global Video Telematics Market Overview

Chapter 2: Economic Impact on Industry

Chapter 3: Video TelematicsMarket Competition by Manufacturers

Chapter 4: Production, Revenue (Value) by Region

Chapter 5: Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Production, Revenue (Value), Price Trend by Type

Chapter 7: Video Telematics Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Video Telematics Market Effect Factors Analysis

Chapter 12: Research Conclusions of Global Video Telematics Market

Impact of COVID-19:

The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.

Report Customization:

The Global Video Telematics Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.

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