OBD Telematics Market 2022 Top Manufactures, Growth Opportunities and Investment Feasibility 2027

OBD Telematics Market report provides information from major key players, geography, segmentation, competitor analysis, sales, revenue, price, market share, types, applications, and forecast 2022-2027. The OBD Telematics Market report provides an in-depth assessment of growth factors, market definition, manufacturers, market potential, and influencing trends to understand future demand and outlook for the global industry. A well-explained SWOT analysis, revenue sharing, and contact information are shared in this report analysis. It also provides information on the market in terms of development and its capacity.

The OBD Telematics Market is expected to register a CAGR of 49.63% over the forecast period 2022 – 2027.

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Top Key Vendors of this OBD Telematics Market are:

Delphi, Continental, Bosch, LG, Geotab, Danlaw, CalAmp, Automatic, Dash, Zubie, Xirgo Technologies, Mojio, Autonet.

Industry News:

May 2020 - MiX Telematics, a global fleet, and mobile asset management solution, has announced that Post Office, an eminent UK retailer, has renewed its contract with MiX Telematics. The company offers over 170 different products and services, including postal services, financial services, broadband and home phone, foreign currency, and travel insurance.

Major Types covered are:

SIM Card Type
Wifi Type
Others

Major Applications covered are:

Repair Technicians
State Agencies
Vehicle Owners
Vehicle and Engine Manufacturers
Others

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Key Market Trends

Smartphone Solution is Expected to Hold a Major Market Share

Smartphone telematics uses GPS and mobile phone sensors to collect data about driver behavior, location patterns, and apply it to urban transportation, insurance, fleet logistics, automotive, and other market verticals. This information helps to analyze crucial metrics like locations, geo zones, driving style, performance, and points of interest.
There are many advantages of smartphone telematics, such as reducing the cost of adopting UBI technology while retaining the benefits of usage-based insurance. The data collected through it remains highly accurate, while the insurance company does not have to pay for the manufacturing and distribution of UBI hardware.

The Asia Pacific Dominates the Market:

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 telematics market.

Regional Analysis of OBD Telematics Market (Regional Output, Demand & Forecast by Countries):

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.

The inquire about OBD Telematics Market report considers the past display and future execution of the worldwide market. The report advances investigations that show competitive situations, predominant commerce models, and the likely headways in offerings by critical players within the coming years.

Some Important Points in the Table of Content:

Detailed overview of OBD Telematics parent market
Changing market dynamics in the industry
In-depth OBD Telematics Market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on OBD Telematics Market performance

The OBD Telematics Market report has taken into account the impact analysis of the pandemic and has elaborated on the trends that will be crucial to the upcoming competitive landscape. The research reports of the OBD Telematics Market provide industry players with crucial support for customer base expansion within specific market spaces.

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