Automotive Telematics Market Grow at CAGR of 14.8% Forecast to 2027 | Clarion, LG Electronics, Trimble Inc., Continental AG, I.D. Systems

Description

New Research Study "APAC Automotive Telematics Market 2021 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook" has been added to Coherent Market insight

The APAC automotive telematics was valued for US$ 13,644.7 Mn in 2019 is expected to exhibit a CAGR of 14.8% % during the forecast period.

Automotive telematics is a method of monitoring vehicle by combining onboard diagnostics with a GPS system. In other words, telematics is a piece of technology of sending, receiving, and storing information using telecommunication devices. Telematics is used in many applications namely fleet management, vehicle tracking, intelligent vehicle technologies, auto insurance, container tracking, etc. Automotive telematics uses telecommunications integrated with informatics for application in vehicles and to control vehicles on the move. Moreover, GPS technology is integrated with computers and mobile communication technology in automotive navigation systems. Systems such as automatic driving systems, driving assistance systems, vehicular emergency warning systems, global positioning system (GPS) navigation, and wireless safety communication have been created by an automotive telematics system.

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This report includes information on the industry's market growth as well as key segmentation variables that help the global APAC Automotive Telematics Market prosper in today's environment. The report also emphasises the importance of regional classification in the global APAC Automotive Telematics Market. Due to growing demand, the worldwide APAC Automotive Telematics Market will eventually create more revenue and have a higher market size than the previous projected period.

Major Key players in this Market:

· Denso Corporation
· Panasonic Corporation
· Clarion
· Masternaut Limited
· Continental AG
· Qualcomm Technologies Inc.
· LG Electronics
· Harman International Industries Inc.
· Trimble Inc.
· I.D. Systems

Drivers & Trends

To supplement their existing car marketing model, many original equipment manufacturers (OEMs) have developed new business models. These companies are investing heavily in telematics in order to capitalise on the market's untapped potential. Furthermore, customers have been signing up for a connected service with vehicle manufacturers for three or more years. OEMs have turned this into a source of revenue. Wireless carriers have begun to roll out services that make use of their next-generation networks. They are expected to pursue an increasingly aggressive strategy of service rollout, including location-based services, in the near future. As a result of these factors, the APAC automotive telematics market is expected to grow during the forecast period.

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Regional Classification

The APAC Automotive Telematics market is divided into five areas, each with its own development possibilities and current trends: Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East and Africa. The report was created through extensive research and analysis, as well as examination of numerous elements that may influence regional growth, such as each region's economic, political, environmental, technical, and social condition. It also includes a complete analysis of each region's recognised manufacturers, production, and revenue, as well as the top influencing elements, critical data, and data segmented both regionally and globally.

Method of Research

The purpose of this section's research is to examine the APAC Automotive Telematics market over the course of the review period using several validated metrics based on Porter's Five Force Model. As a result, a thorough examination of the market aids in identifying and emphasising the market's primary strengths and weaknesses as it progresses. Furthermore, the study was created using a combination of primary and secondary research, including interviews, surveys, and observations from seasoned analysts, as well as reliable paid sources, trade magazines, and industry body databases. Beyond important points in the industry's value chain, the study includes a complete qualitative and quantitative assessment based on data gathered from industry analysts and market players.

Reasons to Purchase this Report:

* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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