Press release
Asia-Pacific Telematics Market Value and Volume with Status and Growth 2022 to 2027
The Asia-Pacific Telematics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Asia-Pacific Telematics Market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Asia-Pacific Telematics Market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Asia-Pacific Telematics Market.The Asia-Pacific telematics market is expected to register a CAGR of 10.5 during the forecast period (2022 - 2027).
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Top Leading Companies of Asia-Pacific Telematics Market are - Meitrack Group, Guangzhou Xingwei Information Technology Co. Ltd, Shenzhen Huabao Electronic Technology Co. Ltd, MiX Telematics Ltd, Concox Information Technology Co. Ltd, Trimble Inc., Arya Omnitalk Wireless Solutions Private Limited, iData Kft (iTrack), Bright Box Hungary Kft, Tata Consultancy Services Ltd, Efkon India Pvt Ltd, Tech Mahindra Limite and others.
Industry News and Updates:
- In October 2019, MiX Telematics updated its MiX Vision in-cab video solution, which delivers driver- and road-facing footage for fleet managers to conveniently obtain an accurate view of their fleet operations.
- In September 2019, Trimble released its X7 3D laser scanning system. The X7 is designed for surveying, construction, industrial, and forensic applications. The scanner features Trimble X-Drive technology, survey-grade self-leveling, and a smart calibration system.
Key Market Trends:
Passenger Car Segment to Drive The Market Growth
- The passenger car segment is expected to remain the major segment for the Asian telematics market, owing to a high sales rate. The passenger segment is mainly driving, owing to an increase in demand for safety and convenience telematics services. Countries, like China, India, Australia, Japan, among others, have major markets for passenger vehicles, and also the safety regulations for these vehicles are more stringent in these countries, which lead to the demand for high-end telematics services and connectivity solutions.
- The demand for self-driving cars in the region, making the OEMs introduce advanced telematics technologies and services which is expected to increase the market of the passenger car market. The Bengaluru-based(India) startup, iTriangle, is offering cloud-based telematics software solutions for manufactures its own IoT based tracking device. The company is highly optimistic about passenger car segments and is increasingly targeting the segment.
China is Expected to Hold a Major Market Share During the Forecast Period
- Due to the high degree of regulatory scrutiny and safety requirements in China, the automotive market is characterized by stringent qualification processes, zero-defect quality processes, functionally safe design architecture, high reliability, extensive design-in timeframes, and long product life cycles, which results in significant adoption of telematics solution in the sector.
- In regions, like Beijing, telematics is available to at around half of new vehicles, compared to around a quarter of them in Heilongjiang. Installation of embedded telematics in new vehicles witnessed a 30-40% increased in demand in 2019, compared to 2017. The countryÕs dominance in global automotive microcontrollers and microprocessors is also providing them the upper hand in the telematics control unit (TCU) manufacturing. The countryÕs recent investment in the 5G infrastructure market, (as a recovery step from COVID-19 outbreak), is further promoting the local manufacturing of 5G TCUs.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Asia-Pacific Telematics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Asia-Pacific Telematics Market (%),2016 - 2026
- Asia-Pacific Telematics Market Share, By Brand
- Asia-Pacific Telematics Market Share, By Company
- Asia-Pacific Telematics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Asia-Pacific Telematics Market Value Analysis & Forecast
- Promising Asia-Pacific Telematics Market Development by Major Companies
- Detailed Asia-Pacific Telematics Market Portfolio of the Major Companies
- Major Deals in the Asia-Pacific Telematics Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02285842376/asia-pacific-telematics-market-growth-trends-and-forecasts-2022-2027?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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