Automotive Telematics Market Segmentation, Analysis by Recent Trends and Development by Regions to 2028

In automobile industry, telematics is a kind of communication technology that involves information flow from the vehicles via wireless networks. Telematics is convergence of location technology, wireless communications and in-vehicle electronics. Automotive telematics aims at transmitting vehicle data over cellular communication channel. In many instances, telematics units are equipped with GPS (Global positioning systems) units that provide vehicle location insights. Automotive telematics market is expected to grow positively in coming years.

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Companies Profiled in this report includes: Airbiquity Inc., Continental AG, HARMAN International, Masternaut Limited, MiX Telematics, Omnitracs, Teletrac Navman US Ltd, TomTom International BV, Trimble Inc., Verizon

MARKET SEGMENTATION

  Based on connectivity type, the global automotive telematics market is segmented into embedded, tethered and integrated.

On the basis of application, the market is segmented into infotainment, remote diagnosis, navigation, safety and security and others.

Based on vehicle type, the market is bifurcated into passenger car and commercial vehicles.

MARKET DYNAMICS

Drivers:

Growing production of passenger vehicles in many parts of the world.

Rising urbanization and increasing per capita disposable income to boost market growth of automotive telematics.

Rapidly advancing technology to further drive the demand for automotive telematics.

Restraints:

High cost of integration may hinder the market growth in some regions.

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 IMPACT OF COVID-19 ON AUTOMOTIVE TELEMATICS MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic resulted in economic crisis and hampered the buying capacity of the consumer. Spending on non-essential things was reduced to a great extent. This all has impacted the automotive telematics market negatively.

Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Telematics Market

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Automotive Telematics Market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.