Press release
Automotive Telematics Market Worldwide Industry Growth, Top Companies, Trends by Manufacturers and Forecast by 2028
Automotive Telematics Market
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.
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
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.
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