Automotive Telematics Market Trends, Size, Share, Growth Status, Key Segments and Forecast 2022 to 2031

As per the new research report of Astute Analytica, the global Automotive Telematics market is expected to grow at a CAGR of roughly 19.4% over the next ten years and will reach US$ 251.05 billion in 2031 from US$ 50.90 billion in 2022.

A brand-new "Global Automotive Telematics Market" analysis from Astute Analytica's experts offers details on market size, demand, growth trends, and future predictions. This study provides data on trends and growth prospects that will propel Automotive Telematics sales in important markets. For a comprehensive picture, the report contains sales predictions for more than 20 nations. The research also identifies the market sectors with the greatest growth. Additionally, it illustrates tactics employed by industry leaders to expand their businesses.

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Segmentation Overview

By Component segment:

Hardware
Self-contained Telematics Units (TCU)
GPS Devices
Software Platform
Services
Consulting
Implementation
Maintenance
Telematics as a Service
By Application:

Automatic Crash Notification
Billing Services
Driver Behavior
Emergency Calling
Insurance Risk Assessment
Navigation
On-Road Assistance
Remote Diagnostics
Vehicle Tracking/Recovery (Fleet Management)
Others
By Vehicle Type:

Light Commercial Vehicles
Passenger Car
Electric Vehicles
ICE Vehicles
Heavy Vehicles
Two-Wheeler
Others
By Connectivity:

Satellite
Cellular
By Sales Channel:

Aftermarket
OEMs
By Region:

North America
The U.S.
Canada
Mexico

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Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Singapore
Malaysia
Indonesia
Vietnam
Thailand
Myanmar
Rest of ASEAN
Rest of APAC
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America

As per our analysts, the goal of this analysis is to identify the growth factors, barriers to growth, significant trends, and potential threats that will affect the future of the Automotive Telematics industry. This research is intended to assist organizations in seizing potential business opportunities and becoming ready for unforeseen difficulties. Through research studies of businesses, we have stayed current with the most recent market research.

Additionally, the report closely collaborates with clients to help them comprehend technology, properties, and market environment statistics and assist them in creating creative and commercialization plans. The market revenue by nation and region is detailed in the report on global Automotive Telematics market. The authors of the report also offer insight into the most typical business tactics employed by actors.

Leading Players

Robert Bosch GmbH
Continental AG​
LG Electronics
Verizon
Harman International
Delphi Automotive Plc
Visteon Corporation​
Magneti Marelli S.P.A.​

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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This release was published on openPR.