Europe Automotive Telematics Market was Led by Germany

The Europe automotive telematics market will advance at a rate of 16.1% in the years to come and reach to a value of USD 37,249.8 million by 2030.

The increasing requirement for enhanced safety features in vehicles, along with the existence of supportive regulations of the government, is the important factor powering the industry, as stated by a market research institution, P&S Intelligence.
The embedded category dominated the industry, based on product type. Also, the category well continues its ascendence in the years to come, mainly as a result of the mandates of the EU to integrate the essential passenger safety solutions in automobiles.

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Though, the commercial vehicle category will have a considerable share in the years to come. The increasing acceptance of Next-Gen Telematics Protocol for enhancing telematics service delivery and the strict government guidelines for organizing vehicle tracking features in commercial vehicles are promoting the market growth.

Germany dominated the Europe automotive telematics market and the trend will continue to grow in the years to come. Factors including tech progressions and the policies of the government associated with vehicle and passenger safety will boost the requirement for automotive telematics solutions in the nation.

Also, the existence of key players for example Trimble, Webfleet Solutions, and Teletrac Navman delivering telematics products and services, in addition to the increasing consciousness amongst consumers pertaining to the road safety and growing acceptance of telematics by fleet owners, is powering the requirement for telematics solutions in the industry of the nation.

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The growing requirement for enhanced safety features in automobiles and more-well-organized road traffic is the key factor powering the growth of the industry. Serious injuries, road traffic and deaths are some opposed outcomes of road transport, with human error being one of the main reasons of crashes on the road. In accordance with the Community database on Accidents on the roads in Europe in 2018, road accidents in European Union member nations claimed about 25,600 lives and left over 1.4 million injured in the past.

People want a number of safety features in the automobiles, and there are also supportive government regulations, and this powers the growing demand for automotive telematics solutions in Europe.

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