Press release
Automotive Telematics Global Market 2023 : Industry Analysis, Size, Share, Growth, Trend And Forecast 2032 | Trimble Inc., Omnitracs, I.D.Systems Inc., Verizon, Airbiquity Inc.
Automotive Telematics Market Forecast
As per the automotive telematics market report by The Business Research Company, government regulations for vehicle telematics are contributing to the growth of the automotive telematics market. The governments across the globe are making continuous efforts to make roads safer and also notified prescribed norms related to safety measures.
The global automotive telematics market size grew from $100.06 billion in 2022 to $132.87 billion in 2023 at a compound annual growth rate (CAGR) of 32.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive telematics market size is expected to grow to $360.56 billion in 2027 at a CAGR of 28.3%.
Read More On The Automotive Telematics Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-telematics-global-market-report
Major competitors in the Automotive Telematics market include Masternaut Limited, TomTom Telematics B.V, Trimble Inc., Omnitracs, I.D.Systems Inc., Verizon, Airbiquity Inc., Harman International Industries, MiX Telematics, Teletrac Navman, Cartrack, AirIQ Inc., Actsoft, idem telematics GmbH, and Microlise Limited.
The Automotive Telematics market is segmented -
By Connectivity Solutions Type: Embedded, Integrated smatphones, Tethered
By Sales Channel Type: OEM, Aftermarket
By Application Type: Fleet/Asset management, Navigation and location-based system, Infotainment system, Insurance telematic, Safety and security
By Vehicle Type: Commercial cars, Passenger vehicles, Two-wheelers
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automotive Telematics market.
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Automotive telematics refers to fleet monitoring or GPS vehicle tracking and is an important management tool for many commercial and government fleets. The system may report on practically every parameter, including speed and idle, as well as fuel consumption, low tire pressure, and more. A telematics device's primary components include a GPS receiver, accelerometer, SIM card, engine interface, and others. It is used to track automobiles, trucks, equipment, and other assets and plot their movements on a computerized map.
The Table Of Content For The Automotive Telematics Market Include:
1. Executive Summary
2. Automotive Telematics Market Characteristics
3. Automotive Telematics Market Trends And Strategies
4. Automotive Telematics Market - Macro Economic Scenario
5. Automotive Telematics Market Size And Growth
……
25. Key Mergers And Acquisitions In The Automotive Telematics Market
26. Market Background: Nursing Care
27. Automotive Telematics Market Opportunities And Strategies
28. Automotive Telematics Market, Conclusions And Recommendations
29. Appendix
The "Global Automotive Telematics Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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