Driving the Future : Automotive Telematics Market Accelerates Towards Smart Mobility Forecast, 2019-2026

According to a recent report published by Allied Market Research, titled, "Automotive Telematics Market by Channel type, Vehicle Type, Application, and Connectivity Solution: Global Opportunity Analysis and Industry Forecast, 2019-2026," The global automotive telematics market size was valued at $50.40 billion in 2018, and is projected to reach $320.60 billion by 2026, registering a CAGR of 26.8% from 2019 to 2026. By channel type, the OEM segment was the highest contributor to the market in 2018, accounting for $ 33.7 billion, and is estimated to reach $ 225.6 billion by 2026, registering a CAGR of 27.9% during the forecast period. In 2018, the market share accounted highest for North America.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/601

𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭

The commercial vehicle segment held the lion's share in 2018, accounting for around two-thirds of the global automotive telematics industry, owing to growth in manufacturing and construction industry in the developing countries such as China and India coupled with development of logistics infrastructure. However, the two-wheeler segment is estimated to portray the fastest CAGR of 31.4% during the forecast period, owing to the increased need for digitally connected two-wheelers and newer collaborations involving automotive manufacturers, suppliers, technology companies, telecom operators, insurance firms, government policy makers, transport operators.

𝐏𝐫𝐢𝐦𝐞 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐟𝐨𝐫 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭

Government regulations for vehicle telematics, rise in trend of connectivity solution, ease of connectivity diagnosis, and surge in use of cloud-based technology for automotive telematics solutions have boosted the growth of the global automotive telematics market. However, threat of data hacking, high installation cost, and lack of uninterrupted & seamless Internet connectivity hamper the market. On the contrary, intelligent transportation system, improved performance of autonomous vehicles, better driver and vehicle safety, and enhancement of business decisions for fleet owners are expected to create lucrative opportunities in the near future.

𝐎𝐄𝐌 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐭𝐲𝐩𝐞 𝐭𝐨 𝐨𝐩𝐞𝐧 𝐧𝐞𝐰 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Based on channel type, the OEM channel segment held the largest share in 2018, contributing to more than two-thirds of the global automotive telematics market, as automotive OEM telematics services focus on building an ongoing relationship with customers by providing solutions, which create a better user experience, developing new models, and meeting regulatory demands for vehicles. Moreover, the segment is also projected to register the fastest CAGR of 27.9% during the study period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/601

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐡𝐞𝐥𝐝 𝐥𝐢𝐨𝐧'𝐬 𝐬𝐡𝐚𝐫𝐞

The market across North America dominated the market in 2018, contributing to more than one-third of the market, owing to rise in need to manage fleet in a more efficient way, technological advancements, and increase in concerns over safety of vehicle & driver. Moreover, the increased demand for smart fleet management systems, smart technologies, government initiatives, and advent & integration of IoT & information, communication, & technology particularly into automobiles are the factors responsible for the market growth. On the other hand, the global automotive telematics market across Asia-Pacific is projected to manifest the fastest CAGR of 29.7% during the forecast period, owing to rise in demand for smart transportation and increase in concerns regarding safety of vehicle & driver, implementation of stringent government regulations toward vehicle maintenance & tracking.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Masternaut Limited
TomTom Telematics B.V
Trimble Inc.
Omnitracs
VERIZON,
I.D.Systems, Inc.
Airbiquity Inc.
Harman International Industries, Inc.
MiX Telematics
Teletrac Navman
CARTRACK

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-telematics-market/purchase-options

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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