Press release
Automotive Telematics Market is Expected to Cross USD 34.52 Billion by 2031 - New Insights from TMR
Automotive Telematics Market
The global automotive telematics market is experiencing rapid growth, driven by factors such as advancements in connectivity technologies, increasing consumer demand for in-vehicle services, and regulatory mandates for vehicle safety and emissions. Key trends shaping the market include the integration of 5G connectivity, expansion of IoT applications, and emergence of autonomous vehicle technologies.
Don't miss out on the latest market intelligence. Download the Sample Copy Now@https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3167&utm_source=Openpr&utm_medium=Bhushan
Key Drivers:
• Rising Demand for Connected Features: Consumers are increasingly interested in connected car features like navigation, remote diagnostics, emergency assistance, and in-vehicle entertainment, all powered by telematics.
• Focus on Safety and Security: Telematics systems enable features like eCall (automatic emergency call) and stolen vehicle tracking, enhancing safety and security for drivers.
• Government Regulations: Certain regions are mandating emergency call systems like eCall, driving the adoption of telematics in new vehicles.
• Fleet Management Solutions: Telematics plays a vital role in fleet management by facilitating real-time vehicle tracking, fuel efficiency monitoring, and driver behavior analysis.
• Advancements in Technology: The development of 5G connectivity, cloud computing, and artificial intelligence (AI) is creating new possibilities for advanced telematics applications.
Major Players:
• Agero Inc.
• Clarion Co., Ltd.
• Continental AG
• Delphi Technologies
• Denso Corporation
• Embitel Technologies
• HARMAN International
• Inseego Corp
• Intel Corporation
• LG Electronics
• Luxoft
Recent Developments:
• Continental AG partnered with a leading tech company to develop a new telematics platform for advanced driver-assistance systems (ADAS).
• Harman International unveiled a new telematics solution with AI-powered features for personalized in-vehicle experiences.
• Robert Bosch introduced a cybersecurity solution specifically designed to protect connected car systems from cyberattacks.
Click Here to Get Sample PDF@https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3167&utm_source=Openpr&utm_medium=Bhushan
Company Strategies:
• Developing Innovative Telematics Solutions: Companies are focusing on R&D to create advanced telematics solutions with features like real-time traffic updates, predictive maintenance, and driver behavior monitoring.
• Partnerships and Collaborations: Strategic partnerships with car manufacturers, technology companies, and mobile network operators are crucial for market growth.
• Focus on Data Security and Privacy: Building trust with consumers requires robust data security measures and transparent data usage policies.
• Expanding into Emerging Markets: Major players are targeting emerging markets with high growth potential in the automotive and telematics sectors.
Five Frequently Asked Questions (FAQs):
• What is the growth rate of the automotive telematics market?
The market is expected to grow at a CAGR of 10.1% to 18% during the forecast period.
• What are the key factors driving the market?
Rising demand for connected features, safety regulations, focus on fleet management, and advancements in technology are key drivers.
• What are the challenges faced by the market?
Data privacy concerns, high initial investment costs, standardization issues, and cybersecurity threats are major challenges.
• What is the segmentation of the automotive telematics market?
The market is segmented by product (embedded, integrated, tethered), service (safety & security, information & technology, insurance), sales channel (OEM, aftermarket), and region (North America, Europe, Asia Pacific, etc.)
• Who are the major players in the market?
Leading players include Continental, Harman, Bosch, Verizon, AT&T, Qualcomm, Xylink, Trimble, NXP Semiconductors, and WABCO.
To buy this comprehensive market research report, Click Here@https://www.transparencymarketresearch.com/checkout.php?rep_id=3167<ype=S
Why Buy This Report:
• Comprehensive analysis of the global automotive telematics market, including recent developments, company strategies, and challenges.
• In-depth insights into market dynamics, including drivers, restraints, opportunities, and threats.
• Detailed examination of key players, their product offerings, and market strategies.
• Strategic recommendations for stakeholders to capitalize on emerging trends and gain a competitive edge.
• Valuable information for investors, automotive OEMs, telecommunications providers, and other industry participants to make informed decisions and plan their strategies effectively.
More Trending Research Reports-
Automotive Printed Electronics Market Size & Share to Surpass USD 115.2 billion by 2031 - https://www.globenewswire.com/en/news-release/2024/01/29/2819051/32656/en/Automotive-Printed-Electronics-Market-Size-Share-to-Surpass-USD-115-2-billion-by-2031-Transparency-Market-Research-Inc.html
Automotive Airbag Market Size to be Worth USD 22.7 billion by 2031- https://www.globenewswire.com/en/news-release/2023/12/15/2796905/32656/en/Automotive-Airbag-Market-Size-to-be-Worth-USD-22-7-billion-by-2031-Grow-at-CAGR-of-7-2-Transparency-Market-Research-Inc.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Telematics Market is Expected to Cross USD 34.52 Billion by 2031 - New Insights from TMR here
News-ID: 3443858 • Views: …
More Releases from Transparency Market Research Pvt Ltd
Resistance Spot Welding Machines Market Expected to Expand at 5.9% CAGR, Reachin …
Resistance Spot Welding Machines Market Outlook 2034
The global resistance spot welding machines market was valued at US$ 3.4 Billion in 2023 and is expected to reach US$ 6.2 Billion by 2034, growing at a CAGR of 5.9% from 2024 to 2034. Rising demand from the automotive and manufacturing industries, where high-speed and reliable welding processes are essential, is fueling market growth. Technological advancements and increasing automation in production lines are…
Electrolyzer Market Size Forecast to USD 5.6 Billion by 2034 with a Focus on Gre …
Electrolyzer Market Outlook 2034
The global electrolyzer market was valued at US$ 509.9 Million in 2023 and is projected to reach US$ 5.6 Billion by 2034, growing at a remarkable CAGR of 24.5% from 2024 to 2034. Surging demand for green hydrogen as a clean energy source is a major driver of market growth. Supportive government policies, advancements in electrolyzer technologies, and the global push toward decarbonization are further accelerating the…
Global Demand for Functional and Fashionable Sportswear to Push Golf Apparel & S …
Golf Apparel and Shoes Market Outlook 2034
The global golf apparel & shoes market was valued at US$ 10.0 Billion in 2023 and is expected to reach US$ 16.7 Billion by 2034, growing at a CAGR of 4.9% from 2024 to 2034. Market growth is driven by the rising popularity of golf as both a recreational and professional sport, along with increasing participation rates globally. Innovation in performance-enhancing fabrics and footwear…
Rising Demand for Eco-friendly Menstrual Solutions to Propel Organic Period Care …
Organic Period Care Products Market Outlook 2034
The global organic period care products market was valued at US$ 2.6 Bn in 2023 and is projected to reach US$ 5.2 Bn by 2034, expanding at a CAGR of 6.6% from 2024 to 2034. Growth is fueled by rising consumer awareness about menstrual health, environmental sustainability, and the harmful effects of synthetic materials. Increasing preference for chemical-free, biodegradable, and skin-friendly products is driving…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
