Vehicle Telematics Market to Exhibit a Remarkable CAGR of 18.5% by 2030, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the global vehicle telematics market which was USD 72,845.62 million in 2022, is expected to reach USD 2,80,587.32 million by 2030, and is expected to undergo a CAGR of 18.5% during the forecast period of 2023 to 2030.

Market Definition:

Vehicle telematics is an electronic technology that is used in automobiles to assist customers in keeping their vehicles safer, preventing them from becoming lost, and summoning roadside assistance. These telematics are also known as crash-resistant black boxes that receive wireless information that is more advanced than the radio.

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Some of the major players operating in the global vehicle telematics market are:

Verizon Connect (U.S.), Zonar Systems, Inc  (U.S.), TomTom Telematics (Netherlands), Robert Bosch GmbH  (Germany), HARMAN International  (U.S.), Volkswagen Commercial Vehicles  (Germany), MiX Telematics (South Africa), Omnitracs (U.S.), CalAmp (U.S.), Webfleet Solutions (Netherlands), Inseego Corporation (U.S.), OCTO Telematics Ltd. (Italy)

Competitive Landscape and Global Vehicle Telematics Market Share Analysis:

The global vehicle telematics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global vehicle telematics market.

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