Press release
Automotive Telematics Market Competitive Analysis, Future Prospects And Forecast 2030
The automotive telematics market accounted for US$ 42,410.97 million in 2022 and is expected to grow at a CAGR of 17.8% from 2022 to 2030. It is projected to account for US$ 1,57,485.12 million in the year 2030.It uses data collected through short-range communication and peer-to-peer and vehicle-to-vehicle communication to analyze what other vehicles, bikers, pedestrians, and others are doing and detect potential risks. Technological advancements and a growing focus on safety and convenience are among the major driving factors of the automotive telematics market in North America.
The List of Companies - Automotive Telematics Market
Verizon Communication Inc.
Geotab Inc.
Omitracs LLC
Samsara Inc.
Motive Technologies Inc.
Lytx Inc.
Zonar Systems Inc.
ORBCOMM Inc.
Trimble Inc.
Skybitz Inc.
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Telematic devices control several parameters, such as location, speed, maintenance requirements, and services. Automotive telematics is a system of monitoring vehicles such as cars, automotive equipment, trucks, and other assets with the help of GPS technologies.
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Regional Analysis:
The automotive telematics market in Canada is growing moderately owing to the rising demand from original vehicle manufacturers. Canada has the presence of five major automotive manufacturers: Ford Motors, Fiat Chrysler, Toyota, General Motors, and Honda. These companies require several automotive telematic devices to manufacture the final vehicle for consumers in Canada.
Contact Us: Ankit Mathur(Sr.Vice Persident - Research)
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.
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