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Automotive Telematics Market Expecting Worldwide Growth by 2020

01-19-2017 02:46 PM CET | Tourism, Cars, Traffic

Press release from: Persistence Market Research Pvt. Ltd

Telematics, Telematics market, Automotive Telematics Market, Automotive Telematics

Telematics, Telematics market, Automotive Telematics Market, Automotive Telematics

On the bases of usage of telematics within the vehicle the global automotive telematics market can be bifurcated into CE telematics, embedded telematics and hybrid telematics. Automotive telematics is used for various applications while the vehicle is on the move. Major application includes vehicle tracking (monitoring the location, movements and status of a vehicle), trailer tracking (movements and position of an articulated vehicle's), wireless vehicle safety communication (electronic sub-system in a car or other vehicle providing information about road hazards and location and speed of the vehicle and container tracking.

TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/3318

Telematics is referred as information technology that deals with long distance communication and transmission of computerized information. Telematics is the technology of sending, receiving and storing information through the use of telecommunication devices. Automotive telematics is integrated use of telecommunications and informatics applied in the vehicles, providing required information while the vehicle is on the move. Automotive telematics includes global positioning system technology integrated with communication technology within the vehicle such as navigation system.

North America has the largest market share for automotive telematics system, followed by Europe and Asia Pacific. The U.S. and Japan are the major users of automotive telematics system within the vehicle. North America is expected to maintain its dominance in the forecasted period.

However, Asia Pacific region is expected to witness highest growth in coming future. Increasing domestic demand for wireless communication system within the vehicle in the developing countries such as China and India are expected to boost the Asian automotive telematics market.

Increasing demand of integrated wireless communication system within the vehicle by the drivers and passengers is driving the global automotive telematics market. Additionally, government regulation in various countries for the use of automotive telematics system within the vehicle is expected to increase the automotive telematics systems in the forecasted period. Also, increasing demand for vehicles equipped with telematics system in the emerging market of Asia Pacific majorly China, India, South Korea and Japan is expected to drive the global automotive telematics system market in the forecasted period.

Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3318

Increasing government regulation and consumer willingness to pay more for telematics equipped vehicles is prompting the market leaders to invest in the emerging markets of Asia Pacific. Some of the major companies operating in the global automotive telematics market are Visteon Corporation, Intel Corporation, Mix Telematics, Verizon Communications Inc, Delphi Automotive Plc, Agero Inc, Airbiquity Inc, Robert Bosch Gmbh and Continental Ag.

Key points covered in the report

• Report segments the market on the basis of types, application, products, technology, etc (as applicable)
• The report covers geographic segmentation

o North America
o Europe
o Asia
o RoW

• The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
• The report provides company profiles of some of the leading companies operating in the market
• The report also provides porters five forces analysis of the market.

About Us

Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

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