Press release
Automotive Telematics Market: Demand for Advanced Telematics Solutions in Vehicles to Boost Growth
Companies are also seeking mergers and acquisitions to expand their regional footprint and product portfolio. Strategies adopted by these companies aimed at bolstering business have a profound impact on the overall market operations. According to TMR, the global automotive telematics market is projected to exhibit a CAGR of 22.1% between 2017 and 2025. At this pace, the market’s valuation is expected to reach US$75.79 bn in 2025 from US$10.15 bn in 2016.
Obtain Report Details @ http://www.transparencymarketresearch.com/automotive-telematics-market.html
Based on application, the global automotive telematics market was led by the vehicle tracking segment, which held just over 30% of the market in 2016. Besides this, the market is also expected to witness rising demand from the fleet management and satellite navigation segment. Regionally, Asia Pacific emerged dominant in 2016 with a share of 33.5% in the overall market in 2016.
Increasing Demand for Telematic Solutions in Passenger Vehicles to Aid Growth
“The market is primarily gaining from the increasing demand for advanced telematics solutions in vehicles,” observed the TMR report’s author. Telematics, navigation technology, audio-video solutions, Bluetooth, WiFi, intelligent driving solutions are a few of the advanced telematics solution witnessing rising demand from consumers. In addition, the demand for vehicle tracing has surged significantly giving impetus to the global automotive telematics market.
Enter your information below to receive a sample copy of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3167
“Considering that the automotive telematics market is ancillary to the automotive industry, growth witnessed in the vehicle production will positively influence the market,” said a lead TMR analyst. Therefore in response to the increasing demand for high-performing passenger vehicles in the last few years, the global automotive telematics market has witnessed accelerated pace of gains. Besides this, the market is forecast to benefit from the recent technological advancements.
Rising Opportunities in Asia Pacific to Boost Market in Future
The rising demand from Asia Pacific is forecast to create lucrative opportunities for the overall market. The automotive industry in countries such as India, China, Japan, and Russia is forecast to grow at a rapid pace. Aided by this, the automotive telematics solutions manufacturers will witness considerable opportunities to capitalize on in the near future.
Furthermore, with the increasing disposable income, consumers around the world are likely to demand for more advanced vehicle models. As automobiles have ceased being just transport machines, the demand for advanced telematics solutions is expected to rise in the near future. Spurred by these factors, the global automotive telematics market will exhibit robust growth in the coming years.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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: Demand for Advanced Telematics Solutions in Vehicles to Boost Growth here
News-ID: 469237 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Telematic
Telematic Box Market Industry Analysis, Growth, Trends and Forecast - 2032
Telematic Box market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which…
Insurance Telematic Market 2021-2027 Global Industry Analysis | Agero, Aplicom
Industry analysis, growth development and current trends depicted in the Insurance Telematic market report are of great help for the new industry players entering into the market. This market report delivers complete overview of the significant factors that will imapct the market growth such as drivers, restraints, and opportunities for the players, challenges, current trends and technological advancements. This Insurance Telematic market report does the thorough assessment of the market…
Insurance Telematic Market Projected to Show Strong Growth
Latest Study on Industrial Growth of Global Insurance Telematic Market 2019-2025. A detailed study accumulated to offer Latest insights about acute features of the Insurance Telematic market. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends…
Telematic Box Market will reach 5760 million US$ in 2023
New report published by Global Info Research which offers insights on the global Telematic Box market.
A Telematic Box in the automobile industry refers to the embedded system on board a vehicle that controls tracking of the vehicle.
Click to view the full report TOC, figure and tables：
https://www.globalinforesearch.com/global-telematic-box-market_p90860.html
Global Telematic Box Market: Forecast by Type / Application / Region
The worldwide market for Telematic Box is expected to grow at a CAGR of roughly…
Nebula Systems confirm telematic chipset, NC1701, first commercial firmware rele …
Latest firmware update to their “NC1701 Enhanced Vehicle Communications Controller” takes it out of the Beta test phase and into commercial use.
Connected Car Innovators Nebula Systems have released an exciting new hardware solution to greatly increase access to valuable vehicle data.
The NC1701 is a dedicated vehicle communications chip solution capable of extracting OEM data from any vehicle. It can be embedded into any telematics device and has been designed…
Vehicle Telematic Market Research|2018-2023| Embedded, Tethered
Vehicle Telematic Market report provides current, accurate, and reliable statistics of the Vehicle Telematic market with an in-depth analysis by industry experts along with projections to 2023 that will help you decide different strategies to boost your sales, decrease the operations cost etc.
Telematics is the term used to refer to the wireless connectivity between a vehicle and a telecommunication infrastructure. Telematics is an integrated technology where telecommunication and IT technologies…
