Press release
Increasing use of Motor Racing Telematics (MRT) Market ill Reach At CAGR Of 16.17% Between 2017-2021
About Motor Racing Telematics
Automotive telematics system is a device which deals with communication (sending, receiving, and storing information) regarding the vehicle's present condition such as speed, acceleration, and other surrounding parameters. The telematics system collects information from different on-board sensors such as vehicle speed, braking system, advanced driver assistance systems (ADAS), airbags, and transmission control system. In the motorsports industry, telematics has helped in making racing more competitive by providing comprehensive information about the racing car such as accurate lap times, fuel consumption, and sector-wise analysis.
Technavios analysts forecast the global motor racing telematics market to grow at a CAGR of 16.17% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global motor racing telematics market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
APAC
Europe
North America
Technavio's report, Global Motor Racing Telematics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Agero
Airbiquity
Continental
Verizon Telematics
Visteon Corporation
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Other prominent vendors
AT&T
Bynx
Connexis LLC
Ericsson
Fleetmatics Group
Luxoft
Magneti Marelli
Octo Telematics
PTC
Robert Bosch
Comtech Telecommunications
TELENAV
Telogis
TomTom International
Valeo
Vodafone Automotive
WirelessCar
Market driver
Increasing use of electronic components leading to superior performance.
For a full, detailed list, view our report
Market challenge
Potential accessibility of data leading to data security issues in telematics systems.
For a full, detailed list, view our report
Market trend
Advanced telematics enabling connect car racing in motorsports.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.'
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