Press release
Automotive Telematics Market to Reach a Valuation of US$ 53,280 by 2022
OEMs will remain the largest sales channel for automotive telematics throughout the forecast period. Increasing strategic partnerships and collaborations between telematics component manufacturers and top automotive companies is reassuring OMEs’ dominance.
Request For Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=45
On the basis of services, the safety & security segment is projected to account for the largest revenue share of the market over the forecast period. By the 2017-end, this service segment is likely command for more than half of global revenues. Meanwhile, integration of automotive telematics is steadily increasing in several other services segments including entertainment, navigation and information.
By product type, the embedded segment is projected to surpass a valuation of US$ 23,701 Mn towards the end of 2022, registering a strong CAGR. In addition, the segment currently accounts for close to half of the market value. During the forecast period, the tethered segment is projected to witness the highest CAGR.
Check Discount @ https://www.factmr.com/connectus/sample?flag=D&rep_id=45
Based on vehicles types, the passenger car segment presently accounts for over one-half market share in terms of revenue and is projected to reach a market valuation in excess of US$ 28,530 Mn by the end of projection period. This is mainly attributed to growing need for efficient wireless communication systems in vehicles.
Among region, Europe is expected to remain the frontrunner in the global automotive telematics market in terms of revenue over 2022. This is primarily due to presence of some of the leading auto component manufacturers and automotive companies in the region. Meanwhile, the market in Asia Pacific excluding Japan (APEJ) is expected to expand at the highest CAGR over the forecast period.
Competition Tracking
Some of the leading players in the global market for telematics include Verizon Telematics, Inc, TomTom N.V, Magneti Marelli S.p.A, Delphi Automotive Plc, Visteon Corporation, Harman International Industries, Incorporated, Trimble Inc, Masternaut Limited, Airbiquity Inc., and Robert Bosch GmbH. In order to increase market presence, many of these companies are actively focusing on adding new features to their products as well as trying to integrate telematics with a wider range of vehicle components.
Click to View Complete Report @ https://www.factmr.com/report/45/automotive-telematics-market
About Us
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
Office: Dublin 2
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-6111-593
( Dublin 2 )
Email: sales@factmr.com
Web: https://www.factmr.com
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 to Reach a Valuation of US$ 53,280 by 2022 here
News-ID: 691606 • Views: …
More Releases from Fact.MR
Agricultural Film Market is forecasted to reach US$ 21 billion with 5.9% CAGR by …
Fact.MR, a market research and competitive intelligence service, states that historically, the use of Agricultural Films grew at a 3.5% CAGR from 2016 to 2020, with the United States, China, India, and Japan holding a sizable portion of the global market. by 2021, the greenhouse film industry is expected to have grown to a valuation of over US$ 10 billion, largely due to price increases in agricultural films.
For More Insights…
Medical Equipment Rental Market is projected to expand at a CAGR of 5.5% to reac …
The latest industry analysis from Fact.MR, a company that offers competitive intelligence and market research, projects that the global Medical Equipment Rental Market will grow at a 5.5% CAGR and reach US$ 98 billion in size by the end of 2033.
The industry that deals with the short-term rental or lease of medical equipment to healthcare facilities, organizations, and individuals is known as the "medical equipment rental market." The goal of…
Craft Beer Market is forecasted to reach a value of US$ 174.68 Billion by 2032
The worldwide craft beer market was expected to be worth $76.3 billion in 2020 and $81.64 billion in 2021. The market will grow at a steady CAGR of 6.9% between 2022 and 2032. By the end of 2032, this market is predicted to have a global valuation of US$174.68 billion.
The surge in demand for more beer styles coupled with increase in per capita income among the target customers has triggered…
Window Blinds Market Forecasted to Achieve US$ 4.69 Billion by 2034
The global window blinds market is expected to reach $2.99 billion in 2024, growing at a 5.8% CAGR to $4.69 billion by the end of 2034.
Window blinds are adjustable window coverings made of slats or vanes, allowing for versatile control over light and privacy. They come in various materials, including wood, metal, or plastic, and can be easily adjusted to regulate sunlight and maintain privacy. Unlike heavy curtains, blinds are…
More Releases for Telematics
Drone Telematics Market 2021 Strategic Assessments - Octo Telematics, Verizon Te …
The Global Drone Telematics Market Size, Status and Forecast 2021
The Global Drone Telematics Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances…
Coronavirus Impact Assessment on Insurance Telematics Market 2020-25 Business In …
Telematics car insurance is when your insurance provider monitors your driving habits and adjusts your car insurance premiums based on how you drive. Provider will be able to track things like your driving speed, how you brake and how you handle corners.
The research report on 'Insurance Telematics market' is now available with Market Growth Insight with detailed study on crucial factors, such as drivers, hampering factors, strengths, weakness, trends,…
What's driving the Drone Telematics Market trends? Octo Telematics, Verizon Tele …
Market Research Intellect has recently published a report on the Global Drone Telematics Market, which presents a detailed market analysis and gives accurate market forecasts for the coming years. The study serves as an exhaustive database for any individual or company interested in the Drone Telematics sector, offering essential information about the industry to help readers make strategic investments. The study includes vital information about the market, which is pictorially…
Global Telematics Software Market 2019, Global Telematics Software Market Price, …
Global Telematics Software Market Growth (Status and Outlook) 2019-2024 gives detailed insight, industry knowledge, analytics, and market forecasts for 2019 to 2024 time period. The report provides market-driven results derived from feasibility studies for client needs. The report verifies qualified and verifiable aspects of Telematics Software market data operating in the real-time scenario. The research study aims to assist industry leaders to make confident capital investment decisions, develop strategic plans,…
Global Commercial Vehicle Telematics Solution Market Report 2019-2023 : Trimble, …
Commercial Vehicle Telematics Solution Market 2019 Research report contains a qualified and in-depth examination of Commercial Vehicle Telematics Solution Market. At first, the report provides an overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. It also covers detailed competitive outlook including the Commercial Vehicle Telematics Solution market share and company profiles of the key participants operating in…
Automotive Embedded Telematics Market | TomTom Telematics, Mix Telematics, Omnit …
Automotive Embedded Telematics Market to witness healthy CAGR during the forecast period driven by increasing integration of the telematics systems into passenger and commercial vehicles. It allows vehicles to communicate with other devices or with an individual user over a network. Furthermore, the supportive government initiatives for safety & security of the vehicles such as the European Union’s eCall Initiative and Russia’s ERA-GLONASS also augment the demand for the…
