Automotive Telematics Market Size, Business Opportunities By Leading Players, Expansion, Merger, Acquisition
Automotive Telematics Market Size – USD 63.83 Billion in 2019, Market Growth – CAGR of 26.4%, Market Trends – Adoption of technology in the automobile sector.
Rise in adoption of web-based services and convenience of advanced communication technology offer vast growth opportunities for fleet management businesses. Major technologies utilized in the market embody GPS trailing system, telematics and M2M communication, among others. In telematics and M2M devices, with sturdy communication network, fleet management activities are often simply handled, and have a fast access and response mechanism.
On the other hand, the threat of knowledge hacking, high installation price, and therefore the dearth of unceasing and seamless net property impede the market to some extent. Withal, the good transportation, increased performance of autonomous vehicles, higher driver and vehicle safety, Associate in Nursingd improvement of business selections for fleet house are expected to form an array of opportunities within the industries.
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Global Automotive Telematics Market: Competitive Outlook
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner. Alongside describing the vast competitive landscape of the Automotive Telematics market, the report estimates the CAGR for the market during the projected timeframe.
Key participants include Trimble Inc., Omnitracs, Verizon, I.D.Systems Inc., Masternaut Limited, Airbiquity Inc., TomTom Telematics B.V, Harman International Industries, Inc., MiX Telematics, Teletrac Navman, and Cartrack.
The report is further segmented into the major regions of the world with regards to production and consumption patterns, import/export, market size and share, revenue contribution, growth rate, and supply and demand ratio for the forecast period 2021-2028. The findings of the report explain various aspects of the market, such as market status, developmental prospects, key regional segments, renowned market players, product offerings, end-use industries.
An extensive analysis of the Global Automotive Telematics market based on the key geographies of the world offers a strategic insight into the market size and market share of the industry. The key regions include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The latest research report specializes in the in-depth analysis of the macroeconomic and microeconomic factors affecting the global Automotive Telematics market development. The report also concentrates on the regulatory framework that is shaping the future of the global market. New and existing pricing structures, emerging application areas, and upcoming investment opportunities have also been detailed in the report. The report encapsulates the significant effects of the coronavirus pandemic on the Automotive Telematics industry and its key segments. The study, therefore, inspects the grave impact of the pandemic on this industry vertical, its leading players, distribution channels, supply chains, and the overall economic landscape.
For the purpose of this report, Emergen Research has segmented the global Automotive Telematics Market on the basis of vehicle type, applications, connectivity solutions, and region:
- Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Passenger Vehicle
- Commercial Vehicle
- Applications Outlook (Revenue, USD Billion; 2017-2027)
- Asset/Fleet Management
- Navigation and Location Based System
- Infotainment System
- Insurance Telematics
- Safety and Security
- Connectivity Solutions Outlook (Revenue, USD Billion; 2017-2027)
- Integrated Smartphones
- Applications Outlook (Revenue, USD Billion; 2017-2027)
- Park Assist System
- Lane Departure Warning System
- Adaptive Cruise Control System
- Autonomous Emergency Braking System
- Blind Spot Detection
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The report has been specially curated to offer a deep understanding of the competitive terrain of the global market, highlighting the leading market rivals, their market positions, product portfolios, gross revenue shares, profit margins, pricing analysis, sales network & distribution channels, and financial standing.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8 year analysis of the Global Automotive Telematics Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
The report also provides a comprehensive analysis of the key companies as well as new players emerging in the industry. The report discusses in detail the recent technological trends, business initiatives such as mergers and acquisitions, joint ventures, collaborations, etc., product portfolio and advancements, and different investment strategies adopted by the companies to cater to a global audience and gain a robust footing in the market.
Global Automotive Telematics Market Report – Table of Contents:
- Chapter 1 includes the global Automotive Telematics market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Automotive Telematics market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Automotive Telematics market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Automotive Telematics industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
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