September 5th, 2022
Global Automotive Telematics Market was valued at USD 33.70 Billion in 2021 and is expected to reach USD 91.85 Billion by the year 2028, at a CAGR of 15.4%.
Automotive Telematics Market report covers a detailed analysis of current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.
Data is either created in the vehicle unit and sent to the back-office systems, or data is pushed to the vehicle unit from the back-office systems, such as maps, weather predictions, stock updates, Internet data packets, and so on. This communication takes happen through a mobile phone or a device installed in the car. The car communicates and maps its whereabouts using a network of cellular towers and satellite technologies. Furthermore, rising demand for smartphone features in vehicles, automated driving technologies with passenger safety features, advancements in 5G connection, and increased government initiatives to establish an intelligent transportation system (ITS) are projected to boost market demand.
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The Major Players In The Automotive Telematics Market Include:
· Act Soft
· Airbiquity Inc
· Airiq Inc
· Astrata Group; At&T
· Box Telematics
· Continental AG
· Delphi Automotive Plc
· Garmin Ltd
· Harman International
· Intel Corporation
· LG Electronics
· Magneti Marelli S.p.A
Market has segmented the global Automotive Telematics market on the basis of type, application, and region:
The Automotive Telematics market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
· Information & Navigation
· Safety & Security
· Fleet Management
· Insurance Telematics
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By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases firstname.lastname@example.org and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Automotive Telematics Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Report covered the major key points:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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