The rise in the number of customers using Global Positioning System and loT based application is likely to favor market growth says Fortune Business Insights in a report titled “Automotive Telematics Solution Market Size, Share and Global Trend by Applications (Vehicle Tracking, Fleet Management), By Vehicle Type (Passenger Vehicles, Light, Heavy Commercial Vehicles), By Distribution Channel (OEM, Aftermarket) and by Geography Forecast till 2026”. Fast adoption of platform-as-a-service (PaaS) technology and digital radio modules in connected vehicles are expected to drive the growth of the automotive telematics solution market during the forecasted period says Fortune Business Insights.
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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Automotive Telematics market trends. The report is available for sale on the company website.
Major players in the global automotive telematics market are
- ID Systems Inc.
- Teletrac Inc
- Trimble Navigations and Omnitracs LLC
- FleetmaticsIrL Limited
- MiX Telematics
- Airbiquity Inc
- Masternaut Limited
- TomTom Telematics among others.
Increasing Demand For Diagnostic Data To Act As A Driver For The Automotive Telematics Market
Implementation of stringent regulations to promote vehicles and passenger safety is likely to drive the growth of the automotive telematics Solution market. Other aspects such as increased sales of mid and premium segment vehicles, growing inclination toward entertainment services, technological developments in 5G technology and autonomous vehicles are likely to boost the global market. The escalating demand for upgraded vehicle performance is driving the growth of the telematics solutions market.
The navigation and safety area is predicted to acquire the maximum share in the automotive telematics Solution market. The segment is driven by increasing consumer demand and rising adoption by automotive OEMs. Advancements in processing capabilities of the telematics control unit have introduced innovative features such as interactive voice- based command interface thatare integrated in vehicles. The increasing improvements in the felid of semi-autonomous vehicles and the production of premium cars are offering innovative driver safety features besides the 3D navigation services. Increased developments in semi-autonomous vehicles and high end cars are offering progressive driver safety. Besides that, various new passenger cars provide a free trail for infotainment services. however, the plan for renewal subscription is essential after the free trial is completed. The increasing demand for traffic and routing facilities along with continuous infrastructural developments are also expected to drive the telematics.
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Regional Analysis for Automotive Telematics Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Automotive Telematics Market:
- Executive Summary
- Market Dynamics
- Key Automotive Telematics Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Automotive Telematics Solution Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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Name: Ashwin Arora
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