Global Automotive Telematics Market - Competitive Analysis, Syndicated Research Report, Customized Report


Posted May 18, 2021 by bhushan25

Competitive Analysis • Robert Bosch • Continental AG • Qualcomm technologies • Verizon • Intel Corporation • Delphi Automotive Plc • LG Electronics • Harman International.

 
The global Automotive Telematics market size was worth $ XX million in 2019 and is projected to reach $ XX million by 2026, at a CAGR of XX% during the forecast period.Telematics could be a collection of automatic vehicle connectivity solutions usually supported cellular technology for both private and business users. Telematics technologies provide two-way wireless communication between vehicles notwithstanding there is geographical location. In 2017, the numerous trends seen within the automotive industry is that the availability of a large range of "value-added services" supported automotive telematics technology like roadside assistance, vehicle diagnostic, and smart maintenance service.Furthermore new trends and advancements in automotive sector are changing the market growth. But cost of installment and manufactures is hampering the market.
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Source: Secondary Databases, Primary Interviews and 99-Reports AnalysisGlobal Automotive Telematics Industry Dynamics -The major factors that drive the telematics market are safety and security concerns, 247 connectivity, superior driving features, provision of online vehicle diagnostics & maintenance alerts, advanced connectivity solutions, et al. .Rising availability of affordable telematics services through aftermarket is driving the expansion of automotive telematics globally. The Major restraints of the market are additional expenses borne by the customer for availing the telematics services, the threat of hackers breaching the safety and accessing data or causing a nuisance to the vehicle system, non-availability of constant & seamless connectivity, and lack of awareness among customers in specific regions are a number of the opposite restraints that are hampering the expansion of automotive telematics market.

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Global Automotive Telematics Market - Key Segment
Global Automotive Telematics Market
By Vehicle -
• Passenger cars
• Commercial vehicles
Global Automotive Telematics Market
By Vehicle -
• Safety & Security
• Information & Navigation
• Remote Diagnostics
Global Automotive Telematics Market - Geographical Analysis By geography, the global Automotive Telematics Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).North America is anticipated to possess a serious share within the global automotive telematics market. The U.S within the North America region is that the principal user of the automotive telematics systems. In North America, every vehicle insurance firm is either using or plans to use some kind of telematics solution, because it enables the insurance companies to reduce risk through monitoring of various aspects like maintenance, usage & security, etc. People are willing to pay a premium for features and options like safety devices and telematics. The key growth technologies in North America will likely be related to safety. This is often owing to emphasis from the National Highway Traffic Safety Administration (NHTSA) in reducing accidents and saving lives related to vehicle crashes.Global Automotive Telematics Market

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Competitive Analysis
• Robert Bosch
• Continental AG
• Qualcomm technologies
• Verizon
• Intel Corporation
• Delphi Automotive Plc
• LG Electronics
• Harman International.
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Categories Automotive , Engineering , Free
Tags #GlobalAutomotiveTelematicsMarket , #GlobalAutomotiveTelematicsMarketTrend , #GlobalAutomotiveTelematicsMarketSize , #GlobalAutomotiveTelematicsMarketGrowth
Last Updated May 18, 2021