Global Automotive Telematics Market Size, Status and Forecast 2021
Automotive telematics combines telecommunication and informatics to provide various services such as navigation, safety and security dynamically to vehicles. Currently, the global penetration of automotive telematics is currently around 48%.
Albany, New York, December 12, 2016: Technological advancements and involvement of information technology to improve the automotive experience in terms of safety compliance mandates, road infrastructure constrains and driver monitoring will drive the global market growth in the coming years. A new report focusing on these applications, products and services related to telematics in the vehicle has been added to the database of Market Research Hub (MRH). This research study is titled as “European Union, Japan, India, China, Southeast Asia and United States Automotive Telematics Market Size, Status and Forecast 2021” and analyzes the development status, market size in these regions from 2016 to 2021.
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Firstly, the report describes the need of automotive telematics and its scope along with its various applications and end users. Telematics is the technology of sending, receiving and storing the information through the use of telecommunication devices. In the automotive telematics, integrated use of telecommunication & informatics is successfully applied in vehicles. It provides required information while the vehicle is on the move. Some of the major application includes- vehicle tracking, wireless vehicle safety communication. The report also covers various end users for telematics which includes:
In addition to this, the growing concerns about the safety of the drivers has led to an increased uptake of telematics in the overall industry. Other mandates such as equipping vehicles with eCall facility has also improved to the norm of telematics in recent years.
Geographically, the report states that North America has the largest market share for automotive telematics system which is followed by Europe and Asia Pacific. Also, North America is expected to maintain its dominance in the forecasted period. On the other hand, the U.S. and Japan are the major users of automotive telematics system within the vehicle. Due to the increasing demand for vehicles equipped with telematics system in emerging markets of Asia Pacific majorly China, Japan and India is expected to drive the market in the given forecast period.
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Key players focused in the report includes, Agero, Verizon Telematics, Visteon, Airbiquity, AT&T, Bynx, Continental, Connexis, Fleetmatics Group, Magneti Marelli, Octo Telematics, PTC, Telecommunication Systems, TomTom International, Vodafone Automotive, GM, Luxoft and others. All of these companies are mentioned in detail along with company profiles, recent developments, products, services and revenue during 2011-2016. Continuous technological advancements by several new entrants as well as well-known players is projected to boost the growth of the overall market.
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Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry.
Dec 11, 2016