Automotive Telematics Market Is Expected To Reach Nearly US$ 145 Billion By 2032

The Automotive Telematics Industry sales study offers a comprehensive analysis on diverse features including production capacities, Automotive Telematics demand, product developments, sales revenue generation and Automotive Telematics market outlook across the globe.

170 page market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Automotive Telematics  market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

The global automotive telematics market was valued at around US$ 41.59 Billion in 2022. Sales of Automotive Telematics are projected to accelerate at a CAGR of 18% to top US$ 217.7 Billion by 2032.

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The readability score of the Automotive Telematics market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers. 

This Automotive Telematics market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Automotive Telematics along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Automotive Telematics market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.

Major Automotive Telematics Service Providers:

• Harman International Industries, Inc.
• Magneti Marelli S.p.A
• Airbiquity Inc.
• Verizon Telematics, Inc.
• TomTom N.V.
• Masternaut Limited
• Trimble Inc.
• Visteon Corporation
• Robert Bosch GmbH
• Delphi Automotive Plc.

Questionnaire answered in the market outlook report of Automotive Telematics include:

•          What is the key strategy deployed by large players to maximize Automotive Telematics marketgrowth?
•          What are the main challenges faced by players in the Automotive Telematics market demand?
•          With the advent of technological advancement, how will the Automotive Telematics market landscape change over the forecast period?
•          What does player bring to the table, which is unique as a strategy, and is easy to emulate for new investors in the Automotive Telematics market size?

How will be insights and market estimations provided in the Fact.MR report on the demand of Automotive Telematics make a difference?

• The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
• The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
• The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
• Provides scrutiny of the industry trends that have shaped recent government policies
• Provides an account of major breakthroughs in all segments that might change the course of the market considerably
• Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Automotive Telematics   market
• Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
• Evaluates the role of various stages of funding on new growth avenues in key regional markets

Competitive Landscape

Prominent service providers are relying on introducing new software which facilitate advanced damage detection systems, based on cloud and artificial intelligence approaches. Noteworthy developments in the past few months are as follows :

• In January 2021, Harman International Industries Inc. announced the introduction of HARMAN Turbo Connect (TBOT). The software anticipates and mitigates connectivity discrepancies on the road. This addition to the current portfolio satisfies current demand for high speed connectivity with low latency, especially when used with 5G-enabled technologies, including its Smart Conformal Antenna.
• In November 2021, Robert Bosch GmbH introduced its Ridecare services, equipped with a sensor box, to detect damage to a vehicle and smoke inside the vehicle. The sensor deploys a cloud-based data analysis using artificial intelligence, disbursing information on whether a vehicle has been damaged, or someone has smoked in it. Pilot projects are being initiated across North America, Asia and Germany.
• Masternaut, a Michelin Group company, today announced the launch of its new Move Electric solution in June 2021 to assist fleet managers in transitioning away from internal combustion engines.
• Ford released 'FordLiive,' an integrated uptime system created to assist Ford commercial vehicle operators to improve productivity, in March 2021. The system helps to maximize vehicle uptime while decreasing vehicle breakdowns and maintenance requirements.

Key Segments Covered in the Automotive Telematics Market Survey

·         By Product Type :

o    Embedded Automotive Telematics

o    Integrated Automotive Telematics

o    Tethered Automotive Telematics

·         By Services :

o    Safety and Security 

o    Information & Technology 

o    Entertainment & Remote Diagnostics 

·         By Vehicle Type :

o    Passenger Car 

o    LCV Automotive 

o    HCV Automotive 

·         By Sales Channel :

o    OEMs

o    Aftermarket

·         By Region :

o    North America 

o    Latin America 

o    Europe 

o    East Asia 

o    South Asia & Oceana

o    Middle East & Africa 

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