DUBLIN, March 2, 2023 /PRNewswire/ — The “Global Automotive Telematics Market 2023-2030” report has been added to ResearchAndMarkets.com’s offering.
MARKET OUTLOOK
The publisher’s estimates indicate that the global automotive telematics market is set to witness revenue growth at a CAGR of 16.06% during the forecast period 2023-2030.
The market’s growth is prompted by factors such as growing demand from fleet operators and improved safety and vehicle maintenance. Additionally, the rising advancements in automotive solutions, growing ADAS in automotive demand, and surge in intelligent transport systems are expected to create opportunities for the market.
However, the lack of connectivity infrastructure, the risk of data breaches, and expensive solutions restrict the overall market’s development.
REGIONAL OUTLOOK
The global automotive telematics market includes Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.
The Asia-Pacific is estimated to witness the fastest growth over the forecast period. The region’s growth is supported by favorable government initiatives, especially in China and India. The governments in China have mandated location-based systems in school buses and vans to improve safety levels. Moreover, the growing demand for built-in connectivity in vehicles has prompted OEMs to adopt telematics solutions. Thus, these factors support the overall market’s development.
Market Dynamics
Market Drivers
- Growing Demand by Fleet Operators
- Improved Safety and Vehicle Maintenance
Market Challenges
- Lack of Connectivity Infrastructure
- Risk of Data Breach
- Relatively Expensive Solution
Market Opportunities
- Growing Advancements in Automotive Technologies
- Rising Advanced Driver Assistance Systems in Automotives
- Growth in Intelligence Transportation Systems
Key Topics Covered:
1. Global Automotive Telematics Market – Summary
2. Industry Outlook
3. Global Automotive Telematics Market – by End-User
3.1. Original Equipment Manufacturers (Oem)
3.2. Aftermarket
4. Global Automotive Telematics Market – by Vehicle
4.1. Passenger Cars
4.2. Commercial Vehicles
4.3. Two-Wheeler
5. Global Automotive Telematics Market – by Type
5.1. Embedded
5.2. Integrated Smartphones
5.3. Tethered
6. Global Automotive Telematics Market – by Application
6.1. Fleet/Asset Management
6.2. Navigation & Location-Based System
6.3. Infotainment System
6.4. Insurance Telematics
6.5. Safety & Security
6.6. Other Applications
7. Global Automotive Telematics Market – by Regional Outlook
8. Competitive Landscape
9. Research Methodology & Scope
A selection of companies mentioned in this report includes
- Tomtom Nv
- Robert Bosch GmbH
- Verizon Communications Inc
- Continental AG
- Geotab Inc
- Inseego Corp
- Airbiquity Inc
- At&T Inc
- Harman International
- Teletrac Navman Us Ltd
- Mix Telematics
- Samsara Inc
- Trimble Inc
- Solera Inc
For more information about this report visit https://www.researchandmarkets.com/r/lndtjs-automotive?w=5
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SOURCE Research and Markets
