Summary
Global Telematics In Automotive Market, by application (Vehicle Tracking, Fleet Management, Satellite Navigation), systems (Driving Assistance systems, Telematics Control Unit, GPS,), Type, vehicle type, distribution channel, region - Forecast till 2023
Telematics In Automotive Market Overview
The global Telematics In Automotive Market’s growth is expected to be at a rate of a whopping 20% during the forecast period (2017-2023), reveals Market Research Future (MRFR).
Systems like vehicular emergency warning systems, automatic driving systems, Global Positioning System (GPS) navigation, wireless safety communications, and driving assistance systems are significant offerings of automotive telematics systems.
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Top Players
The top vendors enlisted in the MRFR report include AT&T Inc. (the U.S.), TomTom International B.V. (Netherlands), Telogis (the U.S.), Visteon Corporation (the U.S.), Trimble, Inc.
Market Opportunities
The Telematics In Automotive Market is predicted to provide various opportunities to automotive suppliers for developing Human-Machine Interface (HMI) in the upcoming years. Pay-per-use, installation of black boxes for safety and security services, free premium services for navigation and entertainment applications and generation of subscription revenues are touted to be few more important short-term benefits furnished by the automotive telematics market in the next few years.
Another critical opportunity inundating the market includes the arrival of new players and progress of established vendors, owing to advancements in variant and diverse telematics systems.
Market Segmentation
Depending on the type, the Telematics In Automotive Market has been considered for embedded, integrated, and tethered.
Systems-wise, the Telematics In Automotive Market caters to driving assistance, global positioning system (GPS), telematics control unit, vehicular emergency warning systems, vehicle tracking systems, and others.
The distribution channels in the market are original equipment manufacturers (OEMs) and aftermarket.
Regional Analysis
The Telematics In Automotive Market has been studied by MRFR in the primary regions of Asia Pacific, North America, Europe, as well as the rest of the world (RoW).
Rising seaborne trade, surging compliance with maritime safety norms, and increasing maritime tourism seems to be boosting market growth in Asia Pacific. Mounting demand for commercial ships, especially from countries like China, India, and Japan combined with the rising investment in autonomous ships is projected to help the market advance in the years ahead.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
