Automotive Telematics Market to reach $141.47 billion by 2023 growing at a CAGR of 33.2%

The Global Automotive Telematics market is accounted for $19.06 billion in 2016 and is expected to reach $141.47 billion by 2023 growing at a CAGR of 33.2%. Increase in number of vehicles production coupled with Information and Technology is favoring the market across globe. High occurrence of road accidents & mishaps and in addition to this the greater developing economies are in demand for transportation with high safety measures, these all factors are boosting the market. Moreover, the adoption of the automotive telematics in fleet is providing more opportunities to the present scenario.

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Some of the key players in this market include Agero, Inc., Airbiquity, Inc., AT&T, BMW, Continental AG, Ford Motors Co, Harman, MiX Telematics, Telefonica, TomTom, Trimble Navigation Limited, Verizon Telematics, Vodafone Group Plc, Visteon Corporation and Telogis.

The recent Automotive Telematics Market report is a focused study encompassing the market segmentation primarily based on type and application. The report investigates the key drivers leading to the growth of the Industrial Wax market during the forecast period and analyzes the factors that may hinder the market growth in the future. Besides, the report highlights the potential opportunities for the market players and future trends of the market by a logical and calculative study of the past and current market scenario.

By Application the vehicle tracking segment, is projected to capture significant share during the forecast period. With the increase in manufacturing of automobiles there is increase in concerns on safety and comfort which supports the growth of this segment. Moreover the increase in sales of premium vehicles segment would further increase the demand for vehicles tracking as the customers expect a lot of safety features in the premium vehicle segment. This technology helps to track the vehicle's location across the world. North American market is projected to take over the market in the approaching years due to increase in demand for wireless communication within vehicle in emerging regions.

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Table of Contents

1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Telematics Market, By Technology
6 Global Automotive Telematics Market, By Connectivity Type
7 Global Automotive Telematics Market, By Application
8 Global Automotive Telematics Market, By Systems
9 Global Automotive Telematics Market, By Vehicle Type
10 Global Automotive Telematics Market, By End User
11 Global Automotive Telematics Market, By Services
12 Global Automotive Telematics Market, By Geography
13 Key Developments
14 Company Profiling

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Posted by on Friday September 20 2019, 8:15 AM EST. All trademarks acknowledged. Filed under Automotive, Automotive & Transportation, Automotive Manufacturing, Technology, Media, & Telecommunications, Transportation. Comments and Trackbacks closed. Follow responses: RSS 2.0

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