In automobile industry, telematics is a kind of communication technology that involves information flow from the vehicles via wireless networks. Telematics is convergence of location technology, wireless communications and in-vehicle electronics. Automotive telematics aims at transmitting vehicle data over cellular communication channel. In many instances, telematics units are equipped with GPS (Global positioning systems) units that provide vehicle location insights. Automotive telematics market is expected to grow positively in coming years.
The "Global Automotive Telematics Market Analysis to 2028"
is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive telematics market with detailed market segmentation by connectivity type, application, vehicle type, and geography. The report provides key statistics on the market status of the leading automotive telematics market players and offers key trends and opportunities in the market.
- Based on connectivity type, the global automotive telematics market is segmented into embedded, tethered and integrated.
- On the basis of application, the market is segmented into infotainment, remote diagnosis, navigation, safety and security and others.
- Based on vehicle type, the market is bifurcated into passenger car and commercial vehicles.
- Growing production of passenger vehicles in many parts of the world.
- Rising urbanization and increasing per capita disposable income to boost market growth of automotive telematics.
- Rapidly advancing technology to further drive the demand for automotive telematics.
- High cost of integration may hinder the market growth in some regions.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive telematics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive telematics market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE TELEMATICS MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic resulted in economic crisis and hampered the buying capacity of the consumer. Spending on non-essential things was reduced to a great extent. This all has impacted the automotive telematics market negatively.
The report covers key developments in the automotive telematics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive telematics market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive telematics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive telematics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Airbiquity Inc.
- Continental AG
- HARMAN International
- Masternaut Limited
- MiX Telematics
- Teletrac Navman US Ltd
- TomTom International BV
- Trimble Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.