Global Automotive Telematics Market Size, Key Facts and Forecast Predictions Presented and Forecast 2029
Global Automotive Telematics Market: was valued at US$ 30.56 Bn in 2021 and is expected to reach US$ 129.14 Bn by 2029, at a CAGR of 19.74% during a forecast period.
Global Automotive Telematics Market Overview:
The market research study Global Automotive Telematics Market analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis. Key actors, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategies, are also examined in the research.
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Global Automotive Telematics Market Dynamic:
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Telematics is a method of monitoring a vehicle. By combining a GPS system with on-board diagnostics it's possible to record – and map – exactly where a car is and how fast it's traveling, and cross-reference that with how a car is behaving internally.The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Using both primary and secondary research approaches, we researched the Global Automotive Telematics Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analyzed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Following the successful completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Top-down and bottom-up procedures, as well as numerous data triangulation methods, were frequently used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all statistics gathered during the whole market engineering process.
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Global Automotive Telematics Market Segmentation:
Based on the Services, Safety & security segment is expected to hold the largest share in the Automotive Telematics market during the forecast period. Safety & security in-vehicle telematics is an integrated use of mobile communication, vehicle monitoring systems, and location technology. It is one of the fastest-growing sectors globally for the past few years. Automotive Telematics is primarily driven by multi factors like an increase in the number of accidents, rising vehicle thefts, security issues while traveling and the demand for navigation services, etc. Safety & Security is playing a key role in automotive telematics.
In Trends – Predictive analytics.
The data that automotive telematics can extract is an important tool in performing a wide range of risk assessments. These predictive analytics can subsequently prove to be of significant help to fleet managers in staying head of driver safety and mechanical breakdowns. As such, the data is so much more than a means to measure past performance; it also allows fleet managers to pre-emptively manage operations.
Global Automotive Telematics Market Key Players:
• TomTom International B.V.
• I.D. Systems, Inc.
• Agero, Inc.
• Airbiquity, Inc.
• Visteon Corporation
• Aplicom Oy
• Scorpion Automotive Ltd
• iTriangle Infotech Pvt Ltd
• Shenzhen Concox Information & Technology Co., Ltd
• Minda Corporation Limited
• idem telematics GmbH
• Road Track
• ACTIA Group
• BOX Telematics
• Redtail Telematics Corporation
Primary and secondary research is used to identify industry leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry professionals such as seasoned front-line personnel, CEOs, and marketing personnel. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary data is utilized to determine percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The players highlighted in this report are as follows:
Global Automotive Telematics Market Regional Analysis:
The report covers both qualitative and quantitative data and gives an in-depth look into the Global Automotive Telematics industry area by region. It gives a segment-by-segment overview and forecast of the worldwide Global Automotive Telematics market. It also estimates the market size and forecasts for five major regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area's Global Automotive Telematics market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on Global Automotive Telematics Market:
We researched and analyzed the Global Global Automotive Telematics Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the global Global Automotive Telematics industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The fundamental purpose of the research is to offer industrial businesses a strategic analysis of COVID-19's influence. Simultaneously, this study looked into the markets of major countries and highlighted their market potential in post-pandemic scenarios.
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Key Questions Answered in the Global Automotive Telematics Market Report are:
- What are the most promising high-growth opportunities in the global Global Automotive Telematics sector, as defined by product category, End User, and Region?
- Which Global Automotive Telematics market segments will expand the fastest, and why?
- Which regions will have the fastest growth, and why?
- What are the primary elements influencing Global Automotive Telematics market dynamics? What are the primary drivers and obstacles in the Global Automotive Telematics market?
- What are the Global Automotive Telematics market's weaknesses and threats?
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