Telematics In Automotive Industry Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023
Overview
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. The system based on informatics and telecommunications is merged with Wireless Access for Vehicular Environment (WAVE) and Intelligent Transportation Systems (ITS), which optimizes the overall functionality.
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. (the U.S.), Masternaut Limited (France).
Market Opportunities
The Telematics In Automotive Industry 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.
Segmentation
The worldwide Telematics In Automotive Industry has been segregated with respect to type, application, systems, distribution channel, and vehicle type.
Depending on the type, the Telematics In Automotive Industry has been considered for embedded, integrated, and tethered.
Application-based segments mentioned in the report include vehicle tracking, fleet management, satellite navigation, vehicle safety communication, and others.
In terms of the vehicle type, the Telematics In Automotive Industry includes light commercial vehicles, passenger car, and heavy commercial vehicles.
The distribution channels in the market are original equipment manufacturers (OEMs) and aftermarket.
Regional Analysis
The Telematics In Automotive Industry 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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