Telematics In Automotive Market| COVID-19 Impact, Research Report - Global Forecast 2023
Telematics In Automotive Market 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.
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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. (the U.S.), Masternaut Limited (France), Verizon
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
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 Market 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
Europe is home to a huge number of automotive telematics system manufacturers and notes a surge in global export of automotive, which is why the region is counted among the strongest contenders. Soaring demand for wireless communication system in commercial and passenger vehicles has also stimulated growth of the Telematics In Automotive Market in the region.
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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