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Telematics in automotive market is predicted to grow at a CAGR of 34% by 2022 according to new research report

Telematics in automotive market is predicted to grow at a CAGR of 34% by 2022 according to new research report

Global Telematics in automotive market Information Report by Type (Embedded, Integrated, tethered), by services (Information & Navigation, Safety & Security, Entertainment, Remote Diagnostics) by vehicle type (Passenger Car, LCV, HCV) and By Region - Global Forecast To 2022

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Market Highlights:

The global telematics in automotive market is majorly driven by the global need to reduce traffic congestions with the rapid urbanization. The increasing private and public demand for ensuring smart coordination of large-scale fleet tracking and enabling precise tracking of vehicles to enhance transportation safety on roads is also majorly driving the growth of this market.

The integration of GPS systems with real time monitoring of vehicles is driving the growth of this market.

Report: www.marketresearchfuture.com/sample_request/2296

Market Research Analysis:

Among all services, information & navigation is expected to grow rapidly, owing to the increased features of telematics in automotive such as an embedded map in the system which can support local calculation of the routes and reception of routes computed at a designated center.

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Telematics in automotive also ensure delivering proper information about navigation in terms of displaying turn arrows over simplified road shapes and filling a turn arrow according to a vehicle's positions.

North America is expected to be the largest region in the telematics in automotive market. Asia Pacific region is expected to witness the highest growth in the forecast period.

Growing domestic demand for wireless communication system in vehicles in the developing countries such as China and India are expected to boost the telematics in automotive market in the region. Rapid increase in government regulations and the increased consumer willingness to pay more for telematics equipped vehicles, is motivating the market leaders to invest in the emerging markets of Asia Pacific.

Key Players:

  • Digicore Technology Pvt. Ltd. (India)
  • ID Systems Inc.(U.S.)
  • FleetMatics Irl Limited (U.S.)
  • Teletrac Inc. (U.S.)
  • AutoTrac (Netherlands)
  • Omnitracs LLC (U.S.)
  • Masternaut Limited (U.K.)
  • TomTom Telematics (Netherlands)
  • Telogis Co(California)
  • CalAmp (U.S.)

Browse Full Report at www.marketresearchfuture.com/repor…otive-market-2296

Scope of the Report

This study provides an overview of the Global Telematics in automotive market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW).

The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Telematics in automotive market by its type, services, vehicle type and region.

By Type

  • Embedded
  • Integrated
  • Tethered

By Services

  • Information & Navigation
  • Safety & Security
  • Entertainment
  • Remote Diagnostics

By Vehicle Type

  • Passenger Car
  • LCV
  • HCV

By Region

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

 

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