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MarketersMEDIA / Newsroom / Global Consumer Telematics Systems Market is expected to reach $153.37 billion by 2027 a CAGR 24.9% during 2018 to 2027.

Global Consumer Telematics Systems Market is expected to reach $153.37 billion by 2027 a CAGR 24.9% during 2018 to 2027.

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Some of the key players in the Consumer Telematics Systems market are the Agero Connected Services Inc, Airbiquity Inc, Alpine Electronics Inc, Auto Page Inc, BMW AG (Assist), Toyota Motors (Entune), Trimble Navigation Ltd, and Verizon Telematics.

— Rising automotive sales and increasing penetration of smartphones across the world are crucial factors that are likely to boost the growth of the Consumer Telematics Systems market. However, cyber-attacks by hackers, privacy and security concerns and the high cost of telematics equipment are likely to hamper the profit boundaries.

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Consumer telematics are end-user-targeted, vehicle-centric information and communication technologies (vehicle ICTs) and services. While safety and security are the cornerstones of consumer telematics offerings, the current global economic scenario may indicate a shift of focus onto technologies which provide the end-user with a system which ensures ease of driving along with ubiquitous net connectivity without compromising on safety and security. With the fuel prices on the rise, applications that contribute to cost savings, by increasing engine efficiency will become a necessity in the future.

Based on end user, the insurance segment is likely to have a huge demand due to the increased sales of passenger and commercial vehicles globally. Car connectivity features are becoming a crucial factor for more than 50% of the people. Owing to these factors, the insurance telematics segment is expected to dominate the global consumer telematics market in the future.

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By geography, North America is going to have a lucrative growth during the forecast period owing to the increasing LTE connectivity, the presence of a large number of significant players in this region, technological advancements and rising automotive sales in the countries such as U.S, Canada, and Mexico.

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Services Covered:
• Entertainment Services
• Fleet management Systems
• Safety and security Services
• Infotainment
• Billing services
• Local Search and Concierge
• Navigation system
• Other Services

Vehicle Types Covered:
• Heavy Commercial Vehicle
• Passenger Vehicles
• Light Commercial Vehicle
• Other Vehicle Types

Devices Covered:
• Smartphone Based
• Plug and Play
• Hardwired
• Other Devices

Offerings Covered:
• Aftermarket
• OEM’s

Components Covered:
• Communication Devices
• Telematics control unit
• Navigation System
• Operating system
• Displays
• Audio/Video Interface
• Other Components

Technologies Covered:
• Tethered Telematics
• Integrated Telematics
• Embedded Telematics

Applications Covered:
• Automotive
• Customer Service Providers
• Information Technology
• Insurance
• Logistics
• Telecom

End Users Covered:
• Transportation and Logistics
• Media and Entertainment
• Healthcare
• Government and Utilities
• Education
• Construction

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-consumer-telematics-systems-market-is-expected-to-reach-15337-billion-by-2027-a-cagr-249-during-2018-to-2027/88946716

Source: MarketersMedia

Release ID: 88946716

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