MarketersMEDIA / Newsroom / Global Telematics Solutions Market is expected to reach $92.46 billion by 2027 growing at a CAGR 17.5% during 2018 to 2027.

Global Telematics Solutions Market is expected to reach $92.46 billion by 2027 growing at a CAGR 17.5% during 2018 to 2027.

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Some of the key players in telematics solutions market include Continental, Robert Bosch, Qualcomm Technologies, Inc., Visteon Corporation, Delphi Automotive PLC, Verizon, Trimble Inc, Magneti Marelli S.P.A., Harman International, and Octo Telematics.

— Some of the key factors propelling the market growth are developments in 5G connectivity, increase in efforts by the government for developing an intelligent transportation system, increasing demand for smartphone features in the car and automated driving technologies. However, lack of telematics solutions infrastructure in emerging countries is restricting the market growth.

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Telematics is an interdisciplinary field that encompasses telecommunications, vehicular technologies, road transportation, road safety, electrical engineering, and computer science. These solutions can integrate with existing applications and systems to enable an array of use cases for fleets of all sizes, including vehicle tracking where vehicles can be tracked using a combination of GPS satellites and receivers, GPRS networks and cloud computing.

By form factor, the embedded system is anticipated to grow at the significant rate during the forecast period, due to various disruptive factors such as government mandates, cost optimization of service plans, and growth of cloud-based services. Many telematics services cannot be used efficiently without having an embedded connectivity solution in the car such as eCall, remote diagnostics, and many more which is increasing the adoption of embedded connectivity.

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Based on the geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to strong economic growth, ongoing advancement in the automotive sector and rapid urbanization. Asia Pacific market is the increased demand for fleet management and navigation services, particularly in China, Japan, India and South Korea. Moreover, a rise in the trend of connectivity solutions is expected to boost the growth of the APAC telematics solutions market.

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Components Covered:
• Communication Devices
• Audio/Video Interface
• CAN Bus
• Telematic Control Unit
• Navigation Systems
• Infotainment Display Unit

Form Factors Covered:
• Tethered
• Integrated
• Embedded

Services Covered:
• On-Road Assistance
• Vehicle Tracking/Recovery
• Insurance Risk Assessment
• Automatic Crash Notification
• Emergency Calling
• Remote Diagnostics
• Driver Behaviour
• Billing Services
• Other Services

Vehicle Types Covered:
• Truck
• Bus
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Connectivities Covered:
• Satellite
• Cellular

Equipment Types Covered:
• Construction Equipment
• Agriculture Tractors

Aftermarkets Covered:
• LCV Aftermarket
• HCV Aftermarket
• Bus Aftermarket
• Truck Aftermarket

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.

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Contact Info:
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Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
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Source URL: https://marketersmedia.com/global-telematics-solutions-market-is-expected-to-reach-9246-billion-by-2027-growing-at-a-cagr-175-during-2018-to-2027/88954140

Source: MarketersMedia

Release ID: 88954140

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