Global Automotive Telematics Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Automotive Telematics Market By Types & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the automotive telematics market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Increasing demand for integrated wireless communication system within the vehicle by the drivers and passengers majorly driving automotive telematics market globally. Added to that, the market is also driven by strict safety norms applied on vehicles, increased safety awareness about passengers by the government. Future demand for connected cars and opportunities in the emerging economies creates great opportunities for this market in upcoming years.
However, the automotive market is hinder by high installation cost of telematics system and having inferior knowledge about this faster developing system in society. Moreover, hacking, privacy, and security concerns are the major curb challenged to automotive telematics market.
This report presents a detailed evaluation of automotive telematics, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
Due to presence of prominent Original Equipment Manufacturers (OEMs), strategic alliances, exceptional communication infrastructure and higher adoption rate of technological advancements & innovations North American countries such as, U.S. and Canada shows significant growth in automotive telematics market. European region follows automotive telematics market on account of strict safety norms, increased safety awareness by government. Increasing domestic demand for wireless communication system within vehicle in developing countries such as, China and India boost the market growth of automotive telematics in Asia-Pacific region.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global automotive telematics market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include Robert Bosch GmbH, Continental AG, LG Electronics, Verizon Communication Inc., Harman International, Agero Inc., Airbiquity Inc., ID Systems Inc., Visteon Corporation and Qualcomm Technologies, Inc.
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