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Global Automotive Telematics Market by Connectivity Solutions and by Region
The GMI Research states that the Automotive Telematics Market will expand at a higher rate demand over the forecast period. This is because of the augmenting acquisition of web-based services and accessibility of sophisticated communication technology.
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Introduction of the Automotive Telematics Market
Telematics refers to the procedure used to supervise the motion and location of a vehicle by incorporating a Global Positioning System (GPS) with an on-board diagnostics system. Also, It helps in tracking the internal behaviour and speed of the vehicle. The system is mainly acquired by fleet management, automobile insurance, and other companies. Telematics technology is implemented by ride-sharing companies to administer drivers and enable passengers to track them.
Key Players of Market:
· D. Systems Inc.
· Masternaut
· Omnitracs
· Cartrack
· MiX Telematics
· Trimble Inc.
· HARMAN International
· TomTom International BV
· Verizon
· Teletrac Navman US Ltd
Automotive Telematics Market Dynamics
Augmentation in the global automotive telematics market is mainly due to the increasing norms enforced by the government to promote the adoption of telematics and aggravating drift towards connectivity solutions. Government across various nations has imposed regulatory norms to ensure the security, safety, and supervision of vehicles. For instance, in 2017, and the Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of China (SAC) 2017 together introduced national standards concerned with the establishment of telematics systems.
Also, consumers these days conjecture their vehicles to execute tasks like smartphones and computers, thus persuading producers to lodge connectivity solutions in the automotive to accelerate sales. For example, Nissan Motor Co. Ltd. amalgamated with Microsoft Azure to insert Connect Telematics Systems (CTS) in LEAF and Infiniti models. Furthermore, the convenience of vehicle verification is another factor contributing to the market growth. The detection system enables automobile dealers and customers to trace possible automobile issues before their prevalence. However, inflated installation cost, undersupply of immaculate internet connectivity, and the risk of data hacking is hindering the global automotive telematics market size.
Application Segment Drivers
The fleet management segment, based on application, is projected to expand at a faster compound annual growth rate over the coming years. According to the Automotive Telematics Market Forecast, this is because the fleet management software offers an ideal way of operating business by providing plans to decrease excessive fuel consumption, effective routes, and eradicating the chances of risky driver habits by determining the causes.
Connectivity Solution Segment Drivers
The embedded segment is contemplated to seize the largest share in the market during the coming years. This is because almost all telematics demands the presence of embedded connectivity solutions, such as distant identification, and eCall to work effectively. In addition, the imposition of various strategic government norms and policies to encourage the implementation of embedded connectivity has propelled Automotive Telematics Market Size. For instance, Europe, in 2018, mandated the application of eCall.
Automotive Telematics Market Segmentation:
Segmentation by Technology
· Solid-State Lasers
· Gas Lasers
· Semiconductor Lasers
Segmentation by Process
· Fusion Cutting
· Flame Cutting
· Sublimation Cutting
Segmentation by Application
· Automotive
· Consumer electronics
· Defense and aerospace
· Industrial
· Others
Segmentation by Region:
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· RoW
o UAE
o Brazil
o South Africa
o Saudi Arabia
About GMI Research
GMI, a leading market research and consulting organisation got featured in Silicon India Magazine, 2018, for their remarkable services. The organisation offers detailed reports to several small, medium, and large scale enterprises to assist them frame strategic business. The large team of GMI Research organisation includes analysts and experienced researchers from different regions like Europe, Europe, and North America. Further, the comprehensive report provides a complete analysis about forecasts, competitive landscape, driving factors, challenges, and restrains to assist them take judicious decision.
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