.According to a new report “ Global Automotive Telematics Market (2016-2022) „, the global automotive telematics market is expected to attain a market size of $ 124.3 trillion by 2022, growing at a CAGR of 26.6% during the forecast period.
Advent of smartphones has changed the meaning of connectivity. People are waiting to stay connected to internet 24 * 7. Automobile manufacturers have a strong interest in the automotive industry. Automotive industry is going through a phase of digital revolution. In the next few years to come, automobiles will transform into communication devices. New hi-tech devices, smartphones, high-speed internet, numerous applications & open sources.
Full Report: https://kbvresearch.com/global-automotive-telematics-market/
The main factors driving the global automotive telematics market are safety and security concerns, 24 * 7 connectivity, superior driving features, online connectivity solutions and others. On the other hand, the rest of the restraints are associated with telematics, but there is no need to be able to do so. Seamless connectivity and lack of awareness among consumers in certain regions.
Telematics is used for both commercial as well as passenger vehicles. In order to analyze the market in detail, it has been studied with respect to commercial (light, medium and heavy commercial vehicle), referred to as consumer telematics. For all the segments in the report, we have analyzed both the commercial and consumer telematics. In 2015, Commercial Telematics segment dominated the Global Telematics Market by Type with market revenue of $ 20,037.3 million. This segment would grow with a CAGR of 21.6% during the period (2016-2022).
Based on applications for commercial telematics segment, the market is segmented into Fleet Management, Insurance, Infotainment, Navigation, V2v & V2i, Telehealth and Remote alarm & monitoring. Fleet management was the highest revenue-average segment in 2015.
In terms of End user, Telematics market is segmented into various types such as Logistics & Transportation, Automotive & Entertainment, Automobile manufacturers & dealers and Government agencies. Logistics & Transportation is the largest revenue-related segment in the world Telematics market by End user,
In 2015, insurance segment dominated the global consumer telematics market by end user, and would be the market revenue of $ 13,659.1 million by 2022. However, CAGR of 43.6% during the forecast period (2016-2022).
Based on geography, the market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (LAMEA). For both, commercial as well as consumer telematics, North America is the highest revenue-average segment in 2015.
The report has a quantitative picture of the market potential in various segments across the globe. Verizon Communications, Inc., AT & T Inc., Ford Motor Company, Robert Bosch GmbH, Valeo SA, Harman International Industries, Incorporated , Vodafone Group Plc and TELEFONICA, SA
Full Report: https://kbvresearch.com/global-automotive-telematics-market/
Research Scope
Global Automotive Telematics Market By Type
- Commercial Telematics
- Consumer Telematics
Global Commercial Telematics Market
- By Application
- Solution
- Fleet / Asset Management
- navigation
- infotainment
- Insurance
- Tele-health
- Others
- Services
- Design and consulting
- Deployment
- Maintenance
- By End User
- Transportation & Logistics
- Insurance
- Healthcare
- Media & Entertainment
- Automotive Industry
- Government Agencies
- By Mode of Deployment
- Automotive OEM
- Aftermarket
- Solution
Global Consumer Telematics Market
- By Application
- Solution
- Fleet / Asset Management
- Navigation
- Infotainment
- Insurance
- Tele-health
- Others
- Services
- Design and consulting
- Deployment
- Maintenance
- By End User
- Individual & Car Rental Services
- Insurance
- Healthcare
- Media & Entertainment
- Automotive Industry
- Government Agencies
- By Mode of Deployment
- Automotive OEM
- Aftermarket
- Solution
Global Automotive Telematics Market By Geography
- North America Automotive Telematics Market
- S. Automotive Telematics Market
- Canada Automotive Telematics Market
- Mexico Automotive Telematics Market
- Rest of North America Automotive Telematics Market
- Europe Automotive Telematics Market
- Germany Automotive Telematics Market
- K. Automotive Telematics Market
- France Automotive Telematics Market
- Russia Automotive Telematics Market
- Spain Automotive Telematics Market
- Italy Automotive Telematics Market
- Rest of Europe’s Automotive Telematics Market
- Asia-Pacific Automotive Telematics Market
- China Automotive Telematics Market
- Japan Automotive Telematics Market
- India Automotive Telematics Market
- South Korea Automotive Telematics Market
- Singapore Automotive Telematics Market
- Malaysia Automotive Telematics Market
- Rest of Asia Pacific Telematics Market
- LAMEA Automotive Telematics Market
- Brazil Automotive Telematics Market
- Argentina Automotive Telematics Market
- UAE Automotive Telematics Market
- Saudi Arabia Automotive Telematics Market
- South Africa Automotive Telematics Market
- Nigeria Automotive Telematics Market
- Rest of LAMEA Automotive Telematics Market
Companies Profiled
- Verizon Communications Inc.
- AT & T Inc.
- Ford Motor Company
- BMW AG
- Robert Bosch GMBH
- Valeo SA
- Harman International Industries, Incorporated
- Vodafone Group Plc
- TELEFÓNICA, SA
Related Reports:
North America Automotive Telematics Market
Europe Automotive Telematics Market
Asia Pacific Automotive Telematics Market
LAMEA Automotive Telematics Market