Global Automotive Telematics Market: Size, Trends and Forecasts (2019-2022) by Trakm8 Holdings, Tom Tom, Mix Telematics, Trimble
Telematics is the field of science in which the long-distance transmission and communication between computer-based information is arranged. In simple terms, receiving, storing and sending of computer based information is performed with the help of telematics system. The technology of telematics is generally used in different types of vehicles.
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Automotive telematics is the technology that deals in ensuring the safety of the car and its passengers by providing diversified computer-information based safety features. Most common services offered by automotive telematics are automatic collision notification (also known as emergency crash notification), emergency assistance, good samaritan assistance, roadside assistance and vehicle diagnostics / vehicle health report. Automotive telematics evolved through many stages, i.e. from telematics 1.0 where hands free calling and screen based navigation was provided to telematics 4.0 where seamless integration of mobility and web is also available.
Key application of automotive telematics are vehicle tracking system, satellite navigation, fleet management, vehicle safety communication and many more. Vehicles in which automotive telematics is applied is broadly categorized into three types: light commercial vehicle, passenger vehicle and heavy commercial vehicle.
The global automotive telematics market is expected to increase at high growth rates during the forecasted period (2018-2022). The global automotive telematics market is supported by various growth drivers, such as shifting consumer preferences towards connected cars, rising interest of millennial population, stringent governmental regulations, etc. Yet, the market faces certain challenges, such as, hacking, privacy, and security concerns, consumer acceptance and trust issues, etc. few new market trends are also provided such as, growing popularity of telematics based insurance and fleet management, opportunities in the emerging economies, etc.
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Scope of the Report
The report entitled “Global Automotive Telematics Market: Size, Trends & Forecasts (2018-2022)”, provides analysis of the global automotive telematics market, with detailed analysis of market size and growth, and segmentation of the industry. The analysis includes the market by value, and by segmentation on the basis of application and types of vehicles. Regional analysis is also provided for North America, Europe, APAC (Asia-Pacific), and Rest of the World.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global automotive telematics market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Trakm8 Holdings, Tom Tom, Mix Telematics and Trimble are some of the key players operating in the global automotive telematics market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
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