Increasing adoption of advanced technology for enhancing driving experience and improving vehicle and passenger safety is propelling the growth of the global Telematics In Automotive Industry. High demand for mobility solutions and government regulations on safety measures for domestic as well as commercial vehicles are some other factors that are driving the global Telematics In Automotive Industry. However, lack of skilled professionals and high maintenance and installation cost of automotive telematics are likely to impact negatively on the expansion of the global Telematics In Automotive Industry during the forecast period.
The global Telematics In Automotive Industry is marked to expand remarkably at a CAGR of 20% during the forecast period of 2017-2023.
Regional Analysis
Geographically, the global Telematics In Automotive Industry has been segmented into four major regions such as Asia Pacific, Europe, North America and the rest of the world. The North America region is forecasted to dominate the global Telematics In Automotive Industry. Increasing adoption of automotive telematics system for improving vehicle and passenger safety and easy adoption of advanced technology to enhance vehicle performance are fueling the growth of the Telematics In Automotive Industry in this region. The presence of large number of automotive telematics system manufacturers and increasing global export of automotive are driving the Telematics In Automotive Industry in the Europe region.
Segmentation
The global Telematics In Automotive Industry has been segmented on the basis of type, application, systems, distribution channel and vehicle type. Based on type, the global Telematics In Automotive Industry has been segmented into embedded, integrated and tethered. based on application, the Telematics In Automotive Industry has been segmented into vehicle tracking, fleet management, satellite navigation, vehicle safety communication and others. Based on systems, the Telematics In Automotive Industry has been segmented into driving assistance, telematics control unit, global positioning system (GPS), vehicle tracking systems, vehicular emergency warning systems and others.
Key players
The leading players profiled by MRFR that are operating in the global Telematics In Automotive Industry are Trimble, Inc. (the U.S.), Masternaut Limited (France), TomTom International B.V. (Netherlands), Telogis (the U.S.), and Visteon Corporation (the U.S.). Continental AG (Germany), Airbiquity, Inc. (the U.S.), AT&T Inc. (the U.S.), Delphi Automotive PLC (the U.K.), Harman International Industries, Inc. (the U.S.), Robert Bosch GmbH (Germany), Trimble Inc. (the U.S.), and Verizon Communications, Inc. (the U.S.) and others.
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