The global automotive telematics market is projected to reach $172.4 billion by 2027, at a CAGR of 22% during 2021-2027. The growth of automotive telematics market is driven by growing awareness of safety and security and decreasing cost and simplicity in the function of automotive telematics systems.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities
for the automotive telematics market by technology (embedded, tethered, and
integrated), application (safety and security, information and navigation,
entertainment, and remote diagnostics), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the automotive telematics market?
Q.4 What are some
changing demands of customers in the automotive telematics market?
Q.5 What are the new
developments in the automotive telematics market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this automotive telematics area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this automotive telematics market?
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of autonomous vehicles, and transformation of non-connected cars into connected cars.
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Market Segmentation:
Based on technology
type, the automotive telematics market is segmented into embedded, tethered,
and integrated. The embedded segment accounted for the largest share of the
market in 2021 and is expected to register the highest CAGR during the forecast
period, due to technologies consumes high bandwidth which significantly increases
the cover area. Embedded is also much faster and costlier than other
technologies.
Asia-Pacific region will
remain the largest region and is also expected to witness the highest growth
over the forecast period due to the growing awareness of safety and security
and growing adoption of IoT technologies in China.
Key Players in the
automotive telematics market are Bosch GmbH, Aptiv PLC, Continental, Visteon
Corporation.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/automotive-telematics-market.aspx.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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