About Motor Racing Telematics (MRT)
Motor racing telematics (MRT) is the wireless communication technology in the automobile industry with machine learning and artificial intelligence. It is basically the integration of smart technology in the motor racing vehicle and performs smart functions. They provide better motor racing performance, efficiency, and safety giving all the required information. This telematics technology in motor racing gathers the information from the sensors embedded in it, analyzing and managing the braking system, speed, and provides assistance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Motor Racing Telematics (MRT) market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Motor Racing Telematics (MRT) Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Continental AG (Germany), AT&T Inc. (United States), Bynx Ltd (United Kingdom), Ericsson (Sweden), Marelli Europe S.p.A (Italy), Robert Bosch GmbH (Germany), Verizon Telematics (Verizon Communications) (United States), Geotab Inc. (Canada), Ford Motor Company and Agero, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Airbiquity Inc. (United States), Octo Group S.p.A (Italy) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motor Racing Telematics (MRT) market by , Application (IoT platform and M2M) and Region.
On the basis of geography, the market of Motor Racing Telematics (MRT) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Motor Racing Telematics (MRT) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Introduction of Machine Learning and Artificial Intelligence in the Motor Racing Vehicle and Technological Advancement in the Motor Racing Telematics (MRT)
Market Growth Drivers:
Growing Demand for the Racing Automobile Across the World and Need for the Efficiency, Better Vehicle Performance, and Safety
Challenges:
Technical Problems Related to Supportability and Connectivity Errors
Restraints:
Stringent Regulatory Compliances with Motor Racing Telematics (MRT)
Opportunities:
Increasing Mobile Communication Technology in the Ever-Growing Digitalization Around the Globe will Boost the Motor Racing Telematics (MRT) Market
Market Leaders and their expansionary development strategies
In June 2020, Ford Commercial Solutions launched Ford TelematicsTM, a web-based software platform and subscription service designed to help commercial vehicle customers better manage and optimize the efficiency of their fleets. Ford is offering six months of complimentary access to Ford Telematics, which lets commercial vehicle customers monitor their fleets with GPS tracking and geofencing, get live vehicle health alerts to plan and limit downtime, set reminders for vehicle service, analyze driver behavior, and help manage fuel usage to potentially reduce costs.
In January 2020, Geotab Announces Launch of Integrated General Motors Telematics Solution at Geotab Connect 2020. The solution, which launched at Geotab’s largest Connect conference to date, allows fleet managers to access their compatible Chevrolet, Buick, GMC, and Cadillac vehicle data within the MyGeotab platform via a factory-fit, GM-engineered embedded OnStar module, providing fleet managers with access to one dedicated portal of powerful tools to meet all connectivity needs for today’s fleets.
"Telematics Applications for Regulated commercial Vehicles (TARV)” delivers standards based on the same secure communications that are used for cooperative intelligent transport systems (C-ITS) – harmonized and compatible with such systems. And the advantage of this technology is that it can use the 2G/3G mobile phone already installed for today’s fleet management systems, it can use the 5.8 GHz technology currently used for electronic toll collection, and it can migrate to LTE/4G communications or use the new dedicated 5.9 GHz technology being developed for C-ITS."
Key Target Audience
Motor Racing Telematics (MRT) Manufacturers, Motor Racing Telematics (MRT) Distributors and Suppliers, Motor Racing Telematics (MRT) Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.