Market Snapshot:
Consumer telematics system is end-user-targeted vehicle-centric information and communication technologies (vehicle ICTs) and services. Network-enabled cars for consumers provide in-vehicle services, such as emergency assistance, Global Positioning System (GPS) navigation, traffic information, local search (for example, for charging stations or restaurants), and concierge services. The market of consumer telematics systems is growing as there is amplified market penetration of smartphones which is direct propelling the consumer telematics system market.
Highlights from Consumer Telematics Systems Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Omnitracs Ltd. (United States), BMW AG (Germany), Toyota Motors (Japan), Bosch Automotive Technologies (Thailand), Ford Motor Co. (United States), General Motors (United States), Continental Automotive (Germany), Agero Connected Services Inc. (United States), Harman Infotainment (United States) and Alpine Electronics Inc. (Japan). Additionally, other players that are part of this comprehensive study are Airbiquity Inc. (United States), Trimble Navigation Ltd (United States), Novatel Wireless (United States), Telogis Inc (United States) and MiX Telematics (South Africa).
Geographic Breakdown and Segment Analysis
The Global Consumer Telematics Systems market presents a comprehensive analysis of the Consumer Telematics Systems market by product type (Integrated Telematics, Embedded Telematics and Tethered Telematics), by end-user/application (Vehicle tracking, Container tracking, Fleet management, Telematics Standards, Satellite navigation, Emergency warning system for vehicles, Intelligent vehicle technologies, Auto insurance / Usage-based insurance (UBI) and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Consumer Telematics Systems industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Consumer Telematics Systems market
Analyst at AMA have segmented the market study of Global Consumer Telematics Systems market by Type, Application and Region.
Consumer Telematics Systems Market Dynamics:
Attributes | Details |
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Growth Drivers | - Advanced technologies will reduce the production costs of telematics products
- Government regulations for higher security measures
- Growing amplified market penetration of smartphones propelling the consumer telematics market
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Influencing Trends | - Increasing concern of vehicle tracking and safety and security
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Restraints | - High cost associated with the product
- Unacceptable concept in some places
- Lack of skilled person for handling
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Gaps & Opportunities | - Development in upcoming models of vehicles, the system is designed with by default mobile connectivity to satisfy government regulations
- Growing concern towards safety and security, with infotainment and navigation services is bringing new opportunities
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Market Developments Activities:
Omnitracs LLC, a global pioneer of fleet management solutions to transportation and logistics companies, announced that it has signed an agreement to acquire from Shaw Communications Inc. the assets of Shaw Tracking, the leading fleet management solutions provider in Canada
Omnitracs builds on 25 year relationship with covenant transport services through new technology integrations
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Consumer Telematics Systems Industry Investors, Consumer Telematics Systems Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End-user