Global Telematics- Market Overview:
Telematics represents the convergence of two fields: telecommunications, which encompasses technologies such as cables and telephone lines, and informatics, which pertains to computer systems. In contemporary usage, the term primarily refers to the telematics solutions employed in commercial fleet vehicles. This technology facilitates the transmission of information to and from vehicles via wireless networks, thereby enabling smart automation and enhancing the overall driving experience within the automotive sector. Additionally, telematics improves the experiences of drivers and passengers by effectively managing information, leading to increased safety and security, enhanced navigation, and a more personalized travel experience. The potential of telematics solutions is substantial, currently evolving, and is anticipated to achieve significant prominence in the foreseeable future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of Emerging Technologies Such as Augmented Reality and Virtual Reality
Market Growth Drivers:
Growing Digitalization and Use of Telematics Across the Automotive and Transportation Industry and Government Standards for Deploying Vehicle Tracking in Commercial Vehicles
Challenges:
Time Consuming System Installation and High Cost Can Create Challenges
Restraints:
Dependence on Network Infrastructure and Cybersecurity Threats May Hamper the Market
Opportunities:
Development and Penetration of Autonomous Vehicles Across the Globe and Use of Vehicle Telematics for Innovative Insurance Solutions
Competitive Landscape:
The key players are targeting innovations of Solutions with better quality and better technical characteristics. They will probably keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are Verizon Communications (United States), Chetu (United States), Omnitracs (United States), Geotab Inc. (Canada), Harman International (United States), Continental AG (Germany), Infineon Technologies (Germany), Aplicom (Finland), Aptiv (Ireland), Magneti Marelli S.P.A. (Italy), Trimble Inc. (United States), Octo Telematics (Italy) and Box Telematics (United Kingdom). Analyst at AMA Research see United States & European Players to retain maximum share of Global Telematics- market by 2030. Considering Market by Components, the sub-segment i.e. Hardware (Telematics Control Unit, Telematics Gateway Unit, Navigation Systems, Communication Devices, Audio/Video Interface, CAN Bus, Other) will boost the Telematics- market. Considering Market by End User Industry, the sub-segment i.e. Automotive & Transportation will boost the Telematics- market. Considering Market by Technology, the sub-segment i.e. Bluetooth will boost the Telematics- market.
What Can be Explored with the Telematics- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Telematics- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Telematics-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Telematics- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Telematics- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Telematics Solution Providers, Software Developers, Government Regulatory Bodies, Research Organizations, End User Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.