Industry Background:
Telematics is an interdisciplinary field that encompasses telecommunications, vehicular technologies for instance road transportation, road safety, electrical engineering and computer science. Automotive telematics is monitoring of vehicle by combining a GPS system with on-board diagnostics. It includes automatic crash notification, roadside assistance services, vehicle tracking, remote door services, navigation assistance, traffic assistance, concierge services, infotainment services, fleet management and diagnostics.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Teletrac Inc. (United States), Satways Ltd. (Greece), I.D. Systems, Inc. (United States), MiX Telematics (South Africa), Telogis (United States), TomTom N.V. (Netherlands), Masternaut (France), Ficosa (Spain), NavInfo Co. Ltd (China) and Valeo Group (France) |
This growth is primarily driven by Automotive Telematics Increases Efficiency and Improved Safety and Reduces Operating Costs and Optimize Vehicle Performance.
Globally, a noticeable market trend is evident Increasing Adoption of Connected Car Technology Major Vendors, such as Teletrac Inc. (United States), Satways Ltd. (Greece), I.D. Systems, Inc. (United States), MiX Telematics (South Africa), Telogis (United States), TomTom N.V. (Netherlands), Masternaut (France), Ficosa (Spain), NavInfo Co. Ltd (China) and Valeo Group (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Automotive Telematics is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In May 2023, Transflo, a supply chain management and automation software company, and Assured Telematics Inc. (ATI), a provider of fleet management solutions, entered into a deal to help fleet customers increase efficiency, improve cash flow and reduce costs. I did. Through the merger, Transflo will integrate ATI's solutions into its products, creating a tightly connected technology ecosystem.
In January 2020, Teletrac Navman, a global software-as-a-service provider that leverages location-based technology and services for managing mobile assets, has announced its newest asset tracking product, the ATS1. The ATS1 (Asset Tracking System) is a battery-powered asset tracker that uses 4G.
Influencing Trend:
Increasing Adoption of Connected Car Technology
Market Growth Drivers:
Automotive Telematics Increases Efficiency and Improved Safety and Reduces Operating Costs and Optimize Vehicle Performance
Challenges:
Breakdown in Communications of Automotive Telematics
Restraints:
High Error Rates in Automotive Telematics Restraining the Growth of the Market
Opportunities:
Growing Automobile Industry Worldwide, Increasing Awareness about Vehicle Safety and Technological Advancements in the Automobile Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Telematics Market
- Analysis about New Entrants in Automotive Telematics Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Telematics Study Sheds Light on
The Automotive Telematics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Telematics industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Telematics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.