Home Icon

Loading, Please Wait...

Increasing Focus on Vehicle Safety is Encouraging Increased Adoption of Automotive Telematics Market, Noted TMR

983 Days ago

Automotive Telematics Market is Expected to Reach US$75.79 Bn by 2025 and Rise at a Healthy CAGR of 22.1%

Albany, New York, Sept. 17, 2019 (GLOBE NEWSWIRE) -- There are several key players that are operating in the global automotive telematics market. The top four companies in the automotive telematics market include I.D. Systems, Aribiquity Inc., TomTom International, and Agero Inc. These companies collectively accounted for an overall market share of nearly 38%. These leading companies are more focused on developing technologically advanced and innovative products in order to strengthen their brand value. As the vendor landscape is quite fragmented due to presence of several players, the established companies are also opting for acquisitions and joint ventures to stay ahead of the competitive curve. For instance, in January 2019, Airbiquity announced that the company has agreed to enter into a strategic alliance with NXP Semiconductors to develop Over-the-Air software and data management with the vehicle network processors.

A recent research report by Transparency Market Research on global automotive telematics market states the market players are expected to find several lucrative business opportunities as the application segments of automotive telematics are growing rapidly. This growth of the companies will directly correspond to the overall development of the global automotive telematics market. According to the research report, the market will show a massive CAGR of 22.1% over the course of the given forecast period of 2017 to 2025. Such huge rate of growth will help the automotive telematics market to reach a valuation of US$75.79 Bn by 2025. The market was initially valued at US$10.15 Bn in 2015.

To Know the Segments Analyzed in the TMR Report, Ask for a Brochure here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3167

China to Contribute Significantly in Asia Pacific’s Global Dominance

For a better understanding of the working dynamics of the global automotive telematics market, it has been divided into five key regional segments. They are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, the automotive telematics is predominantly led by Asia Pacific region. In 2016, the region accounted for nearly 33.5% of the overall market share. This domination of the Asia Pacific region is expected to continue over the course of the given forecast period of 2017 to 2025. The development of the market is spurred with the emergence of rapidly developing economies such as India and China. The consumption of automotive sector in China is one of the largest in the world and thus offers an array of lucrative business opportunities for leading players.

To Know More About TMRs Unique Offerings for Automotive Telematics Market, Request a Sample here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3167

Regulatory Mandates Are Helping to Push Market Growth

There are several factors that are responsible for the growth of the global automotive telematics market. One of the biggest driving factor is the favorable government policies regarding the installation of telematics. Several governments and regulatory bodies are issuing strict guidelines associated to the safety of vehicles. Telematics being an important component of the overall safety unit of any vehicle, such strict guidelines are expected to fuel its demand. For instance, international regulatory guidelines such as eCall in the EU, SVT in Brazil, and GLONASS in Russia, have made it mandatory to install safety telematics in all the new European-made vehicles. The guidelines have also made it compulsory to use and install safety telematics control units across the commercial vehicles. Such initiatives undertaken by the regulatory bodies are giving a massive push to the development of the global automotive telematics market.

In addition to this, constant technological advancements in the automotive sector is encouraging the market players to bring out innovative products and also upgrade their previous products. Such developments in the parent sector is also helping the automotive telematics market to grow at a great pace.

Looking for Exclusive Market Insights from Business Experts? Request a Custom Report here: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3167

This review is based on TMR’s report titled, “Automotive Telematics Market (Application - Vehicle Tracking, Fleet Management, Satellite Navigation, and Vehicle Safety Communication; Vehicle Type - Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2017 - 2025.” 

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3167

The global Automotive Telematics Market is segmented as follows: 

By Application 

  • Vehicle Tracking
  • Fleet Management
  • Satellite Navigation
  • Vehicle Safety Communication
  • Others  

By Vehicle Type 

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles  

By Geography 

  • North America
    •  U.S.
    • Canada 
  • Europe 
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Poland
    • Rest of Europe 
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
    • Japan 
  • Latin America 
    • Brazil
    • Mexico
    • Rest of Latin America 
  • Middle East & Africa 
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Browse More Automotive & Transport Market Research Reports

Popular Research Reports by TMR:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Browse our Blogs for More Research Insights:
https://beetribune.com/ | https://tmrblog.com/ | https://qbnnews.com/


Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Research Blog: https://www.redfoxinfo.com/

We Are Diffrent
Is your business listed correctly on America’s largest city directory network of 1,000 portals? Find your City Portal