According to Goldstein Research, global automotive telematics market is expected to reach USD 98.76 billion by 2024 from USD 17.38 billion in 2015, growing at a CAGR of 24.2% during the forecast period 2016-2024. The automotive telematics market growth is largely impacted by the rising number of road accidents and security concerns among the users. Moreover, the government automotive safety norms are also witnessed to be favoring the adoption of telematics in passenger and commercial vehicles which is further positively driving the growth of global automotive telematics market. Further geographically, global automotive telematics market is dominated by North America with a market share of 34.0%, followed by Europe market share of 28.0%.
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Market Segmentation
Global Automotive Telematics Market can be segmented as follows:
By Telematics Devices
• Embedded Devices
• Tethered Devices
• Smartphone Integration
By Communication Types
• Vehicle-to-Vehicle
• Vehicle-to-Infrastructure
• In-Vehicle
By Applications
• E-Call and roadside Assistance
• Vehicle Diagnostics
• Infotainment
• Stolen Vehicle Tracking
• Fleet Management
• Other (Toll Collection and Road Charges etc.)
By Region
• North America Automotive Telematics Market Analysis, 2016-2024
• Europe Automotive Telematics Market Analysis, 2016-2024
• Middle East and Africa Automotive Telematics Market Analysis, 2016-2024
• Latin America Automotive Telematics Market Analysis, 2016-2024 (%)}
• Asia Pacific Automotive Telematics Market Analysis, 2016-2024
• Rest of the World Automotive Telematics Market Analysis, 2016-2024
Global Automotive Telematics Market report by Goldstein Research highlights a comprehensive overview of the global automotive telematics market. The report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of the automotive telematics market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.
Major players of the global automotive telematics market analyzed in the report are AT&T Inc., Telefonica, Telenor Connexion, BMW AG, General Motors, FCA Group, Tesla Motors, Airbiquity Inc., Agero Inc., Continental AG, Verizon, etc.
Further, the report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Automotive Telematics Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.
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