The global telematics market is predicted to grow at a healthy CAGR between 2017- 2023, reveals the latest Market Research Future report. Telematics, in simple terms, means the joining of two sciences- telecommunication that is a branch of technology that includes cables and phone lines, and informatics that includes computer systems.
Several players are adding to the global telematics market growth. Some of these factors as per the MRFR report include the growing need for wireless connectivity in automobiles, growing implementation of renewable sources of energy in electric cars, rising information and communication technology and telecommunication in different industrial sectors, and favorable government initiatives for on-road public safety, growing adoption of connected cars services, rising demand for raw diagnostic data for interpretation and analysis to improve vehicle performance, and growth in entertainment, safety, and security and navigation services. Besides, the increasing adoption of telematics during the COVID-19 outbreak is also adding market growth.
On the flip side, high equipment cost, extremely time-consuming manufacturing process, concerns over cybersecurity, and lack of standardization and seamless connectivity are factors that may limit the global telematics market growth over the forecast period.
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The prominent players profiled in the global telematics market report include ORBCOMM Inc. (U.S.), ClickSoftware Technologies Ltd. (U.S.), Vista Equity Partners (U.S.), Calamp Corp. (U.S.), Ingenie (U.K), AutoVision Wireless Inc (Canada), BOX telematics limited (U.K), Smart Telematics Ltd, NXP Semiconductors (the Netherlands), Agero Inc. (U.S.), InfoTrack Telematics (Japan), Tantalum Corporation (U.K), Trimble Navigation Ltd. (U.S.), Mix Telematics (South Africa), Telefonica SA (Spain), BMW Group (Germany), Ford Motor Company (U.S.), Vodafone Group Plc. (U.K.), AT&T (U.S.), Tom-Tom International BV (Netherland), HARMAN International Industries Inc.(U.S.), and Verizon Communication Inc. (U.S.).
The MRFR report highlights an inclusive segmental analysis of the global telematics market based on technology, services, and application.
By technology, the global telematics market is segmented into hybrid, portable, and embedded. Of these, the embedded technology will lead the market over the forecast period for the growth of cloud-based services, cost optimization of service plans, and government mandates.
By services, the global telematics market is segmented into maintenance and security, on-demand infotainment, diagnostic, and navigation.
By application, the global telematics market is segmented into government, healthcare, IT and telecommunication, automotive, and commercial. Of these, the automotive application will dominate the market over the forecast period.
By region, the global telematics market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will lead the market over the forecast period for the growing telecommunication sector, the presence of established automotive industry, and high demand for premium cars with comfort features and advanced safety are adding to the global telematics market growth in the region.
In Europe, the global telematics market is predicted to have the second-largest share over the forecast period for the increasing deployment of advanced features in end product.
In the APAC region, the global telematics market is predicted to have favorable growth over the forecast period. Increasing initiatives by the government, increasing funds for electric vehicle manufacturers, growing adoption of electric vehicles by consumers, upcoming regulations and rules for telematics, rise in fleet management, rising concerns for safety and security in Southeast Asia, India, and China, the growing trend of connectivity solutions, and vehicle diagnose are adding to the global telematics market growth in the region.
In the Rest of the World, the global telematics market is predicted to have sound growth over the forecast period.
February 2021- Phillips Connect has recently launched its Smart7 integrated telematics hub accessible to fleets across North America.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
12. Company Profiles
12.1 Verizon Communication Inc.(U.S.)
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 HARMAN International Industries Inc.(U.S.)
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Tom-Tom International BV (Netherland)
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 AT&T (U.S.)
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.5 Vodafone Group Plc. (U.K.)
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
12.6 Ford Motor Company (U.S.)
12.6.1 Company Overview
12.6.2 Product/Business Segment Overview
12.6.3 Financial Updates
12.6.4 Key Developments
12.7 BMW Group (Germany)
12.7.1 Company Overview
12.7.2 Product/Business Segment Overview
12.7.3 Financial Updates
12.7.4 Key Developments
12.8 Telefonica SA (Spain)
12.8.1 Company Overview
12.8.2 Product/Business Segment Overview
12.8.3 Financial Updates
12.8.4 Key Developments
12.9 Mix Telematics (South Africa)
12.9.1 Company Overview
12.9.2 Product/Business Segment Overview
12.9.3 Financial Updates
12.9.4 Key Developments
12.10 Trimble Navigation Ltd. (U.S.)
12.10.1 Company Overview
12.10.2 Product/Business Segment Overview
12.10.3 Financial Updates
12.10.4 Key Developments
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