Sales of Automotive Telematics Is Growing Over 5x To Reach US$ 217.7 Billion Throughout 2031

Posted on 2022-11-22 by Fact.MR in Automotive // 0 Comments

The global automotive telematics market stood at over US$ 22 Bn in 2018, registering a Y-o-Y growth of 23.3% by 2019.

Prospects appear even more optimistic, with the industry expected to reach US$ 41.6 Bn by 2021, growing over 5x to reach US$ 217.7 Bn throughout the 2021-2031 forecast period.

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Competitive Landscape

Prominent service providers are relying on introducing new software which facilitate advanced damage detection systems, based on cloud and artificial intelligence approaches. Noteworthy developments in the past few months are as follows:

In January 2021, Harman International Industries Inc. announced the introduction of HARMAN Turbo Connect (TBOT). The software anticipates and mitigates connectivity discrepancies on the road. This addition to the current portfolio satisfies current demand for high speed connectivity with low latency, especially when used with 5G-enabled technologies, including its Smart Conformal Antenna
In November 2021, Robert Bosch GmbH introduced its Ridecare services, equipped with a sensor box, to detect damage to a vehicle and smoke inside the vehicle. The sensor deploys a cloud-based data analysis using artificial intelligence, disbursing information on whether a vehicle has been damaged, or someone has smoked in it. Pilot projects are being initiated across North America, Asia and Germany

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Key Companies Profiled :

Harman International Industries, Inc.
Magneti Marelli S.p.A
Airbiquity Inc.
Verizon Telematics, Inc.
TomTom N.V.
Masternaut Limited
Trimble Inc.
Visteon Corporation
Robert Bosch GmbH
Delphi Automotive Plc.Key Segments Covered

Product Type
- Embedded Automotive Telematics
- Integrated Automotive Telematics
- Tethered Automotive Telematics
Services
- Safety and Security Automotive Telematics
- Information & Technology Automotive Telematics
- Entertainment & Remote Diagnostics Automotive Telematics
Vehicle Type
- Passenger Car Automotive Telematics
- LCV Automotive Telematics
- HCV Automotive Telematics
Sales Channel
- Automotive Telematics Sales via OEMs
- Automotive Telematics via Aftermarket

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Questionnaire answered in the Automotive Telematics Market report include:

How the market for Automotive Telematics has grown?
What is the present and future outlook of the global Automotive Telematics on the basis of region?
What are the challenges and opportunities for the Automotive Telematics?
Why the consumption of Automotive Telematics highest in region?
In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Automotive Telematics market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Automotive Telematics market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Automotive Telematics market and assists to create strategies to overcome the obstacles that may hinder the growth of the Automotive Telematics market.
Leverage: The Automotive Telematics market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Automotive Telematics market.

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