The Global Vehicle Telematics Market is expected to reach USD 20.12 billion by 2025 growing at a CAGR of 20.3% during the forecast period of 2019 to 2025.
Vehicle telematics can be termed as electronic technology that is involved in cars which helps the customer to keep the cars safer prevent it from getting lost and helps to summon roadside assistance. These telematics can also be termed as crash-resistant black box which receives wireless information which is advance than the radio. The best features of this telematics are automatic crash notification (ACN). This feature helps the car to sense significant accident and also report them. The various features that the telematics provide are emergency assistance, Good Samaritan assistance, roadside assistance and automatic collision notification. The market for the telematics is expected to grow exponentially as computer applications are developed to take advantage of the growing number of GPS units, increased processing power and widespread use of mobile devices.
Major Key players profiled in this report are:
- PTC, Inc.
- Trimble Inc.
- Tomtom Telematics Bv
- Verizon Telematics, Inc.
The Other Players are:
Mix Telematics International (PTY) Ltd, Zonar Systems, Inc, OCTO Telematics Ltd, Omnitracs, LLC, Masternaut Limited, Microlise Group Ltd, Inseego Corporation, Volkswagen Commercial Vehicles and many more.
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Major Market Drivers:
- Increasing adoption of NGTP would enhance the telematics service delivery
- Proliferation of telematics technology due to decreasing sensor and connectivity cost
- Growing government mandate for deploying vehicle tracking in commercial vehicles
- Rising demand for smartphones supplements the adoption of telematics solutions and services
Vehicle Telematics Market enables organizations to get a decent knowledge into every one of the exercises that are functioning admirably in the market. The report helps to recognize the sales boosting factors and elements as well as helps the clients to understand their clients better. Additionally, it highlights the areas of risk and success in this market. It encourages the clients to investigate more and distinctive opportunities that will help to grow their business. The report enables the clients to not only achieve their short –term goals but long-term goals as well.
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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Global Vehicle Telematics Market, By Provider Type (OEM, Aftermarket)
By Vertical (Transportation, Logistics, Government, Utilities, Travel, Tourism, Construction, Education, Healthcare, Media, Entertainment)
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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