Automotive Telematics Market Overview, Merger and Acquisitions , Drivers, Restraints and Industry Forecast By 2030

Market Size – USD 100.70 Billion in 2021, Market Growth – at a CAGR of 26.1%, Market Trends – Increasing R&D activities

Increasing awareness regarding road safety is driving automotive telematics market revenue growth during the forecast period. Telematics potentially helps usage-based insurance (UBI) business model by benefitting consumers and insurers by providing better risk assessment and over-the-top incentives. Telematics can measure a wide range of factors such as Global Positioning System (GPS), total miles driven, hard braking, airbag deployment, rapid acceleration, hard cornering, and time of day for underwriters to analyze and set premium accordingly. For example, the premium is higher for drivers who drive long distances at higher speeds compared to drivers who drive at slower speeds.

The publication also dedicates individual chapters to various segments present in the market and the related sub-segments. In this study, our analysts provide historical revenues along with the estimated revenues for all the sectors. Sales of products and the evolution of end-users have also been inspected in this research report. The chapter on geographical analysis assesses the regional markets. It takes an in-depth view of the volatile socio-political conditions, weather fluctuations, and annual budgets of nations to determine their effect on the global market.

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The report studies the impact of the COVID-19 pandemic on the Automotive Telematics market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.

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The report further divides the Automotive Telematics market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Automotive Telematics market.

Key companies profiled in the report include:

Trimble Inc., AirIQ Inc., Actsoft, Verizon, Airbiquity Inc., Ctrack, Masternaut Limited, Mix Telematics, TomTom International BV., and I.D. Systems Inc.

Emergen Research has segmented global automotive telematics market on the basis of vehicle type, sales-channel, connectivity solutions, application, and region:

  • Vehicle Type Outlook (Revenue, USD Million; 2019–2030)
    • Commercial Vehicles
    • Passenger Cars
    • Two-Wheelers
  • Sales-channel Outlook (Revenue, USD Million; 2019–2030)
    • Aftermarket
    • OEM
  • Connectivity Solutions Outlook (Revenue, USD Million; 2019–2030)
    • Embedded
    • Tethered
    • Smart Phone
  • Applications Outlook (Revenue, USD Million; 2019–2030)
    • Infotainment system
    • Insurance Telematics
    • Navigation Location Based System
    • Asset / Fleet Management
    • Safety Security
    • V2X
    • Others

Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

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Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Automotive Telematics market?

What are the key product types and applications of the Automotive Telematics industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Automotive Telematics market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Automotive Telematics Market by 2027?

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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