Vehicle Telematics Market 2021-2025 in Depth Analysis by Type, Application, Innovative Technology, Digitalization, Demand, Competitive Landscape, Challenges & Forecast
Global Vehicle Telematics Market size was valued at US$ 41.66 Bn in 2017. The market is growing significantly, owing to the increasing digitalization of vehicles to enhance safety & security features.
Dallas , United States – May 31, 2021 /MarketersMedia/ —
Global Vehicle Telematics Market’ report offers detailed analysis about the market as well as demonstrates the market drivers, opportunities, restraints, demand factors, market size, future estimates and current & upcoming trends in the vehicle telematics market across the globe.
Telematics facilitates better safety models, safety awareness, affordability as well as technological progressions. Moreover, technological advancements for reducing carbon emissions by the means of telematics is estimated to push the vehicle telematics market over the forecast period. Moreover, vehicle telematics technologies enables reducing cost and boosts vehicle as well as driver’s security.
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The global market of vehicle telematics is anticipated to rise over the forecast period on the account of growing security related concerns among the consumer. Thus, rising demand for constant motoring of fuel-efficiency as well as car tracking will probably drive the vehicle telematics market growth in upcoming years. Some other major factors expected to fuel the market growth is augmenting usage of smart-phones & tablets and government safety and regulations and guidelines supporting the usage of telematics. Moreover, rising demand for fixed vehicle telematics systems in personal as well as commercial vehicles is also having positive impact over the market.
Several prominent manufacturers in automobile market use the combination of smart phones, tethered and implant it in the system, in order to enhance the intelligence as well as connectivity. Some of the major car telematics applications offered by major market players across the globe include vehicle diagnostics, roadside assistance & e-call, stolen vehicle tracking, traffic information, navigation & infotainment and accessibility applications. In addition, convenience application is operated through the remote control of vehicle for instance checking door lock or unlock, preconditioning of vehicle and latest parking location. Besides, it enables leasing & rental fleet management plus e-toll collection.
Heavy vehicles used for the transportation and logistics will probably be the major end-user segment of the global vehicle telematics market. The growth of the segment is predicted because of the rising concern of tracking and security of the truck as well as goods.
Furthermore, vehicle telematics offers 3 major applications to its users including pay-per-use & freemium services, Bundled basics & security services and premium subscription services. Amongst them bundled basics & security services are elementary services and are associated with the car security, emergency call services and effective efficiency. Cost of the bundled basics & security services are assembled in the price of the vehicle. Pay-per-use & freemium services are used for entertainment, navigation and alike applications.
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Moreover, this service are paid one and the revenue generated through them are shared between the content providers, manufacturers of the vehicles and telecom service providers. Additionally, with the introduction of 3rd generation telematics the global vehicle telematics market is expected to witness a significant growth over the forecast spell. Moreover, 3rd generation service will be the blend of valuable responses about the location of the vehicle as well as DIVA (Driver Interactive Vehicle Application) & Vehicle Relationship Manager (VRM), speech activated web service and several other information about the vehicles’ performance.
Key segments of vehicle telematics market
Type Overview, 2014-2025 (USD billion)
Solutions
Fleet/asset management
Navigation & location-based systems
Infotainment systems
Insurance telematics
Safety & security
Remote alarm & incident monitoring solutions
V2X
Others
Services
Integration & deployment
Consulting & design
Maintenance & training services
Vehicle Type Overview, 2014-2025 (USD billion)
Passenger cars
Commercial vehicles
Product Overview, 2014-2025 (USD billion)
Hardware
Software
Provider Overview, 2014-2025 (USD billion)
Aftermarket
OEM
Bandwidth Overview, 2014-2025 (USD billion)
2G/2.5G
3G
4G
Regional overview, 2014–2025 (USD billion)
North America
USA
Canada
Europe
UK
Germany
France
Asia-Pacific
India
South Korea
China
Japan
Central & South America
Brazil
Mexico
Middle East & Africa
Some Points from Table of Content:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Market Outlook
Chapter 4 Vehicle Telematics Market Overview, By Type
Chapter 5 Telematics Market Overview, By Vehicle Type
Chapter 6 Vehicle Telematics Market Overview, By Product
Chapter 7 Vehicle Telematics Market Overview, By Provider
Chapter 8 Vehicle Telematics Market Overview, By Bandwidth
Chapter 9 Vehicle Telematics Market Overview, By Region
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About Adroit Market Research
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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Website: https://www.adroitmarketresearch.com/industry-reports/vehicle-telematics-market
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