The Global Vehicle Telematics Market is projected to reach USD 415.93 billion by 2027, according to a recent report by Emergen Research. The stringent rules set by the government in association with property identification coupled with increased usage of cloud-based technology is likely to drive the expansion of the global Vehicle Telematics market.
The Vehicle Telematics market drivers and restraints Market intelligence report further offers hard to find data derived from attractiveness analysis that narrates a lot about the products, regions and applications expected to generate more revenue. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Vehicle Telematics market drivers and restraints industry.
On the other hand, the threat of knowledge hacking, high installation price, and therefore the dearth of unceasing and seamless net property the market to some extent. Withal, the good transportation, increased performance of autonomous vehicles, higher driver and vehicle safety, Associate in Nursing improvement of business selections for fleet house are expected to form an array of opportunities within the industries.
Rise in adoption of web-based services and convenience of advanced communication technology offer vast growth opportunities for fleet management businesses. Major technologies utilized in the market embody GPS trailing system, telematics and M2M communication, among others.
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Key participants include Trimble Inc., Omnitracs, Verizon, I.D.Systems Inc., Masternaut Limited, Airbiquity Inc., TomTom Telematics B.V, Harman International Industries, Inc., MiX Telematics, Teletrac Navman, and Cartrack.
In telematics and M2M devices, with sturdy communication network, fleet management activities are often simply handled, and have a fast access and response mechanism. Moreover, many solutions offered within the Vehicle Telematics market collect, manage, explore, interpret, and analyze the driving information of a selected driver. Such good fleet management solutions generate an enormous volume of knowledge, and help in establishing new business avenues in autonomous driving.
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For the purpose of this report, Emergen Research has segmented the global Vehicle Telematics Market on the basis of vehicle type, applications, connectivity solutions, and region:
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Passenger Vehicle
Commercial Vehicle
Two-Wheeler
Applications Outlook (Revenue, USD Billion; 2017-2027)
Asset/Fleet Management
Navigation and Location Based System
Infotainment System
Insurance Telematics
Safety and Security
V2X
Connectivity Solutions Outlook (Revenue, USD Billion; 2017-2027)
Embedded
Integrated Smartphones
Tethered
Applications Outlook (Revenue, USD Billion; 2017-2027)
Park Assist System
Lane Departure Warning System
Adaptive Cruise Control System
Autonomous Emergency Braking System
Blind Spot Detection
Others
Regional Outlook (Revenue: USD Billion; 2017-2027)
North America
U.S
Canada
Mexico
Europe
U.K
Germany
France
Benelux
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
UAE
Rest of MEA
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Overview of the Keyword Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
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Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
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