The global telematics in automotive market is majorly driven by the global need to reduce traffic congestions with the rapid urbanization. The increasing private and public demand for ensuring smart coordination of large-scale fleet tracking and enabling precise tracking of vehicles to enhance transportation safety on roads is also majorly driving the growth of this market. The integration of GPS systems with real time monitoring of vehicles is driving the growth of this market.
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Market Research Analysis
Among all services, information & navigation is expected to grow rapidly, owing to the increased features of telematics in automotive such as an embedded map in the system which can support local calculation of the routes and reception of routes computed at a designated center. Telematics in automotive also ensure delivering proper information about navigation in terms of displaying turn arrows over simplified road shapes and filling a turn arrow according to a vehicle’s positions.
North America is expected to be the largest region in the telematics in automotive market. Asia Pacific region is expected to witness the highest growth in the forecast period. Growing domestic demand for wireless communication system in vehicles in the developing countries such as China and India are expected to boost the telematics in automotive market in the region. Rapid increase in government regulations and the increased consumer willingness to pay more for telematics equipped vehicles, is motivating the market leaders to invest in the emerging markets of Asia Pacific.
The key players of telematics in automotive market are Digicore Technology Pvt. Ltd. (India), ID Systems Inc.(U.S.), FleetMatics Irl Limited (U.S.), Teletrac Inc. (U.S.), AutoTrac (Netherlands), Omnitracs LLC (U.S.), Masternaut Limited (U.K.), TomTom Telematics (Netherlands), Telogis Co(California). CalAmp (U.S.)- and others.
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Scope of the Report
This study provides an overview of the Global Telematics in automotive market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Telematics in automotive market by its type, services, vehicle type and region.
- Information & Navigation
- Safety & Security
- Remote Diagnostics
By Vehicle Type
- Passenger Car
- North America
- Asia Pacific
- Rest of the World
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