According to a new report published by Reports Monitor titled, “Automotive Telematics Market By Types & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the automotive telematics market was is projected to grow rapidly from 2017 to 2025.
Increasing demand for integrated wireless communication system within the vehicle by the drivers and passengers majorly driving automotive telematics market globally. Added to that, the market is also driven by strict safety norms applied on vehicles, increased safety awareness about passengers by the government. Future demand for connected cars and opportunities in the emerging economies creates great opportunities for this market in upcoming years.
However, the automotive market is hinder by high installation cost of telematics system and having inferior knowledge about this faster developing system in society. Moreover, hacking, privacy, and security concerns are the major curb challenged to automotive telematics market.
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This report presents a detailed evaluation of automotive telematics, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
Due to presence of prominent Original Equipment Manufacturers (OEMs), strategic alliances, exceptional communication infrastructure and higher adoption rate of technological advancements & innovations North American countries such as, U.S. and Canada shows significant growth in automotive telematics market. European region follows automotive telematics market on account of strict safety norms, increased safety awareness by government. Increasing domestic demand for wireless communication system within vehicle in developing countries such as, China and India boost the market growth of automotive telematics in Asia-Pacific region.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global automotive telematics market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
View Full Report Description with TOC- https://goo.gl/KiwDAK
The major companies profiled in the report include Robert Bosch GmbH, Continental AG, LG Electronics, Verizon Communication Inc., Harman International, Agero Inc., Airbiquity Inc., ID Systems Inc., Visteon Corporation and Qualcomm Technologies, Inc.
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
Some points from TOC-
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
4. Type Overview
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. CE Telematics
4.2.2. Embedded Telematics
4.2.3. Hybrid Telematics
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
View Full Press Release- http://garnerinsights.com/press-release/Automotive-Telematics-Market
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