Automotive Telematics Market Size Analysis 2022: Future Scope with Ongoing Trends, Growing Demands, Business Profit Analysis, Key Insights, Technological Advancement Foreseen by 2031

Kenneth Research has evaluated the current market opportunities in Automotive Telematics Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Telematics Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Automotive telematics are designed by the combination of data processing, telecommunications and vehicular technology. It has the ability to convert the vehicles from just a mere mode of transport into a mobile information station, service provision and high-end digital hardware. Telematics are capable of giving real-time updates of the vehicles. Automotive telematics comprises of certain key elements such as automatic crash notification, GPS, traffic assistance, navigation assistance, vehicle tracking, infotainment services and among others. The global automotive telematics market has witnessed increased demand driven by the factors such as government initiative for increasing adoption of telematics in vehicles, rising number of road accidents, growing demand for wireless communication system and increasing awareness regarding various benefits of telematics. Though, lack of technical knowledge and high cost may restrain the growth. Nevertheless, untapped markets in emerging economies and low barrier to entry provides several opportunities for market players.

The market is segmented based on the vehicle type, application, and geography. vehicle type is segmented into passenger vehicles, light commercial vehicles and heavy commercial vehicles. Furthermore, by application, it is segmented into satellite navigation, fleet management, vehicle tracking, vehicle safety communication and others.

By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers Germany, France, U.K., Italy and Rest of Europe. Asia-Pacific covers China, India, Japan and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.

Key market players include Delphi Automotive Plc., Airbiquity Inc., Robert Bosch Gmbh, Mix Telematics, Continental Ag, Teletrac Inc., Omnitracs LLC, Visteon Corporation, DigiCore and TomTom Telematics.

The key takeaways from the report:
The report will provide a detailed analysis of Global Automotive Telematics Market with respect to major segments such as vehicle type, application and geography. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global Automotive Telematics Market from 2015 to 2024 has been included in the report.

Profile of the key players in the Global Automotive Telematics Market will be provided, which include key financials, product & services, new developments and business strategies

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Scope of Automotive Telematics Market:
Vehicle Type Segments
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Application Segments
Satellite Navigation
Fleet Management
Vehicle Tracking
Vehicle Safety Communication

Geography Segments
North America

South America
Middle East

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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