Global Automotive Telematics Market to Surge at a CAGR of 22.1% during the Forecast Period of 2017 – 2025
Albany, New York, April 13, 2017: Recent innovations in technological applications of telematics solutions in vehicles have completely transformed the industry. Considering this scenario, Market Research Reports Search Engine (MRRSE) has recently announced the addition of a market intelligence report to its vast online repository. This market research report is titled as “Automotive Telematics Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2017 – 2025”.
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As per the estimations of the report, the Global Automotive Telematics Market is likely to rise with an impressive CAGR of 22.1% between 2017 and 2025. Rising at this pace, the market is expected to reach market an evaluation of US$75.79 billion by the end of 2025 from its valuation of US$10.15 billion in 2016. The report describes the market dynamics, such as drivers and restraints affecting the growth as well as analyzes their impact during the forecast period. Moreover, it highlights the substantial opportunities for market growth along with the risks factors for the upcoming years. For proper understanding of the market, the study comprises market attractiveness analysis, where different segments are benchmarked based on their growth rate, market scope and market attractiveness.
Another vital feature of this study is the analysis of global automotive telematics market by segregating the market on the basis of application type, vehicle type and geographical region. Segments based on application type are as follows:
- Vehicle Tracking
- Fleet Management
- Satellite Navigation
- Vehicle Safety Communication
Among these, the vehicle tracking segment is the most dominant in the market. This segment holds more than 30% share in the overall market. Besides this, this segment is expected to remain dominant during the course of the forecast period. Based on vehicle type, the market is categorized into light commercial vehicles, passenger vehicles and heavy commercial vehicles. Of these, the passenger vehicle segment held a share of 55.3% in the overall market in 2017 and will remain dominant throughout the forecast period. Geographically, the key market segments for this industry are North America, Asia Pacific, Europe, Latin America and the Middle East & Africa. Asia Pacific region dominates the overall market with a share of 33.5% in 2016.
The global market of automotive telematics is fragmented with few medium and large companies. Key players in the global market have been profiled with details, such as company overview (HQ, foundation year, employee strength), business strategies, market presence (by segment and by geography), SWOT analysis, financial overview and major recent developments. Some of the market participants included in this report are Trimble Inc., TomTom International B.V., Masternaut Limited, Telogis, Continental AG, Visteon Corporation, Airbiquity Inc. and Agero Inc.
Browse Full Global Automotive Telematics Market Report with TOC : http://www.mrrse.com/automotive-telematics-market
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