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Telematics Market 2019 Worldwide Industry Analysis and New Market Opportunities Explored 2023
Posted: Apr 19, 2019
Telematics Global Market- Overview
Technology advancement in every industry sector has transformed the functionalities of a machine to the next level. The driving factor of emerging digital technology has make communication with machines possible and is further boosting its growth in coming years. Artificial intelligence is one of the fastest growing technology in this area which is developing its roots in transportation, automation, construction and industrial applications. Artificial intelligence with support of machine learning is one of the major driving force behind emergence of self-driving and connected cars in the automotive segment. Image recognition, telematics, and GPS and GNSS are some of the features engrossed with self-driving cars. Many major companies such as Harman, Samsung, LG and AT&T are investing in developing innovative telematics solution for their customers.
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The major growth driver of Telematics Market includes rising demand for high-Telematics, increasing adoption of renewable energy sources such as electric vehicles, and growing ICT and telecommunication sector among others. However, high initial cost and time consuming manufacturing process are the major factors which are hindering the growth of Telematics Market
Some of the major players in global Telematics Market include Verizon Communication Inc.(U.S.), HARMAN International Industries Inc.(U.S.), Tom-Tom International BV (Netherland), AT&T (U.S.), Vodafone Group Plc. (U.K.), Ford Motor Company (U.S.), BMW Group (Germany), Telefonica SA (Spain), Mix Telematics (South Africa), and Trimble Navigation Ltd. (U.S.) among others.
Other vendors include Tantalum Corporation (U.K), InfoTrack Telematics (Japan), Agero Inc. (U.S.), NXP Semiconductors (the Netherlands), Smart Telematics Ltd, BOX telematics limited (U.K), AutoVision Wireless Inc (Canada), Ingenie (U.K), Calamp Corp. (U.S.), Vista Equity Partners (U.S.), ClickSoftware Technologies Ltd. (U.S.), ORBCOMM Inc. (U.S.) among others.
Telematics Global Market- Competitive Analysis
Telematics market appears to be competitive in the coming years owning to the presence of numerous large players active in regional market. Verizon Communication Inc., Harman International Industries Inc., Tom-Tom International BV, and AT&T are some of the companies leading the Telematics market globally. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Telematics Global Market- Regional Analysis
The global Telematics (BIM) market is estimated to grow at a promising rate in upcoming years. North America has witnessed to dominate the market due to presence of established automotive industry and growing telecommunication sector in the region. Also, high demand for premium cars with advanced safety and comfort features has driven high growth in telematics market of North America region. Followed by Europe which is the leading region for automotive manufacturing and is increasing deployment of advanced telematics features in the end product. Asia-Pacific is expected to be the fastest growing region due to increasing initiatives by government and offering funding for electric vehicle manufacturers and increasing adoption of electric vehicle by consumers.
Telematics Global Market- Segmentation
The Telematics Market can be classified into 4 key segments as follows:
Segmentation by Technology: embedded, portable and hybrid among others.
- Segmentation by Services: navigation, diagnostic, on-demand infotainment and maintenance and security among others.
- Segmentation by Application: commercial, automotive, IT, insurance, telecommunication, healthcare and government among others.
- Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
- Telematics Market services providers
- Smart components manufacturers
- Government agencies
- Electronic components manufacturers
- Value-added resellers
- Auto parts suppliers
- Research Firms
- Automation & control networking technologies vendors
- Component manufacturers (sensors & controls)
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TABLE OF CONTENTS
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global Telematics Market: By Region, 2017-2023
Table3 North America Telematics Market: By Country, 2017-2023
Table4 Europe Telematics Market: By Country, 2017-2023
Table5 Asia Pacific Telematics Market: By Country, 2017-2023
Table6 The Middle East & Africa Telematics Market: By Country, 2017-2023
Table7 Latin America Telematics Market: By Country, 2017-2023
Table8 Global Telematics By Technology Market: By Regions, 2017-2023
Table9 North America Telematics By Technology Market: By Country, 2017-2023
Table10 Europe Telematics By Technology Market: By Country, 2017-2023
Table11 Asia Pacific Telematics By Technology Market: By Country, 2017-2023
Table12 The Middle East & Africa Telematics By Technology Market: By Country, 2017-2023
Table13 Latin America Telematics By Technology Market: By Country, 2017-2023
Table14 Global Technology Market: By Region, 2017-2023
Table15 Global Deployment Market: By Region, 2017-2023
Table16 Global Deployment Market: By Region, 2017-2023
Table17 North America Telematics Market, By Country
Table18 North America Telematics Market, By Technology
Table19 North America Telematics Market, By Service
Table20 Europe: Telematics Market, By Service
Table21 Europe: Telematics Market, By Technology
Table22 Asia Pacific: Telematics Market, By Country
Table23 Asia Pacific: Telematics Market, By Technology
Table24 Asia Pacific: Telematics Market, By Service
Table25 The Middle East & Africa: Telematics Market, By Country
Table26 The Middle East & Africa Telematics Market, By Technology
Table27 The Middle East & Africa Telematics Market, By Service
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Ma