Research Nester published a report titled “VehicleTelematics Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global vehicle telematics in terms of market segmentation by service type, vehicle type, technology, sales channel, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
By
vehicle type, market is segmented into passenger cars and commercial vehicle. Out
of two, the passenger car segment is to garner the highest revenue by the end
of 2033. It is expected to grow at a significant CAGR over the forecast period
i.e. 2023-2033. The growth is on the account of increasing sales of passenger
cars. The global vehicle telematics market is to grow at a CAGR of
approximately 18% over the forecast period.
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The
global vehicle telematics market is primarily driven by rise in number of
connected vehicles, growing demand of safety feature in automobiles, need to
reduce the fuel consumption and higher demand of semiconductor chips.
On the
basis of region, the global vehicle telematics market is segmented into North
America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. Amongst all. The market in North America is to collect highest revenue
by the end of 2033 by growing at a modest CAGR over the forecast period.
Accelerated production of semiconductor chips, higher fuel usage by vehicles
and rising vehicle crash and accidents is to grow the market in North America.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest
of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Higher Number of Connected Vehicles is to
Elevate the Growth of Global Vehicle Telematics Market
Higher
prevalence of IoT and 5g services is prompting the need of people to have
connectivity in their automobiles. People wants to be connected to the world
even when they are stuck in traffic, their expectation from their vehicle is
rising. Manufacturers are embedding the connectivity solutions in the
automobile to suffice the need of their customers. The world is expected to
have nearly 2 billion connected cars by 2030.
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However, exorbitant
installation charges of connectivity in the cars, safety threat to telematics’
data and problems related to interoperability between the telematics systems of
different manufacturer are few factors which are expected to operate as key
restraint to the growth of global vehicle telematics market over the forecast
period.
This
report also provides the existing competitive scenario of some of the key
players of the global vehicle telematics market which includes company
profiling of Bosch Global Software
Technologies, Bridgestone Mobility Solutions B.V., Trimble, Octo Group S.p.A.,
Verizon, MiX Telematics, Zonar Systems, Harman International, Microlise
Limited, On Star Corporation, Qualcomm Technologies, Inc., and others. The profiling enfolds key information
of the companies which encompasses business overview, products and services,
key financials and recent news and developments. On the whole, the report
depicts detailed overview of the global vehicle telematics market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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report summary: https://www.researchnester.com/reports/vehicle-telematics-market/4462
Research
Nester is a leading service provider for strategic market
research and consulting. We aim to provide unbiased, unparalleled market
insights and industry analysis to help industries, conglomerates and executives
to take wise decisions for their future marketing strategy, expansion and
investment etc. We believe every business can expand to its new horizon,
provided a right guidance at a right time is available through strategic minds.
Our out of box thinking helps our clients to take wise decision in order to
avoid future uncertainties.
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Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
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