Technological advancements and the growing role of information technology used to improve the automotive experience in terms of safety compliance mandates, road infrastructure constraints and driver monitoring will drive the global market growth of telematics in the coming years, according to a new report from Market Research Hub (MRH). This research study is titled, “European Union, Japan, India, China, Southeast Asia and United States Automotive Telematics Market Size, Status and Forecast 2021” and analyzes the projected development status and market size in these regions from 2016 to 2021.
The report covers some of the major applications of telematics, including vehicle tracking and wireless vehicle safety communication. The report also discusses telematics projections across industry segments, which include:
- Logistics and transportation service;
- Automotive manufacturers and dealers;
- Government security agencies; and
- Car rental companies
Geographically, the report states that North America currently has the largest marketshare for automotive telematics systems overall, followed by Europe and Asia Pacific. North America is expected to maintain its dominance in the forecasted period. On the other hand, the report states that U.S. and Japan are the major users of in-vehicle automotive telematics systems. Due to the increasing demand for vehicles equipped with telematics systems in the emerging markets of Asia Pacific, China, Japan and India are expected to drive the market in the given forecast period.
The report focuses on the following key players in the telematics space: Agero, Verizon Telematics, Visteon, Airbiquity, AT&T, Bynx, Continental, Connexis, Fleetmatics Group, Magneti Marelli, Octo Telematics, PTC, Telecommunication Systems, TomTom International, Vodafone Automotive, GM, Luxoft and others. All of these companies are mentioned in detail along with company profiles, recent developments, products, services and revenue during the 2011-2016 period.