Global Telematics Solution Market valued approximately USD 22.6 million in 2016 is anticipated to grow with a healthy growth rate of more than 5,4% over the forecast period 2017-2025.
An increased need to track vehicles in real time and monitor driver behavior, coupled with the rising demand for onboard infotainment is expected to drive the use of telematics technology. Although the telematics market is expected to have a positive growth globally.
Net scribes point out that there is still a lack of awareness among car owners, resulting in a resistance towards bearing additional costs of installing new devices in old cars and vehicles. A large segment of vehicle owners is still aversive to Usage Based Insurance (UBI) companies over data privacy concerns.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
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Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service & Vehicles Type:
> Automatic Crash Notification (ACN)
> Emergency Calling (EC)
> Navigation & information
> On-Road Assistance
> Remote Diagnostics
> Vehicle Tracking/Recovery
By Form Factor:
> Embedded Telematics Solution
> Integrated Telematics Solution
> Tethered Telematics Solution
By Equipment Type & Service:
> Fuel Management
> Location/Usage Tracking
> Maintenance & Repair Scheduling
> Navigation
> Diagnostics
> Other Service
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By Technology:
> Cellular
> Satellite
By Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
- What are the distribution channels and their effectiveness in reaching the target market?
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