Pune, Maharashtra -- (SBWIRE) -- 08/23/2023 -- The Automotive Telematics Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Michelin, Agero, Clarion Co, Ltd., Continental AG, Delphi Technologies, Denso Corporation, Embitel Technologies, HARMAN International, Inseego Corp, Intel Corporation.
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According to HTF Market Intelligence, the Global Automotive Telematics market is segmented by Components (Software, Service) by Business Model (Business-to-Consumer Telematics, Business-to-Product Telematics, Business-to-Business Telematics) by Service (Vehicle Tracking, Fleet Management, GPS Tracking, Infotainment Services, Traffic Assistance, Others) by Vehicle Type (Passenger Vehicle, Commercial Vehicle) by End User (OEM, Aftermarket) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Telematics is an interdisciplinary field that encompasses telecommunications, vehicular technologies for instance road transportation, road safety, electrical engineering, and computer science. Automotive telematics is monitoring vehicles by combining a GPS system with on-board diagnostics. It includes automatic crash notification, roadside assistance services, vehicle tracking, remote door services, navigation assistance, traffic assistance, concierge services, infotainment services, fleet management, and diagnostics.
Market Trends:
- Increasing Adoption of Connected Car Technology
Market Drivers:
- Automotive Telematics Increases Efficiency and Improved Safety
- Reduces Operating Costs and Optimize Vehicle Performance
Market Opportunities:
- Growing Automobile Industry Worldwide
- Increasing Awareness about Vehicle Safety
- Technological Advancements in the Automobile Industry
Automotive Telematics Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: Michelin, Agero Inc., Clarion Co, Ltd., Continental AG, Delphi Technologies, Denso Corporation, Embitel Technologies, HARMAN International, Inseego Corp, Intel Corporation
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Automotive Telematics market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
Automotive TelematicsProduct Types In-Depth: Passenger Vehicle, Commercial Vehicle
Automotive Telematics Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement in the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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