Consumer Telematics Systems Market? Forecast (2018-2023)
Posted by Venkatesh on October 10th, 2018
According to the new market research report by IndustryARC titled “Consumer Telematics Market By Technology (Integrated, Embedded & Tethered); Services (GPS, Navigation Systems, Car Diagnostics, Fleet Management & Others), Industry, Components & Geography – Forecast (2018–2023),” the market will be driven by increased sales of automobiles.
The Americas to dominate the Consumer Telematics Market
Americas will dominate the Consumer Telematics Market due to the extensive research and development activities taking place in the region.
Selected Regulatory Analysis Done in the Consumer Telematics Market Report:
The Insurance Telematics segment will dominate the Consumer Telematics Market in the coming years. This is followed by the Infotainment, navigation, and location based telematics solutions. These segments are expected to generate huge revenues in the future. Media and entertainment and healthcare sectors are also expected to adopt consumer telematics.
Selected Driving Factors Mentioned in the Consumer Telematics Market Report
• Government initiatives will drive the growth of the consumer telematics market. In Europe and America, for instance, the governments have been offering tax credits for telematics customers in the fleet insurance and management sectors.
• Advanced technologies will reduce the production costs of telematics products during the forecast period, thereby driving the growth of the telematics industry.
• The automotive industry has witnessed an increase in the number of unit sales even while recovering from recession. This factor indicates that there will be no dearth of demand for telematics solutions in the near future.
• Government regulations for higher security measures and growing amplified market penetration of smartphones will propel the consumer telematics market.
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Key Players of the Consumer Telematics Market
General Motors, BMW, Ford MotorCorp., and Harman Infotainment are the key players of the Consumer Telematics Market. General Motors makes sure that your fleet operates at optimal efficiency with fleet telematics. It also provides a customizable and detailed report on the vehicles in the fleet. BMW, which is one of the leading automobile manufacturers in the world, has expanded its consumer telematics market by adding ConnectedDrive and Assist
The Consumer Telematics Market is Segmented as Below:
The growing demand for big data analytics will boost the demand for consumer telematics.
A. Consumer Telematics Market By Classification
B. Consumer Telematics Market By Geography (13+ countries)
E. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.
What can you expect from the report?
The Consumer Telematics Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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