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. 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

By Technology:

  • Cellular
  • Satellite

By Regions:

  • North America
  • ·U.S.
  • ·Canada
  • Europe
  • ·UK
  • ·Germany
  • Asia Pacific
  • ·China
  • ·India
  • ·Japan
  • Latin America
  • ·Brazil
  • ·Mexico
  • Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are Robert Bosch Gmbh, Continental AG, LG Electronics, Verizon, Harman International. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Telematics Solution Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors