Key Findings
The North America automotive telematics market growth is estimated to progress at a CAGR of 20.46% during the forecast period, 2021-2028. The rising demand for light commercial vehicles and passenger cars has led to increased demand for insurance telematics. The presence of major players in telematics applications is set to propel the market growth.
Market Insights
The United States and Canada are assessed for the North America automotive telematics market growth analysis. In Canada, the privacy concerns of the consumers hinder the progress of automotive telematics. Companies are inclined towards fleet management growth in the country. Fleet Complete and Rogers Communications partnered in January 2020 to offer businesses a full range of cost-effective commercial fleet management and asset tracking solutions.
Moreover, almost 40% of trucking fleets use telematics systems. Varied functionalities of systems are offered across the telematics industry. These include basic systems that fulfill the minimal electronic logging regulatory requirements and extensive fleet management platforms with features like preventative maintenance, driver behavior & management, asset tracking, and route optimization. Also, the shifting trend to big data to make informed decisions will further surge with the thriving telematics systems.
Competitive Insights
Some of the eminent market players include, Omnitracs LLC, Continental AG, AT&T Inc, Masternaut Limited, Mix Telematics, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments