Consumer telematics

Consumer Telematics Market

Opportunities and Forecasts, 2014 - 2022

Consumer Telematics Market (Future and Growth) • Global Consumer Telematics Market is expected to garner $26.18 billion by 2020 • The Telematics Market can register a CAGR of 33.7% during the forecast period of 2014-2020 • Currently, Aftermarket has a relatively high market share as compared to Automotive OEM • Vehicle manufacturing companies can lead to high growth of Automotive OEM segment as well • Passenger cars manufactured today offer unique connectivity solutions for better monitoring and tracking

Consumer Telematics Market (Factors Contributing to Market Growth)

The Consumer Telematics Market is driven by amplified market penetration of • smart phones • supportive governmental regulations for higher safety and security • demand for superior driving experience

• lowered connectivity cost • high speed internet technologies

Key Factors Of The Telematics Market • The aftermarket type generates the maximum revenue and is expected to remain the largest revenue generator •

Aftermarket contributes over 55% of the total market revenue throughout the forecast period (2014-2020)

• Amongst end users, Car (rental and owned) segment held the second-largest share in the total market size by revenue in 2013 • The consumer telematics market is also expected to observe increased adoption from sectors such as healthcare and media and entertainment

Consumer Telematics Market Segmentation

By Type Automotive OEM Services

By Application

By Solutions

By End User Car (owned & rental based)

Embedded

Fleet / Asset Management

Insurance Healthcare

Hybrid

Navigation & Location based Infotainment & Many more

Media & Entertainment

After Market Embedded Portable

By Services Design & Consulting Integration & Deployment Maintenance & Training

Vehicle Manufacturers & dealers

By Government Agencies

Consumer Telematics Market Segmentation (By Geography) • Geographically, the market is segmented into, North America, Europe, Asia Pacific and LAMEA • Asia-Pacific is expected to grow as a prominent automobile market in future, which would fuel the market for consumer telematics in the region • LAMEA is forecasted to grow at a good pace, because of increasing government regulations for vehicle as well as driver safety & security.

Key Players Of Telematics Market • • • • • • • • • •

Verizon Harman TomTom AT&T Vodafone Group PLC Ford Motors Co. BMW Telefonica Mix Telematics Trimble Navigation Limited

Summary Insurance telematics, is the highest revenue-generating solution, contributing about 27% of the total consumer telematics solutions market revenue driven by the growing insurance sector. This is followed by infotainment and navigation and location-based telematics solution. In certain economies like Brazil and China, the government legislations mandate the adoption of telematics in vehicles, given the rising concern of vehicle tracking and safety and security; thereby driving the demand for telematics solutions in these regions.

To Know more about Consumer Telematics Market Visit : https://www.alliedmarketresearch.com/consumer-telematics-market

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