Vehicle Telematics Market Segmentation and Analysis by Recent Trends, Development and Growth by Regions to 2026
Market Summary: • The global vehicle telematics market is expected to reach USD 98.27 Billion by 2026, according to a new report by Reports and Data. Vehicle telematics systems, composed of telecommunication and informatics, provide crucial information for drivers, such as information about live traffic status and weather forecast. • Market Size – USD 25.47 billion in 2018, Market Growth - CAGR of 18.3%, Market Trends – Proliferation of smart devices such as smartphones, and tablets • By service type, safety & security held the largest market share in 2018 and is expected to witness a CAGR of 18.1% in the forecast period. These are the primary services provided by means of telematics as well as the main driving factor responsible for the conceptualization of vehicular telematics. • Embedded vehicle telematics is projected to grow at the fastest rate in the forecast period. • Passenger vehicle segment contributed to the largest market share in 2018 and is expected to grow at a rate of 17.9% in the forecast period. ww.reportsanddata.com
Key Players: AirIQ Inc., OnStar Corporation LLC., ETAS Group, Agero Inc., WebTech Wireless Inc., Qualcomm Inc., DigiCore Holdings Ltd., Wireless Matrix Corporation, Trimble Transport & Logistics, and Minda Corporation Ltd. among others. Segmentations – Service Type Outlook (Revenue, USD Million; 2016-2026): Safety & Security, Information And Navigation, Entertainment, Diagnostics, Others Product Type Outlook (Revenue, USD Million; 2016-2026): Retrofitted, Embedded Component Outlook (Revenue, USD Million; 2016-2026): Hardware, Software Vehicle Type Outlook (Revenue, USD Million; 2016-2026): Passenger Vehicle, Commercial Vehicle Regional Outlook for Keyword Market analyzes the following geographies: • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Major highlights of the report: • • • • • • • •
An all-inclusive evaluation of the parent market The evolution of significant market aspects Industry-wide investigation of market segments Assessment of the market value and volume in the past, present and forecast years Market share evaluation Study of niche industrial sectors Tactical approaches of the market leaders Lucrative strategies to help companies strengthen their position in the market
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