According to Goldstein Research global automotive telematics market report; about 28% of new car customers prioritize car connectivity features over other conventional car features such as engine power or fuel efficiency, and 13%in developed countries would not even buy a car that is not connected to the internet today. Global annual industry related revenues from telematics connectivity are expected to rise six-fold from about EUR 37 billion in 2016 to approximately more than USD 150 billion in 2024. Connected automobiles market share is also projected to grow from 28% in 2016 to more than 68% by 2025 of total vehicles across the globe.
“Global Automotive Telematics Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the automotive telematics industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, aftermarket vendors and component suppliers to analyze the future prospects of the overall automotive telematics industry.
Download Report Sample @https://www.goldsteinresearch.com/request-sample/global-automotive-telematics-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
Market Segmentation
Global Automotive Telematics Market Segmentation can be classified on the basis of:-
By Telematics Devices
Market Trends, Drivers and Challenges
Extensive adoption of big data analytics, artificial intelligence, and back-office business processes (such as CRM, ERP and SCM) will provide better decision making, improved safety and higher profitability to the companies. This will also offer solutions to the companies those are consumer-focused, valued added may be monetized over the long term. North-America is the mature market in terms of implementation of telematic systems in cars with attach rate of 38%, which is closely followed by Europe with 21%. Moreover, increasing safety concerns led the various governments to frame legal regulation and mandates such as Russia and Europe union mandates the installation of E-call devices in vehicles that are able to inform emergency services in case of accident or collision. These initiatives has set automotive telematics market size to reach USD 98.76 billion by 2024.
However, some factors associated with cybersecurity and data privacy concerns are expected to be the major challenge for automotive telematics market growth. By 2024, a projected 280 million connected vehicles will be on roads around the world. This makes framing a security policy across the entire value chain and at every point in the connective-vehicle solution, mandatory.
“Automotive Telematics Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global automotive telematics market report also recognizes value chain analysis to understand the cost differentiation to provide the competitive advantage to the existing and new entry players.
About Goldstein Research
Based in the U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa.
We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand.
Our industry research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.
Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
sales@goldsteinresearch.com
www.goldsteinresearch.com
“Global Automotive Telematics Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the automotive telematics industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, aftermarket vendors and component suppliers to analyze the future prospects of the overall automotive telematics industry.
Download Report Sample @https://www.goldsteinresearch.com/request-sample/global-automotive-telematics-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
Market Segmentation
Global Automotive Telematics Market Segmentation can be classified on the basis of:-
By Telematics Devices
- Embedded Devices
- Tethered Devices
- Smartphone Integration
- Vehicle-to-Vehicle
- Vehicle-to-Infrastructure
- In-Vehicle
- E-Call and Roadside Assistance
- Vehicle Diagnostics
- Infotainment
- Stolen Vehicle Tracking
- Fleet Management
- Other (Toll Collection and Road Charges etc.)
- North America Automotive Telematics Market
- Europe Automotive Telematics Market
- The Middle East and Africa Automotive Telematics Market
- Latin America Automotive Telematics Market
- Asia Pacific Automotive Telematics Market
Market Trends, Drivers and Challenges
Extensive adoption of big data analytics, artificial intelligence, and back-office business processes (such as CRM, ERP and SCM) will provide better decision making, improved safety and higher profitability to the companies. This will also offer solutions to the companies those are consumer-focused, valued added may be monetized over the long term. North-America is the mature market in terms of implementation of telematic systems in cars with attach rate of 38%, which is closely followed by Europe with 21%. Moreover, increasing safety concerns led the various governments to frame legal regulation and mandates such as Russia and Europe union mandates the installation of E-call devices in vehicles that are able to inform emergency services in case of accident or collision. These initiatives has set automotive telematics market size to reach USD 98.76 billion by 2024.However, some factors associated with cybersecurity and data privacy concerns are expected to be the major challenge for automotive telematics market growth. By 2024, a projected 280 million connected vehicles will be on roads around the world. This makes framing a security policy across the entire value chain and at every point in the connective-vehicle solution, mandatory.
“Automotive Telematics Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global automotive telematics market report also recognizes value chain analysis to understand the cost differentiation to provide the competitive advantage to the existing and new entry players.
About Goldstein Research
Based in the U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa.
We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand.
Our industry research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.
Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
sales@goldsteinresearch.com
www.goldsteinresearch.com
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