Product ID: UCMIG45B2038
Automotive Embedded Telematics Market Size, Share, Growth Analysis, By Component(Hardware, Service), By Solution(Safety & Security, Information & Navigation), By Application(Passenger Cars, Commercial Vehicles), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG45B2038 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Automotive Embedded Telematics Market Insights
Market Overview:
In 2017, the worldwide market for embedded telematics in automobiles was valued at USD 8.73 billion. Over the forecast period, it is projected to grow at a compound annual growth rate (CAGR) of 20.9%. This growth is expected to be driven by the increasing use of wireless communication in the automotive sector, the demand for effective fleet management, and the widespread adoption of advanced driver assistance systems. By installing these systems in both passenger and commercial vehicles, it is anticipated that the number of road accidents will decrease and passenger safety will be greatly improved
Automotive Embedded Telematics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Automotive Embedded Telematics Market Report Snapshots
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