Telematics Is Fastest Growing Segment Fueling Growth Of APAC Automotive Telematics Market

According to a new report published by Fact.MR, the automotive telematics market is likely to continue its solid run in 2019, with global revenues likely to surpass US$ 27 billion in 2019.

With the inclusion of automotive telematics, the functional capabilities of vehicles are witnessing a steady upgrade.

Automotive telematics system finds widespread applications in communication, mapping and for improving the safety features in an automotive.

As a result, a notable increase in the adoption of the automotive telematics systems has been witnessed in the recent past, and the status quo is likely to continue over the course of the forecast period.Request for the Report Summary: https://www.factmr.com/report/45/automotive-telematics-marketKey driving factors for the automotive telematics include favorable government regulations, ubiquitous use of smartphones, enhanced broadband networks, and the advent of sophisticated communication technologies.

The adoption of automotive telematics can also be attributed to the far-reaching capabilities of OEMs.

This is facilitating a steady growth in the automotive telematics market, with revenues likely to grow at over 23% in 2019.Europe continues to be the numero uno market for automotive telematics, owing to the high concentration of forerunning players that focus on scaling and expansion of their businesses in parallel to diversifying their product portfolio.

Global Automotive Telematics Market was valued at US$ 10.82Bn in 2019 and is expected to reach US$ 41.30Bn by 2027, at a CAGR of 18.23% during a forecast period.The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors.

Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments.

Whether one manages a fleet of cars, pickup trucks, vans, box trucks, or tractor-trailers, telematics technology improves the safety and efficiency of commercial transportation.

Automotive Telematics is primarily driven by multi factors like an increase in the number of accidents, rising vehicle thefts, security issues while traveling and the demand for navigation services, etc.

Safety & Security is playing a key role in automotive telematics.In Trends – Predictive analytics.The data that automotive telematics can extract is an important tool in performing a wide range of risk assessments.

As such, the data is so much more than a means to measure past performance; it also allows fleet managers to pre-emptively manage operations.In terms of region, Asia Pacific is expected to hold the largest share in the Automotive Telematics market during the forecast period.

Significant growth of the global Telematics in Automotive Market is primarily fuelled by the greater awareness among public for the wellbeing of usage of telematics in vehicles and the growth in rate of road accidents.

The noteworthy boost in wireless communication system can be touted as another prime factor behind this market growth.Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/2296Awareness around pollution and other environmental factor is a secret to none.

Superior promotion of green vehicles is speculated to play a great role in lowering greenhouse gas levels.

In addition, there is significant demand for safety aspects intended towards lowering the causalities.

Telematics appearing as a potential solution for these issues witnesses a remarkable prospect.

In short, there is a significant market prospect for telematics in automotive marketing in forthcoming years.Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD_id=2296SegmentationGlobal Telematics in automotive Market domain can be segmented in terms of product type, in terms of application, in terms of systems, in terms of region, in terms of vehicle type, and in terms of distribution channel.

The Global Automotive Telematics Market is projected to reach USD 415.93 billion by 2027, according to a recent report by Emergen Research.

The stringent rules set by the government in association with property identification coupled with increased usage of cloud-based technology is likely to drive the expansion of the global automotive telematics market.The Global Automotive Telematics Market research study published by Emergen Research is an extensive collection of insightful information about the Automotive Telematics industry.

The report covers the Automotive Telematics Market segmentation along with a detailed outline of the Automotive Telematics market size with regards to volume and valuation.

The Automotive Telematics market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.Get a sample of the report @https://www.emergenresearch.com/request-sample/105 Market Dynamics:The report offers insightful information about the market dynamics of the Automotive Telematics market.

It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Automotive Telematics market, competitive landscape, factors affecting it, and to predict the growth of the industry.

It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Automotive Telematics market.Key Highlights From The ReportVehicles across every fleet have become technology dependant, the association of which is predicted to drive the automotive telematics market.