Vehicle Telematics in Public Sector
The latest study released on the Global Vehicle Telematics in Public Sector Market by AMA Research evaluates market size, trend, and forecast to 2027. The Vehicle Telematics in Public Sector market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Omnitracs Ltd. (United States), BMW AG (Germany), Toyota Motors (Japan), Bosch Automotive Technologies (Thailand), Ford Motor Co. (United States), General Motors (United States), Continental Automotive (Germany), Agero Connected Services Inc. (United States), Harman Infotainment (United States) and Alpine Electronics Inc. (Japan)
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Definition:
Telematics combines navigation, safety, security and communication into one convenient piece of technology that fits in a vehicle’s dashboard. Automotive telematics systems receive wireless information and transmit it through a crash-resistant box. The vehicle telematics market has been greatly affected by rising operational costs, rooting from the increased demand for utility vehicles, rising expenditure on maintenance, and steady growth in compliance costs. Vehicle telematics solutions are being widely used by large- and medium-scale fleet owners for streamlining operations. The rate of adoption among small fleet owners has been slow, owing to factors, like lack of awareness, limited operation scale, smaller budgets, limited compliance norms, high capital requirements, and rise in operational costs.
Market Leaders and their expansionary development strategies
Omnitracs LLC, a global pioneer of fleet management solutions to transportation and logistics companies, announced that it has signed an agreement to acquire from Shaw Communications Inc. the assets of Shaw Tracking, the leading fleet management solutions provider in Canada
Omnitracs builds on 25-year relationship with covenant transport services through new technology integrations
Market Trend
• Increasing concern of vehicle tracking and safety and security
Market Drivers
• Advanced technologies will reduce the production costs of telematics products
• Government regulations for higher security measures
• Growing amplified market penetration of smartphones propelling the vehicle telematics market
Opportunities
• Development in upcoming models of vehicles, the system is designed with by default mobile connectivity to satisfy government regulations
• Growing concern towards safety and security, with infotainment and navigation services is bringing new opportunities
Restraints
• High cost associated with the product
• Unacceptable concept in some places
• Lack of skilled person for handling
Challenges
• Fluctuation in the material price
• User interface complexity
The Global Vehicle Telematics in Public Sector Market segments and Market Data Break Down are illuminated below:
by Application (Public Transportation, Logistics, Defence, Other), Vehicle (Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Internal Combustion Engine, Electric Vehicles), Telematics (Plug-and-play OBD, Smartphone Based, Hard-wired Fleet Telematics Devices), Solution (Operations Management, Performance Management, Vehicle Maintenance and Diagnostics, Fleet Analytics and Reporting, Driver Management, Insurance Telematics, Others)
Global Vehicle Telematics in Public Sector market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
• -To carefully analyze and forecast the size of the Vehicle Telematics in Public Sector market by value and volume.
• -To estimate the market shares of major segments of the Vehicle Telematics in Public Sector
• -To showcase the development of the Vehicle Telematics in Public Sector market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Vehicle Telematics in Public Sector market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Vehicle Telematics in Public Sector
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Vehicle Telematics in Public Sector market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Vehicle Telematics in Public Sector Market Study Coverage:
• It includes major manufacturers, emerging player’s growth story, and major business segments of Vehicle Telematics in Public Sector market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Vehicle Telematics in Public Sector Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Vehicle Telematics in Public Sector Market Production by Region Vehicle Telematics in Public Sector Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
• Key Points Covered in Vehicle Telematics in Public Sector Market Report:
• Vehicle Telematics in Public Sector Overview, Definition and Classification Market drivers and barriers
• Vehicle Telematics in Public Sector Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Vehicle Telematics in Public Sector Market
• Vehicle Telematics in Public Sector Capacity, Production, Revenue (Value) by Region (2021-2027)
• Vehicle Telematics in Public Sector Supply (Production), Consumption, Export, Import by Region (2021-2026)
• Vehicle Telematics in Public Sector Manufacturers Profiles/Analysis Vehicle Telematics in Public Sector Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
• How feasible is Vehicle Telematics in Public Sector market for long-term investment?
• What are influencing factors driving the demand for Vehicle Telematics in Public Sector near future?
• What is the impact analysis of various factors in the Global Vehicle Telematics in Public Sector market growth?
• What are the recent trends in the regional market and how successful they are?
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