The Consumer Telematics Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
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Consumer telematics is end-user-targeted vehicle-centric information and communication technologies (vehicle ICTs) and services. Network-enabled cars for consumers provide in-vehicle services, such as emergency assistance, Global Positioning System (GPS) navigation, traffic information, local search (for example, for charging stations or restaurants) and concierge services. The market of the consumer telematics is growing as there is amplified market penetration of smartphones which is in direct propelling the consumer telematics market
Omnitracs builds on 25 year relationship with covenant transport services through new technology integrations
Major Players are:
Omnitracs Ltd. (United States),BMW AG (Germany),Ford Motor Co. (United States),General Motors (United States),Agero Connected Services Inc. (United States),Harman Infotainment (United States),Toyota Motors (Japan),Bosch Automotive Technologies (Thailand),Alpine Electronics Inc. (Japan),Continental Automotive (Germany),Airbiquity Inc. (United States),Trimble Navigation Ltd (United States),Novatel Wireless (United States),Telogis Inc (United States),MiX Telematics (South Africa)
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The titled segments and sub-section of the market are illuminated below:
Type (Solutions, Service), Application (Car(Owned and Rental Based), Insurance, Healthcare, Media & Entertainment, Vehicle manufacturers/dealers, Government agencies), Vehicle type (Truck, Semi-Trailer, Motor Coach, Taxicab)
Market Trends:
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 propeling the consumer telematics market
Challenges:
Fluctuation in the material price
User interface complexity
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
Years considered for this report:
- Historical Years: 2015-2020
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2021-2026
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Extract from Table of Content:
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Covid-19 Crisis Analysis on Global Consumer Telematics Market
Chapter 05 – Global Consumer Telematics Market – Pricing Analysis
Chapter 06 – Global Consumer Telematics Market Background
Chapter 07 — Global Consumer Telematics Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Consumer Telematics Market
Chapter 09 – Global Consumer Telematics Market Structure Analysis
Chapter 10 – Global Consumer Telematics Market Competitive Analysis
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
What are the market factors that are explained in the Consumer Telematics Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Questions Answered in the Report:
- How much is the Consumer Telematics MarketWorth?
- What is the Growth Rate of the Consumer Telematics Market?
- Which Segment ofthe Consumer Telematics to Hold the Highest Market Share?
- Which Segment ofthe Consumer Telematics Market to Witness Fastest Growth Rate?
- Which Region to Hold the Biggest Market Share?
- Who are the Key Players of the Consumer Telematics Market?
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