Automotive Telematics Market Research Report and Forecast up to 2027 Automotive Telematics Market - Global Industry Ana | Page 2

The growing demand for advanced telematics components in automobiles is driving
the automotive telematics market currently. Navigation technology, telematics,
audio-video solutions, WiFi, Bluetooth, safety and security and intelligent driving
solutions are few of the advanced telematics solution largely being demanded by
the consumers. In addition, tracking of vehicles, trailer and container tracking,
wireless safety communications, satellite navigation, mobile data, emergency
warning system for vehicles and auto insurance are the major applications of
telematics, which is driving the demand for the usage of telematics in vehicles,
globally.
Global Automotive Telematics Market: Key Segments
The global automotive telematics market is fragmented with few medium and large
companies. Entry into this market is not restricted as there is no monopoly of
business and the market has huge scope and opportunity. However, setting up of
manufacturing units for automotive telematics require huge capital and resource,
which is not feasible for most of the small and medium sized companies. Increasing
private equity investments and merger and acquisitions of companies in the
automotive sector has been of great influence to the automotive telematics market.
Significant growth in the automotive sector coupled with economic reforms in major
developing countries has been able to bolster the growth of this market. Asia
Pacific, Middle East and Africa, and Latin America are key markets for the future and
are expected to provide huge opportunities to the global automotive telematics
manufacturers because of the growth in the automotive sector and increasing
demand for infotainment and wireless vehicle safety communication in vehicles.
Global Automotive Telematics Market: Competitive Landscape
The report also provides company market share analysis of the various industry
participants. Acquisition is the main strategy being widely followed by leading
market players. In case of an acquisition, the acquirer takes advantage of existing
synergies. As a result, both companies are expected to emerge more profitable and
stronger than before. Key players in the global automotive telematics market have
been profiled and their company overview, financial overview, business strategies
and recent developments have been covered in the report. Major market
participants profiled in this report include: Trimble, Inc., Masternaut Limited, TomTom
International B.V., Telogis, Visteon Corporation, Continental AG, Airbiquity, Inc. and
Agero, Inc.
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