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Snapshot The automotive telematics market has gained the traction from innovations in the technology and increasing uses of the telematics solutions in vehicles. Various factors such as the preference of consumers to the infotainment and some of the advanced features of the vehicle. Additionally, growing demand for telematics such as satellite navigation, emergency warning, automatic driving assistance systems, the internet, integrated hand-free calling facilities, and Wi-Fi is fuelling the growth of the global automotive telematics market.
Furthermore, other aspects of the systems such as automobile insurance and easy tracking are fuelling the growth of the market.
The factors such as high fuel efficiency, comparatively low carbon emissions, improved traffic flow, safe driving, efficient productivity from drivers, and fast and cheap road transport are boosting adoption of the automotive telematics in the transportation industry. However, stringent regulations imposed by numerous governments and average fuel economy standard regulations are limiting the growth of the market.
Nevertheless, higher investments by the numerous players for the product improvement and innovation are offering lucrative opportunities for growth over the forecast period. Additionally, adoption of new launching technologies is offering immense opportunities for new entrants in the market for automotive telematics.
Growing Demand for Advanced Technology in Transportation to Fuel Uptake On the basis of application, automotive telematics market is segmented into vehicle tracking, satellite navigation, fleet management, and vehicle safety communication.
With this pace, the segment is expected to remain dominant over the forecast period thanks to the high adoption from the transportation sector. The technology makes the location tracking of the vehicle easier.
On the basis of vehicle type, automotive telematics market is segmented into a passenger vehicle, light commercial vehicle, and heavy commercial vehicle.
Among these, the segment of passenger vehicle dominated the global market and accounted for the dominant share of This growth is attributable to the growing demand for the technologies such as satellite navigation and smart driver assistance, and safety communication.
Of these, Asia Pacific dominated the global market for automotive telematics and accounted for the North America is the second-leading segment of the automotive telematics market.
The growth of the market in the Asia Pacific region is attributable to the high demand from the developing countries such as China, India, and Russia.
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|Automotive Telematics Market by Type, Services & Vehicle Type||Currently, China dominates the Asia Pacific automotive telematics market and accounts for around|
Additionally, the booming automotive industry which is demanding for advanced technologies to improve the driving experience. Some of the key players operating in the global automotive telematics market are Trimble, Inc. Global Automotive Telematics Market: It describes the market dynamics affecting the industry and analyzes their impact through the forecast period.
Moreover, it highlights the significant opportunities for market growth in the next eight years. In addition, the report has been segmented based on application, which includes, vehicle tracking, fleet management, satellite navigation, vehicle safety communication and others. By vehicle type the market is categorized into passenger vehicles, light commercial vehicles and heavy commercial vehicles.Asia Pacific Automotive Telematics Market Analysis & Opportunity Assessment, – About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services.
Automotive Aftermarket Market is estimated to be USD billion in according to a new report published by Polaris Market Research. Automotive Aftermarket Market is segmented by type (Passenger Vehicles, Commercial Vehicles), Sales Channel (OEM, Professional Service Stations) and by region.
This report also provides the growth prospects for the market during the forecast period. Total number of Ps found: (54%) A B C D E F G H I J K L M N O P Q R S T U V W X Y Z PA PB PC PD PE PF PG PH PI PJ PK PL PM PN PO PP PQ PR PS PT PU PV PW PX PY PZ.
The Asia Pacific automotive aftermarket industry is expected to grow at a CAGR of % during the forecast period , and is currently valued at USD billion in The report provides market size, trends by aftermarket products & service type, by end-users type, & by distribution.
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