Global Telematics Solutions Market for OFF and On-Highway is expected to reach USD 66.87 Billion by 2026 from USD 17.54 Billion in 2016 at CAGR of 14.32% (Detailed analysis of the market CAGR is provided in the report).Global Telematics Solutions Market Global Telematics Solutions Market for OFF and On-Highway is segmented by form factor, vehicle type, equipment type, technology, services, hardware, and geography. Infotainment and navigation segment is expected to gain the largest Global Telematics Solutions Market share in the forecast period. Rising consumer demand and increasing adoption by automotive OEMs are expected to fuel the Infotainment and navigation segment growth. Form factor segment is estimated to experience the significant growth of embedded sub-segment. This growth is attributed to increasing awareness about passenger safety, improved user experience, and vehicular data privacy. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Increase in demand for telematics solutions in off-highway vehicles is trending the overall Global Telematics Solutions Market for OFF and On Highway. However, lack of telematics solutions infrastructure in emerging countries will restrain the market growth. North America is going to emerge as one of the higher growth regions in the forecast period followed by APAC and Europe. Presence of key OEMS, strategic partnerships, developed infrastructure, and high adoption rate of innovative solutions will fuel the Global Telematics Solutions Market for off and on the highway in the North America region.
Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the Global Telematics Solutions Market, opportunities, drivers, restraints and challenges for Global Telematics Solutions Market during the forecast period
• Complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of Global Telematics Solutions Market segments, market dynamics, market size, competition & companies involved value chain
• Global Telematics Solutions Market for OFF and On-Highway analysis and comprehensive segmentation with respect to the form factor, vehicle type, equipment type, technology, services, hardware, and geography to assist in strategic business planning
• Global Telematics Solutions Market for OFF and On-Highway analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions
Research Methodology:
Research methodology used in this report contains various secondary sources including directories such as Canada Automobile Association (CAA), Committee for European Construction Equipment (CECE), European Automobile Manufacturers Association (ACEA), Connected Vehicle Trade Association (CVTA), Verband Deutscher Maschinen- und Anlagenbau e.V. (VDMA), and Automotive Component Manufacturers Association of India (ACMA). Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about Global Telematics Solutions Market for OFF and On Highway. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of Global Telematics Solutions Market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Telematics Solutions Market for OFF and On-Highway globally
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Key Players in the Global Telematics Solutions Market for OFF and On-Highway Are:
• LG Electronics
• Robert Bosch
• Verizon
• Continental
• Tomtom International Bv.
• Qualcomm Technologies, Inc.
• Magneti Marelli S.P.A.
• Visteon Corporation
• Delphi Automotive PLC
• Harman International
• Trimble Inc.
• Intel Corporation
Key Target Audience:
• Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies
• Manufacturers of telematics devices
• Construction and agricultural equipment OEMs
• Distributors and suppliers of telematics devices and components
• Telematics Solutions Market Investors
• Industry associations and other body control systems manufacturers
• Original Equipment Manufacturers (OEM) and component manufacturing associations
• Government and regulatory authorities
The scope of the Report:
Research report categorizes the Global Telematics Solutions Market for OFF and On-Highway based on form factor, vehicle type, equipment type, technology, services, hardware, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Telematics Solutions Market for OFF and On-Highway with key developments in companies and market trends.
Global Telematics Solutions Market, For On-Highway Vehicle, By Form Factor:
• Embedded
• Integrated
• Tethered
Global Telematics Solutions Market for On-Highway Vehicle, By Vehicle Type:
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Global Telematics Solutions Market, for Off-Highway Vehicle By Equipment Type:
• Construction Equipment
• Agriculture Tractors
Global Telematics Solutions Market for Off-Highway Vehicle, By Services:
• Fuel Management
• Location/Usage Tracking
• Maintenance and Repair Scheduling
• Navigation
• Diagnostics
• Other Services
Global Telematics Solutions Market for Off-Highway Vehicle, By Technology:
• Cellular
• Satellite
Global Telematics Solutions Market for Off-Highway Vehicle, By Hardware:
• Infotainment Display Unit
• Telematics Control Unit (TCU)
Global Telematics Solutions Market for OFF and On-Highway, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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The global Telematics Solutions market focuses on encompassing major statistical evidence for the Telematics Solutions industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market.
A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study.
In addition the Telematics Solutions study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.
Telematics is the joining of two sciences such as telecommunications, a branch of technology including cables and phone lines, and informatics such as computer systems.
Today, the term is usually used in reference to the telematics solutions utilized in commercial fleet vehicles.
The telematics technology integrates the information flowing to and from the vehicles through wireless networks to offer smart automation and to enrich the overall driving experience in the automotive industry.
According to the new market research report "Telematics Solutions Market by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing & Other), Form & Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region - Global Forecast to 2025" The Telematics Solutions Market is projected to reach USD 62.6 billion by 2025 from an estimated USD 29.9 billion in 2020 at a CAGR of 15.9% during the forecast period.The Telematics Solutions Market growth is governed by the increasing trend of in-vehicle connectivity solutions and government initiatives towards developments in intelligent transportation systems & connected cars.
The market growth is also supported by the continual improvement in network infrastructure along with increasing technology acceptance among the consumers.
Therefore, the Telematics Solutions Market is expected to witness significant growth in the future.Browse in-depth TOC on "Telematics Solutions Market"130 – Tables20 – Figures180 – PagesThe Global Telematics Solutions Market is dominated by major players such as Robert Bosch GmbH (Germany), AT INC. (US), Continental AG (Germany), LG Electronics (South Korea), and Verizon (US).Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245073008Fleet Management Market is expected to grow at the fastest CAGR by service segment.Fleet Management market is driven by the continuous increase in the demand for logistics and transport.
Fleet management also helps in higher efficiency, consistent performances, and ultimately reduced costs.
For instance, the installation of telematics systems and satellite positioning in commercial vehicles has been made mandatory by the Chinese government.
In 2017, the Chinese Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of China (SAC) issued a draft to establish national standards for China’s Intelligent & Connected Vehicles (ICV).
Investing in a GPS fleet asset tracking monitoring or Video Intelligence system, would be a wise move to help cut your overall insurance costs.
According to an article which appeared in the September edition of Business Fleet Magazine, most businesses are seeing a significant savings either 10-15% or more off their commercial vehicle insurance if they integrate a fleet asset management system into their everyday fleet activities.
When drivers know they can pick up deliveries on time, they will tend to actually take those deliveries instead of making last-minute excuses or taking risky, but costly, alternatives like shortcuts or passing up the opportunity to get the job done right.
This can reduce insurance costs by as much as fifteen percent, not to mention saving the company money in fueling bills and helping to meet fuel bills.Asset tracking systems are designed for any size and type of business.
With the advent of video intercom systems, fleet managers can view what's going on with each vehicle in real time.Vehicle tracking systems have revolutionized how fleets are managed.
The old style was to write down vehicle data in journals, keep them in file cabinets, secure them inside of vehicles only accessible by authorized staff members, and then go from office to check on them.
