Automotive Telematics Market worth $15.5 billion by 2027 - Exclusive Report by MarketsandMarkets™

1. Automotive Telematics Market worth $15.5 billion by 2027 - Exclusive Report by MarketsandMarkets™ NEWS PROVIDED BY MarketsandMarkets 26 Sep, 2022, 06:30 ET  CHICAGO, Sept. 26, 2022 /PRNewswire/ -- Automotive Telematics Market is estimated to grow from USD 8.8 billion in 2022 to USD 15.5 billion by 2027,according to a new report by MarketsandMarkets™.  Browse in-depth TOC on "Automotive Fuse Market" 206 – Tables 51 – Figures          249 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 245073008 The Automotive Telematics Market is expected to grow due to growing trend of intra-vehicle connectivity solutions and implementation of government mandates and initiatives. The market growth is also boosted by the growing cellular internet penetration, making it convenient for vehicles owbers and new buyers to have telematics systems in their vehicles. Another fact is the growing demand for premium and lucury cars with embedded connectivity in regions such as Europe and North America.  Driver Behavior Services to showcase the fastest growth

2. Driver Behaviour market is driven by the continuous increase in government mandates in commercial vehicle for the safety in logistics and transport related business. Large commercial vehicle ?eet owners mainly use this kind of services. The growth factors are operational ef?ciency and ef?cient ?eet management. With Driver Behaviour, organizations can have better access to vehicle tracking and how the vehicle is being used. It also helps in higher ef?ciency, consistent performances, and ultimately reduced operational costs. Alternatively, the data generated from 'Driver behavior' services is leveraged by Telematics and Internet Service Providers (TSPs & ISPs), and Insurance companies. Currently, North America and Europe hold the larger automtive telematics market share region wise. However, in the coming years, countries such as Japan, South Korea and China are expected to witness growing telematics penetration due to government regulations, growing share of premium and ouxury vehicle etc. Embedded System is expected to lead the market during the forecast period By 2027, the embedded form of connectivity is estimated to have the largest the market share.The regulatory mandates in the EU will boost embedded telematics segment growth. EU mandated eCall system in 2018 in all vehicles that helps to connect a vehicle to emergency services following a collision. Factors such as government mandates, and increased adoption of cloud based services are expected to drive the market. Embedded systems have certain disadvanategs such as, these are relatively more expensive than integrated and tethered . Integrated solutions are quite cheaper than embedded, and are witnessing growing penetration, which is expected to impact the embedded telematics market. Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 245073008   Asia Paci?c would lead the Automotive Telematics OE Market One of the drivers for the Asia Paci?c telematics market is the growing demand for driver behavior and billing services, particularly in China, Japan, and South Korea. The demand for telematics in the Asia Paci?c is signi?cantly driven by strong economic growth, ongoing advancement in the automotive sector and growing vehicle production with premium features. As safety regulations have been made in Japan and South Korea, the demand for telematics in these countries is already comparatively higher than other Asia Paci?c 

3. countries. Owing to favorable government initiatives, telecom infrastructure (5G, 4G)has registered signi?cant growth in APAC. The plans of global automakers to roll out vehicles with 5G are expected to further boost the market in China. For instance, in 2021, GM announced its plan to roll out 5G in the Chinese market during its Tech Day media event held in Shanghai. The 5G service will provide faster internet speeds over the OnStar 4G LTE Wi-Fi that it already offers in its vehicles. These faster upload/download speeds will enable over-the-air-updates in more vehicles and will also help new GM vehicles connect and communicate with other vehicles on the road (vehicle-to-vehicle) as well as the public road infrastructure (vehicle-to-infrastructure). Moreover, increasing smartphone penetration will likely create a strong base for telematics. Also in 2022, India introduced it's "Pay as You Drive" and "Pay how you drive" policies, this shall increase the use of Telematics in vehicles in India. Key Market Players The Automotive Telematics Market comprises major manufacturers include Robert Bosch GmbH (Germany), AT&T INC. (US), Continental AG (Germany), LG Electronics (South Korea), and Verizon (US) among others. Make an Inquiry:  https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp? id= 245073008 Browse Related Reports: In-vehicle Infotainment Market by Component (Display unit, Control Panel, TCU, HUD), OS (Linux, QNX, MS, Others), Service (Entertainment, Navigation, e-call, Diagnostics), Connectivity, Form, Location, Vehicle Type, Region - Global Forecast to 2027 Connected Car Market by Service ICE & EV (OTA, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration), Form, Market (OE, Aftermarket), Network, Transponder, Hardware and Region - Global Forecast to 2026 About MarketsandMarkets™  

4. MarketsandMarkets™ provides quanti?ed B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top of?cers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to bene?t more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's ?agship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive- telematics-market.asp   Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/automotive- telematics.asp   

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