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Market Size u2013 USD 10.29 billion in 2018, Market Growth - CAGR of 18.9%, Market Trends u2013 Proliferation of smart devices<br><br>New York, December 20, 2019 - The global commercial vehicle telematics market is expected to reach USD 41.29 Billion by 2026, according to a new report by Reports and Data. Vehicle telematics systems, composed of telecommunication and informatics, provide crucial information for drivers, such as information about live traffic status and weather forecast. Essentially, it is vehicle monitoring systems that empower the drivers to stay updated with real-time performance and safety of the vehicle. Information collected by the telematics system is beneficial in critical circumstances, for instance, to communicate instantaneously with the police or respective authorities for prompt actions in case of an accident. Telematics systems assist automotive companies, insurers, and drivers with the highest safety feature.<br>
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Vehicle Scanner Market Worldwide Growth 2026 www.reportsanddata.com sales@reportsanddata.com
Market Summary New York, December 20, 2019- The global vehicle electrification market is forecast to reach USD 129.50 Billion by 2026, according to a new report by Reports and Data. The market is projected to witness a considerable growth during the forecast period. The edifice for the growth of the market is enhanced vehicle efficiency and performance due to its electrification. The positive impact on the functioning of vehicles has resulted in the growing acceptance of the technology among the users. If you are a vehicle electrification vendor than this article will help you understand the Sales Volume with Impacting Trends. Click To get FREE SAMPLE PDF (Including Full TOC, Table & Figures) @ https://www.reportsanddata.com/sample-enquiry-form/2314
Our Approach Market Summary Essentially, it is vehicle monitoring systems that empower the drivers to stay updated with real-time performance and safety of the vehicle. Information collected by the telematics system is beneficial in critical circumstances, for instance, to communicate instantaneously with the police or respective authorities for prompt actions in case of an accident. Telematics systems assist automotive companies, insurers, and drivers with the highest safety feature. The safety and security services of vehicle telematics comprise the automatic crash notification, emergency, and medical assistance, which is anticipated to stimulate market growth in the forecast period. As a component of the Automatic Crash Notification service, the telematics control unit (TCU) monitors several crash sensors of the automotive and in the occurrence of a crash it directs the details of the vehicular location and crash intensity as well as sends a voice call to the telematics call center so that emergency services are dispatched to the accident spot. Legislative norms and regulations introduced by the governments across the globe pertaining to the increased usage of telematics in the automotive to improve road safety. These government initiatives are projected to propel the market growth in the upcoming years. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/2314
Our Approach Market Summary Salient Trends of the Vehicle Electrification Market The Vehicle Electrification market is forecasted to grow at a rate of 9.3% during the forecast period and reach USD 129.50 Billion in 2026. Various initiatives taken by the industry players are supporting the growth of the market. One such mentionable initiative is new product launches. As an instance, in 2018, Bosch, a mentionable market player, had started the production of a new 48-volt battery for hybrid vehicles. Such initiatives by the industry players have a positive impact on the overall growth of the market. Another mentionable initiative taken by the industry player that is supporting the market growth is partnership. As an instance, in 2019, Delphi Technologies had partnered with Cree, Inc. The partnership aimed to use silicon carbide semiconductor device technology to form smaller, faster, more powerful, and lighter electronic system for future electric vehicles. Such initiatives by market players have a positive impact on the market growth. To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/vehicle-electrification-market
Our Approach Market Summary Key participants Continental, Delphi, Denso, Bosch, Borgwarner, Mitsubishi, Magna, Johnson Electric, Johnson Controls, and Aisin Seiki The companies have emphasized on different strategies like new launches, technological advancements, partnerships, mergers, and acquisitions for ascertaining their market growth. Component Type Outlook (Revenue, USD Billion; 2016-2026) Electric Power Steering (EPS) Start-Stop Liquid Heater PTC Electric Vacuum Pump Electric Air Conditioner Compressor Electric Water Pump Electric Oil Pump Alternator Actuator Starter Motor Integrated Starter Generator (ISG)
Our Approach Market Summary Hybridization Type Outlook (Revenue, USD Billion; 2016-2026) Hybrid Electric Vehicle (HEV) Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle Battery Electric Vehicle (BEV) Plug-In Hybrid Electric Vehicle (PHEV) Voltage Type Outlook (Revenue, USD Billion; 2016-2026) 12V 14V 24V 48V Vehicle Type Outlook (Revenue, USD Billion; 2016-2026) Passenger Vehicles Commercial Vehicles Order Now: https://www.reportsanddata.com/checkout-form/2313
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com About Us Our Approach About Us