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The Global Consumer Telematics Market is anticipated to rise to $26.18 billion by 2020 with a CAGR of 33.7%

Consumer Telematics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $26.18 billion by 2020, registering a CAGR of 33.7% during the period 2014-2020.The study includes an analysis of drivers, restraints, opportunities and competition in the key geographies, which include North America, Europe, APAC (Asia Pacific) and LAMEA (Latin America, Middle East, Africa).

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The Global Consumer Telematics Market is anticipated to rise to $26.18 billion by 2020 with a CAGR of 33.7%

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  1. Consumer Telematics Market Opportunities and Forecasts, 2014 - 2022

  2. Consumer Telematics Market (Future and Growth) • Global Consumer Telematics Market is expected to garner $26.18 billion by 2020 • The Telematics Market can register a CAGR of 33.7% during the forecast period of 2014-2020 • Currently, Aftermarket has a relatively high market share as compared to • Automotive OEM • Vehicle manufacturing companies can lead to high growth of Automotive OEM segment as well • Passenger cars manufactured today offer unique connectivity solutions for better monitoring and tracking

  3. Consumer Telematics Market (Factors Contributing to Market Growth) • The Consumer Telematics Market is driven by amplified market penetration of • smart phones • supportive governmental regulations for higher safety and security • demand for superior driving experience • lowered connectivity cost • high speed internet technologies

  4. Key Factors Of The Telematics Market • The aftermarket type generates the maximum revenue and is expected to remain the largest revenue generator • Aftermarket contributes over 55% of the total market revenue throughout the forecast period (2014-2020) • Amongst end users, Car (rental and owned) segment held the second-largest share in the total market size by revenue in 2013 • The consumer telematics market is also expected to observe increased adoption from sectors such as healthcare and media and entertainment

  5. Consumer Telematics Market Segmentation By Application By Type By End User Car (owned & rental based) By Solutions Automotive OEM Services Fleet / Asset Management Insurance Embedded Healthcare Navigation & Location based Hybrid Media & Entertainment Infotainment & Many more After Market Vehicle Manufacturers & dealers By Services Embedded Design & Consulting By Government Agencies Portable Integration & Deployment Maintenance & Training

  6. Consumer Telematics Market Segmentation (By Geography) • Geographically, the market is segmented into, North America, Europe, Asia Pacific and LAMEA • Asia-Pacific is expected to grow as a prominent automobile market in future, which would fuel the market for consumer telematics in the region • LAMEA is forecasted to grow at a good pace, because of increasing government regulations for vehicle as well as driver safety & security.

  7. Key Players Of Telematics Market • Verizon • Harman • TomTom • AT&T • Vodafone Group PLC • Ford Motors Co. • BMW • Telefonica • Mix Telematics • Trimble Navigation Limited

  8. Summary  Insurance telematics, is the highest revenue-generating solution, contributing about 27% of the total consumer telematics solutions market revenue driven by the growing insurance sector. This is followed by infotainment and navigation and location-based telematics solution. In certain economies like Brazil and China, the government legislations mandate the adoption of telematics in vehicles, given the rising concern of vehicle tracking and safety and security; thereby driving the demand for telematics solutions in these regions. To Know more about Consumer Telematics Market Visit : https://www.alliedmarketresearch.com/consumer-telematics-market Follow us on

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