Mon, 23 May 2022

Consumer Telematics Market 2022 Actionable Strategy & Insights

iCrowd Newswire
25 Jan 2022, 12:02 GMT+10

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.

Download Report (135 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/649

Consumer telematics industry has established from customary navigation services to advanced navigation services used for vehicle tracking, monitoring, location-based services and traffic and weather information. The report segments the market by type viz., automotive OEM and aftermarket. The aftermarket type generates the maximum revenue and is expected to remain the largest revenue generator, contributing to over 55% of the total market revenue throughout the forecast period (2014-2020). On the other hand, the automotive OEM is expected to increase due to growing alliance between telematics service providers and device manufacturers. 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.

Consumer Telematics Market Report, published by Allied Market Research, forecasts that the global consumer telematics 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 and LAMEA.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/649

The report also outlines the competitive environment of the consumer telematics market, providing a comprehensive comparative study of the key strategies adopted by the market leaders to grow and gain a competitive edge. Along with product launches, alliance and partnership are key strategies practiced to gain a higher market share. Companies such as AT&T, Harman and TomTom have partnered with different industry players to gain access to the market and technologies. Prominent companies profiled in the report include Verizon, Harman, TomTom, AT&T, Vodafone, Ford Motors, BMW, Telefonica, Mix Telematics and Trimble Navigation Ltd.

Key Findings of Consumer Telematics Market:

The growth of the global consumer telematics market would be supplemented by the increased adoption across key sectors such as insurance, car (rental and owned), media and entertainment and healthcare during the forecast period (2014-2020).

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/649

Insurance telematics is one of the most prominent solutions available in the market. It led the market with a share of almost 27% of the global consumer telematics market, followed by infotainment and navigation telematics solution, and is expected to remain dominant throughout the forecast period.

Asia-Pacific as well as LAMEA is expected to be the most lucrative markets, in terms of growth, owing to the supportive government regulations and the growing automotive market.

Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/649

Similar Reports We Have on Telematics Industry:

China, India, Southeast Asia Automotive OEM Telematics Market by Vehicle Type (Passenger Car, HCV, LCV, MCV, and Two-Wheeler) and Application (Solutions and Services): Opportunity Analysis and Industry Forecast, 2019–2030.

Consumer Telematics Market by Type (OEM, After Market) and Application (Fleet/Asset Management, Navigation and location based, Infotainment, Insurance Telematics, V2v and V2i, Tele-health, Remote Alarm & Monitoring, Services) - Global Opportunity Analysis and Industry Forecast, 2013 - 2030.

Marine Telematics Market by Component [Hardware, Software, and Service (Safety & security, information & navigation, entertainment, and Diagnostics)] and Application (Commercial, Passenger, and Defense): Global Opportunity Analysis and Industry Forecast, 2019–2030.

Automotive Telematics Market by Channel (OEM and Aftermarket), Vehicle Type (Commercial Vehicle, Passenger Car, and Two-Wheeler), Application (Fleet/Asset Management, Navigation & Location-Based System, Infotainment System, Insurance Telematic, Safety & Security, V2X, and Others), and Connectivity Solution (Embedded, Integrated Smartphones, and Tethered): Global Opportunity Analysis and Industry Forecast, 2019–2030.

Motor Racing Telematics Market by Type (Motor Racing Telematics (MRT), Remote Location System and Remote Location System) and Application (IoT Platform and M2M): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Southeast Asia Automotive OEM Telematics Market by Solution (Telematics Insurance, Fleet/Vehicle Management, Telematics Maintenance, Location Information Services, Infotainment, In Car Marketing, Smart Contracts, and Others), Channel (OEM and Direct Sales), and Vehicle Type (HCV, MCV, LCV/Vans, Bus, Taxis or Ride Hailing, and Others): Southeast Asia Opportunity Analysis and Industry Forecast, 2020–2030.

Railway Telematics Market by Solution (Fleet Management, Collision Detection & Prevention, Railway Tracking & Tracing and Others), Mode of Operation (Semi-Autonomous and Fully Autonomous), and Train Type (Passenger Train and Freight Train): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Tags: , , ,

See Campaign: https://www.alliedmarketresearch.com/Contact Information:David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Tags:Reportedtimes, canadatousd, PR-Wirein, Empirits, Healthfirsto, Fexti, Dthai, lebc, Research Newswire, English

Sign up for Miami News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!