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Vehicle Telematics Market Market Analysis, Growth rate, Shares, Market Trends and Forecasts to 2026

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 the vehicle monitoring systems which empowers the drivers to stay updated with real-time performance and safety of the vehicle.

KiranGaikwad
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Vehicle Telematics Market Market Analysis, Growth rate, Shares, Market Trends and Forecasts to 2026

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  1. Vehicle Telematics Market 2020: Rising with Immense Development Trends across the Globe by 2026

  2. Market Summary Increasing concern for safety and security among automotive consumers is the most significant factor in influencing market growth.Market Size – USD 25.47 billion in 2018, Market Growth - CAGR of 18.3%, Market Trends – Proliferation of smart devices such as smartphones, and tablets. The global vehicle telematics market is expected to reach USD 98.27 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 the vehicle monitoring systems which empowers the drivers to stay updated with real-time performance and safety of the vehicle. Further key findings from the report suggest • By service type, safety & security held the largest market share in 2018 and is expected to witness a CAGR of 18.1% in the forecast period. These are the primary services provided by means of telematics as well as the main driving factor responsible for the conceptualization of vehicular telematics. • Embedded vehicle telematics is projected to grow at the fastest rate in the forecast period. • Passenger vehicle segment contributed to the largest market share in 2018 and is expected to grow at a rate of 17.9% in the forecast period. www.reportsanddata.com

  3. Key Players: • AirIQ Inc., OnStar Corporation LLC., ETAS Group, Agero Inc., WebTech Wireless Inc., Qualcomm Inc., DigiCore Holdings Ltd., Wireless Matrix Corporation, Trimble Transport & Logistics, and Minda Corporation Ltd. among others. • Segmentation: • Service Type Outlook (Revenue, USD Million; 2016-2026), Safety & Security, Information & Navigation, Entertainment, Diagnostics, Others • Product Type Outlook (Revenue, USD Million; 2016-2026), Retrofitted, Embedded, Component Outlook (Revenue, USD Million; 2016-2026), Hardware, Software • Vehicle Type Outlook (Revenue, USD Million; 2016-2026), Passenger Vehicle, Commercial Vehicle • Communication Technology Outlook (Revenue, USD Million; 2016-2026), V2X, V2V, V2I, V2P, V2C • Provider Type Outlook (Revenue, USD Million; 2016-2026), OEM, Aftermarket www.reportsanddata.com

  4. Regional Vehicle Telematics Market (Regional Output, Demand & Forecast by Countries):- • North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More. www.reportsanddata.com

  5. Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market www.reportsanddata.com

  6. About Us: 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

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