Europe Automotive Telematics Market Forecast 2023-2032
KEY FINDINGSThe Europe automotive telematics market is expected to grow with a 13.09% CAGR during the forecast years between 2023 and 2032. The market growth is propelled by legislation like eCall, advanced communication infrastructure, and rising EV adoption.
MARKET INSIGHTSThe Europe automotive telematics market growth assessment entails an analysis of Belgium, Spain, Germany, Italy, France, the United Kingdom, and Rest of Europe. Italy’s automotive sector, representing 6.2% of its GDP, is a prominent industry, with the country being a significant European market for motorcycles. This scenario presents lucrative opportunities for diagnostic tools, testing instruments, and innovative vehicle technologies.
In Italy, a key development transforming fleet management is the integration of Advanced Driver Assistance Systems (ADAS) into mobile apps. The synergy of ADAS and advanced telematics empowers fleet managers to bolster safety measures and enrich the overall experience, especially for those frequently on the road.
Similarly, the automotive industry is an economic linchpin for Spain, hosting 17 facilities from nine global brands. This robust presence within Spain’s economy translates into an ideal environment for adopting and applying automotive telematics. The advancements in Italy and Spain underscore the increasing relevance of this technology within the European automotive landscape.
COMPETITIVE INSIGHTSLeading market players include MiX Telematics, Robert Bosch GmbH, Tom Tom NV, Solera, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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