Europe Automotive Telematics Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report denotes that the Europe automotive telematics market is slated to witness progress at a compound annual growth rate of 15.29% in revenue during 2023-2030. Germany, Italy, Poland, the United Kingdom, Spain, France, and the Rest of Europe are evaluated in the report.
For the Spanish economy, the automotive industry plays a major role, producing millions of units each year. In 2021, the industry manufactured over 2.1 million automobiles, including electric vehicles. The industry accounts for over 10% of the GDP. This high presence acts as a catalyst for the integration of telematics solutions in automobiles.
Similarly, the automotive sector accounts for around 6.2% of Italy’s GDP. Mobile applications that include advanced driver assistance systems are among the fastest and most important developments for fleet management. In this regard, ADAS and telematics help fleet managers improve safety conditions and the overall driving experience. Therefore, the growing adoption of telematics solutions for safety purposes is set to propel the automotive telematics market on a positive growth trajectory.
COMPETITIVE OUTLOOK
The eminent enterprises in the automotive telematics market consist of Continent AG, Harman International, AT&T, Mix Telematics, Solera Inc, and TomTom NV.
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