Global Automotive Telematics Market 2023-2030
MARKET OUTLOOK
Triton’s estimates indicate that the global automotive telematics market is set to witness revenue growth at a CAGR of 16.06% during the forecast period 2023-2030.
The market’s growth is prompted by factors such as growing demand from fleet operators and improved safety and vehicle maintenance. Additionally, the rising advancements in automotive solutions, growing ADAS in automotive demand, and surge in intelligent transport systems are expected to create opportunities for the market.
However, the lack of connectivity infrastructure, the risk of data breaches, and expensive solutions restrict the overall market’s development.
REGIONAL OUTLOOK
The global automotive telematics market includes Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.
The Asia-Pacific is estimated to witness the fastest growth over the forecast period. The region’s growth is supported by favorable government initiatives, especially in China and India. The governments in China have mandated location-based systems in school buses and vans to improve safety levels. Moreover, the growing demand for built-in connectivity in vehicles has prompted OEMs to adopt telematics solutions. Thus, these factors support the overall market’s development.
COMPETITIVE OUTLOOK
The major companies thriving in the market are TomTom NV, Robert Bosch GmbH, Verizon Communications Inc, Continental AG, Geotab Inc, Inseego Corp, Airbiquity Inc, AT&T Inc, Harman International, Teletrac Navman US Ltd, Mix Telematics, Samsara Inc, Trimble Inc, and Solera Inc.
AT&T Inc is engaged in providing telecommunications, media, and technology services. It offers wholesale services, managed networking, telecommunications equipment, wireless communications, etc. The company serves individual customers as well as businesses under brands such as Cricket, Sky, AT&T, and Unefon, among others. AT&T operates across multiple regions, with headquarters in Dallas, Texas, the US.
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