The global automotive embedded telematics market size is estimated to reach USD 40.2 billion by 2026, registering at a CAGR growth of 20.9% over the forecast period.Increasing road accidents drives the need for better road safety and also surge in huge investments in R&D of connected care are the main features driving the market development.
Trending technological innovation of including cell phone applications dependent on iOS and Android stages is relied upon to change the present situation of vehicle network. Earlier, Bluetooth was the main mechanism of associating cell phones to the vehicle remotely; nevertheless, in coming years, rising adoption of efficient and smart infotainment and navigations systems in luxury car segment is the major driver for the adoption of automotive embedded telematics technology and solutions.
The speedily expanding automotive sector across the globe is anticipated to boost the automotive embedded telematics market during the forthcoming years. Cars functioning with some degree of automation assist in detecting the dangerous road and others. Therefore, the increasing need for semi-autonomous cars that are furnished with advanced driver assistance systems (ADAS) and the growing efforts by OEMs to develop autonomous vehicles at the earliest is expected to further drive the automotive embedded telematics market in the near future.
Also many countries such as U.S and U.K are promoting road safety technology and device, which may further, expected to drive the growth of the global automotive embedded telematics market. Apart from providing safety solutions automotive embedded telematics is projected deliver promising solution to reduce the number of road accidents automotive embedded telematics also provide features such as remote diagnostics, 24/7 connectivity, navigation, multimedia streaming, and improved vehicle maintenance service are few other feature attracting consumer to surge the sale of automotive embedded telematics.
Market By Component
Market By Solution
Market By Application
Market By Geography
North America captures the market in 2018 owing to increase need for better road safety and constant launch of new product portfolio associated to automotive embedded telematics by main key players. Also, inventive marketing strategies being accepted by main key companies to encourage and automotive embedded telematics market and associated products are expected to inspire end users to accept these products, which in turn will stimulate the development of the regional market.
Asia Pacific is anticipated to observer the highest CAGR of 7.3% during the forecast timeframe. Growing safety awareness, rising need for smart automotive gadgets, and growing disposable income are expected to increase the development of the regional automotive embedded telematics industry.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the automotive embedded telematicsmarket are Verizon Connect, Ford Motor Company, BMW Group, Continental AG, INFINITI Motor Company Ltd., General Motors Company, MiX Telematics International Ltd., TomTom Telematics BV, Toyota Motor Corporation, and Hyundai Motor Company.
Introduction According to Acumen Research and Consulting, the global automotive airbag market size is expected to reach around US$ 86 billion by 2026 and market is growing at a CAGR around 5.8 % throughout the forecast period 2019-2026. One car safety device is Airbag. The car airbag includes a flexible fabric coil or cushion de
Introduction According to Acumen Research and Consulting, the global automotive drive recorder market is expected to reach the market value of around $7.2 billion by 2025 and is anticipated to grow at a CAGR of around 11% in terms of revenue during the forecasting period 2018 – 2025. Automotive drive recorder, also known a
Introduction According to Acumen Research and Consulting, the global automotive seat belts market is expected to grow at noteworthy CAGR around 6.2 % throughout the forecast period and reach around US$ 10.1 billion by 2026. Seat loops are essential vehicle components. In times of accidents, seat belts are called life saviors. Such belts protect
Introduction According to Acumen Research and Consulting, the global usage-based insurance market is expected to grow at noteworthy CAGR around 29 % throughout the forecast period and reach around US$ 190 billion by 2026. Usage-based insurance (UBI) is an insurance type that determines vehicle premium by following the vehicle's conduct. An insur
Introduction According to Acumen Research and Consulting, the global automotive seat belt system market is anticipated to expand at strong CAGR above 6 % during the forecast time frame and reach around US$ 25 billion by 2026. Seat loops are essential vehicle components. In times of accidents, seat belts are called life savior. S
According to Acumen Research and Consulting, the global Occupant Classification System market is expected to grow at noteworthy CAGR around 6.5 % throughout the forecast period and reach around US$ 3.2 billion by 2026. The report provides analysis of global Occupant Classification System market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.