What Are Advantages of Automotive Telematics Solutions?

1. Ballooning Popularity of Connected Cars Adding Fuel to Automotive Telematics Demand 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

2. The rising prevalence of road accidents is fueling the surge in the demand for advanced safety systems and features in automobiles. Human error is the biggest cause of road accidents around the world. According to may reports, the number of road crashes are regularly observed to be the maximum in India. China and the U.S. are the next two countries that witness the highest incidence of road accidents every year. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/global- telematics-market/report-sample Besides the aforementioned factor, the increasing road congestion in urban areas, because of inefficient road traffic control, is also pushing up the popularity of safety features in vehicles that can provide enhanced navigation support to the driver. This is, in turn, boosting the demand for telematics solutions as these solutions have the ability to provide a much safer driving option and other kinds of support that can significantly improve vehicular safety and the overall driving experience. Another key factor propelling the popularity of automotive telematics solutions is the growing popularity of connected cars all over the world. These cars offer numerous advantages of users such as vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) interfaces. As these cars are equipped with V2I and V2V connectivity, which are two of the integral components of automotive telematics solutions, their rising sales are massively boosting the demand for these solutions across the globe. Moreover, connected cars are equipped with several other advanced features such as roadside assistance, smartphone connectivity, traffic and collision warnings, real-time traffic monitoring, and automobile diagnostics, owing to which, the increasing deployment of these vehicles is positively impacting the popularity of automotive telematics solutions. This is subsequently causing the expansion of the global automotive telematics market. As a result, the market will witness its revenue jump from $27.7 billion to $149.9 billion from 2019 to 2030. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=global-telematics-market Furthermore, the market is predicted to register a stable CAGR of 16.6% from 2020 to 2030. Depending on vehicle type, the automotive telematics market is bifurcated into commercial vehicle and passenger car. Between these, the commercial vehicle bifurcation will exhibit higher growth rate in the market in the future. This would be because of the implementation of strict government policies regarding vehicular safety and the rising adoption of cloud-based fleet 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3. management telematics solutions by transport fleet owners around the world. According to the findings of P&S Intelligence, a market research firm based in India, the automotive telematics market recorded the highest expansion in North America in the years gone by. The main factor responsible for the boom of the market is the presence of stringent government policies regarding vehicular safety in the regional countries. For example, in the U.S., the Federal Motor Carrier Safety Administration (FMCSA) made the incorporation of electronic logging device (ELD) in commercial vehicles mandatory. Hence, it can be safely said that the requirement for automotive telematics solutions would surge throughout the world in the forthcoming years, mainly because of the rising demand for advanced safety systems and features in automobiles, due to the growing incidence of road accidents and the increasing implementation of strict vehicular safety regulations by the governments of many countries around the world. The research offers market size of the global automotive telematics market for the period 2015–2030. Market Segmentation by Vehicle Type Passenger Car Commercial Vehicle Market Segmentation by System Type Embedded Tethered Integrated Market Segmentation by Services Safety and Security Infotainment and Navigation Remote Diagnostics Market Segmentation by Communication Technology Vehicle-to-Vehicle (V2V) Vehicle-to-Infrastructure (V2I) Others Market Segmentation by Geography North America Automotive Telematics Market • • • • • • • • • • • • oBy vehicle type oBy system type oBy services oBy communication technology 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

4. oBy country – U.S. and Canada Europe Automotive Telematics Market • oBy vehicle type oBy system type oBy services oBy communication technology oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Automotive Telematics Market • oBy vehicle type oBy system type oBy services oBy communication technology oBy country – China, Japan, South Korea, India, and Rest of APAC Latin America, Middle East, and Africa (LAMEA) Automotive Telematics Market • oBy vehicle type oBy system type oBy services oBy communication technology oBy country – Brazil, Mexico, South Africa, Saudi Arabia, and Rest of LAMEA 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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