Automotive OEM Telematics Market by Connectivity Solution, by Application , by Infrastructure and by Vehicle Type
NEW CASTLE, DELAWARE, UNITED STATES, September 25, 2023 /EINPresswire.com/ — Telematics used in a vehicle are advanced navigation & infotainment systems that are used for monitoring the location and movement of vehicle through the combination of different components such as global positioning system (GPS), on-boards diagnostics system and others. Technological advancements followed by the introduction of numerous technologies such as in-car infotainment, connected features among vehicles as well as introduction of advanced driver assistance system in vehicles has created a positive impact on the growth of the automotive OEM telematics market. Moreover, introduction of telematics in vehicles has increased the performance of GPS and diagnostics system, due to which the speed and internal behavior of the vehicle can be recorded. Telematics systems are majorly adopted by the automobile insurance companies, fleet management companies, and others to monitor the location and behavior of the vehicle. Automotive manufacturers can choose between non-mutually exclusive connectivity options such as embedded telematics devices, tethered devices and integrated smartphones, which increases the performance of the system accordingly.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-toc-and-sample/4763
𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬
The lockdown imposition has resulted in lesser production of vehicles, which were equipped with advanced components.
This decrease in the production of vehicles is due to the unavailability of products as the demand & supply chain for exchange of products came to a halt.
Vehicle sales was also affected due to an imposed recession as most of the revenue generating firms had to close their working in order to protect their employees from coronavirus.
Consumers kept a hold on their money/savings to tackle worst situations of being jobless for a longer period.
Despite a major economic plunge, the automotive OEM telematics market has adopted new strategies and development skills to bounce back.
The market has started looking for different funding sources and business approaches to sustain on both the regional and global platform.
𝐓𝐨𝐩 𝐈𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫
Government regulations for vehicle telematics, rise in trend of connectivity solutions and ease of vehicle diagnosis are the factors that drive the growth of the automotive OEM telematics market.
Threat of data hacking, high installation cost and lack of uninterrupted & seamless internet connectivity is expected to hamper the growth of the automotive OEM telematics market.
Intelligent transportation system and improved performance of autonomous vehicle can be seen as an opportunity for the market investments, which will effectively provide growth opportunities for the automotive OEM telematics market in the near future.
The global automotive OEM telematics market trends are as follows:
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-oem-telematics-market/purchase-options
𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐞𝐥𝐞𝐦𝐚𝐭𝐢𝐜𝐬
Government rules & regulations for safety, security, and tracking of vehicles in different regions drive the growth of the automotive OEM telematics market. For instance, the U.S. Department of Transportation has also issued guidelines for tracking of vehicles, which creates numerous opportunities for the growth of the market. In accordance with the same, the fleet manager must provide reports for all violations as identified by federal or state investigators, the detailed list of all the violations detected during inspections, and state-supplied crash reports. Moreover, it is also mandated that all of the fleet management systems (FMS) should be certified from the Federal Motor Carrier Safety Advisor. Therefore, government regulations for vehicle telematics are driving the growth of the market.
𝐑𝐢𝐬𝐞 𝐢𝐧 𝐓𝐫𝐞𝐧𝐝 𝐨𝐟 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬
Smartphones have changed the definition of connectivity over time. People wish to stay connected with the outer world even while traveling. Now that connectivity has become the need of the hour, automobile manufacturers adopt connectivity solutions in their vehicles to boost their automobile sales. Consumers are expecting their vehicles to perform tasks similar to computers and smart phones. Adding connectivity solutions in the vehicle has become the top-most priority for automobile manufacturers. Many connectivity solutions are integrated into modern vehicles. These need internet service to perform their respective functions. Connectivity can be provided in a car using embedded, integrated, or tethered connectivity solutions. The automotive industry is witnessing a phase of digital revolution. Over the next few years, automobiles are expected to be completely transformed into communication objects. Therefore, the automotive OEM telematics market is expected to grow at a promising rate, due to rise in customer demand for staying connected continuously even while traveling.
𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
This study presents the analytical depiction of the automotive OEM telematics industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive OEM telematics market.
The current market is quantitatively analyzed from 2021 to 2030 to highlight the automotive OEM telematics market growth scenario.
The report provides a detailed automotive OEM telematics market analysis based on competitive intensity and how the competition will take shape in coming years.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/4763
𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐎𝐄𝐌 𝐭𝐞𝐥𝐞𝐦𝐚𝐭𝐢𝐜𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:
Which are the leading market players active in the automotive OEM telematics market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the automotive OEM telematics market?
What are the projections for the future that would help in taking further strategic steps?
𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐎𝐄𝐌 𝐓𝐞𝐥𝐞𝐦𝐚𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 : Verizon 103, Harman International, AT&T, MiX Telematics and Trimble Navigation Limited., TomTom, Aeris, BMW, Telefonica, Ford Motors Co., Vodafone Group Plc.
𝐁𝐲 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 : Integrated, Embedded, Tethered
𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 : eCall & Roadside Assistance, Stolen Vehicle Tracking, Motor Insurance Telematics, Vehicle Diagnostics & Maintenance, Over-the-air Updates, Connected Navigation & Infotainment, Others
𝐁𝐲 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 : Tracking, Network, Service
𝐁𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞: Two-Wheelers, Passenger Car, Commercial Vehicle
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧 : North America (U.S., Canada, Mexico), Europe (France, Germany, Italy, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), LAMEA (Latin America, Middle East, Africa)