Automotive embedded telematics are the inbuilt communication technology in vehicles to provide advanced wireless technology and features such as location, entertainment, safety, remote door lock, vehicle tracking, diagnostics, and maintenance. The automobile embedded technology consists of the positioning system, vehicle warning system, automatic driving system, safety wireless communications, etc.This growth is primarily driven by Growing Number of Automotive Accidents and Demand for the Digitalised Features in Vehicles for Navigation and Safety.
Globally, a noticeable market trend is evident Integration of IoT and Artificial Intelligence in the Automotive Embedded Telematics. The Integrated Telecommunication Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Omnitracs, LLC (United States), Fleetmatics Pvt.Ltd (India), Verizon (United States), Masternaut (United States), Trimble Inc (United States), Mahindra & Mahindra Limited (India), MiX Telematics (South Africa), Wipro Limited (India), Airbiquity, Inc (United States) and Fibocom Wireless (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28th July 2020, Fibocom, a leading global provider of IoT (Internet of Things) wireless solutions and wireless communication modules, reaches an agreement with three investment institutions to acquire the automotive embedded module product line of Sierra Wireless through its joint venture company.
On 24th August 2020, Mahindra Truck and Bus (MTB) has announced the launch of its connected vehicle technology, Mahindra iMAXX, as part of its efforts to deliver a distinguished fleet management experience for its customers. This new Telematics platform is fitted into Mahindra’s BS6 emission norms compliant CV range, including the BLAZO X range of HCVs, FURIO range of ICVs & LCVs, and CRUZIO range of buses.
- Growing Number of Automotive Accidents
- Demand for the Digitalised Features in Vehicles for Navigation and Safety
- Integration of IoT and Artificial Intelligence in the Automotive Embedded Telematics
- Privacy Related Issues with the Automotive Embedded Telematics
Continuous Research and Advancements in the Automotive Embedded Telematics
High Cost of Installation and Maintenance of Automotive Embedded Telematics
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Embedded Telematics Study Sheds Light on
The Automotive Embedded Telematics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Automotive Embedded Telematics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Embedded Telematics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Automotive Embedded Telematics Market?
The Automotive Embedded Telematics market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Automotive Embedded Telematics Market?
Top performing companies in the Global Automotive Embedded Telematics market are Omnitracs, LLC (United States), Fleetmatics Pvt.Ltd (India), Verizon (United States), Masternaut (United States), Trimble Inc (United States), Mahindra & Mahindra Limited (India), MiX Telematics (South Africa), Wipro Limited (India), Airbiquity, Inc (United States) and Fibocom Wireless (China), to name a few.
3. Which region dominated the worldwide market for Automotive Embedded Telematics in 2020?
North America is dominating the Automotive Embedded Telematics Market.