According to Goldstein Research, global automotive telematics market is expected to reach USD 98.76 billion by 2024 from USD 17.38 billion in 2015, growing at a CAGR of 24.2% over the forecast period through 2024. The government initiative to introduce telematics systems into automobiles is one of the key factors propelling the growth of automotive telematics market across the globe. Global automotive telematics market segmentation has been carried out on the basis of telematics devices, communication types and applications. Advancement in vehicle-to-vehicle connectivity is expected to strengthen the growth of telematics market in transportation and logistics industry.

Growing electric vehicles market across the globe is also expected to drive the embedded telematics, which are essential for advanced plug-in electric cars to locate nearby charging station.

Global automotive telematics market is majorly driven by North-America region with more than 34% market share and it is closely followed by Europe with more than 28% market share in 2015. Asia-Pacific region accounted for 21% market share despite the slower growth rate, owing to slow adoption of telematics, but APAC market is expected to witness strong growth over the forecast period.

Market Segmentation
On the basis of our in-depth analysis, Global Automotive Telematics Market can be segmented as follows:

By Telematics Devices
o Embedded Devices
o Tethered Devices
o Smartphone Integration
By Communication Types
o Vehicle-to-Vehicle
o Vehicle-to-Infrastructure
o In-Vehicle
By Applications
o E-Call and roadside Assistance
o Vehicle Diagnostics
o Infotainment
o Stolen Vehicle Tracking
o Fleet Management
o Other (Toll Collection and Road Charges etc.)
By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Automotive Telematics Market Outlook 2024” by Goldstein Research contains detailed overview of the global automotive telematics market in terms of market segmentation by telematics devices, communication types and applications.

Further, for the in-depth analysis, Global Automotive Telematics Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as AT&T Inc., Telefonica, Telenor Connexion, BMW AG, General Motors, FCA Group, Tesla Motors, Airbiquity Inc., Agero Inc., Continental AG, Verizon,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global automotive telematics market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

The Report is Available @ https://www.goldsteinresearch.com/report/global-automotive-telematics-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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