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The Global Automotive Telematics Market to Upsurge at CAGR of 22.27% by 2028

The global market for automotive telematics was valued at $70.74 billion in 2020 and is growing at a CAGR of 22.27% during the forecast period of 2021-2028.

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The Global Automotive Telematics Market to Upsurge at CAGR of 22.27% by 2028

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  1. The Global Automotive Telematics Market to Upsurge at CAGR of 22.27% by 2028 • TritonMarketResearchpresentstheGlobal Automotive Telematics MarketsegmentedbyApplication(InsuranceTelematics,Fleet/AssetManagement,InfotainmentSystem,Safety&Security,Navigation&LocationBasedSystem,OtherApplications),End-user(Aftermarket,OriginalEquipmentManufacturers(OEMs)),Vehicle(CommercialVehicles,Two-Wheeler,PassengerCars),Segment(IntegratedSmartphones,Embedded,Tethered),andbyGeography(MiddleEastandAfrica,NorthAmerica,LatinAmerica,Asia-Pacific,Europe).ThereportfurtherdiscussestheMarketSummary,IndustryOutlook,ImpactofCOVID-19,KeyInsights,Porter’sFiveForcesAnalysis,MarketAttractivenessMatrix,VendorScorecard,KeyImpactAnalysis,KeyMarketStrategies,Drivers,Challenges,Opportunities,CompetitiveLandscape,Methodology&Scope,GlobalMarketSize,Forecasts&Analysis(2021-2028). • BasedonTriton’sresearchreport,theglobalmarketforautomotivetelematicsisestimatedtoobservegrowthinitsrevenueataCAGRof22.27%overtheforecastingperiod2021-2028. RequestFreeSampleReport: https://www.tritonmarketresearch.com/reports/automotive-telematics-market#request-free-sample Telematicshelpscombinetelecommunications,vehicletechnologies,andelectricalengineeringtoprovideaconnecteddrivingexperience.Itprimarilydealswithmonitoringavehicleinreal-time. Advanceddriverassistancesystemsusesensors,suchasradarsandcamerastoassistdriversintakingnecessaryactionsbasedoninformationcollectedinrealtime.Moreover,theyincludesafetyfeatures.In

  2. recentyears,thedemandforADAStechnologyhasgrownsignificantly,whichislikelytoopennewavenuesfortheautomotivetelematicsmarket.However,factorslikecybersecuritythreatsandlessconnectivityinautomobileshindertheoveralldevelopmentoftheautomotivetelematicsmarketglobally.recentyears,thedemandforADAStechnologyhasgrownsignificantly,whichislikelytoopennewavenuesfortheautomotivetelematicsmarket.However,factorslikecybersecuritythreatsandlessconnectivityinautomobileshindertheoveralldevelopmentoftheautomotivetelematicsmarketglobally. Globally,theAsia-Pacificisexpectedtowitnessthefastestgrowthrateintheautomotivetelematicsmarketovertheforecastperiod.Thisstronggrowthcanbeattributedtofavorablegovernmentinitiatives.Otherthanthis,telecominfrastructurehasobservedsubstantialgrowthintheregion. Furthermore,therisingsmartphonepenetrationacrossmajorcountriesisestimatedtocreateastrongbasefortelematics.Besides,severalOEMsarestrategizingtoofferfreetelematicsduringthewarrantyperiodtoenhanceawarenessregardingthesesystems.Thus,asmentionedabove,allthesefactorsplayakeyroleindrivingtheautomotivetelematicsmarket’sgrowth. ThedistinguishedcompaniesexpandingtheiroperationsintheautomotivetelematicsmarketareQualcommTechnologiesInc,ContinentalAG,OmnitracsLLC,RobertBoschGmbH,TrimbleInc,MasternautLimited,TeletracNavmanUSLtd,IntelCorporation,VisteonCorporation,VerizonCommunicationsInc,TomtomInternationalBV,ATTInc,MixTelematics,HarmanInternationalIndustriesInc,andAirbiquityInc. Companiesrequireasignificantamounttosetupoperationsinthemarket.Moreover,theyneedtoupdatetheirtechnologiesandsetupmultipurposeworkstations.Additionally,theestablishedbrandimageofexistingplayersrestrictstheentryofnewmarketplayers.Thus,thethreatofnewplayersisrelativelylow.Further,existingplayersareexpandingtheirbusinessthroughpartnershipanddistributionagreements,increasingcompetitionlevelsamongcurrentmarketplayers. ContactUs:sales@tritonmarketresearch.comPhone:+447441911839

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