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Global Automotive Aftermarket Telematics 2018-2022 | Passenger Vehicles Segment Dominates the Global Market | Technavio

August 29, 2018

LONDON--(BUSINESS WIRE)--Aug 29, 2018--According to the latest market research report released by Technavio, the global automotive aftermarket telematics is expected to accelerate at a CAGR of nearly 29% during the forecast period. The rise in in-vehicle communication options is one of the key factors triggering the growth of the market.

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Technavio has published a new market research report on the global automotive aftermarket telematics market from 2018-2022. (Graphic: Business Wire)

This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global automotive aftermarket telematics into the following applications:

Passenger vehicles Commercial vehicles

In 2017, the passenger vehicles segment accounted for 65% of the global market and is projected to reach 72% by 2022, exhibiting almost 7% increase in market share.

Global automotive aftermarket telematics: An emerging trend

The rise in car-connectivity options is an emerging trend in the jewelry space. At present, the automotive industry is characterized by companies relocating their production centers from developed regions to developing regions. The automotive industry experienced a massive decline in demand due to the economic uncertainty in the western world. However, the markets have slowly recovered, primarily due to the stable economic conditions in the developing nations. The primary focus of automotive digital technology manufacturers was optimized for the vehicle’s internal functions. However, the focus has now shifted toward technologies that are primarily involved in developing the car’s ability to connect with other vehicles and devices to enhance the driving experience.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Automotive Aftermarket Telematics Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (passenger vehicles and commercial vehicles)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Delphi, Geotab, Intel Corporation, TomTom International, and Verizon Telematics)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005366/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE AFTERMARKET

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/29/2018 08:02 AM/DISC: 08/29/2018 08:02 AM

http://www.businesswire.com/news/home/20180829005366/en

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