The Asia Pacific Consumer Vehicle Telematics Market Size would witness market growth of 36.3% CAGR during the forecast period (2018 – 2024).
Telematics adds functionality to the automotive sector and provides risk assessment data which makes driving a secure experience. In making telematics a mandatory requirement for the automotive industry, governments play an important role because, through telecommunications, they can avoid the number of road accidents, traffic jams due to car breakups, over-speed etc. Government organizations can use telematics data for a number of uses, for example the collection of accident statistics, regulatory information, safety data retrieval and improved road design. Government mandates and similar measures already provide telematics systems with needs. Hand-free mandates for mobile telephones are increasing quickly because of driver distraction problems. The preferred solutions will probably be low-end telematics with a voice user interface and radio system integration. In addition, government provides electronic toll collection, information on the road and active security.
Based on Application, the market is segmented into Solution and Services. Solutions are further segmented into Fleet / Asset Management, Navigation, Infotainment, Insurance, Tele-Health, and Others. Services are further bifurcated into Design & Consulting, Deployment and Maintenance. Based on Deployment type, the market is segmented into Aftermarket and OEM (Original Equipment Manufacturers). Based on End User, the market is segmented into Cars (Personal & Rental), Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers/Dealers, and Government Agencies. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Verizon communications, AT&T Inc., Ford Motor Company, BMW AG, Robert Bosch GmbH, Valeo S.A, Harman International industries, Vodafone Group Plc., Telefonica S.A, and Continental AG.
Scope of the Study
Market Segmentation:
By Application
By Deployment Type
By End User
By Country
Companies Profiled
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