The LAMEA Consumer Vehicle Telematics Market Size would witness market growth of 37.0% CAGR during the forecast period (2018 – 2024). The growth in the telematics market is driven by the increasing number of regulatory requirements for vehicle safety and safety.
Consumer telematics are the technology and services of communication that allow the transmission of large amounts of data to and from passenger cars in real time. This includes in - vehicle consumers, GPS navigation, traffic, local search (for example, petrol pumps / gas stations or restaurants), and concierge services. The in-cab telematics systems, which send data directly to fleet management for evaluation, monitor all of these factors. The data allows fleet managers to understand the drivers ' specific requirements and work in close cooperation with drivers ' trainers to develop specialized training instead of using generic, one-size-fit programs for drivers. Furthermore, real-time drivers’ feedback mechanisms are becoming increasingly popular among companies so that drivers can understand which actions lead to bad behaviour. Combining telematics and video footage provides fleet managers with a complete view of the driver's activities throughout their journey, with front and driver-facing cameras recorded. This visibility links actions to poor performance and can be a strong training tool to use in informational materials.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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