Global Automotive Aftermarket Telematics 2018-2022
About Automotive Aftermarket Telematics
The automotive telematics system is a device that deals with sending, receiving, and storing information regarding the vehicle and other parameters. The telematics system collects information from different on-board sensors, such as speed sensors, braking system, ADAS, airbags, transmission control system, and many other systems.
Technavio’s analysts forecast the Global Automotive Aftermarket Telematics to grow at a CAGR of 28.88% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Automotive Aftermarket Telematics. To calculate the market size, the report considers the revenue generated from the use of telematics in passenger vehicles and commercial vehicles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Aftermarket Telematics 2018-2022
Technavio recognizes the following companies as the key players in the Global Automotive Aftermarket Telematics: Delphi, TomTom International, Intel Corporation, Verizon Telematics, and Geotab.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is penetration of 5G technology.”
According to the report, one driver influencing this market is the rise in in-vehicle communication options.
Further, the report states that one challenge affecting this market is the technical limitations of telematics.