123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Automobiles >> View Article

Telematics Market, Trends, Size, Growth And Forecast To 2022

By Author: Aryan
Total Articles: 13

The growth of the global telematics market is being driven due to several factors, including government initiatives to include advanced technology in public safety on roads, increasing demand for premium passenger cars and growing demand for connectivity in vehicles. The use of telematics has been constantly increasing in insurance sector for tracking the driving conditions to calculate precise vehicle insurance premium. North America dominated the global market; however Asia-Pacific is estimated to grow at the highest pace during the forecast period. The high cost of telematics equipment and hacking threats are the key restraints in the global market. The poor internet infrastructure in the developing countries is also hindering the adoption of telematics.

Explore Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/global-telematics-market

In order to assure vehicular safety, the government in several countries has been promoting the use of telematics in vehicles. For instance, eCall project promoted by European Commission (EC) was adopted in Europe in 2013. eCall is targeted to provide assistance to motorists, who have met with road accident and are unable to speak due to injuries. It is applicable for the vehicles in which telematics is installed. The government of China rolled out a program in 2014 that promotes the use of fleet management solution in every vehicle. In Brazil, a program known as SIMRAV has been introduced to monitor and control crimes associated with vehicles. This program is also operated with the help of telematics.

Browse Related Research at: https://www.psmarketresearch.com/industry-report/automotive-and-transportation

The key competitors in the global telematics market include Verizon Communication Inc., Harman International Industries Inc., TomTom International BV, AT&T, Vodafone Group Plc, Ford Motor Company, BMW Group, Telefonica SA, MiX Telematics, Trimble Navigation Ltd.

Total Views: 58Word Count: 273See All articles From Author

Automobiles Articles

1. Why Automobile Companies Should Tie-up With Drivekool For Rto Services
Author: drivekool

2. 2018 Best Dirt Bike For Kids Of Different Age Groups – Kids For King
Author: Kids For King

3. How To Get Your Car Ready For Summer
Author: vibhuti Chouhan

4. Rockman Moldex-carbon Composites Company In India
Author: Rockman Industries

5. How To Know Kinds Of Mechanical Repairs Done By Automobile Mechanics In Vista
Author: Andrew Raymond

6. Fleet Wraps The Best Way To Advertise Your Business
Author: davidwaner

7. What Keeps Planes Up And Running
Author: Xtreme Aviation

8. Car Rental Seychelles Should Be Considered When You Are Looking Forward To Make Your Commuting Safe
Author: Jeffrey Pham

9. Your Purpose Of Usage Will Define Whether It Is Best To Choose The Cruiser Over The Touring Bike
Author: Levi Fysh

10. How To Check The First Auto Repair In Any Local Garage
Author: Mark Josesh

11. How To Know Hydraulic Hose System Design
Author: Ryan gary

12. Simulators In Mining Industry
Author: Eesha Zaveri

13. How To Manage A Down Payment For Your Next Car?
Author: Williams Orchard

14. Types Of Forklifts Their Use And Advantages
Author: Raunak Kadam

15. Why You Should Have A Portable Jump Starters For Cars – Reasons!
Author: Anthony Farinola

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: