Global Motor Racing Telematics (MRT) Market 2017-2021

  • ID: 4199044
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Agero
  • Bynx
  • Ericsson
  • Magneti Marelli
  • Robert Bosch
  • TomTom International
  • MORE
Automotive telematics system is a device which deals with communication (sending, receiving, and storing information) regarding the vehicle's present condition such as speed, acceleration, and other surrounding parameters. The telematics system collects information from different on-board sensors such as vehicle speed, braking system, advanced driver assistance systems (ADAS), airbags, and transmission control system. In the motorsports industry, telematics has helped in making racing more competitive by providing comprehensive information about the racing car such as accurate lap times, fuel consumption, and sector-wise analysis.

The analysts forecast the global motor racing telematics market to grow at a CAGR of 16.17% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global motor racing telematics market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

- APAC
- Europe
- North America

The report, Global Motor Racing Telematics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Agero
- Airbiquity
- Continental
- Verizon Telematics
- Visteon Corporation

Other prominent vendors
- AT&T
- Bynx
- Connexis LLC
- Ericsson
- Fleetmatics Group
- Luxoft
- Magneti Marelli
- Octo Telematics
- PTC
- Robert Bosch
- Comtech Telecommunications
- TELENAV
- Telogis
- TomTom International
- Valeo
- Vodafone Automotive
- WirelessCar

Market drivers
- Increasing use of electronic components leading to superior performance.
- For a full, detailed list, view the full report

Market challenges
- Potential accessibility of data leading to data security issues in telematics systems.
- For a full, detailed list, view the full report

Market trends
- Advanced telematics enabling connect car racing in motorsports.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Agero
  • Bynx
  • Ericsson
  • Magneti Marelli
  • Robert Bosch
  • TomTom International
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
  • Product life cycle
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Geography Segmentation
  • Market overview
PART 07: Decision framework

PART 08: Drivers and challenges
  • Market drivers
  • Market challenges
PART 09: Market trends

PART 10: Vendor landscape
  • Other prominent vendors (Potential)
PART 11: Key vendor analysis
  • Agero
  • Airbiquity
  • Continental
  • Verizon Telematics
  • Visteon Corporation
PART 12: Appendix
  • List of abbreviations
List of Exhibits

Exhibit 01: Connectivity solutions
Exhibit 02: Key players and stakeholders
Exhibit 03: Growth opportunities for service providers
Exhibit 04: Value chain of telematics services
Exhibit 05: Product life cycle of global MRT market 2016
Exhibit 06: Segmentation of global MRT market
Exhibit 07: Global MRT market 2016-2021 (units in thousands)
Exhibit 08: Five forces analysis
Exhibit 09: Global MRT market: Segmentation by geography 2016 and 2021 (% share)
Exhibit 10: MRT market in Europe 2016-2021 (units in thousands)
Exhibit 11: MRT market in North America 2016-2021 (units in thousands)
Exhibit 12: MRT market in APAC 2016-2021 (units in thousands)
Exhibit 13: Top five APAC countries by GDP 2011-2015 ($ billions)
Exhibit 14: Leading competitors market share in global automotive telematics 2015
Exhibit 15: Other prominent vendors (present and potential) in MRT market
Exhibit 16: Product portfolio
Exhibit 17: Agero: Recent developments
Exhibit 18: Airbiquity: Recent developments
Exhibit 19: Continental business segmentation 2015
Exhibit 20: Continental: Recent developments
Exhibit 21: Verizon Telematics: Recent developments
Exhibit 22: Continental geographical segmentation 2015
Exhibit 23: Visteon Corporation: Recent developments
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FEATURED COMPANIES

  • Agero
  • Bynx
  • Ericsson
  • Magneti Marelli
  • Robert Bosch
  • TomTom International
  • MORE
New Report Released: - Global Motor Racing Telematics Market 2017-2021

The author of the report recognizes the following companies as the key players in the global motor racing telematics market: Agero, Airbiquity, Continental, Verizon Telematics, and Visteon Corporation.

Other Prominent Vendors in the market are: AT&T, Bynx, Connexis LLC, Ericsson, Fleetmatics Group, Luxoft, Magneti Marelli, Octo Telematics, PTC, Robert Bosch, Comtech Telecommunications, TELENAV, Telogis, TomTom International, Valeo, Vodafone Automotive, and WirelessCar.

Commenting on the report, an analyst from the research team said: “One trend in market is IoT platform integration for optimum engine performance. The motorsports industry is rapidly evolving and is witnessing the development of innovative technologies in the field of automotive powertrain such as engine, transmission and chassis among others. The extensive use of electronic sensors and microprocessors in the vehicle along with advanced control modules has led to the development of more advanced racing vehicles. With the fusion of more electronic components within the vehicles, the vehicles are becoming much more efficient both in terms of their performance on the field and carbon emissions.”

According to the report, one driver in market is negligible price inflation by OEMs on telematics service offerings. The adoption of telematics solutions in vehicles is increasing at a rapid rate year-on-year. Data reveals that the luxury vehicle segment, where remote vehicle diagnostics are largely deployed, has not seen any significant price hikes even though many vehicles in this category are being engineered with connectivity technologies.

For instance, though spending on premium luxury car brands, such as Mercedes, BMW, and Audi, has risen by over 10% in 2015 due to the addition of connectivity applications, the vehicles are priced with a minimum hike of just 3%. Such minimal hikes may partially stem from the fact that the luxury car market is subject to stiff competition. Thus, the increased spending by OEMs per vehicle for connectivity may have less of an impact on the penetration of connectivity technology solutions, such as remote vehicle diagnostics. This drives the market. However, OEMs are constantly refining the pricing strategies of subscription fees for telematics services before they penetrate the market.

Further, the report states that one challenge in market is potential accessibility of data leading to data security issues in telematics systems. MRT involves sending and receiving of a large amount of vehicle-related data, which forms the fundamental for functioning of telematics-based systems. Automotive telematics has numerous advantages including vehicle safety, fuel-efficiency, and driver friendly as most M2M communications use proprietary protocols or private networks for secured connectivity.

The increasing demand for connectivity has forced the players in the industry to provide Internet connectivity in their offerings. The major focus of the service providers is on the functional requirements of telematics devices. The telematics system designers and developers have failed to work on the aspect of vehicle security. As vehicle telematics involves large flow of data, they become vulnerable to data theft and insecurity. A malware can pass through in-vehicle entertainment and information systems to other in-car networks such as CAN bus. This malware may link the in-vehicle entertainment and information systems to the automobile's critical functions. Therefore, by connecting a laptop or mobile device to the on-board diagnostic port of the automobile, hackers can seize control of the vehicle's central functions such as engine and brakes. These systems involve the exchange of driver's driving information and the automobile manufacturing service center, and therefore, with advanced software these can be hacked easily. In the global MRT market, the security issues are more relevant as these high-performance racing events involve a large amount of confidential data.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Agero
  • Airbiquity
  • Continental
  • Verizon Telematics
  • Visteon Corporation
  • AT&T
  • Bynx
  • Connexis LLC
  • Ericsson
  • Fleetmatics Group
  • Luxoft
  • Magneti Marelli
  • Octo Telematics
  • PTC
  • Robert Bosch
  • Comtech Telecommunications
  • TELENAV
  • Telogis
  • TomTom International
  • Valeo
  • Vodafone Automotive
  • WirelessCar
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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