Motor Racing Telematics (MRT) - Global Market Trajectory & Analytics

Global Motor Racing Telematics (MRT) Market to Reach 1.5 Million Units by 2027

Amid the COVID-19 crisis, the global market for Motor Racing Telematics (MRT) estimated at 560.2 Thousand Units in the year 2020, is projected to reach a revised size of 1.5 Million Units by 2027, growing at a CAGR of 15.5% over the period 2020-2027.

The U.S. Market is Estimated at 165.7 Thousand Units, While China is Forecast to Grow at 14.9% CAGR

The Motor Racing Telematics (MRT) market in the U.S. is estimated at 165.7 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 266.9 Thousand Units by the year 2027 trailing a CAGR of 14.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 13.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.

Select Competitors (Total 44 Featured):

• Agero, Inc.
• Airbiquity, Inc.
• AT&T, Inc.
• Bynx Ltd.
• Comtech TeleCommunication Systems, Inc.
• Connexis LLC
• Continental AG
• Ericsson AB
• Fleetmatics Group PLC
• Luxoft Holding, Inc.
• Magneti Marelli SpA
• Octo Telematics Ltd.
• PTC, Inc.
• Robert Bosch GmbH
• Telogis, Inc.
• TomTom International BV
• Valeo SA
• Verizon Telematics
• Visteon Corporation
• Vodafone Automotive SpA
• WirelessCar