Global Telematics Market 2020-2026

Global Telematics Market Size, Share & Trends Analysis Report, By Type (Hardware and Software & Services), By Sales Channel (OEM and Aftermarket), By Connectivity Solution (Embedded Solution, Integrated Solution, and Tethered Solution) By Vehicle Type (Passenger Vehicle, Commercial Vehicle, Other) and Forecast, 2020-2026
The telematics market is expected to grow at a CAGR of around 17% during the forecast period. Significant adoption of the telematics system for fleet management is one of the major factors for the growth of the market. Moreover, it is also used by insurance companies to offer customized user-based insurance policies. Besides, growth in the autonomous vehicle is also expected to provide an opportunity for the global telematics industry. However, decreasing automotive sales are one of the major restraining factors for the market. Moreover, economic slowdown due to COVID-19 is anticipated which will further expected to decrease the market demand.

The global telematics market is divided by type, sales channel, connectivity solution, and vehicle type. By type, the market is segmented into hardware and software & services. By the sales channel, the market is bifurcated into OEM and aftermarket. OEMs segment is expected to showcase a significant market growth rate during the forecast period. By connectivity solution, the market is further divided into embedded solutions, integrated solutions, and tethered solution. Embedded telematics solution segment is anticipated to augment at a considerable growth rate during the forecast period. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America holds a major market share whereas Asia-Pacific is expected to show significant market growth during the forecast period.

The global telematics industry is fragmented in nature and large number of hardware, software, and service provider are working all across the globe. Major companies operating in the global market include AT&T Inc., Geotab Inc., Verizon Wireless Inc., Cisco Systems, Inc., CalAmp Corp., HERE Global B.V., WirelessCar AB among others. The market players are adopting growth strategies, including mergers and acquisitions, product launches, and partnerships & collaborations, to gain a competitive advantage in the market.

Research Methodology

The market study of the global telematics market is incorporated by extensive primary and secondary research. Secondary research has been conducted to breakdown the market in various segments derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to amplify the added validity of the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Authentic public databases
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

• Global Telematics Market Research and Analysis, By Type
• Global Telematics Market Research and Analysis, By Sales Channel
• Global Telematics Market Research and Analysis, By Connectivity Solution
• Global Telematics Market Research and Analysis, By Vehicle Type

The Report covers:

• Comprehensive research methodology of the Global Telematics Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global Telematics Market.
• Insights about market determinants which are stimulating the Global Telematics Market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.