The LAMEA Commercial Vehicle Telematics Market Size would witness market growth of 25.1% CAGR during the forecast period (2018 – 2024). Safety and security is one of the major aspect that would largely drive the telematics market. This aspect has always been crucial from the consumers as well as the auto manufacturer’s perspective. In case of accidents, these vehicles have the ability to send an SOS message along with the coordinates of the driver’s location. In case of theft, the owners will be able to track their vehicle at the tip of their fingers, using a smart phone app developed for this purpose. The increasing number of thefts and accidents of vehicles in many regions has increases the demand for telematics solution and can be the growth driver for telematics market.
The telematics system in a vehicle is a device that deals with communication (sending, receiving, and storing information) regarding the vehicle and other parameters. The telematics system collects information from different on-board sensors, such as vehicle speed, braking system, advanced driver assistance system (ADAS), air bags, transmission control system, and many other systems.
Based on Application, the market is segmented into Solution and Services. Solutions are further segmented into Fleet / Asset Management, Navigation, Infotainment, Insurance, Tele-Health, and Others. Services are further bifurcated into Design & Consulting, Deployment and Maintenance. Based on Deployment type, the market is segmented into Aftermarket and OEM (Original Equipment Manufacturers). Based on End User, the market is segmented into Transportation & Logistics, Insurance, Healthcare, Media & Entertainment, Automotive Industry, and Government Agencies. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Verizon communications, AT&T Inc., Ford Motor Company, BMW AG, Robert Bosch GmbH, Valeo S.A, Harman International industries, Vodafone Group Plc., Telefonica S.A, and Continental AG.
Scope of the Study
Market Segmentation:
By Application
By Deployment Type
By End User
By Country
Companies Profiled
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