A Few Mandates like GLONASS17 to Assist Drivers During Emergencies Expects to Improve Consumer Telematics Systems Market Growth
The Consumer Telematics Systems Market
deals with the development of communication technology. Telematics can be described as the technology which allows electronic devices to communicate with each other and humans over a specific network. A telematics system has been integrated into various applications like telecommunications, road transportation, etc.
The telematics device usually transmits measurements from one location to another. Automotive industry is the biggest adopter of telematics technology. Automotive telematics allows a wireless communication link between vehicles, multiple machines, machine to human or direct to cloud and other systems in real-time as well. The Consumer Telematics Systems Market is projected to register strong growth during the forecast period.
High demand for big data analytics and related services are the primary factors that drive growth for the Consumer Telematics Systems Market. Smartphones today exhibit capabilities such as accelerometers and GPS, which further provides avenues for market growth. Advancements in mobile application software, mobile technology and ubiquitous connectivity have significantly reshaped the consumer telematics industry.
North America is dominating the Consumer Telematics Systems Market, by introducing several products regarding consumer telematics. Asia-Pacific is expected to witness the fastest growth during the forecast period, due to rising demand for automotive industry. Europe is in the next position of registering growth followed by RoW.
Browse Related Reports:
- Connected Cars Market: By Connectivity Type (4G LTE, 3G, Wifi, Others), By Type of Interaction (Vehicle-to-Vehicle, Vehicle-to-Infrastructure, Others), By Features (Navigation, System Diagnosis, Safety & Security, Others)-Forecast (2016-2021)
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Mr. Venkateshwar Reddy
Business Development Manager
Contact Sales: 1-614-588-8538 (Ext-101)