Global Automotive Telematics Market to Grow Rapidly, Predicts Lucintel in Its Report Published at MarketPublishers.com
12 Dec 2016 • by Natalie Aster
LONDON – The world’s market for automotive telematics is widely expected to have bright prospects in the future given opportunities it has in light commercial vehicles and passenger cars. This marketplace is set to experience significant growth at a remarkable CAGR of around 27% over the period 2016-2021.
Here are a number of factors that will drive this growth, and the rising demand for integrated wireless communication systems is one of them.
In terms of service, navigation, information and entertainment segments are likely to be the segments showcasing growth at the highest rate in the offing.
In terms of connectivity types, tethered, integrated and embedded segments lead the global space. The latter segment will experience the most rapid growth in the near term. Meanwhile, the passenger car segment will demonstrate the swiftest growth when it comes to vehicle types.
In-demand research report “Growth Opportunities in the Global Automotive Telematics Market” drawn up by Lucintel offers a comprehensive discussion of the worldwide automotive telematics marketplace. The study starts with detailed coverage of this market’s background.
It insightfully analyzes performance of this marketplace as of 2015 by shedding light on all segments’ performance. The report explores trends of the market space over the period 2010-2015.
The research study concentrates on regional performance and casts light on factors driving and challenging this marketplace. It proceeds with an in-depth analysis of competitors. The research report investigates growth opportunities of the marketplace and profiles largest companies. The study also looks at future prospects of the global market.
Other Global Marketplaces Covered by Lucintel Include:
More cutting-edge studies by Lucintel can be found at its page.