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Automotive Telematics Market Registers Incremental Opportunities of $265.5 Million Over 2022-2031

According to a new report published by Fact.MR, the automotive telematics market will continue to operate robustly in 2019, with global sales expected to exceed $27 billion in 2019. With the inclusion of automotive telematics, we are witnessing a steady upgrade of the functional capabilities of vehicles. Automotive telematics systems find a wide range of applications for improving communication, mapping and safety functions in automobiles.

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Key Takeaways from the Market Study

“As global ownership of automobiles increases, prominent manufacturers are introducing enhanced safety and security features across new car models to prevent road accidents and damage, widening prospects for automotive telematics,” opines Fact.MR analyst.

Key Segments Covered

Competitive Landscape

Prominent service providers are relying on introducing new software which facilitate advanced damage detection systems, based on cloud and artificial intelligence approaches. Noteworthy developments in the past few months are as follows:

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