The global Automotive Telematics Market study presents an all in all compilation of the historical, current and future outlook of the Market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Automotive Telematics Market player in a comprehensive way. Further, the Automotive Telematics Market report emphasizes the adoption pattern of the Automotive Telematics across various industries.
A latest report published by Fact.MR takes into account the Automotive Telematics market from a global as well as local viewpoint. The automotive telematics market is likely to continue its solid run in 2019, with global revenues likely to surpass US$ 27 billion in 2019. With the inclusion of automotive telematics, the functional capabilities of vehicles are witnessing a steady upgrade. Automotive telematics system finds widespread applications in communication, mapping and for improving the safety features in an automotive. As a result, a notable increase in the adoption of the automotive telematics systems has been witnessed in the recent past, and the status quo is likely to continue over the course of the forecast period. The automotive telematics market is poised to grow at an impressive CAGR of 24.2% through 2022.
In this Automotive Telematics market study, the following years are considered to project the market footprint: