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Global Passenger Vehicle Telematics Market 2018-2022 with Agero, Airbiquity, Bosch, Continental & Visteon Dominating - ResearchAndMarkets.comThe "Global Passenger Vehicle Telematics Market 2018-2022" report has been added to ResearchAndMarkets.com's offering. The global passenger vehicle telematics market to grow at a CAGR of 23.57% during the period 2018-2022. Global Passenger Vehicle Telematics Market 2018-2022 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Telematics system is a device which deals with communication (sending, receiving, and storing information) regarding the vehicle and other parameters. The telematics system collects information from different onboard sensors, such as vehicle speed, braking system, ADAS, airbags, transmission control system and many other systems. According to the report, one of the major drivers for this market is OEM push for embedded telematics systems in BRIC nations. Embedded telematics systems market is dominated by developed regions like Europe and North America Embedded connectivity provides the advantage of data reliability as it is connected 24x7. However, the same is not true for tethered and smartphone integration solutions where the connectivity of the device depends on the user. As a result, regulatory bodies will pass legislation in he future to encourage installation of embedded telematics in passenger vehicles. This will lead to increased adoption of embedded telematics in the automotive industry. The latest trend gaining momentum in the market is introduction of usage based insurance (UBI) to the customers by insurance companies. In UBI, insurance companies can calculate the insurance premium for their clients in accordance to the usage rate of the vehicle. The automotive telematics system provides insurance companies a clear idea of a person's driving pattern that was earlier estimated using gender, age, marital status, and experience. The implementation of telematics assisted UBI also assists the customers to lessen their premium rates by adopting safe driving. Key vendors
Key Topics Covered: Part 01: Executive Summary Part 02: Scope Of The Report Part 03: Research Methodology Part 04: Market Landscape Part 05: Market Sizing Part 06: Five Forces Analysis Part 07: Market Segmentation By Fitment Part 08: Customer Landscape Part 09: Regional Landscape Part 10: Decision Framework Part 11: Drivers And Challenges Part 12: Market Trends Part 13: Vendor Landscape Part 14: Vendor Analysis Part 15: Appendix For more information about this report visit https://www.researchandmarkets.com/research/fj6xvl/global_passenger?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20180205005834/en/ |