Motor Racing Telematics (MRT) Market to grow by USD 241.43 million from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like Agero Inc., Airbiquity Inc. and Aptiv Plc, and many more - Technavio
NEW YORK, Nov. 28, 2023 /PRNewswire/ -- The motor racing telematics (MRT) market is estimated to grow by USD 241.43 million from 2022 to 2027, growing at a CAGR of 9.18%. The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer motor racing telematics (MRT) market are Agero Inc., Airbiquity Inc., Aptiv Plc, AT and T Inc., Bridgestone Corp., Bynx Ltd., Comtech, Continental AG, DXC Technology Co., Emkay Inc., iLink Digital Inc., OCTO Telematics S.p.A, PTC Inc., Robert Bosch GmbH, Telefonaktiebolaget LM Ericsson, Valeo SA, Verizon Communications Inc., Visteon Corp., Vodafone Group Plc, and Volkswagen AG. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying
By Geography, the market is classified as Europe, North America, APAC, South America, and Middle East and Africa. Europe will have the largest share of the market. Europe will contribute 37% to the growth of the global market during the forecast period. The regional motor racing telematics market has grown steadily in recent years owing to the development of technology and the growing popularity of motorsport. Various companies have unveiled the most advanced GPS tracking devices, data loggers, and telemetry systems designed specifically for racing applications. As a result of the strong commitment to the sustainability of the European motorsports community, eco-friendly telemetry systems have become popular, allowing for efficient fuel use and reduced carbon emissions. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.
Technavio Research experts have provided more insights on the market share of segments - View a Free Sample Report
The automotive telematics market size is estimated to grow at a CAGR of 18.34% between 2022 and 2027. The market size is forecast to increase by USD 91.86 billion.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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