Automotive Telematics Market Key Trends And Strategies For Expansion 2023-2032

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Automotive Telematics Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Automotive Telematics Market Definition
Automotive telematics refers to fleet monitoring
or GPS vehicle tracking and is an important
management tool for many commercial and
government fleets. The system may report on
practically every parameter, including speed and
idle, as well as fuel consumption, low tire
pressure, and more. A telematics device's primary
components include a GPS receiver, accelerometer,
SIM card, engine interface, and others. It is
used to track automobiles, trucks, equipment, and
other assets and plot their movements on a
computerized map.
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Automotive Telematics Market Characteristics
The global automotive telematics market size grew
from 100.06 billion in 2022 to 132.87 billion
in 2023 at a compound annual growth rate (CAGR)
of 32.8. The automotive telematics market size
is expected to grow to 360.56 billion in 2027 at
a CAGR of 28.3.
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Key Market Drivers And Trends
Drivers


Government regulations for vehicle telematics are
contributing to the growth of the automotive
telematics market.
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Drivers, Trends, Restraints, Strategies, And
Opportunities On The Automotive Telematics Market
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Automotive Telematics Market Segments
The report covers the Automotive Telematics
markets segments-


By Connectivity Solutions Type
By Application
By Vehicle Type
Embedded, Integrated smatphones, Tethered
Fleet/Asset management, Navigation and
location-based system, Infotainment system,
Insurance telematic, Safety and security




Commercial cars, Passenger vehicles, Two-wheelers
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Major companies in the market include
Key Market Players
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