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Automotive telematics market projected to reach $ 320.6 billion by 2026: TMR survey

Automotive technology uses satellite-based positioning technology to connect telematics solutions over wireless connections, allowing audio or visual data and drivers to connect to a variety of in-vehicle telematics applications. The automotive telematics market has grown significantly over the years due to increasing trends in connectivity solutions around the world.

According to a new report published by Trend market researchThe automotive telematics market is expected to reach $ 320.6 billion by 2026.

Telematics systems provide multiple features such as roadside assistance, airbags, navigation, vehicle security notifications, and driver emergencies such as stolen vehicle tracking services. The telematics control unit hardware consists of the infamous “black box” module that integrates a telephone, GPS receiver, digital signal processor, and microphone for voice recognition. It also collects diagnostic information from the sensor.

The· Automotive telematics market It is segmented based on channel type, vehicle type, connectivity solution, application, and region. It is divided into OEM and aftermarket depending on the channel type. By vehicle type, it is classified into passenger cars, commercial vehicles, and motorcycles. Depending on the application, it is categorized into fleet / asset management, navigation and location-based systems, infotainment systems, insurance telematics, safety and security, V2X and more. The connectivity solution separates and connects it into embedded, integrated smartphones. It is analyzed by region across North America, Europe, Asia Pacific, and LAMEA.

Key players in the report include Masternaut Limited, TomTom Telematics BV, Trimble Inc., Omnitracs, VERIZON, IDSystems, Inc., Airbiquity Inc., Harman International Industries, Inc., MiX Telematics, Teletrac Navman, and CARTRACK. I will.

Report available Here.. Automotive telematics market projected to reach $ 320.6 billion by 2026: TMR survey

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