KEY FINDINGS
The Asia-Pacific automotive telematics market growth is predicted to progress at a CAGR of 23.04% during the forecast period, 2021-2028. The growing telecom infrastructure, increasing government initiatives, and rising smartphone penetration are among the key market growth drivers.
MARKET INSIGHTS
South Korea, India, Thailand, Vietnam, Australia & New Zealand, Indonesia, China, Japan, and Rest of Asia-Pacific, are assessed for the Asia-Pacific automotive telematics market growth analysis. In South Korea, the connected vehicles market is set to project double-digit growth rates. The domestic automobile manufacturers and tech companies are extending access to previously exclusive technology and releasing new systems. These systems include infotainment services featuring enhanced AI capabilities into the driving ecosystem. Also, the companies are planning to increase telematics applications in automotive. Renault Samsung Motors launched a voice recognition service in All-New QM6. The country is estimated to become one of the eminent markets for connected care, given the thriving automotive market and connectivity infrastructures.
In Indonesia, the telematics demand regarding connected cars includes wireless video streaming, the head unknit ad hoc Wi-Fi-host, and cloud-based map OTA update. Many car manufacturers are offering varied selling points to optimize the consumer brand experience. Companies are bringing forth innovations in automotive telematics. Further, in Thailand, initiatives like GPS tracking for heavy commercial vehicles and vehicles ferrying high-risk goods support market growth. The country is the second-largest automobile market, enabling automotive companies to innovate telematics. Such developments are expected to propel market growth in these countries.
COMPETITIVE INSIGHTS
Some of the eminent companies in the market include, Robert Bosch GmbH, Verizon Communications Inc, Trimble Inc, TomTom International BV, Teletrac Navman US Ltd, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments