North America Telematics Market: size is expected to reach nearly US $ 6.89 Bn by 2029 with the CAGR of 20.9% during the forecast period.
North America Telematics Market Overview:
The purpose of this report is to provide a thorough examination of the North America Telematics Market by segments and geographics. The study goes into great detail on the primary factors influencing the North America Telematics market’s growth. The study also offers a comprehensive analysis of the market’s value chain. An Automotive Telematics system is an automatic system planned for vehicles that incorporates some form of cellular communication. The telematics for vehicles happening in the 1980s, for tracking of stolen cars with the assistance of radio frequency communication by unlicensed frequency bands.
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Market Scope:
The “Global North America Telematics Market Analysis” is a detailed investigation of the North America Telematics market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the North America Telematics market as well as detailed market segmentation by application, end-use, and geography. The North America Telematics market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading North America Telematics players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the North America Telematics market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the North America Telematics market was calculated using the revenue of significant enterprises.
Segmentation:
North America Telematics Market, by Type
• Solution
• Services
Through the end of the decade, the telematics supply chain will experience significant development and innovation as more vehicles introduce cutting-edge connected solutions that utilise embedded components while also enabling consumers to fully utilise their mobile devices. All telematics system production volumes are expected to increase by more than 112 percent globally, hitting 55 Mn units in 2021. In 2021, customer electronics-based (CE) solutions will account for about 30% of the market, while embedded systems will account for almost 15% of the market. Additionally, hybrid telematics will have the highest revenue CAGR from 2015 to reach 55% of the market, at more than 12%.
North America Telematics Market, by Provider Type
• Aftermarket
• OEM
One of the major forces propelling the telematics market, particularly for aftermarket solutions, is the insurance sector. For instance, practically every auto insurance business in North America either uses or plans to employ some form of telematics technology, as it enables the insurance companies to reduce risk through monitoring various factors including maintenance, use, and security, among others. The market for telematics in North America includes all connection platforms and solutions used to deliver internet access inside a car. In this research, the US and Canada are the key focal countries. A major factor driving the commercial vehicle telematics market in the United States is the rise in vehicle thefts, which has boosted the demand for the installation and use of telematics systems that are.
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Key Players:
The major players covered in the North America Telematics market report are
• CelluTrak
• GM Fleet
• Trimble
• CTrack
• FleetBoard
• PTC, Inc.
• Masternaut Limited
• Trimble Inc.
• OCTO Telematics Ltd.s
• Inseego Corporation
• ZONAR SYSTEMS, INC.
• Verizon Telematics, Inc.
• Infineon
• Mix Telematics International Ltd.
Table Of Content:
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on North America Telematics Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the North America Telematics market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the North America Telematics industry,
Key Questions Answered in the North America Telematics Market Report are:
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