BIS Research - Emerging Technology Market Intelligence

OEMs Incorporating Telematics System to Gain Momentum in the Market

Mar 22, 2018 7:10:50 AM / by BIS Research posted in Automotive Telematics Market report, Automotive, Automotive Telematics Market Size, Global Automotive Telematics Industry analysis, Global Automotive Telematics Market, Global Automotive Telematics Market growth, Global Automotive Telematics Market Report, Global Automotive Telematics Market research repor, Global Automotive Telematics Market trends, Global Automotive Telematics Market analysis, Global Automotive Telematics Market forecast, Global Automotive Telematics Market share, Global Commercial Vehicles Telematics Systems Mark

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Telematics system is gaining immense popularity globally owing to various benefits provided by the system such as entertainment and information content, cost saving, safety, and security, among others. According to the market intelligence report by BIS Automotive titled, ‘Global Automotive Telematics Market- Analysis and Forecast (2017-2021)’, the market is expected to garner a value of $17 billion by the end of the year 2021. This significant market value is attributed to the increase in the safety and security regulations, rising disposable incomes, lower costs of connectivity, and increased market penetration rates of smartphones which are propelling the growth of the market. The prominent market players are coming up with development strategies and showing an inclination towards the strategies such as partnerships, agreements, collaborations, product launches, merger, and acquisitions, among others.

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