Global Telematics Market (2014-2022)

Report Id

11250

Publisher Name

Netscribes (Research on Global Markets)

Published Date

1/1/2018

No of Pages

140

Market Scenario

Global Telematics Market Telematics technology is being increasingly used in the automotive segment for vehicle tracking and monitoring, infotainment and Usage Based Insurance (UBI). In the Healthcare sector, it is utilized to expedite diagnosis and augment treatment quality and processes. Similarly, the Government sector employs telematics technology for developing smarter cities and maintenance. The global Telematics market is expected to grow at a CAGR of 28.5% (2017-2022) leading to global revenue of USD 233.24 billion by 2022. The Automotive telematics segment is expected to grow as automakers and fleet managers adopt the technology to minimize fuel waste, and facilitate data management for the smooth functioning of fleets and connected cars. Almost, 80-85% of telematics solutions and devices that includes infotainment, solutions and aftermarket solutions (UBI) cater to the automotive industry. Healthcare telematics market, on the other hand, is expected to grow at a CAGR of 25.9% (2017-2022). Telematics usage in the individual (consumer) healthcare segment is expected to increase at a faster pace compared to the commercial segment. The market is also starting to witness growing demand for telemedicine applications used by health professionals for remote consultation and collaborative medical assistance. Telematics revenue generated from the government segment is expected to witness a high growth. Government agencies need to monitor and eliminate unauthorized behavior and violation of driving rules through real-time vehicle tracking. Key growth factors Increasing requirement to track vehicles on a real-time basis and observe drivers’ behavior (monitoring health and temperament while driving), coupled with rising demand for onboard infotainment is leading to growing usage of telematics technology. Additionally, the requirement of vehicle owners to avail tailor-made auto insurance premiums and that of insurers to accurately evaluate accidental damages and minimize fraud, through analysis of driving data, is contributing to the rising adoption of telematics-based insurance or UBI. Threats and key players Although the Telematics market is expected to have a positive growth globally, still, there is lack of awareness among individual car owners and resistance about the additional expenditure related to the installation of new devices in old cars or vehicles. Many vehicle owners have concerns regarding their privacy and prefer not to let UBI companies track their daily movements. Often, challenging economic conditions, low internet penetration and poor technology infrastructure in some regions play a major role in restricting telematics penetration. Case in point, most African countries which face various infrastructural and economic challenges. Some of the major players in the telematics market are OCTO Telematics, AirIQ, Mix Telematics, TomTom, Airbiquity Inc., Cisco, GE Healthcare, and Philips Healthcare. What’s covered in the report? 1. Overview of the Global Telematics Market 2. Historical, current and forecasted market size data for Global Automotive Telematics market (Fleet telematics and connected car market), Usage Based Insurance, Infotainment, Healthcare Telematics and Others sectors 3. Historical, current and forecast regional (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) market size data for Global Automotive Telematics, Usage Based Insurance, Infotainment, Healthcare Telematics and Others sectors 4. Analysis of Stakeholders and Technology Ecosystem in telematics for different segments. 5. Qualitative analysis of the major drivers and challenges affecting the Global Telematics Market and Automotive Telematics, Usage Based Insurance, Infotainment, Healthcare Telematics and Others sectors 6. Analysis of the competitive landscape and profiles of major public and private players operating in the market, which include companies who provide vehicle tracking system, telematics device, GPS fleet tracking system 7. Key recent developments in the Automotive Telematics, Usage Based Insurance, Infotainment, Healthcare Telematics and Others sectors 8. Market Trends: Automotive Telematics, Usage Based Insurance, Infotainment, Healthcare Telematics and Others sectors Why buy? 1. Get a broad understanding of the Global Automotive Telematics, Usage Based Insurance, Infotainment, Healthcare Telematics and Others sectors 2. Get Region-specific drivers and challenges affecting the Global Telematics Market and Automotive Telematics, Usage Based Insurance, Infotainment, Healthcare Telematics and Others sectors 3. Devise market-entry strategies by understanding the factors driving the growth of the market 4. Recognize major competitors' business and market dynamics, and respond accordingly 5. Get stakeholder and technology analysis, relevant company profiles and also start-up company profiles Customizations Available With the given market data, Research on Global Markets offers customizations according to specific needs. Write to us at support@researchonindia.com.

Table of Contents

Chapter 1: Executive Summary 1.1 Market Scope and Segmentation 1.2 Key Questions Answered in This Study 1.3 Executive Summary Chapter 2: Introduction: Market Overview 2.1 Market Definition 2.2 Global Market Trends 2.3 Global Market Overview Chapter 3: Automotive Telematics 3.1 Global Market Overview ­ Market Observations ­ Market Trends 3.2 Regional Overview 3.2.1 North America 3.2.1.1 Global Market Overview ­ Market Observations ­ Market Trends 3.2.1.2 Market Influencing Parameters ­ Growth Drivers ­ Challenges ­ Telematics penetration-Major Countries ­ Key Solutions 3.2.2 Europe 3.2.3 Asia Pacific 3.2.4 Latin America 3.2.5 Middle East & Africa (* Same topics covered for other regions) Chapter 4: Usage Based Insurance 4.1 Global Market Overview ­ Market Observations ­ Market Trends 4.2 Regional Overview 4.2.1 North America 4.2.1.1 Global Market Overview ­ Market Observations ­ Market Trends 4.2.1.2 Market Influencing Parameters ­ Growth Drivers ­ Challenges ­ Telematics penetration-Major Countries ­ Key Solutions 4.2.2 Europe 4.2.3 Asia Pacific 4.2.4 Latin America 4.2.5 Middle East & Africa (* Same topics covered for other regions) Chapter 5: Infotainment 5.1 Global Market Overview ­ Market Observations ­ Market Trends 5.2 Regional Overview 5.2.1 North America 5.2.1.1 Global Market Overview ­ Market Observations ­ Market Trends 5.2.1.2 Market Influencing Parameters ­ Growth Drivers ­ Challenges ­ Telematics penetration-Major Countries ­ Key Solutions 5.2.2 Europe 5.2.3 Asia Pacific 5.2.4 Latin America 5.2.5 Middle East & Africa (* Same topics covered for other regions) Chapter 6: Healthcare Telematics 6.1 Global Market Overview ­ Market Observations ­ Market Trends 6.2 Regional Overview 5.2.1 North America 6.2.1.1 Global Market Overview ­ Market Observations ­ Market Trends 6.2.1.2 Market Influencing Parameters ­ Growth Drivers ­ Challenges ­ Telematics penetration-Major Countries ­ Key Solutions 6.2.2 Europe 6.2.3 Asia Pacific 6.2.4 Latin America 6.2.5 Middle East & Africa (* Same topics covered for other regions) Chapter 7: Others 7.1 Global Market Overview ­ Market Observations ­ Market Trends 7.2 Regional Overview 7.2.1 North America 7.2.1.1 Global Market Overview ­ Market Observations ­ Market Trends 7.2.1.2 Market Influencing Parameters ­ Growth Drivers ­ Challenges ­ Telematics penetration-Major Countries ­ Key Solutions 7.2.2 Europe 7.2.3 Asia Pacific 7.2.4 Latin America 7.2.5 Middle East & Africa (* Same topics covered for other regions) Chapter 8: Stakeholders and Technology Analysis 8.1 Automotive 8.1.1 Stakeholder Analysis 8.1.2 Technological Infrastructure 8.2 Usage Base Insurance 8.2.1 Stakeholder Analysis 8.2.2 Technological Infrastructure 8.3 Healthcare 8.3.1 Stakeholder Analysis 8.3.2 Technological Infrastructure Chapter 9: Company Profiles OCTO Telematics ­ Company Snapshot ­ Products/Services ­ Strategic Initiative & Growth Strategies ­ Geographical Presence ­ Management Team ­ Key Numbers ­ Competitors AirIQ Mix Telematics TomTom Ctrack Fleet Board Masternaut GeoTab Wex Telematics AT&T Verizon Toyota Motor Corporation Apple Inc. Google Airbiquity Inc Cisco Allianz AXA GE Healthcare Philips Healthcare (* Same topics covered for other companies) Chapter 10: Start-up Company Profiles OSEVEN Telematics ­ Company Snapshot ­ Funding ­ Products/Services ­ Management Team Zubie Driveway Software InsureApp Telematic.io Lyft CityMile Motion-S Telematik Sentiance BOX telematics Sun Telematics AgoraBee The Floow ekoio Raxel telematics Redtail Telematics Ltd OneM2M GeoSpock Automile (* Same topics covered for other companies) Chapter 11: Conclusion Appendix List of Tables Research Methodology About Netscribes

Methodology

This research report involves complete picture of the market with the help of in-depth secondary and primary research. This research report studies several aspects of the market and analyze vital industry influencers. Extensive secondary research has been conducted using paid as well as open access data sources in order to gather information on the market and parent market. These key findings are then analyzed and validated with the help of in-house data models and primary discussions with key industry participants and experts across the value chain

research-methodology

Research Tools and Models

  • Top-Down Approach and Bottom-Up Approach
  • QFD Modeling for Market Size and Share Calculation
  • Regression, Variable and Impact Analysis
  • Penetration Modeling

Qualitative Research

  • It comprises briefing about market dynamics and business opportunities and strategies.
  • Finally, all the research findings are validated through interviews with in-house industry experts, freelance consultants and key opinion leaders etc.

Quantitative Research

It involves various mathematical tools, models, projection, and sampling techniques. It involves following steps:

  • Identification of market variables and market size derivation
  • Assessment of future prospects, opportunities and market penetration rates by analyzing product commercialization, regional trends etc.
  • Evaluation historical market trends and derivation of present and future year-on-year growth trends

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