Dublin, Jan. 27, 2021 (GLOBE NEWSWIRE) -- The "Europe Automotive Telematics Market Research Report: By Product Type, Service, Channel, Vehicle Type, Verticals, Offerings - Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The European automotive telematics market attained a value of $7,340.3 million in 2019 and is predicted to advance at a CAGR of 16.1% between 2020 and 2030. Furthermore, the market would generate a revenue of $37,249.8 million in 2030.
The burgeoning requirement for advanced safety features in automobiles and the increasing implementation of supportive government policies are the main factors fueling the expansion of the market.
The rising prevalence of road accidents is the biggest factor responsible for the increasing requirement for enhanced safety features and systems in vehicles. Human error is one of the leading causes of road crashes and casualties in Europe and the rest of the world. According to the Community database on Accidents on the Roads in Europe published in 2018, in the European Union (EU) member countries, 25,600 people lost their lives in road accidents in 2016.
Based on service, the European automotive telematics market is divided into infotainment and navigation, safety and security, remote diagnostics, insurance telematics, fleet/asset management, and vehicle-to-everything (V2X). Out of these, the safety and security category is predicted to demonstrate the highest growth rate in the market, in terms of value, in the future years. The market recorded the highest growth in Germany in the years gone by and this trend is likely to continue in the upcoming years as well.
Hence, it can be said with full surety that the market would exhibit substantial growth in the upcoming years, mainly because of the rising requirement for advanced safety features and systems in automobiles and the growing enactment of favorable government policies and regulations regarding the integration of advanced safety features in vehicles in the region.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study
2.7 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
4.1 Increasing Adoption of Connected Cars
4.2 Increasing Adoption of Electric Vehicles
4.3 Increasing Sales of Construction Equipment
4.4 Growth Recovery of Passenger Cars and Commercial Vehicles Sales
Chapter 5. Introduction
5.1 Voice of Industry Experts/KOLs
5.2 Definition of Market Segments
5.2.1 By Product Type
5.2.1.1 Embedded
5.2.1.2 Tethered
5.2.1.3 Integrated
5.2.2 By Service
5.2.2.1 Safety and security
5.2.2.2 Infotainment and navigation
5.2.2.3 Remote diagnostics
5.2.2.4 Fleet/asset management
5.2.2.5 Insurance telematics
5.2.2.6 V2X
5.2.2.7 Others
5.2.3 By Channel
5.2.3.1 OEMs
5.2.3.2 Aftermarket
5.2.4 By Vehicle Type
5.2.4.1 Two-wheeler
5.2.4.2 Passenger car
5.2.4.3 Commercial vehicle
5.2.4.4 Construction machines
5.2.5 By Verticals
5.2.5.1 Transportation and logistics
5.2.5.2 Government and utilities
5.2.5.3 Travel and tourism
5.2.5.4 Construction
5.2.5.5 Education
5.2.5.6 Healthcare
5.2.5.7 Media and entertainment
5.2.5.8 Others
5.2.6 By Offerings
5.2.6.1 Hardware
5.2.6.2 Software
5.2.6.3 Services
5.3 Value Chain Analysis
5.4 Market Dynamics
5.4.1 Trends
5.4.1.1 Increasing number of partnership and collaborations
5.4.1.2 Rising application of telematics solutions in off-highway vehicles
5.4.2 Drivers
5.4.2.1 Rising demand for improved safety features in vehicles
5.4.2.2 Existence of supportive government regulations
5.4.2.3 Impact analysis of drivers on market forecast
5.4.3 Restraints
5.4.3.1 Threat of cyberattack and data breach
5.4.3.2 Increase in vehicle price
5.4.3.3 Impact analysis of restraints on market forecast
5.4.4 Opportunities
5.4.4.1 Introduction of autonomous vehicles
5.4.4.2 Shift toward 5G technology from 4G LTE
5.5 Porter's Five Forces Analysis
5.5.1 Bargaining Power of Buyers
5.5.2 Bargaining Power of Suppliers
5.5.3 Intensity of Rivalry
5.5.4 Threat of New Entrants
5.5.5 Threat of Substitutes
Chapter 6. Impact of COVID-19 on the Market
Chapter 7. Regulatory Landscape
7.1 Europe
Chapter 8. Europe Market Size and Forecast
8.1 By Product Type
8.2 By Service
8.3 By Channel
8.4 By Vehicle Type
8.5 By Verticals
8.6 By Offerings
8.7 By Country
Chapter 9. Competitive Landscape
9.1 List of Players Offerings Telematics Solution
9.1.1 Small Players
9.1.2 Mid-Sized Players
9.1.3 Major players
9.2 Competitive Benchmarking of Key Players
9.3 Product Benchmarking of Key Players
9.4 Recent Strategic Developments
Chapter 10. Company Profile of Major Players
10.1 Robert Bosch GmbH
10.2 Valeo SA
10.3 Continental AG
10.4 MiX Telematics Ltd.
10.5 Verizon Communications Inc.
Chapter 11. Company Profile of Small and Medium-Size Players
11.1 AREALCONTROL GmbH
11.2 FleetGO Group Ltd.
11.3 MAC & NIL srl
11.4 frameLOGIC PL
11.5 Emixis SA
11.6 ICOM Ltd. (Viasat Technology)
11.7 iData Kft.
11.8 CVS Mobile Inc.
11.9 Mireo d.d.
11.10 Movildata Internacional SLU
11.11 Axtech AB (redKnows)
11.12 SafeFleet
11.13 Transpoco
11.14 BigChange Group Limited
11.15 Loqus Holdings p.l.c.
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