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
5.2.2 By Service
126.96.36.199 Safety and security
188.8.131.52 Infotainment and navigation
184.108.40.206 Remote diagnostics
220.127.116.11 Fleet/asset management
18.104.22.168 Insurance telematics
5.2.3 By Channel
5.2.4 By Vehicle Type
22.214.171.124 Passenger car
126.96.36.199 Commercial vehicle
188.8.131.52 Construction machines
5.2.5 By Verticals
184.108.40.206 Transportation and logistics
220.127.116.11 Government and utilities
18.104.22.168 Travel and tourism
22.214.171.124 Media and entertainment
5.2.6 By Offerings
5.3 Value Chain Analysis
5.4 Market Dynamics
126.96.36.199 Increasing number of partnership and collaborations
188.8.131.52 Rising application of telematics solutions in off-highway vehicles
184.108.40.206 Rising demand for improved safety features in vehicles
220.127.116.11 Existence of supportive government regulations
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Threat of cyberattack and data breach
126.96.36.199 Increase in vehicle price
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Introduction of autonomous vehicles
220.127.116.11 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
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)
11.14 BigChange Group Limited
11.15 Loqus Holdings p.l.c.
For more information about this report visit https://www.researchandmarkets.com/r/71nlrl
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