Automotive Telematics Market: Size, Share, Growth Drivers, Trends & Challenges
According to Goldstein Research global automotive telematics market report; about 28% of new car customers prioritize car connectivity features over other conventional car features such as engine power or fuel efficiency, and 13%in developed countries would not even buy a car that is not connected to the internet today.“Global Automotive Telematics Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
According to Goldstein Research global automotive telematics market report; about 28% of new car customers prioritize car connectivity features over other conventional car features such as engine power or fuel efficiency, and 13%in developed countries would not even buy a car that is not connected to the internet today.“Global Automotive Telematics Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
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7.2. North America <strong>Automotive</strong> <strong>Telematics</strong> <strong>Market</strong> Attractiveness and BPS<br />
Analysis - By Country, 2016-2024<br />
Fig: 7-5 North America <strong>Automotive</strong> <strong>Telematics</strong> <strong>Market</strong> Attractiveness-By<br />
Country, 2016-2024<br />
Fig: 7-6 North America <strong>Automotive</strong> <strong>Telematics</strong> <strong>Market</strong> BPS Analysis- By<br />
Country, 2016-2024<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
Download<br />
XX%<br />
Full Sample<br />
Report<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX XX XX XX XX XX XX<br />
XX%<br />
2016 2024<br />
Source: Goldstein Research<br />
US<br />
Canada<br />
US<br />
Source: Goldstein Research<br />
• US OEM telematics unit sales or total connected vehicle sales within this country are forecast to grow from nearly<br />
XX million units in 2016 to just over XX million units in 2024 for a CAGR of over XX%. On a country-wide scale, this<br />
means by 2017 more than XX% of vehicles will be connected. By 2024, this percentage will rise to over XX%,<br />
meaning nearly every new car in the United States will be connected. By 2025, the biggest market for embedded<br />
telematics is forecast to be China, led by an overall intensive growth within the car market and an expected<br />
aggressive government strategy towards telematics in the car.<br />
• Embedded device telematics currently boast a take rate of nearly XX% and are expected to reach almost XX% by<br />
the end of the forecast period. At that point, OEM hybrid telematics will also have surpassed XX% because most<br />
vehicles are expected to feature an embedded and a mobile-based solution to keep drivers connected on the go.<br />
The reliance on only one type of solution, embedded vs. Integrated device telematics, is no longer sustainable at<br />
that point and most OEMs will follow the trend of offering both types of connections.<br />
Canada
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