Passenger Vehicle Telematics Market Growth at CAGR 23.57% to 2022
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In UBI, insurance companies can calculate the insurance premium for their clients in accordance to the usage rate of the vehicle. The automotive telematics system provides insurance companies a clear idea of a person's driving pattern that was earlier estimated using gender, age, marital status, and experience. The implementation of telematics assisted UBI also assists the customers to lessen their premium rates by adopting safe driving.
Major key players in the global passenger vehicle telematics market: Agero,
According to the passenger vehicle telematics market report, one of the major drivers for this market is OEM push for embedded telematics systems in BRIC nations. Embedded telematics systems market is dominated by developed regions like
Further, the passenger vehicle telematics market report states that one of the major factors hindering the growth of this market is Data security in telematics industry. Previously, most M2M communications used proprietary protocols or private networks for connectivity. However, increasing demand for connectivity has forced the players in the automotive industry to provide internet connectivity in their offerings. The major focus of the service providers is on the functional requirements of telematics devices. As a result, the automotive industry has neglected many non-functional requirements of the system like data security.
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Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Passenger Vehicle Telematics Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition - Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global ? Market Size and Forecast 2017-2022 ($ Billions)
Exhibit 9: Global ? Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2017
Exhibit 18: Fitment ? Market Share 2017-2022 (%)
Exhibit 19: Comparison by Fitment
Exhibit 20: Smartphone Integration ? Market Size and Forecast 2017-2022 ($ Billions)
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