Global Automotive Smartphone Enabled Telematics Market 2019-2023

  • Published: Nov 2018
  • Pages: 128
  • SKU: IRTNTR30256
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Technavio’s market research analysts have predicted that the automotive smartphone enabled telematics market will register a CAGR of close to 28% by 2023. This industry research report presents a detailed analysis of the automotive smartphone enabled telematics market by the following applications by type: smartphone integrated telematics and app-based telematics. The report also presents an analysis of the market’s growth across the Americas, APAC, and EMEA.

Global Smartphone Enabled Telematics Industry Overview

The Regulations play critical roles in the adoption of insurance in the automotive segment. Regulations mandating motor insurance are becoming crucial drivers for the rise in UBI adoption. Besides, app-based UBI is becoming highly popular in the automotive UBI market as developing apps is more cost-effective than OBU-based UBI solutions. App-based UBI will facilitate significant cost savings in terms of hardware development through third-party vendors. As modern smartphones have all the required built-in sensors that can track driving behavior effectively, app-based UBI is seen as a crucial platform for insurance providers. UBI allows insurers to create a risk profile for individual customers based on real-time driving behavior tracked by an onboard unit or smartphone. As UBI benefits both insurer and driver, its consumption is increasing continually in developed regions such as Europe and North America. Thus, fleet operators will be benefitted significantly by adopting UBI as premiums will get markedly reduced when safe driving behavior becomes the norm. Thus, the increase in adoption of app-based UBI will drive the automotive smartphone enabled telematics market growth during the forecast period.

 

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Companies covered

The automotive smartphone enabled telematics market is fragmented since the market has a number of companies. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive smartphone enabled telematics industry analysis report will aid clients identify new growth opportunities and design new growth strategies.  

The report offers a complete analysis of automotive smartphone enabled telematics manufacturers including:

  • Agero
  • Airbiquity
  • Continental
  • Omnitracs
  • Trimble
  • Verizon

Automotive smartphone enabled telematics market growth based on geographic region:

  • Americas
  • APAC
  • EMEA

With a complete study of the growth opportunities for the companies across the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the Americas will contribute to the maximum growth of this automotive smartphone enabled telematics market throughout the predicted period. The high adoption of telematics services can be attributed to a robust connected-vehicles ecosystem.

Automotive smartphone enabled telematics market growth based on type

  • Smartphone integrated telematics
  • App-based telematics

According to our market research experts, the smartphone integrated telematics segment will account for the highest share and growth in the market. The report also provides an accurate prediction of the contribution of the various application segments to the growth of the automotive smartphone enabled telematics market size.

 

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Key highlights of the global automotive smartphone enabled telematics market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the automotive smartphone enabled telematics market during the next five years
  • Precise estimation of the global automotive smartphone enabled telematics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Growth of the automotive smartphone enabled telematics industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive information about factors that will challenge the growth of automotive smartphone enabled telematics companies

 

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global automotive smartphone enabled telematics market and its stakeholders over the forecast years. The global automotive smartphone enabled telematics market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact automotive smartphone enabled telematics market size till 2023.

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Smartphone integrated telematics - Market size and forecast 2018-2023
  • App-based telematics - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: TRENDS

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Agero
  • Airbiquity
  • Continental
  • Omnitracs
  • Trimble
  • Verizon

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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