Global Electric Vehicle Telematics Market 2018-2022

Overview of the global electric vehicle telematics market

Government bodies globally, are upgrading emission standards to reduce the amount of pollution caused by the large number of vehicles. Also, the rising sales of vehicles are extensively degrading the quality of air. This is encouraging the automotive manufacturers to develop non-polluting green vehicles that will diminish the GHG levels in the atmosphere. Technavio’s electric vehicle telematics market research report identifies the stringent emission regulations imposed by governing bodies to be one of the primary factors for the electric vehicle telematics market growth. Green vehicles run on alternative fuel sources such as hybrid energy, electricity, and other power sources like biofuels, solar or wind energy. Electric vehicle manufacturers are also focusing on developing Zero emission vehicles (ZEVs) or near-zero emission vehicles to reduce the causes of global warming. Our electric vehicle telematics market forecast estimates that the electric vehicle telematics market will grow at an impressive CAGR of more than 44% by 2022.

Electric vehicle manufacturers are developing multiple types of power sources for efficiently powering the internal components without impacting the travelling range. These manufacturers are developing various batteries that reduces the overall weight of a vehicle, increases charge-carrying capacity, and recharges in minimal time. Electric vehicle manufactures are focused on developing battery technologies such as metal-air batteries, lithium-sulfur batteries, and aluminum-ion batteries. The growing development of multiple battery types for powering electric vehicle telematics will drive the electric vehicle telematics market growth throughout the forecast period.

What's your takeaway?

Technavio's industry research report on the global electric vehicle telematics market 2018-2022 will help you-

• Identify latent opportunities and explorative solutions in the electric vehicle telematics market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Companies covered

The electric vehicle telematics market is concentrated owing to the presence of few vendors. This market research report offers information about the competitive landscape among the telematics companies and also provides details about their product portfolio. To help clients sustain the competition and improve their revenue shares, Technavio’s market research report also suggests areas that the companies in the electric vehicle telematics market should focus on and the strategies they should adopt.

Some of the companies covered in this report are –

• Agero
• Airbiquity
• Bosch
• Continental
• Trimble
• TomTom International

Segmentation by application and analysis of the electric vehicle telematics market

• Passenger car
• Commercial vehicle

Based on application, the passenger car segment will account for major shares in the vehicle telematics system market throughout the forecast period. The rising demand for passenger cars will boost the growth of this industry segment till the end of 2022.

Geographical segmentation and analysis of the electric vehicle telematics market

• Americas
• APAC
• EMEA

APAC will be the major revenue contributor to the vehicle telematics system market till the end of 2022. The high demand for passenger cars and the growing preference towards the adoption of vehicle telematics, will drive the growth of the electric vehicle telematics market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global electric vehicle telematics market?
• What are the key market trends impacting the growth of the global electric vehicle telematics market?
• What are the challenges to market growth?
• Who are the key vendors in the global electric vehicle telematics market?
• What are the market opportunities and threats faced by the vendors in the global electric vehicle telematics market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global electric vehicle telematics market?

Technavio also offers customization on reports based on specific client requirement.