Global Automotive Telematics Market: Increasing Demand for Telematics Solutions in Passenger Vehicles to Aid Growth 2025
With the top four players accounting for a cumulative share of just over 38% in 2016, the global automotive telematics market exhibits a highly fragmented vendor landscape. The leading companies are Agero, Inc., Airbiquity, Inc., TomTom International B.V., and I.D. Systems, Inc. In order to gain competitive edge, a majority of companies operating in the global automotive telematics market are focusing on product innovation. Besides this, the investment in technological developments has increased, with the leading market players seeking to emerge at the fore, finds Transparency Market Research (TMR) in a new study. Global Automotive Telematics Market: Snapshot Recent innovations in automotive telematics have greatly pumped up their demand. Considering this, technological applications of telematics solutions in vehicles have completely transitioned over the years. Various factors are steering this paradigm shift. For instance, the present generation of automobile buye...