Automotive Telematics Market Top key Players – Verizon Connect, Harman International, Omnitracs, Mix Telematics, Cartrack, Masternaut Ltd., Pioneer

Telecommunication and informatics are two words that describe telematics. It covers a wide range of topics, including GPS and navigation systems, wireless data connection, remote unlocking, and fleet tracking, to name a few.

 

The majority of telematics technology is now being used in smart car manufacturing to monitor location, vehicle or fleet behaviour, remote control access, integrated hands-free cell phone, Advanced Driving Assistance Systems (ADAS), and many other functions.

 

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RECENT AUTOMOTIVE TELEMATICS MARKET TREND

The worldwide automotive telematics market was valued at $XX billion in 2020, and it is predicted to increase at a CAGR of XX percent over the seven-year period from 2021 to 2026. This expansion is the result of major investments in software telematics and rising smartphone usage.

  • As of July 2021, Cerence Inc. (NASDAQ-CRNC) announced partnership with Harman to introduce voice-enabled third party apps in the Harman Ignite store which can offer secure and hands-free access.
  • Harman, a subsidiary of Samsung Electronics has introduced a new Harman Turbo connect (TBOT) feature that mitigates and anticipates vehicle connection discrepancies complemented by antenna and 5G ready TCU capabilities.
  • Harman in collaboration with Hyundai Motor Company launched the world’s first of the kind road noise cancellation system for production by the end of 2020 to be used in future vehicles.

 

AUTOMOTIVE TELEMATICS MARKET COMPETITIVE LANDSCAPE

Solera Holdings Inc. has announced the $15 billion acquisition of three companies, Omnitracs, Dealer Socket, and eDriving, as of June 2021. With its development into the data management and automotive industries, the firm has established itself as a global leader in technology and data intelligence.

 

GM has teamed with LexisNexis Risk Solutions, a provider of analytics, data, and technology, to incorporate its Telematics exchange function, which enables a device-agnostic telematics environment for sharing connected car data with insurance providers that has been approved by consumers.

 

Wejo, a vehicle data firm based in the United Kingdom, and Waycare have teamed up to develop an AI cloud-based traffic control solution. They’ve made the integration available in 20 different locations across the United States. The programme anticipates and alerts users about traffic jams, traffic stops, and shorter ETA travel routes.

 

AUTOMOTIVE TELEMATICS MARKET KEY PLAYERS

  • Verizon Connect
  • Harman International
  • Omnitracs
  • Mix Telematics
  • Cartrack
  • Masternaut Ltd.
  • Pioneer

 

Read More Information: https://mobilityforesights.com/product/automotive-telematics-market/

 

 

Related Links:

Electric Vehicle Telematics Market: https://mobilityforesights.com/product/electric-vehicle-telematics-market/

 

Commercial Telematics Market: https://mobilityforesights.com/product/commercial-telematics-market/

 

Commercial Vehicle Telematics Market: https://mobilityforesights.com/product/commercial-vehicle-telematics-market/

 

 

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