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Global Consumer Telematics Market 2016: Industry Review, Insights, Demand and Analysis to 2020 Marketing Articles | July 25, 2016
Global Market Research Report on Consumer Telematics Market 2016 is a professional and in-depth complete study on the current state of the Consumer Telematics worldwide.
Latest industry research report on Consumer telematics are communication technologies and services enabling transfer of large amounts of data in and out of passenger vehicles in real-time. This provides consumers in-vehicle services Wholesale Larry Nance Jr. Jersey , global positioning System (GPS) navigation, traffic information, local search (for example, for petrol pumps gas stations or restaurants) and concierge services. Passenger cars manufactured today offer unique connectivity solutions for better monitoring and tracking. The market is driven by amplified market penetration of smart phones Wholesale Jordan Clarkson Jersey , supportive governmental regulations which call for higher safety and security measures, growing demand for superior driving experience, lowered connectivity cost, and high speed internet technologies such as Long-Term Evolution (LTE).
The Global Consumer Telematics market Wholesale Josh Hart Jersey , is expected to grow during the forecast period, i.e. 2014-2020, with a CAGR of 33.7%. Consumer telematics includes passenger cars. Technology agreements and collaborations are the key strategies adopted by the market players to enhance their market share. Based on type of telematics, the market is segmented into Automotive Original Equipment Manufacturers (OEM) and Aftermarket. The traditional automotive OEM emphases on traffic safety while aftermarket highlights media Wholesale Corey Brewer Jersey , entertainment and other personalized services.
Currently, Aftermarket has a relatively high market share as compared to Automotive OEM. Vehicle manufacturing companies, in alliance with telematics providers can lead to high growth of Automotive OEM segment.
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