Automotive Telematics Market Size And Forecast
According to Verified Market Research, Global Automotive Telematics Market was valued at USD 22.20 Billion in 2018 and is projected to reach USD 68.77 Billion by 2026, growing at a CAGR of 15.10% from 2019 to 2026.
What is Automotive Telematics?
Telematics involves the method of monitoring the vehicle. The Automotive Telematics is the technology which integrates the vehicular informatics with the communication technology to achieve the security and management solutions. It is used to enhance road safety, road transportation, multimedia and internet applications in the infotainment system. It is widely applicable in the automotive industry to evaluate the telematics value in the connected cars to serve the purpose of an individual or business point of view.
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Global Automotive Telematics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of