Automotive Telematics Market Size worth USD 16.1 billion by 2030
The Automotive Telematics market is projected to grow from USD 9.0 Billion in 2024 to USD 16.1 Billion by 2030 at a CAGR of 10.1% during the forecast period. This growth is mainly driven by the increasing demand for premium and luxury cars, growing concerns regarding safety during breakdowns and accidents, and the rising focus of telematics providers on advanced telematics solutions incorporating...
Commercial Vehicle Telematics Market : Growing Government Mandate for Deploying Vehicle Tracking
The major drivers of the commercial vehicle telematics market include increasing adoption for the Next-Generation Telematics Protocol (NGTP) enhancing the telematics service delivery, proliferation of telematics technology due to decreasing sensor and connectivity cost, growing government mandate for deploying vehicle tracking in commercial vehicles, and rising demand for smartphones supplementing...