Automotive Telematics Market to Reach $170.43 Billion By 2030

 

The global Automotive Telematics Market size is expected to reach USD 170.43 billion by 2030 with a CAGR growth of 16.6% over the forecasted period, according to a new report by Grand View Research, Inc. Increasing emphasis on improving the fuel efficiency, improvement in tracking vehicle location & speed and, rising focus on the passenger safety & experience are factors driving the growth of the market.

Besides, the increasing government emphasis on the development of safer and smarter infrastructure by improving internet connectivity is expected to propel the growth of the market during the forecast period. For instance, in 2016 Russian government mandated the implementation of the emergency call-built system in the locally built and sold vehicles in the country, the law has similar standards based in Europe.

Increasing integration of the real-time fleet management and monitoring system by the OEM is driving the demand for automotive telematics systems in the market. For instance, In August 2022, Lighting eMotors launched Lighting Insights, it is an extension of the existing telematics system to manage and monitor the lighting fleet assets in real-time. The telematics system monitors the state of charge, vehicle efficiency, location, charge time scheduling, driving hours, payment method, load management, and others.

The cybersecurity of the automotive telematics system is one of the major concerns for automobile manufacturers in the market. The telematics systems software is connected through Wi-Fi, and Bluetooth in the vehicle. The real-time data procured through these softwares have a high possibility of tampering during cyber-attacks. Thus, to overcome these challenges key players such as Lighting eMotorf automotive telematics is offering encrypted 4G connection for real-time monitoring of the real-time analytics models.

Increasing integration of the automotive telematics system in the vehicle to track driver behavior and tendencies has benefited the insurance companies at large.

As, the data collected through the car telematics system is used for determining the policy cost of the vehicle, and their insurance premium. Thus, the rising demand for vehicle data collection through telematics devices by the insurance sector is expected to create new growth opportunities for the market.

List of Key players in the Automotive Telematics Market

• Ford Motor Company
• Toyota Motor Corporation
• Mercedes-Benz AG
• Volkswagen AG
• General Motors Company
• BMW Motors
• AB Volvo
• Hyundai Motor Company
• Tata Motors
• Nissan Motor Co., Ltd.

Related Press Release@ Automotive Telematics Market Report

Automotive Telematics Market Report Highlights

• The market for automotive telematics is valued at USD 49.85 billion in 2022 and is projected to witness considerable growth during the forecast period
• The rising use of cloud-based technology and increase implementation of the real-time fleet management system in vehicles is driving the market
• The government’s initiatives to boost cellular network service and connectivity infrastructure in the emerging economies of the world is expected to create new growth opportunities for the market
• North America region is expected to witness significant growth in the market; the growth of the region is attributed to government mandates to implement a security system
• Increasing automobile manufacturers’ focus on developing telematics systems compatible with all vehicle models regardless of the automaker is propelling the growth of the market

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Automotive Telematics Market Segmentation

Grand View Research has segmented the global automotive telematics market based on technology type, solution type, vehicle type, sales channel, application type, and region:

Automotive Telematics Technology Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Embedded
• Tethered
• Integrated

Automotive Telematics Solution Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Component
• Service

Automotive Telematics Vehicle Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Passenger
• Commercial

Automotive Telematics Sales Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• OEM
• Aftermarket

Automotive Telematics Application Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Information & Navigation
• Safety & Security
• Fleet Management
• Insurance Telematics
• Others

Automotive Telematics Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East and Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Telecom Analytics Market by Adobe Systems Incorporated; Alteryx, Inc.; Cisco Systems, Inc.; Dell EMC; Hewlett Packard Enterprise Development LP

 

The global Telecom Analytics Market size is projected to reach USD 10.7 billion by 2027, expanding at a CAGR of 14.5% during the forecast period, according to a study conducted by Grand View Research, Inc. Telecom analytics offers business intelligence solutions to the evolving telecommunications sector and also aids in identifying the present situation of the company with respect to its market opposition by identifying progressive trends and predicted parameters.

Increasing use of descriptive and diagnostic analytics to enhance business functions is one of the major factors fueling the growth of the market globally. Big data has become a ubiquitous part of telecom industry because of the huge amount of data being generated every minute through the connected world. About 2.5 quintillion bytes of data is created every day. The enhanced networks coupled with the proliferation of smart devices has facilitated the telecom operators to gain access to a multitude of information about their customers’ preferences and behavior. This, in turn is expected to bolster market growth over the forecast period.

Telecom analytics possesses an ability to formulate strategies associated with cross-sell and up-sell and service and solution plans, thereby helping companies in the sector to obtain value from network resources. In addition, systematic computational analysis of data in the industry is also being leveraged to discover new routes of innovation and build better investor relations. Additionally, systematic computational analysis of data in the telecom industry brings importance in decision making, provides more accurate and actionable insights, ensures competitive benefits to the companies involved, and enable them to plan more efficient cost structure. A massive amount of unstructured data is formed from connected and communication devices, and social media. When this data is converted into a structured data, telecom service providers take out insights about their customer preferences and choices which in turn help them to figure out a customer profile and produce more targeted offers. 

Accordingly, the ability of enterprises to capitalize on the potential of systematic computational analysis of data for the industry is expected to drive the growth of the market. While data analytics companies are experiencing growth, there is a massive shortage of talent. The telecom industry requires skilled data scientists who can understand the technology as well as the business objective of a telecom operator. Data scientists and analytics experts are highly in demand. Hiring new experts or training the existing workforce can cost the organization considerably, and the process of acquiring skills related to systematic computational analysis of data takes significant amount of time, which thereby pose a huge challenge. As a result, this very reason is one of the major factors expected to hinder the growth of the market during the forecast period.

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Telecom Analytics Market Report Highlights

• The cloud segment is expected to witness a CAGR exceeding 15.0% over the forecast period. Owing to low investment cost, scalability, and agility offered by cloud deployment model, the segment is expected to witness significant growth
• The solution accounted for over 65.0% of the global market share in 2019, and the segment is expected to witness considerable growth over the coming years. Moreover, the segment is anticipated to continue its dominance as the fastest growing segment during the forecast period
• Asia Pacific region is expected to grow at a fastest pace expanding at a CAGR exceeding 15.0% over the forecast period, which is accredited to the increasing investments in advanced technologies such as IoT and Big Data in the developing countries including India, and China.

List of Key players of Telecom Analytics Market

• Adobe Systems Incorporated
• Alteryx, Inc. 
• Cisco Systems, Inc.
• Dell EMC
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co., Ltd.
• International Business Machines Corporation
• Microsoft Corporation
• MicroStrategy Incorporated
• OpenText Corporation
• Oracle Corporation
• Panaroma
• SAP SE
• SAS Institute Inc.
• Sisense Inc. 
• Subex Limited
• Tableau Software 
• Teradata Corporation
• TIBCO Software Inc. 
• Wipro Limited

Related Press Release@ Telecom Analytics Market Report

Telecom Analytics Market Segmentation

Grand View Research has segmented the global telecom analytics market on the basis of component, deployment model, application, organization size, and region:

Telecom Analytics Component Outlook (Revenue, USD Million, 2016 - 2027)

• Solutions
• Network Analytics
• Customer Analytics
• Subscriber Analytics
• Location Analytics
• Price Analytics
• Service Analytics
• Others
• Services

Telecom Analytics Application Outlook (Revenue, USD Million, 2016 - 2027)

• Customer Management
• Sales and Marketing Management
• Network Management
• Risk and Compliance Management
• Workforce Management
• Others

Telecom Analytics Deployment Model Outlook (Revenue, USD Million, 2016 - 2027)

• On-premise
• Cloud

Telecom Analytics Organization Size Outlook (Revenue, USD Million, 2016 - 2027)

• Small and Mid-sized Enterprises
• Large Enterprises   

Telecom Analytics Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Millimeter Wave Technology Market – Industry Insights by Application

 

The global Millimeter Wave Technology Market size is expected to reach USD 38.55 billion by 2030, registering a CAGR of 39.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Millimeter waves are radio frequencies operating in the electromagnetic spectrum of 30 GHz to 300GHz, also known as Extremely High-Frequency (EHF) range. As millimeter waves can transmit large amounts of data with greater efficiency, they hold a significant application across the telecommunication industry.

Fiber-optic cables are one of the best transmission mediums used extensively for data transmission. However, the fiber optics technology is extremely costly, and the network is highly tedious to install, posing the millimeter wave technology as an appealing alternative for the fiber optics medium. Millimeter wave technology is becoming more affordable in high-intensity data transfer applications, thus driving the market’s growth.

The millimeter wave technology market is highly consolidated regarding applications and components, where it is extensively used. The primary application areas of the technology include telecommunication, military & defense, medical, and security services. The advancements in the telecom industry are leading to the evolution of next-generation technologies such as 5G, which is creating significant growth opportunities for the millimeter wave technology market.

Owing to the demand for higher bandwidths in fifth-generation technology, millimeter waves are expected to play a prominent role in developing 5G technology. As the market is experiencing a shift toward adopting fifth-generation technology, the millimeter wave technology market is thus anticipated to grow significantly during the forecast period.

However, only a limited number of devices currently support MMW technology, which may limit its adoption and market potential in the short term. Additionally, deploying MMW technology requires regulatory approval and licensing, which can be a time-consuming and costly process in some regions. Moreover, the implementation cost of MMW technology is relatively high due to the need for specialized equipment and infrastructure, which makes it less accessible and affordable for some markets. However, the market is anticipated to overcome these short-term challenges and witness long-term growth over the forecast period.

Related Press Release@ Millimeter Wave Technology Market Report

Millimeter Wave Technology Market Report Highlights

• The imaging and scanning systems segment is anticipated to grow significantly over the forecast period. The segment's growth can be attributed to the increasing focus of governments and international security authorities on curbing down global threats and leveraging imaging & scanning systems to do so
• The amplifiers segment is anticipated to witness significant growth over the forecast period. The need for increased bandwidth, higher data rates in wireless communication systems, and the growing demand for high-speed and low-latency connectivity in emerging applications such as 5G networks, autonomous vehicles, and the Internet of Things (IoT) are contributing to the segment's growth
• The V band segment is anticipated to grow significantly over the forecast period. As the demand for high-bandwidth applications continues to grow, the V band is expected to play an increasingly critical role in enabling seamless connectivity for businesses and consumers, thus driving the segment's growth
• The security segment is anticipated to witness significant growth over the forecast period. The increasing demand for MMW scanners for security purposes is expected to boost the MMW technology market. The emerging markets of the Asia Pacific and, South America & MEA regions are expected to be the potential markets capable of offering substantial growth opportunities for the technology, owing to the increasing awareness of security measures
• Asia Pacific is anticipated to register significant growth over the forecast period. The Asia Pacific region's large population and growing adoption of connected devices and applications create significant opportunities for MMW technology in areas such as IoT, autonomous vehicles, and healthcare. Overall, the Asia Pacific region's favorable market conditions are expected to drive significant growth in the MMW technology market over the forecast period

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Millimeter Wave Technology Market Segmentation

Grand View Research has segmented the global millimeter wave technology market based on product, component, frequency band, application, and region:

Millimeter Wave Technology Market Segmentation

Grand View Research has segmented the millimeter wave technology market based on product, component, application, frequency band, and region:

Millimeter Wave Technology Product Outlook (Revenue, USD Million, 2017 - 2030)

• Telecommunication Equipment
• Imaging & Scanning Systems
• Radar & Satellite Communication Systems

Millimeter Wave Technology Component Outlook (Revenue, USD Million, 2017 - 2030)

• Antennas & Transceivers
• Amplifiers
• Oscillators
• Control Devices
• Frequency Converters
• Passive Components
• Others

Millimeter Wave Technology Application Outlook (Revenue, USD Million, 2017 - 2030)

• Telecommunications
• Military & Defense
• Automotive & Transport
• Healthcare
• Electronics & Semiconductor
• Security

Millimeter Wave Technology Frequency Band Outlook (Revenue, USD Million, 2017 - 2030)

• V-Band
• E-Band
• Other Frequency Bands

Millimeter Wave Technology Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• South America
• Brazil
• Middle East & Africa
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Automotive Connectors Market: Industry Demand, Analysis and Future Trends 2025

The global Automotive Connectors Market size is anticipated to reach USD 28.25 billion by 2025 at a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for connectivity, convenience, and safety features in vehicles is anticipated to boost market growth. Moreover, growing demand for plug-in hybrid as well as electric vehicles is expected to stimulate market growth over the forecast period.

By product, the other connectors segment emerged as dominant in the automotive connectors market with an estimated share of over 74.0% in 2017. The segment includes a wide variety of connector products such as heavy-duty, terminal blocks, power/high voltage, and application-specific connectors. Rising vehicle electrification owing to stringent emission norms has led to higher penetration of electronic content per vehicle. The automotive industry is undergoing a transition phase, with the introduction of driverless cars. Development of autonomous vehicles has boosted research and development initiatives. Furthermore, growing demand for vehicular communication is expected to proliferate the market.

Wire to wire is the most significant connectivity type for automotive connectors, owing to increasing vehicle electrification. Usage of wires and cables in automotive electronics has grown steadily over the last decade, owing to introduction of new features and rise in vehicle sales. The wire to wire connectors segment is expected grow over the forecast period with rising implementation of convenience systems such as start-stop system, power steering, and park assist.

The commercial vehicle segment is likely to register a CAGR of 8.1% from 2018 to 2025. Growth can be attributed to increasing penetration of Advanced Driver Assistant Systems (ADAS) features in commercial vehicles. For instance, the European Union has made the inclusion of ADAS features such as lane departure warning signal and autonomous breaking mandatory in heavy commercial vehicles by 2020.

Navigation is anticipated to emerge as the largest application segment for automotive connectors. Segment growth can be attributed to rise in adoption of advanced infotainment devices in vehicles as they offer user-friendly and accurate navigational and other entertainment features. The safety and security application segment is expected to account for share of over 26.0% by 2025.

Related Press Release@ Automotive Connectors Market Report

Automotive Connectors Market Report Highlights

• The global automotive connectors market was valued at USD 15.58 billion in 2017 and is expected to exhibit a CAGR of 7.4% from 2018 to 2025
• Fiber optic connectors emerged as the fastest growing product segment, expanding at a CAGR of 10.6% over the forecast period
• The wire to board connector segment is expected to register a CAGR of 6.3% through 2025
• Asia Pacific is anticipated to emerge as the most promising market for automotive connectors by 2025, owing to increasing vehicle electrification in the region
• Key players such as YAZAKI Corporation, TE Connectivity, Sumitomo Corporation, and Delphi Technologies dominated the global automotive connectors market while accounting for the majority revenue share in 2017

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Automotive Connectors Market Segmentation

Grand View Research has segmented the global automotive connectors market on the basis of product, connectivity, vehicle type, application, and region:

Automotive Connectors Product Outlook (Revenue, USD Million, 2015 - 2025)

• PCB
• IC
• RF
• Fiber Optic
• Other

Automotive Connectors Connectivity Outlook (Revenue, USD Million, 2015 - 2025)

• Wire to Wire
• Wire to Board
• Others

Automotive Connectors Vehicle Type Outlook (Revenue, USD Million, 2015 - 2025)

• Passenger Car
• Commercial Vehicle

Automotive Connectors Application Outlook (Revenue, USD Million, 2015 - 2025)

• CCE
• Powertrain
• Safety & Security
• Body Wiring & Power Distribution
• Navigation & Instrumentation

Automotive Connectors Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Sweden
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Kingdom of Saudi Arabia
• United Arab Emirates

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com