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Automotive Electric Vehicle Telematics Market to Exhibit an Astonishing CAGR of 32.3%; Rising Investment in Research & Development to Fuel Growth: Fortune Business Insights

Top Trends in Electric Vehicle Telematics Market Size 2020 - Global Industry Revenue and Upcoming Demand

The global automotive electric vehicle telematics market size is likely to gain momentum from rising government regulations to reduce the emission of carbon dioxide in the atmosphere. This information is published in a recent study by Fortune Business Insights, titled, “Global Automotive Electric Vehicle Telematics Market Size, Share & Industry Analysis, By Type (embedded, retrofitted), By Market (OEMs, aftermarket), By Service (safety & security, entertainment, information & navigation, diagnostics, others), and Regional Forecasts, 2019-2026” The study analyzes and identifies the current and upcoming opportunities in the market by examining the biggest and the fastest growing segments across various regions. It offers in-depth information regarding the global Automotive Electric Vehicle Telematics Market trends, technological advancements, GDP, cost of the products, growing innovations, population size, and growth drivers.

Several countries are adopting technologically advanced telematics because they increase the efficiency of the vehicle and prevent the charge of the battery from reducing. These factors are anticipated to boost the Automotive Electric Vehicle Telematics Market growth during the forecast period.

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High Demand for Technologically Advanced Telematics to Drive Market Growth.

Furthermore, driving has become safer due to several advancements in telematics. It not only detects the location and route of the vehicle but also examines the user’s driving behavior. Additionally, it keeps track of the vehicle and notifies the driver if there is any requirement of maintenance to prevent the possible collisions. That is why, the demand for technologically advanced electric vehicle telematics is increasing day by day.

According to the company, the solution is very significant for controlling in-lane positioning. The latest solution will propel the rapid adoption of emergency services applications and road-level navigation. Combined with these, it will help in satisfying all the requirements for creating autonomous driving solutions as well as advanced driver assistance systems (ADAS).

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List of the best players operating in automotive electric vehicle telematic market;

  • Trimble, Inc.
  • TomTom International B.V.
  • Robert Bosch GmbH
  • Continental A.G.
  • Airbiquity, Inc.
  • Agero, Inc.

Rising Research & Development Activities by Key Players to Favor Growth in Asia Pacific

Geographically, the Automotive Electric Vehicle Telematic Market is categorized into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Out of these regions, Asia Pacific is expected to exhibit a notable growth. It is likely to happen as China is one of the leading countries for electric vehicle telematic. Besides, the major market players present in this region are persistently investing huge sums in research and development activities to bring in the technological development of telematics applications. They are also striving to raise the sales and production of passenger vehicles across the Asia Pacific. All these factors together are projected to increase the Automotive Electric Vehicle Telematic Market share in this region.

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Trimble Inc. Collaborates with Qualcomm Technologies to Develop Highly Accurate Positioning Solutions

In September 2019, Trimble Inc., a renowned company specializing in SaaS technology, based in California, announced that it is partnering up with Qualcomm Technologies, multinational semiconductor and telecommunications equipment company, headquartered in the U.S. The main aim of the collaboration is to develop precise-positioning solutions for limited automotive applications. Trimble will combine its RTX technology with Qualcomm Snapdragon Automotive 4G and 5G platforms to provide a highly innovative and accurate solution.

Overall, renowned companies are focusing on strategic collaborations to strengthen their position in the market.

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