To request more Information, evils the website at http:// www. Ultraconservatives. Com/consumer-telecast-market Insurance telemetric, is the highest revenue-generating solution, contributing about 27% of the total consumer telemetric solutions market revenue driven by the growing insurance sector. This is followed by infotainment and navigation and location-based telemetric solution. In certain economies like Brazil and China, the government legislations mandate the adoption of telemetric in vehicles, given the rising concern of vehicle tracking and safety and security; thereby driving the demand for telemetric lotions in these regions.
Consumer telemetric industry has established from customary navigation services to advanced navigation services used for vehicle tracking, monitoring, location-based services and traffic and weather information. The report segments the market by type biz. , automotive MEMO and aftermarket. The aftermarket type generates the maximum revenue and is expected to remain the largest revenue generator, contributing to over 55% of the total market revenue throughout the forecast period (2014-2020). On the other hand, the automotive MEMO is expected to increase due to rowing alliance between telemetric service providers and device manufacturers.
Amongst end users, Car (rental and owned) segment held the second-largest share In the total market size by revenue in 2013. The consumer telemetric market Is also expected to observe increased adoption from sectors such as healthcare and media and entertainment. Key findings of the study: – The growth of the global consumer telemetric market would be supplemented by the Increased adoption across key sectors such as Insurance, car(rental and owned), media and entertainment and healthcare during the forecast period (2014-2020) – Insurance telemetric Is one of the most prominent solutions available In the market.
It led the market with a share of almost 27% of the global consumer telemetric market, followed by infotainment and navigation telemetric solution, and Is expected to remain dominant throughout the forecast period – Asia-Pacific as well as LAME is supportive government regulations and the growing automotive market The report also outlines the competitive environment of the consumer telemetric market, providing a comprehensive comparative study of the key strategies adopted by the market leaders to grow and gain a competitive edge.
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