According to the research report titled ‘Global Automotive Embedded Telematics Market Size study, by Service (Information and Navigation, Remote Diagnostics, Safety and Security, Entertainment), By Vehicle Type (Passenger Car, Heavy Commercial Vehicle, Light Commercial Vehicle) and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global automotive embedded telematics market is anticipated to witness considerable growth over 2021-2027.
 

The rising number of road accidents and vehicles mishaps coupled with increasing number of mergers and acquisitions to promote product development are the major driving forces of global automotive embedded telematics market.
 

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In February 2019 for instance, Omnitracs LLC partnered with Red Hat to improve its cloud-based fleet management program. The duo had also teamed up to accelerate development of open-source technologies.
 

For the uninitiated, automotive embedded telematics is a technology that came into spotlight given the internet's rapid expansion over the last few decades. The product is widely used in passenger cars and commercial vehicles for fleet management.
 

Growing demand for fleet management solutions in the logistics applications have also resulted in increased product penetration. The massive cost of automotive embedded telematics, on the contrary, is likely to restrict the market growth over 2021-2027.
 

Worldwide automotive embedded telematics industry is fragmented based on service type and vehicle type. By service type, the industry is classified into entertainment, safety and security, remote diagnostics, information, and navigation. In terms of vehicle type, the market is divided into light commercial vehicles, heavy commercial vehicles, and passenger cars.
 

Highlighting the geographical reach, the industry is split into Latin America (Mexico, Brazil), Europe (Spain, Germany, the U.K, Italy), North America (the U.S, Canada), Asia-Pacific (India, South Korea, China, Japan, Australia), and rest of the world.
 

North America automotive embedded telematics industry is anticipated to record considerable growth during the forecast period, primarily due to increased pervasiveness of road accidents, focus towards improving passenger safety using advanced technologies, as well as rising research and development initiatives.
 

Meanwhile, Asia-Pacific market is anticipated to record a considerable CAGR over the projection period. Rising disposable income have impelled the demand for automotive embedded telematics, which in turn are favoring the regional market outlook.
 

The prominent players involved in global automotive embedded telematics industry are Trimble Inc., Telogis (Verizon Communications), TomTom N.V., Digicore Technology Pvt. Ltd., Masternaut, Fleetmatics Group plc, Auto Trac (John Deere), Omnitracs LLC, Teletrac Navman Group, and MiX Telematics.