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Automotive Telematics – Global Market Outlook (2017-2023)

March 21, 2018

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NEW YORK, March 21, 2018 /PRNewswire/ — According to Stratistics MRC, the Global Automotive Telematics market is accounted for $19.06 billion in 2016 and is expected to reach $141.47 billion by 2023 growing at a CAGR of 33.2%. Increase in number of vehicles production coupled with Information and Technology is favoring the market across globe. High occurrence of road accidents & mishaps and in addition to this the greater developing economies are in demand for transportation with high safety measures, these all factors are boosting the market. Moreover, the adoption of the automotive telematics in fleet is providing more opportunities to the present scenario.

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