Europe Automotive Telematics Market Will Reach USD 37,249.8 Million by 2030

The Europe automotive telematics market will advance at a rate of 16.1% in the years to come and reach to a value of USD 37,249.8 million by 2030.

The increasing requirement for enhanced safety features in vehicles, along with the existence of supportive regulations of the government, is the important factor powering the industry, as stated by a market research institution, P&S Intelligence.

The embedded category dominated the industry, based on product type. Also, the category well continues its ascendence in the years to come, mainly as a result of the mandates of the EU to integrate the essential passenger safety solutions in automobiles. OEMs led the industry based on channel. This will also grow the fastest in the years to come. OEMs are belligerently promoting telematics in low- and medium-end car models naturally greeted by customers. Passenger cars dominated the industry in the past, based on vehicle type. The high sales of passenger cars, as well as the growing requirement and regulatory mandates for safety features, have brought about to the domination of this category. Though, the commercial vehicle category will have a considerable share in the years to come. The increasing acceptance of Next-Gen Telematics Protocol for enhancing telematics service delivery and the strict government guidelines for organizing vehicle tracking features in commercial vehicles are promoting the market growth. Germany dominated the Europe automotive telematics market and the trend will continue to grow in the years to come. Factors including tech progressions and the policies of the government associated with vehicle and passenger safety will boost the requirement for automotive telematics solutions in the nation. Also, the existence of key players for example Trimble, Webfleet Solutions, and Teletrac Navman delivering telematics products and services, in addition to the increasing consciousness amongst consumers pertaining to the road safety and growing acceptance of telematics by fleet owners, is powering the requirement for telematics solutions in the industry of the nation. The growing requirement for enhanced safety features in automobiles and more-well-organized road traffic is the key factor powering the growth of the industry. Serious injuries, road traffic and deaths are some opposed outcomes of road transport, with human error being one of the main reasons of crashes on the road. In accordance with the Community database on Accidents on the roads in Europe in 2018, road accidents in European Union member nations claimed about 25,600 lives and left over 1.4 million injured in the past. People want a number of safety features in the automobiles, and there are also supportive government regulations, and this powers the growing demand for automotive telematics solutions in Europe.

German Automotive Telematics Market Will Touch USD 7,748.0 Million by 2030

The German automotive telematics market is experiencing growth and is projected to reach USD 7,748.0 million by 2030, As per a report by P&S Intelligence. This growth can be ascribed to the growing fondness for a more secure driving alternative, along with the wide government help, in terms of strategy and rule formulation, for the addition of these systems in automobiles.

On the basis of product type, the integrated category is predicted to showcase the highest development rate in the German automotive telematics industry. This can be ascribed to the rising requirement for internet-linked infotainment items in premium-range and mid-range passenger vehicles. Moreover, the rising sales of e-vehicles in the nation would aid the development of the category in the coming few years. In recent years, OEMs led the German automotive telematics market, on the basis of channel. Moreover, the category is also projected to be in the leading spot till 2030. The compulsory rules and guidelines to include the essential security features in cars, along with the rising customer fondness for connected cars, are boosting the development of this category. In the coming few years, Construction machines are projected to experience the fastest development in the German automotive telematics market, on the basis of vehicle type. Security and safety have been two of the major needs related to construction machines. Safety and compliance solutions comprise theft protection features and accident communication, which are important for construction machines. The growing application of telematics solutions in off-highway cars is the key trend being observed in the German automotive telematics industry. The better efficiency and effectiveness of such vehicles and the increasing need for off-highway vehicle data analysis, along with the requirement to lessen the working prices related to their repair and maintenance, are the key factors for the rising acceptance of telematics solutions in such vehicles. Additionally, different automotive associations in the nation have uniformed the key versions of the telematics solutions obtainable for off-highway vehicles, which further inspires their acceptance of such vehicles. Hence, the growing fondness for a more secure driving alternative, along with the wide government help, in terms of strategy and rule formulation, for the addition of these systems in automobiles are the major factors propelling the German automotive telematics market.

Adaptive Cruise Control Market: Trends, Applications, and Competitive Landscape

The rising prevalence of road accidents is one of the major factors fueling the demand for adaptive cruise control across the world. Road accidents are one of the biggest causes of deaths in various countries and regions. Africa and Asia-Pacific (APAC) record the highest and the second-highest occurrence of road crashes in the world respectively. Due to the growing incidence of road accidents, the demand for advanced safety features and systems such as adaptive cruise control is rising rapidly.

As a result, automakers all over the globe are increasingly adopting these systems in their vehicles. Furthermore, the governments and regulatory bodies in various countries and regions such as those in North America and Europe are implementing strict vehicle safety policies and regulations that mandate the installation of safety systems such as adaptive cruise control in vehicles. In addition to this, various trade unions and associations are encouraging the integration of adaptive cruise control systems in automobiles.

To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/adaptive-cruise-control-market/report-sample Lidar, laser, ultrasonic, and radar are the most commonly used types of technologies in adaptive cruise control systems. Out of these, the usage of the lidar technology is predicted to rise rapidly across the world in the coming years. The laser technology is also predicted to witness sharp rise in popularity in the forthcoming years. Light commercial vehicles and passenger cars are the two main application areas of adaptive cruise control systems. Between these, passenger cars are predicted to witness faster rise in the integration of these systems in the coming years. This would be because of the surging disposable income of people and the subsequent boom in the sales of luxury and premium cars across the globe. Additionally, various governments are enacting initiatives for improving the fuel efficiency and safety of passenger cars. This is further boosting the global demand for adaptive cruise control systems. Geographically, the adaptive cruise control market is predicted to exhibit the fastest growth in North America in the forthcoming years. This is credited to the rising enactment of strict safety regulations and norms regarding vehicular safety in the regional countries. For instance, the United States New Car Assessment Program (USNCAP) launched by the National Highway Traffic Safety Administration (NHTSA) has massively raised the public awareness about vehicle safety systems in the country. Thus, it is safe to say that the demand for adaptive cruise control systems would shoot-up all over the world in the upcoming years, primarily because of the increasing incidence of road accidents and the growing implementation of strict vehicle safety regulations and policies in various countries around the world.