NJ New Jersey, USA -- (SBWire) -- 11/15/2023 --Advance Market Analytics added research publication document on Worldwide Electric Vehicle Telematics Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Electric Vehicle Telematics market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2022 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Cisco systems Inc. (United States), TomTom (Netherlands), AirIQ (Canada), Verizon communications inc (United States), Fleetmatics Group (Ireland), MiX Telematics (South Africa), Trimble (United States), Actsoft (United States), KORE (United States), Masternaut (France).

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Telematics is a communication technology for the automotive industry that flows through a wireless network to a vehicle and is based on the information generated by the vehicle. It is the fusion of wireless communications, location technology, and vehicle electronics that is driving the automotive industry into the information age. The data is generated by the vehicle unit and transferred to the back office system, or the back office system pushes data such as maps, weather forecasts, inventory updates, internet data packets, etc. to the vehicle unit. This communication is done via a mobile phone or a unit mounted on the vehicle. Vehicle communication and location mapping are done via a network of cell towers and satellite systems. Telematics is not a new feature in the automotive industry. Reactivating telematics and becoming a serious competitor in the automotive industry was the advent of smartphones followed by consumer demand for instant, always-on connections. Today, most telematics setups use smartphones to connect to vehicles and access industry content such as media, banking, and insurance. These combined reasons are driving the telematics phenomenon. OEM telematics sales are expected to grow due to a surge in demand.

Market Developments Activities: Cisco (NASDAQ: CSCO) today announced the completion of the acquisition of IMImobile PLC (AIM: IMO). IMImobile is a leading global provider of cloud communications software and services that manage business-critical interactions at scale.
Trimble® BD9250, a dual-frequency OEM GNSS receiver module that supports Trimble RTX correction services was introduced by Trimble. The receiver is designed to deliver high-accuracy positioning for a range of high-volume, autonomous-ready applications used in the agriculture, construction, robotics, and logistics industries worldwide.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Electric Vehicle Telematics Market various segments and emerging territory.

Opportunities:
- Government updating rules and regulations to promote eco-friendly and low emission vehicles.
- High investments in R&D for automotive cars.

Influencing Market Trend
- Advanced technology is developing EVs with more range and better battery capacity.

Market Drivers
- Growth in EV popularity is driving the telematics market.
- Government subsidies and investments in the EV market are boosting telematics market growth.

Challenges:
- The high initial cost of investment.
- EV cost of purchase is high holding the market from its potential growth.

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Analysis by Type (Embedded, Retrofitted, Application), Application (Safety and Security, Information, Navigation, Others), Deployment (Hardware, Software), Vehicles (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle)

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
- % Market Share, Segment Revenue, Swot Analysis for each profiled company [Cisco systems Inc. (United States), TomTom (Netherlands), AirIQ (Canada), Verizon communications inc (United States), Fleetmatics Group (Ireland), MiX Telematics (South Africa), Trimble (United States), Actsoft (United States), KORE (United States), Masternaut (France)]
- Business overview and Product/Service classification
- Product/Service Matrix [Players by Product/Service comparative analysis]
- Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
- Consumption, Capacity & Production by Players

The regional analysis of Global Electric Vehicle Telematics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/42115-global-electric-vehicle-telematics-market?utm_source=SBWire&utm_medium=Lal

Highlights of the Report
- The future prospects of the global Electric Vehicle Telematics market during the forecast period 2023-2028 are given in the report.
- The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
- The emerging technologies that are driving the growth of the market are highlighted in the report.
- The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
- The report studies the leading manufacturers and other players entering the global Electric Vehicle Telematics market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.