Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Motor Racing Telematics (MRT) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 15.0% during the review period (2022 to 2027).
Motor Racing Telematics (MRT) Market Overview
Automotive telematics system is a device which deals with communication (sending, receiving, and storing information) regarding the vehicle's present condition such as speed, acceleration, and other surrounding parameters. Telematics is a term that combines the terms' telecommunications and informatics to describe how communications and information technology are used to interchange and store data from telecoms devices to remote objects through a network. Vehicle telemetry is the transmission of data from the vehicle to a distant computer, which is consequently analyzed and interpreted by computer programs. In the field of vehicle telematics, motor racing is a prominent application that is getting a lot of attention.
Vehicle telemetry refers to the transfer of measurements from the vehicle to a remote computer, which is subsequently used by computer programmes to infer and evaluate the information gathered. Motor racing is a significant application that has gained importance in the in-vehicle telematics industry and is likely to drive market expansion over the forecast period.
The Global Motor Racing Telematics (MRT) market research report discusses the key drivers influencing global growth, current market trends, key driving factors and the Internet & Communication market as a whole. Motor Racing Telematics (MRT) Market report evaluates the CAGR, revenue, value, volume, sales, price and dynamics of the market during the forecast period of 2022-2027. From the competitive edge of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Motor Racing Telematics (MRT) during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
Industry News:
10.21.2021: Verizon, Nissan, CCTA collaborate on connected-vehicle technology for roadway safety--
Verizon and Nissan North America’s Research and Advanced Engineering team have completed a research proof-of-concept demonstrating how sensor data from vehicles and surrounding infrastructure can be processed at the edge of Verizon’s wireless network and communicated back to vehicles for urgent driver notifications in near real time.
March 03, 2022: Continental Display with Private Mode Entertains Passengers and Reduces Driver Distraction--
Continental has developed an innovative display that allows vehicle information to be displayed dynamically, either in a private mode or in a way that everyone can see.
What are the major Applications, Types and Regions for Motor Racing Telematics (MRT) Market?
Motor Racing Telematics (MRT) Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Motor Racing Telematics (MRT)
- Remote Location System
- Others
By Applications it is segmented into
Motor Racing Telematics (MRT) Market Regional Analysis
North America held the largest motor racing telematics market in 2019, and the region would provide many growth prospects to market vendors throughout the forecast period. Over the projection period, factors such as the availability of enhanced transportation services, developed communication infrastructures, and a new automobile evaluation programme on vehicle safety and security would considerably boost the growth of the motor racing telematics market in this area.
During the projection period, North America will account for 44% of the market's growth. In North America, the United States is the most important market for motor racing telematics. The market in this area will expand at a slower pace than the market in APAC.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Motor Racing Telematics (MRT) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Motor Racing Telematics (MRT) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Motor Racing Telematics (MRT) Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 15.0% over the forecast period (2022-2027)
|
By Type
|
- Motor Racing Telematics (MRT)
- Remote Location System
- Others
|
By Application
|
|
By Companies
|
Agero, Airbiquity, Continental, Verizon, Visteon, AT&T, Bynx, Connexis, Ericsson, Fleetmatics, Luxoft, Magneti Marelli, Octo Telematics, PTC, Robert Bosch, Comtech Telecommunications, TELENAV, Telogis, TomTom International
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
139
|
Customization Available
|
Yes, the report can be customized as per your need
|
Key Takeaways from this Motor Racing Telematics (MRT) Report
- Evaluate Motor Racing Telematics (MRT) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Motor Racing Telematics (MRT) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Motor Racing Telematics (MRT) Market?
The Pharmacy Bags Market is growing at a CAGR of 15.0% over the next 5 years.
Who are the key players in Motor Racing Telematics (MRT) Market?
Agero, Airbiquity, Continental, Verizon, Visteon, AT&T, Bynx, Connexis, Ericsson, Fleetmatics, Luxoft, Magneti Marelli, Octo Telematics, PTC, Robert Bosch, Comtech Telecommunications, TELENAV, Telogis, TomTom International
What are the significant types of Motor Racing Telematics (MRT) Market?
Motor Racing Telematics (MRT), Remote Location System, Others
What are the major end-use applications of Motor Racing Telematics (MRT) Market?
IoT platform, M2M, Others
Which region holds the major share in the Motor Racing Telematics (MRT) Market?
North America held the largest share in motor racing telematics market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
