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. The telematics system collects information from different on-board sensors such as vehicle speed, braking system, advanced driver assistance systems (ADAS), airbags, and transmission control system. In the motorsports industry, telematics has helped in making racing more competitive by providing comprehensive information about the racing car such as accurate lap times, fuel consumption, and sector-wise analysis.
Technavio’s analysts forecast the global motor racing telematics market to grow at a CAGR of 16.17% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global motor racing telematics market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: - APAC - Europe - North America
Technavio's report, Global Motor Racing Telematics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors - AT&T - Bynx - Connexis LLC - Ericsson - Fleetmatics Group - Luxoft - Magneti Marelli - Octo Telematics - PTC - Robert Bosch - Comtech Telecommunications - TELENAV - Telogis - TomTom International - Valeo - Vodafone Automotive - WirelessCar
Market driver - Increasing use of electronic components leading to superior performance. - For a full, detailed list, view our report
Market challenge - Potential accessibility of data leading to data security issues in telematics systems. - For a full, detailed list, view our report
Market trend - Advanced telematics enabling connect car racing in motorsports. - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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