Automotive Telematics Market is estimated to be US$ 217.65 billion by 2030 with a CAGR of 18.3% duri
Global Automotive Telematics Market accounted for US$ 41.23 billion in 2020 and is estimated to be US$ 217.65 billion by 2030 and is anticipated to register a CAGR of 18.30%. Telematics is a way of tracking a vehicle's location and movement using a combination of the Global Positioning System (GPS) and on-board diagnostics. It is possible to record the speed and internal behaviour of automobiles using GPS and diagnostics systems. Automobile insurance firms, fleet management businesses, and others use telematics devices to track a vehicle's position and activity. Telematics Control Unit (TCU), telematics cloud server, and the front end-web app and mobile app-are the three main components of a vehicle telematics solution.
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