PUBLISHER: TechNavio | PRODUCT CODE: 1502263
PUBLISHER: TechNavio | PRODUCT CODE: 1502263
The motor racing telematics (mrt) market is forecasted to grow by USD 280.4 mn during 2023-2028, accelerating at a CAGR of 9.75% during the forecast period. The report on the motor racing telematics (mrt) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for performance optimization, favorable regulations driving adoption of motor racing telematics, and increasing use of electronic components leading to superior performance.
Technavio's motor racing telematics (mrt) market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 8.66% |
CAGR | 9.75% |
Incremental Value | $280.4mn |
By Application
By Type
By Geography
This study identifies the integration of ar and vr in motor racing telematics as one of the prime reasons driving the motor racing telematics (mrt) market growth during the next few years. Also, deployment of 5g networks and edge computing capabilities and popularity of video-based telematics to precisely identify racer behavior will lead to sizable demand in the market.
The report on the motor racing telematics (mrt) market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motor racing telematics (mrt) market vendors that include Agero Inc., Airbiquity Inc., Aptiv Plc, AT and T Inc., Bridgestone Corp., Bynx Ltd., Comtech, Continental AG, DXC Technology Co., Emkay Inc., iLink Digital Inc., OCTO Telematics S.p.A, PTC Inc., Robert Bosch GmbH, Telefonaktiebolaget LM Ericsson, Valeo SA, Verizon Communications Inc., Visteon Corp., Vodafone Group Plc, and Volkswagen AG. Also, the motor racing telematics (mrt) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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