06 September 2019
Visiongain has launched a new Automotive Report Vehicle Intercom Systems Market Report 2019-2029 Forecasts by Service Type (Safety & Security, Information & Navigation, Entertainment, Diagnostics), Component (Hardware, Software), Vehicle Type (Passenger Vehicle, Commercial Vehicle) Others PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
Vehicle Intercom systems encompass electronics products used in automotive vehicles for sending, receiving and storing information. These systems include products used for control vehicles on the move and navigating systems among others. These systems are implemented from the integration of telecommunication and information processing systems in automotive vehicles. Some of the vehicle telecom systems are vehicle tracking systems, trailer tracking systems, container tracking systems, and fleet management systems. These systems enable the user to stay in touch with the vehicle wherever they move. For instance, these systems are currently used to communicate with industrial trucks, passenger cars using both voice and data communication technologies. Further, they are also used by car manufacturers and service providers to record information regarding vehicle performance to arrange timely inspection for the same.
Some of the major factors driving the growth of the vehicle telecom systems market are –
- Rising adoption of shared mobility and data-driven services
- Rising sale of automotive vehicles
- Shifting consumer mobility behaviour towards fit for purpose mobility solutions
- Advancement in autonomous vehicle technology
However, lacking technological awareness and high deployment cost for low segment vehicles is expected to inhibit the growth if the market in the near future. Favorable macroeconomic and demographic trends in developing economies such as India are expected to drive the revenue growth in the global vehicle telecom systems market.
The key companies operating in the Vehicle Intercom Systems market are AirIQ Inc., OnStar Corporation LLC, ETAS Group, Agero Inc., WebTech Wireless Inc., Qualcomm Inc., DigiCore Holdings Inc., Wireless Matrix Corporation, Trimble Transport & Logistics, Minda Corporation Ltd.. These companies are taking various strategic initiatives such as new product development, contracts, acquisitions, collaborations, expansions, and agreements so as to increase their presence in the global market and gain a competitive advantage.
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