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- Europe Automotive Telematics Market was Led by Germany
The Europe automotive telematics market will advance at a rate of 16.1% in the years to come and reach to a value of USD 37,249.8 million by 2030.
Germany Automotive Telematics Market Research Report@ https://www.psmarketresearch.com/market-analysis/germany-automotive-telematics-market
The increasing requirement for enhanced safety features in vehicles, along with the existence of supportive regulations of the government, is the important factor powering the industry, as stated by a market research institution, P&S Intelligence.
The embedded category dominated the industry, based on product type. Also, the category well continues its ascendence in the years to come, mainly as a result of the mandates of the EU to integrate the essential passenger safety solutions in automobiles.
OEMs led the industry based on channel. This will also grow the fastest in the years to come. OEMs are belligerently promoting telematics in low- and medium-end car models naturally greeted by customers.
Passenger cars dominated the industry in the past, based on vehicle type. The high sales of passenger cars, as well as the growing requirement and regulatory mandates for safety features, have brought about to the domination of this category.
Though, the commercial vehicle category will have a considerable share in the years to come. The increasing acceptance of Next-Gen Telematics Protocol for enhancing telematics service delivery and the strict government guidelines for organizing vehicle tracking features in commercial vehicles are promoting the market growth.
Germany dominated the Europe automotive telematics market and the trend will continue to grow in the years to come. Factors including tech progressions and the policies of the government associated with vehicle and passenger safety will boost the requirement for automotive telematics solutions in the nation.
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