Motor Racing Telematics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Telematics is combination of telecommunications and informatics to thoroughly describe the use of communications and information technology to exchange and store information from telecommunications devices to remote objects over a network. Vehicle telemetry is the transition of measurements from the vehicle to a remote computer, which is then used by computer programs to infer and analyze the gathered data. Motor racing is a major application gaining prominence in vehicle telematics sector.

MARKET SCOPE

The "Global Motor racing telematics Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the motor racing telematics market with detailed market segmentation by types, networks, application, and geography. The report provides key statistics on the market status of the leading motor racing telematics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on types, the global motor racing telematics market is segmented into remoteboot system, remote location system, remote driving system and others.
  
•   On the basis of networks, the market is segmented into satellite network, cellular network and RF network.
  
•   Based on application, the global motor racing telematics market is segmented into IOT platform and M2M.
  

MARKET DYNAMICS
Drivers

•   Increasing use of electronic components and remote monitoring through telematics provides better performance and reliability.
  
•   The significant rising demand for connected cars among the racing cars or sports car manufacturers is also positively impacting on the growth of the motor racing telematics market.
  
•   Integration of IoT platform for optimum engine performance and enhancing the capabilities of the cars to transmit signals and information is one of the key opportunity for motor racing telematics market in the forecast period.
  

Restraints

•   Potential accessibility of data courses to data security issues in telematics systems due to sending and receiving of large amount of vehicle-related data is a major threat to the and end users and service providers.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The motor racing telematics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the motor racing telematics market in these regions.

IMPACT OF COVID-19 ON MOTOR RACING TELEMATICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Motor Racing Telematics Market Report Analysis

Motor Racing Telematics Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Continental AG
• HARMAN International
• Marelli Europe S.p.A.
• Octo Group S.p.A
• Porsche AG
• Qualcomm Technologies, Inc.
• Robert Bosch GmbH
• Telefonaktiebolaget LM Ericsson
• Telenav

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Types

• Remoteboot System
• Remote Location System
• Remote Driving System

By Networks

• Satellite Network
• Cellular Network
• RF Network

By Application

• IoT Platform
• M2M

MARKET PLAYERS

The report covers key developments in the motor racing telematics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from motor racing telematics market are anticipated to lucrative growth opportunities in the future with the rising demand for motor racing telematics in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the motor racing telematics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Continental AG
  
•   HARMAN International
  
•   Marelli Europe S.p.A.
  
•   Octo Group S.p.A
  
•   Porsche AG
  
•   Qualcomm Technologies, Inc.
  
•   Robert Bosch GmbH
  
•   Telefonaktiebolaget LM Ericsson
  
•   Telenav
  
•   Vodafone Automotive SpA
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Motor Racing Telematics Market Report Scope