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Stock impact report

Automotive Embedded Telematics Market To Reach USD 79.9 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]

Visteon Corporation (VC) 
Last visteon corporation earnings: 4/30 06:55 am Check Earnings Report
US:NYSE Investor Relations: visteon.com/investors
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 16, 2024 (GLOBE NEWSWIRE) -- The rise in prominence of connected cars drives the automotive embedded telematics market growth The automotive embedded telematics market is experiencing significant growth, primarily propelled by the increasing demand for connected cars. Consumers are increasingly drawn to vehicles offering seamless connectivity, advanced infotainment systems, and instant access to real-time data. According to a report by the National Highway Traffic Safety Administration (NHTSA), it is projected that 90% of new vehicles in the United States will be connected cars by 2025. The widespread use of smartphones and the availability of high-speed wireless networks have further stoked the desire for connected car features. Additionally, the COVID-19 pandemic has hastened the adoption of contactless services, including remote vehicle diagnostics and over-the-air updates, which rely on embedded telematics systems. The market for embedded telem Show less Read more
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