The global motor racing telematics MRT market is estimated to grow at a moderate CAGR during the forecast period. Telematics is a term that combines the terms’ telecommunications and informatics to explain how communications and information technology are used to exchange and store data from telecoms devices to remote objects through a network. Vehicle telemetry is the transfer of data from the vehicle to a distant computer, which is subsequently analysed and interpreted by computer programmes. In the field of vehicle telematics, motor racing is a prominent application that is getting a lot of attention.
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Racing technology, performance systems, and global spectators have all evolved in the global motorsport sector. The employment of high-tech, complicated performance equipment is driving the growth of the global motor racing telematics market due to the recent breakthroughs in the field of motorsports. The incorporation of telematics allows for remote monitoring and simulation, resulting in increased performance and fuel efficiency. This has been accomplished by using a variety of sensors, processors, and control modules to monitor a variety of characteristics such as engine oil temperature and pressure, tyre pressure, and temperature.
Better performance and reliability are achieved by increasing the usage of electronic components and remote monitoring through telematics. The huge increase in demand for linked automobiles among racing car or sports car manufacturers is also driving the global motor racing telematics market forward. One of the significant opportunities for the motor racing telematics market during the forecast period is the integration of IoT platforms for optimum engine performance and boosting the capabilities of automobiles to communicate signals and information.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape: Agero, Airbiquity, Continental, Verizon Telematics, Visteon Corporation among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Motor Racing Telematics MRT Market by Segments,
By Type,
- Motor Racing Telematics (MRT)
- Remote Location System
- Remote Location System
By Application,
- IoT Platform
- M2M
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