Global Automotive Telematics Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global automotive telematics market will account to an estimated USD 988.78 million in 2018 growing at a CAGR of 15.73% during the forecast period of 2019 to 2026.

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Global Automotive Telematics Market

Automotive telematics can be defined as the integration of devices and equipments present in the vehicle with communication systems and technologies. This integration involves exchange of information which is visualized for the users so that he can monitor the status of the vehicle and use the various entertainment and infotainment devices available in the vehicle.

Segmentation: Global Automotive Telematics Market

Global automotive telematics market is segmented on the basis of on-highway vehicle services, on-highway vehicle form factor, off-highway vehicle services, off-highway vehicles technology, hardware, vehicle type and geography.

By On-Highway Vehicle Services (ACN, Emergency Calling, Navigation & Infotainment, On-Road Assistance, Remote Diagnostics, Vehicle Tracking/Recovery), On-Highway Vehicle Form Factor (Embedded Telematics Solutions, Integrated Telematics Solutions, Tethered Telematics Solutions), Off-Highway Vehicle Services (Fuel Management, Location/Usage Tracking, Maintenance & Repair, Navigation, Diagnostics, Other Services), Off-Highway Vehicles Technology (Cellular Technology, Satellite Technology), Hardware (Infotainment Display Unit, Telematics Solutions Control Unit), Vehicle Type (Passenger Cars, Commercial Vehicles) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN AUTOMOTIVE TELEMATICS MARKET

Expansion and acquisition strategy adopted by various competitors

  • In January 2019, TomTom International BV announced that they had sold off their telematics business division to Bridgestone Europe NV/SA for 910 million euros. With this acquisition, both the companies are expected to focus on expanding according to their growth strategy.
  • In January 2018, Verizon announced that they had completed the acquisition of Movildata Internacional, provider of commercial fleet-management solutions. With this acquisition the company have expanded their share in the region providing advanced service capabilities.

Key Market Competitors: Global Automotive Telematics Market

Few of the major competitors currently working in the automotive telematics market are Verizon; Magneti Marelli S.p.A.; Intel Corporation; MiX Telematics; Robert Bosch GmbH; HARMAN International; TomTom International BV; Masternaut Limited; I.D. Systems; Teletrac Navman US Ltd; Trimble Inc.; Omnitracs; Continental AG; Bridgestone Corporation; Delphi Technologies; Qualcomm Technologies, Inc.; LG Electronics and Visteon Corporation.

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