Global Automotive Telematics Market, By On-Highway Vehicle Services (ACN, Emergency Calling, Navigation and 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 and Repair, Navigation, Diagnostics, Other Services), Off-Highway Vehicles Technology (Cellular Technology, Satellite Technology), Hardware (Infotainment Display Unit, Telematics Solutions Control Unit), Vehicle (Passenger Car, Commercial Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Telematics Market
The automotive telematics market is expected to witness market growth at a rate of 19.76% in the forecast period of 2021 to 2028 and is expected to reach USD 107.85 billion by 2028. Data Bridge Market Research report on automotive telematics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in need for developing an intelligent transportation system is escalating the growth of automotive telematics market.
Automotive telematics refers to a type of integration technology which assists in incorporating communication technologies with the vehicle and the devices installed in the vehicles in order to achieve proper safety and management solutions. These platform need exchange of information between the devices and different components present in the vehicles with the receiver via communication technology. This technology helps users in identifying the status of the vehicle, take control of the infotainment, multimedia devices connected with the vehicles and its location.
The emergence of integrated telematics coupled with policies for driver safety, the increasing need for risk management and the rising importance of smartphones are the major factors driving the automotive telematics market. The availability of mobility integrators because of the integrated transportation network of shared and private cars as well as other modes of transportation, the development of systems including vehicular emergency warning systems, driving assistance systems, automatic driving systems, global positioning system (GPS) navigation and wireless safety communications and the demand for into intelligent transportation systems (ITS) and wireless access for vehicular environment (WAVE) accelerate the automotive telematics market growth. The use of these automotive systems to tackle system failures in case of communication breakdown, high acceptance of telematics among consumers and the emergence of regulatory initiatives taken by the government for security and safety influence the automotive telematics market. The increase in popularity of these systems because of their features such as efficient utilization of power and visualization of vehicle position on digital maps, the use of systems for trailer tracking and automobile insurance and high demand as intuitive vehicular guidance also boost the automotive telematics market. Additionally, rising occurrences of road accidents, high need for safety measures and requirement for effective vehicular mass transportation positively affect the automotive telematics market. Furthermore, development of diverse and variant telematics systems extends profitable opportunities to the automotive telematics market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the systems and complexities owing to communication breakdowns and error rates are factors expected to obstruct the automotive telematics market growth. The rise in concerns regarding the sensitivity of a single error causing heavy and serious breakdowns is projected to challenge the automotive telematics market in the forecast period of 2021 to 2028.
This automotive telematics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on automotive telematics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Telematics Market Scope and Market Size
The 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 and vehicle. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of on-highway vehicle services, the automotive telematics market is segmented into ACN, emergency calling, navigation and infotainment, on-road assistance, remote diagnostics and vehicle tracking/recovery.
- On the basis of on-highway vehicle form factor, the automotive telematics market is segmented into embedded telematics solutions, integrated telematics solutions and tethered telematics solutions.
- On the basis of off-highway vehicle services, the automotive telematics market is segmented into fuel management, location/usage tracking, maintenance and repair, navigation, diagnostics and other services.
- On the basis of off-highway vehicles technology, the automotive telematics market is segmented into cellular technology and satellite technology.
- On the basis of hardware, the automotive telematics market is segmented into infotainment display unit and telematics solutions control unit.
On the basis of vehicle, the automotive telematics market is segmented into passenger car and commercial vehicles.
Global Automotive Telematics Market Country Level Analysis
The automotive telematics market is analyzed and market size, volume information is provided by country, on-highway vehicle services, on-highway vehicle form factor, off-highway vehicle services, off-highway vehicles technology, hardware and vehicle as referenced above.
The countries covered in the globally automotive telematics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the upcoming government rules and regulations for telematics, rise in concern regarding safety and security and increase in fleet management in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Telematics Market Share Analysis
The automotive telematics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive telematics market.
The major players covered in the automotive telematics market reports 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 among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.