Global Diagnostics Telematics Market, By Hardware (Telematic Control Unit, Navigation Systems, Communication Devices, Audio/Video Interface, CAN Bus), Form (Embedded, Tethered, Integrated), Connectivity (Satellite, Cellular), Service (Consulting, Implementation, Maintenance), Vehicle (Passenger Car, LCV, Truck, Bus), Aftermarket (Passenger Car Aftermarket, LCV Aftermarket, HCV Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The diagnostics telematics market is expected to witness market growth at a rate of 27.10% in the forecast period of 2021 to 2028 and is expected to reach USD 28,345.20 billion by 2028. Data Bridge Market Research report on diagnostics 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 rise in the development of smart transportation system is escalating the growth of diagnostics telematics market.
Telematics is the technological solution utilized for long-distance transmission of information in commercial automobiles. The solution is utilized for monitoring the location and movement of vehicles through global positioning systems (GPS) and on-board diagnostic systems in order to track vehicle diagnostics. They also monitor trailers and non-motorized assets and alerting the fleet manager in case of any unauthorized movement. They are known to provide maintenance insights and safety tracking and insurance risk assessment. Insurance providers make the use of this technology to monitor driver behavior for the determination of insurance policies accordingly.
The increasing initiatives by the government for the development of intelligent transportation system rise in the demand for smartphone features in the car and automated driving technologies and increasing need for passenger safety features are the major factors driving the growth of diagnostics 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, use of these automotive systems to tackle system failures in case of communication breakdown and high acceptance of telematics among consumers and the emergence of regulatory initiatives taken by the government for security and safety accelerate the diagnostics telematics market growth. 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) and the use of systems for trailer tracking and automobile insurance further influence the diagnostics telematics market. Additionally, the use of systems for trailer tracking and automobile insurance, rising occurrences of road accidents and developments in 5G connectivity positively affect the diagnostics telematics market. Furthermore, development of diverse and variant telematics systems will create profitable opportunities to the diagnostics telematics market players in the forecast period of 2021 to 2028.
On the other hand, complexities owing to communication breakdowns and error rates and high cost associated with the systems are factors expected to obstruct the diagnostics telematics market growth. The rise in concerns regarding the sensitivity of a single error causing heavy and serious breakdowns is projected to challenge the diagnostics telematics market in the forecast period of 2021 to 2028.
This diagnostics 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 diagnostics 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.
Diagnostics Telematics Market Scope and Market Size
The diagnostics telematics market is segmented on the basis of hardware, form, connectivity, service, vehicle and aftermarket. 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 hardware, the diagnostics telematics market is segmented into telematic control unit, navigation systems, communication devices, audio/video interface and CAN bus.
- On the basis of form, the diagnostics telematics market is segmented into embedded, tethered and integrated.
- On the basis of connectivity, the diagnostics telematics market is segmented into satellite and cellular.
- On the basis of service, the diagnostics telematics market is segmented into consulting, implementation and maintenance.
- On the basis of vehicle, the diagnostics telematics market is segmented into passenger car, LCV, truck and bus.
- On the basis of aftermarket, the diagnostics telematics market is segmented into passenger car aftermarket, LCV aftermarket and HCV aftermarket.
Global Diagnostics Telematics Market Country Level Analysis
The diagnostics telematics market is analyzed and market size, volume information is provided by country, hardware, form, connectivity, service, vehicle and aftermarket as referenced above.
The countries covered in the globally diagnostics 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 Diagnostics Telematics Market Share Analysis
The diagnostics 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 diagnostics telematics market.
The major players covered in the diagnostics telematics market report 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.