Global Vehicle Telematics Market, By Provider Type (Original Equipment Manufacturers and Aftermarket), Vertical (Transportation, Logistics, Government, Utilities, Travel, Tourism, Construction, Education, Healthcare, Media, and Entertainment), 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 2029.
Market Analysis and Insights Global Vehicle Telematics Market
Data Bridge Market Research analyses that the vehicle telematics market will exhibit a CAGR of 9.60% for the forecast period of 2022-2029. Market Research report on vehicle telematics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Vehicle telematics is an electronic technology that is used in automobiles to assist customers in keeping their vehicles safer, preventing them from becoming lost, and summoning roadside assistance. These telematics are also known as crash-resistant black boxes that receive wireless information that is more advanced than the radio.
The factors driving the vehicle telematics market are increased adoption of NGTP, proliferation of telematics technology due to decreasing sensor and connectivity costs, and growing government mandate for deploying vehicle tracking in commercial vehicles. Furthermore, AI and machine learning capabilities enable autonomous dispatching and routing and enable fleet managers to predict vehicle health and driving habits based on vehicle utilisation, resulting in lower maintenance requirements and cost-effectiveness. All of these factors contribute significantly to the growth of the automotive telematics industry.
However, the factors restraining the vehicle telematics market are increased communication, which raises security and privacy concerns, complete network coverage, and the elimination of blind spots. Rising smartphone demand supplements the adoption of telematics solutions and services, creating an opportunity.
This vehicle 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 localised 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 vehicle 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.
Global Vehicle Telematics Market Scope and Market Size
Vehicle telematics market is segmented on the basis of provider type and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of provider type, vehicle telematics market is segmented into original equipment manufacturers, and aftermarket.
- Based on vertical, vehicle telematics market is segmented into transportation, logistics, government, utilities, travel, tourism, construction, education, healthcare, media, and entertainment.
Vehicle Telematics Market Country Level Analysis
The vehicle telematics market is analysed and market size, volume information is provided by country, provider type and vertical as referenced above.
The countries covered in the vehicle telematics market report are 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.
North America dominates the market. In North America, the United States is expected to dominate the automotive telematics market in 2021, while Canada is expected to expand at a fast pace during the forecast period. The automotive telematics market is forecasted from 2021 to 2028, taking into account all of the driving factors that have an equal impact on market demand. From 2021 to 2028, the automotive telematics market will be determined by forecasts and active steps taken by industry manufacturers.
The country section of the vehicle telematics market 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 Vehicle Telematics Market Share Analysis
The vehicle 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 are only related to the companies’ focus on the vehicle telematics market.
Some of the major players covered in the vehicle telematics market are Mix Telematics International (PTY) Ltd, Zonar Systems, Inc., OCTO Telematics Ltd, Omnitracs, LLC, Masternaut Limited, Microlise Group Ltd, Inseego Corporation, 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, and Volkswagen Commercial Vehicles among others.