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Automotive Telematics Market

Automotive Telematics Market Size, Share and Segmentation by Vehicle Type (Passengers cars, Commercial cars), by Application (Vehicle tracking, Fleet management, Satellite Navigation, Vehicle Safety Communication, Others), by Systems (Driving Assistance Systems, Telematics Control Unit, Global Positioning System (GPS), Vehicle Tracking Systems, Vehicular Emergency Warning Systems, Others), by Distribution Channel (OEM, Replacement/Aftermarket), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1010 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Automotive Telematics Market Size was valued at USD 27.77 billion in 2021 and is expected to reach USD 84.35 billion by 2028, and grow at a CAGR of 14.9% over the forecast period 2022-2028. The industry is primarily driven by technical advancements intended at improving passengers' overall in-vehicle experiences and allowing for more interactivity within and among automobiles.

Automotive telematics integrates telecommunications and informatics to deliver a variety of services to vehicles, including navigation, safety, and security. automobile sharing, Vehicle monitoring, container tracking, emergency warning systems for cars, trailer tracking and other telematics functions are the most common in telematics.

Automotive Telematics Market Revenue Graph

Furthermore, the industry is driven by tight safety regulations, improved safety awareness, and the affordability of telematics system features. However, the cost of installing a few modern telematics infrastructures in automobiles remains high.The usage of automotive telematics in electric vehicles is also likely to boost industry growth in the future. Leading manufacturers are eager to take advantage of the potential afforded by the advent of electric vehicles.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Increased fleet efficiency and greater safety are driving revenue growth in the vehicle telematics market.

  • Car telematics monitors drivers' behavior and encourages safe driving while rewarding good driving, ensuring safety.

RESTRAINTS: 

  • To avoid running out of battery power during an emergency, battery-powered trackers must be kept charged at all times.

  • Many telematics technologies, such as dashcams and intelligent route planning, are expensive.

  • Automotive telematics collects a variety of data & can track car movement, making it vulnerable to hackers.

OPPORTUNITIES: 

  • The global automotive telematics market is expected to provide other short-term benefits.

  • Automotive telematics has been used in both navigation and mass transportation systems.

  • The development of different and variant telematics systems is creating enormous potential for competitors.

  • Wireless vehicle safety communications telematics improve car and road safety significantly.           

CHALLENGES: 

  • Telematics systems are exceedingly sensitive, and a single inaccuracy can result in catastrophic failure.

  • Automobile technologies are expected to handle system failures because they rely exclusively on digital networks.

  • The rise of regulatory actions taken by the government for security & safety has resulted in the widespread acceptance of telematics.

IMPACT OF COVID-19:

COVID-19 The epidemic has had a broad influence on a variety of industries, including automobile and insurance companies. Because the price of fully integrated telematics systems such as dash cams, smart route planning, electronic logging devices (ELDs), and driver management is high, the pandemic has functioned as a restraint for the telematics business.

The drop in car sales has impeded the expansion of the automotive telematics market. Telematics, on the other hand, improves the customer experience, and many of the benefits provided to drivers, automobile companies, and insurance carriers are likely to contribute significantly to revenue growth throughout the forecast period.

BY KEY MARKET PLAYERS:

Due to the presence of several regional players, the global automotive telematics industry is highly fragmented. However, prominent competitors such as Robert Bosch, Continental AG, Qualcomm technologies, Verizon, Intel Corporation, Delphi Automotive Plc, LG Electronics, Harman International, DENSO Corporation, Ficosa International SA, Magnetic Marelli SpA, Trimble Inc. (U.S.), TomTom International B.V. (Netherlands), Telogis (U.S.), Visteon Corporation (U.S.), AT&T Inc. (U.S.), Harman International Industries, Inc. (U.S.) have carved out significant market share.

MARKET SEGMENTATION:

By Vehicle Type:

  • Passengers cars

  • Commercial cars

By Application:

  • Vehicle tracking

  • Fleet management

  • Satellite Navigation

  • Vehicle Safety Communication

  • Others

By Systems:

  • Driving Assistance Systems

  • Telematics Control Unit

  • Global Positioning System (GPS)

  • Vehicle Tracking Systems

  • Vehicular Emergency Warning Systems

  • Others

By Distribution Channel:

  • OEM

  • Replacement/Aftermarket

Automotive Telematics Market Segment Chart

REGIONAL ANALYSIS:

The worldwide automotive telematics market is predicted to be dominated by North America, followed by Europe. Japan and the United States are the primary users of the automotive telematics system. Over the next six years, emerging economies such as India and China are expected to expand worldwide in automotive telematics.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Telematics Market Report Scope:

Automotive Telematics Market Report Scope:
Report Attributes Details
 Market Size in 2021  US$ 27.77 Bn
 Market Size by 2028  US$ 84.35 Bn
 CAGR   CAGR of 14.9 % From 2022 to 2028
 Base Year  2021
 Forecast Period  2022-2028
 Historical Data  2017-2020
 Report Scope & Coverage  Market Size, Segments Analysis, Competitive  Landscape,   Regional Analysis, DROC & SWOT Analysis, Forecast   Outlook
 Key Segments  • By Vehicle Type (Passengers cars, Commercial cars)
 • By Application (Vehicle tracking, Fleet management,   Satellite Navigation, Vehicle Safety Communication,   Others)
 • By Systems (Driving Assistance Systems, Telematics   Control Unit, Global Positioning System (GPS), Vehicle   Tracking Systems, Vehicular Emergency Warning Systems, Others)
 • By Distribution Channel (OEM, Replacement/Aftermarket)
 Regional Analysis/Coverage  North America (USA, Canada, Mexico), Europe
 (Germany, UK, France, Italy, Spain, Netherlands,
 Rest of Europe), Asia-Pacific (Japan, South Korea,
 China, India, Australia, Rest of Asia-Pacific), The
 Middle East & Africa (Israel, UAE, South Africa,
 Rest of Middle East & Africa), Latin America (Brazil,   Argentina, Rest of Latin America)
 Company Profiles  Robert Bosch, Continental AG, Qualcomm technologies,   Verizon, Intel Corporation, Delphi Automotive Plc, LG   Electronics, Harman International, DENSO Corporation,   Ficosa International SA, Magnetic Marelli SpA, Trimble   Inc., TomTom International B.V., Telogis, Visteon   Corporation, AT&T Inc., Harman International Industries,   Inc.
 Key Drivers  • Increased fleet efficiency and greater safety are driving   revenue growth in the vehicle telematics market.
 • Car telematics monitors drivers' behavior and   encourages  safe driving while rewarding good driving,   ensuring safety.
 Opportunities  • The global automotive telematics market is expected to   provide other short-term benefits.
 • Automotive telematics has been used in both navigation   and mass transportation systems.

 


Frequently Asked Questions (FAQ) :

Ans:- The Market Size is expected to reach USD 84.35 billion by 2028.

Ans:- Telematics is a way of monitoring a vehicle's location and movement by integrating the Global Positioning System (GPS) and on-board diagnostics devices.

Ans:- Telematics systems are very sensitive, and a single error can result in catastrophic failure and are expected to handle system failures.

Ans:- North America region is anticipated to be the primary driver of the market.

Ans:- Raw material vendors, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms are the stakeholder of this report.


Table of Contents:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.  Global Automotive Telematics Market Segmentation, by Vehicle Type

8.1 Passengers cars

8.2 Commercial cars

 

9.  Global Automotive Telematics Market Segmentation, by Application

9.1 Vehicle tracking

9.2 Fleet management

9.3 Satellite Navigation

9.4 Vehicle Safety Communication

9.5 Others

 

10. Global Automotive Telematics Market Segmentation, by Systems

10.1 Driving Assistance Systems

10.2 Telematics Control Unit

10.3 Global Positioning System (GPS)

10.4 Vehicle Tracking Systems

10.5 Vehicular Emergency Warning Systems

10.6 Others

 

11.  Global Automotive Telematics Market Segmentation, by Distribution Channel

11.1 OEM

11.2 Replacement/Aftermarket

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2  Canada

12.2.3  Mexico

12.3 Europe

12.3.1  Germany

12.3.2  UK

12.3.3  France

12.3.4  Italy

12.3.5  Spain

12.3.6  The Netherlands

12.3.7  Rest of Europe

12.4 Asia-Pacific

12.4.1  Japan

12.4.2  South Korea

12.4.3  China

12.4.4  India

12.4.5  Australia

12.4.6  Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1  Israel

12.5.2  UAE

12.5.3  South Africa

12.5.4  Rest

12.6 Latin America

12.6.1  Brazil

12.6.2  Argentina

12.6.3  Rest of Latin America

 

13. Company Profiles

13.1 Robert Bosch

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Continental AG

13.3 Qualcomm technologies

13.4 Verizon

13.5 Intel Corporation

13.6 Delphi Automotive Plc

13.7 LG Electronics

13.8 Harman International

13.8 DENSO Corporation

13.9 Ficosa International SA

13.10 Magnetic Marelli SpA

13.11 Trimble Inc. (U.S.)

13.12 TomTom International B.V. (Netherlands)

13.13 Telogis (U.S.)

13.14 Visteon Corporation (U.S.)

13.15 AT&T Inc. (U.S.)

13.16 Harman International Industries, Inc. (U.S.)

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

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Secondary Research

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