Report Scope & Overview:
Automotive Telematics Market Size was valued at USD 31.90 billion in 2022 and is expected to reach USD 96.92 billion by 2030, and grow at a CAGR of 14.9% over the forecast period 2023-2030. 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.
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.
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
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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
KEY 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.
Robert Bosch-Company Financial Analysis
Automotive Telematics Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | US$ 31.90 Bn |
| Market Size by 2030 | US$ 96.92 Bn |
| CAGR | CAGR of 14.9 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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