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.
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.
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.
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.
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 Vehicle Type:
Vehicle Safety Communication
Driving Assistance Systems
Telematics Control Unit
Global Positioning System (GPS)
Vehicle Tracking Systems
Vehicular Emergency Warning Systems
By Distribution Channel:
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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:
|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|
|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:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 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
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
11. Global Automotive Telematics Market Segmentation, by Distribution Channel
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Robert Bosch
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
13.5 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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Used Car Market Size was valued at USD 1.68 trillion in 2022 and is expected to reach USD 2.93 trillion by 2030 and grow at a CAGR of 7.2% over the forecast period 2023-2030.
E-bikes Market Size was valued at USD 51 billion in 2022 and is expected to reach USD 122.7 billion by 2030 and grow at a CAGR of 11.6% over the forecast period 2023-2030.
The Automotive Bumpers Market size was valued at USD 9.90 Bn in 2022, the market is expected to reach USD 15.90 Bn by 2030. And grow at a CAGR of 5.70% over the forecasted period of 2023-2030.
Hi! Click one of our member below to chat on Phone