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Automotive Telematics Market Size to Grow USD 441.5 Billion by 2030: According to Precedence Research

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According to Report, the global automotive telematics market size is expected to hit US$ 441.5 billion by 2030 from at US$ 64.2 billion in 2020, growing at a CAGR of 21.3% from 2021 to 2030.

Growth Factors

The automotive telematics market growth is primarily driven by technological advancements focusing on improving the passenger’s overall in-vehicle experience and allowing for more interactivity within and among other automobiles. Furthermore, the automotive telematics market is being driven by rise in safety awareness, stringent vehicle safety standards, and the affordability of automotive telematics system features. However, installing a few modern telematics infrastructure systems in vehicles is still costly.

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Scope of the Automotive Telematics Market

Report Coverage Details
Market Size in 2020 USD 64.2 Billion
Revenue Projection by 2030 USD 441.5 Billion
Growth Rate CAGR of 21.3% From 2021 to 2030
Largest Market North America
Fastest Growing Market Europe
Base Year 2021
Forecast Period 2021 to 2030

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Report Highlights

  • Based on the product type, the embedded automotive telematics segment dominated the market in 2020 with highest market share 60%. The embedded automotive telematics is a component of software that allows a vehicle to connect to the internet. It includes data exchange between telecommunications devices, computers, and GPS satellite systems.
  • Based on the services, safety and security automotive telematics segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the transmission of information with security and safety from one device to other.
  • Based on the sales channel, the original equipment manufacturer (OEM) segment accounted highest revenue share in 2020.
  • North America is the largest segment for automotive telematics market in terms of region. The automotive telematics market in Asia-Pacific is expected to be propelled by major automotive electronics components manufacturing industries in China, Japan, and India.
  • Europe region is the fastest growing region in the automotive telematics market. The presence of large original equipment manufacturers (OEMs) in Europe, who have major facilities for connected vehicle research and development, is expected to boost the automotive telematics market across Europe.

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OBJECTIVES OF THE STUDY

  • To analyze and forecast the Automotive Telematics market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global Automotive Telematics market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Automotive Telematics market

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Research Methodology

  • Market estimate for 2021
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Automotive Telematics market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers
The major players operating in the automotive telematics market are CARTRACK, Masternaut Ltd., Teletrac Navman, TomTom Telematics B.V., MiX Telematics, Trimble Inc., Harman International Industries Inc., Omnitracs, VERIZON, Airbiquity Inc..

Segments Covered in the Report

By Product Type

  • Embedded
  • Integrated
  • Tethered

By Services

  • Safety and Security
  • Information and Technology

By Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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