Automotive

Automotive Telematics Market By Economic Growth Factors, Development Status, Industry Overview, Future Plans, Competitive Landscape and Opportunities Forecast 2030

The “Automotive Telematics Market (By Product Type: Embedded Automotive Telematics, Integrated Automotive Telematics, and Tethered Automotive Telematics; By Services: Safety and Security, Information and Technology; By Sales Channel: Original Equipment Manufacturer (OEM) and Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030″ report has been added to Precedence Research’s offering.

The global automotive telematics market size is forecasted to reach from US$ 77.54 billion in 2021 to US$ 441.5 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 21.3% from 2021 to 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The automotive telematics market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

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Market Overview

The automotive telematics market study conducted by Precedence Research is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies make informed decision to sustain growth through the assessment period.

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

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.

The automotive telematics market is expected to grow with the rising vehicle production and safety standards around the world. The rise in telematics software integration in autonomous and connected vehicles is expected to drive the global automotive telematics market. The consumer preference for advanced driver assistance systems in automobiles is expected to boost the growth of automotive telematics market during the forecast period.

Competitive Landscape Analysis:

Some of the leading companies operating in the automotive telematics market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Major companies operating in this report are

  • CARTRACK
  • Masternaut Ltd.
  • Teletrac Navman
  • TomTom Telematics B.V.
  • MiX Telematics
  • Trimble Inc.
  • Harman International Industries Inc.
  • Omnitracs
  • VERIZON
  • Airbiquity Inc.

Market Dynamics

Drivers

Better driver and vehicle safety

According to World Health Organization (WHO), every year around 1.3 million people die due to road accidents. This had increased the importance of vehicle safety equipment. The automotive telematics provides the accurate location of passengers and driver. The automotive telematics system can be connected to smartphone with the help of application. By using the application, the Global Positioning System (GPS) tracks the current location of vehicle. This had helped fleet managers to track their goods with accurate information. Thus, the safety of driver and vehicle is propelling the growth of the automotive telematics market during the forecast period.

Restraints

High installation costs

The ideal devices of automotive telematics are plug-and-play, meaning they can be plugged into the vehicle diagnostic port fast and effortlessly. The cost of installation could be negligible. The installation of some of the gadgets of automotive telematics may necessitate the use of technician. The installation charges would be greater if the device requires hardwiring and retrofitting. The cost of automotive fleet telematics system is also affected by the monthly subscription charge. As a result, the overall cost of installing is high, which is restricting the growth of automotive telematics growth during the forecast period.

Opportunities

Rise in trend of connectivity solutions

Over the time, the smartphones have shifted the concept of connectivity to the different level. Even while traveling, people want to be connected to the outside world. The automobile manufacturers are incorporating connectivity solutions into their vehicles to promote sales as now connectivity has become an important need for the people. The consumers want their automobiles to perform functions similar to those performed by computers and smart phones. As a result, the automotive telematics market is expected to grow due to rising customer desires and need to be connected 24/7 even while traveling. Thus, the rising trend of connectivity solutions is providing lucrative opportunities for the growth of automotive telematics market during the forecast period.

Challenges

Threat of data hacking

Automotive telematics is the new technology in the market. The unauthorized access to various vehicle connectivity solutions or a break into the in-vehicle connectivity system is examples of factors that can limit the automotive telematics industry. The hackers have access to automotive computer systems as well as the data they collect and store, which is a big security problem. As a result, one of the factors that are likely to hinder the market growth of automotive telematics is the potential of automotive telematics systems being hacked. Thus, the threat of data hacking is the major challenge for the growth of automotive telematics market during the forecast period.

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.

Regional Snapshot

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.

Market Segmentation

By Product Type

  • Embedded
  • Integrated
  • Tethered

By Services

  • Safety and Security
  • Information and Technology

By Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global automotive telematics market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive telematics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Automotive Telematics Market 

5.1. COVID-19 Landscape: Automotive Telematics Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Automotive Telematics Market, By Product

8.1. Automotive Telematics Market, by Product Type, 2021-2030

8.1.1. Embedded

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Integrated

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Tethered

8.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Automotive Telematics Market, By Services

9.1. Automotive Telematics Market, by Services, 2021-2030

9.1.1. Safety and Security

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Information and Technology

9.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Automotive Telematics Market, By Sales Channel 

10.1. Automotive Telematics Market, by Sales Channel, 2021-2030

10.1.1. Original Equipment Manufacturer (OEM)

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Aftermarket

10.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Automotive Telematics Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.2. Market Revenue and Forecast, by Services (2019-2030)

11.1.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Services (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Services (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.2. Market Revenue and Forecast, by Services (2019-2030)

11.2.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Services (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Services (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Services (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Services (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.2. Market Revenue and Forecast, by Services (2019-2030)

11.3.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Services (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Services (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Services (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Services (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.2. Market Revenue and Forecast, by Services (2019-2030)

11.4.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Services (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Services (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Services (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Services (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.2. Market Revenue and Forecast, by Services (2019-2030)

11.5.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Services (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Services (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Sales Channel (2019-2030)

Chapter 12. Company Profiles

12.1. CARTRACK

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Masternaut Ltd.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Teletrac Navman

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. TomTom Telematics B.V.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. MiX Telematics

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Trimble Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Harman International Industries Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Omnitracs

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. VERIZON

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Airbiquity Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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