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 2023-2030

According to the SNS Insider report, the automotive telematics market was valued at USD 31.90 billion in 2022 and is projected to reach USD 96.92 billion by 2030, exhibiting a robust compound annual growth rate (CAGR) of 14.9% from 2023 to 2030.

Revolutionizing Vehicle Monitoring, integration of advanced telematics systems in vehicles.

Major Players:

• 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.)

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Market Report Scope

The Automotive Telematics Market is poised for a transformative journey, marked by the integration of advanced technologies shaping the future of vehicular communication. This comprehensive market report delves into the dynamics of telematics, a methodology fusing GPS and diagnostics for vehicle monitoring.

It provides an in-depth analysis of telematics systems’ components, including Telematics Control Unit, cloud server, and web/mobile apps, elucidating their roles in recording speed and vehicle behavior. The report explores key market drivers such as the increasing demand for high-performance, fuel-efficient vehicles and the efforts of industry leaders like Ford Motors Company.

With a focus on safety, security, and navigation services, the report delves into the burgeoning market segments of passenger and commercial vehicles, distribution channels, and diverse applications. As the market charts its course, this report provides invaluable insights into regional developments, market analysis, and recent innovations propelling the Automotive Telematics Market into an era of unprecedented connectivity and efficiency.

Market Analysis:

The increasing emphasis on vehicle safety, security, and navigation services is a key growth driver. Rising road congestion prompts automakers to enhance Advanced Driver Assistance Systems (ADAS), boosting the demand for telematics systems.

Governments globally mandate ADAS features, influencing market growth positively. As the automotive industry evolves, the demand for high-performance, fuel-efficient, and technologically advanced vehicles is propelling the growth of the Automotive Telematics Market.

Prominent players like Ford Motors Company are expanding their telematics offerings, developing systems compatible with various vehicle models. This surge in integration aims to meet the rising demand for safer, more connected, and efficient driving experiences.

Segment Analysis:

By Vehicle Type:

The passenger vehicle segment dominates with over 75% market share in 2022. Consumers’ preference for luxury and secure cars, coupled with remote operation features, contributes to this dominance.

The commercial vehicle segment anticipates significant growth due to rising adoption in long-distance trucks for location tracking and internal system monitoring.

By Distribution Channel:

OEMs hold over 60% market share in 2022, driven by automakers’ integration of advanced telematics for safety and insurance purposes. The aftermarket segment is expected to witness growth, fueled by easy installations and benefits like reduced fuel consumption and improved safety.

By Application:

Fleet management holds the highest share of about 32% in 2022, providing cost-effective services like GPS tracking and route planning. The safety and security segment is expected to grow by 21%, driven by global initiatives mandating safety features in vehicles.

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)
• Vehicular Emergency Warning Systems
• Others

By Distribution Channel:

• OEM
• Replacement/Aftermarket

Key Regional Development:

The Asia Pacific region is set to dominate the market with over 57% share in 2022. This is attributed to the increasing consumer preference for affordable aftermarket telematics systems in emerging economies like China and India.

Government focus on cellular connectivity and internet penetration adds to the region’s dominance.

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Key Takeaways:

The Automotive Telematics Market is set to surpass USD 96.92 billion by 2030, driven by increasing consumer demand for advanced, connected vehicles.

Passenger vehicles and OEMs currently dominate the market, emphasizing the industry’s focus on safety and innovation.

Asia Pacific leads the market, reflecting the region’s growing preference for affordable telematics solutions and government initiatives.

Recent Developments:

In September 2022, Ford Motors launched Ford Pro Fleet Management software, enhancing vehicle tracking, registration, and health monitoring.

In March 2022, SRM Tech and Zonar partnered to incorporate AI and predictive analytics into telematics for improved fleet efficiency.

In March 2022, Phillips Connect announced new smart nose box gateways, backup cameras, and a partnership with Utility for the Utility Connect trailer telematics system, transforming the landscape of smarter trailers.

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

Continued…!

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