Automotive Telematics Market
PUBLISHED: 2024 ID: SMRC25530
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Automotive Telematics Market

Automotive Telematics Market Forecasts to 2030 - Global Analysis By Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers and Other Vehicle Types), Connectivity Type (Cellular, Wi-Fi, Bluetooth, Dedicated Short-Range Communications (DSRC) and Other Connectivity Types), Component, Technology, Application, End User and By Geography

4.7 (47 reviews)
4.7 (47 reviews)
Published: 2024 ID: SMRC25530

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $10.06 BN

Projected Year Value (2030)

US $25.33 BN

CAGR (2023 - 2030)

14.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Automotive Telematics Market is accounted for $10.06 billion in 2023 and is expected to reach $25.33 billion by 2030 growing at a CAGR of 14.1% during the forecast period. Automotive telematics integrates telecommunications and informatics to provide various services in vehicles. It enables real-time monitoring of vehicle performance. Telematics systems utilize GPS technology, sensors, and communication networks to collect and transmit data to centralized servers or cloud platforms. This data can be analyzed to improve driving behaviour, optimize fleet management, enhance vehicle maintenance, and enable connected car features. The evolution of telematics continues to revolutionize the automotive industry, offering convenience, efficiency, and safety benefits to drivers worldwide.

According to Interpol, 4.2 million vehicles were reported to be stolen from 149 countries in 2008.

Market Dynamics: 

Driver: 

Increasing demand for fleet management solutions

Businesses are increasingly turning to telematics for improved fleet monitoring, optimization, and performance management as a result of the growing demand for effective logistics, transportation, and delivery services across a variety of industries. Telematics systems provide real-time tracking, remote diagnostics, predictive maintenance, and route optimization capabilities, leading to cost savings, improved productivity, and enhanced safety. Moreover, regulatory mandates for vehicle safety and emissions further fuel the adoption of telematics solutions, making them indispensable for modern fleet operations, contributing to the sustained growth of the market.

Restraint:

Concerns over data privacy and security

Concerns over data privacy and security in automotive telematics stem from the collection and transmission of sensitive information about vehicle location, driving behaviour, and personal data. Instances of data breaches and unauthorized access raise fears of privacy invasion and identity theft among consumers. Such concerns can lead to hesitancy in adopting telematics solutions, hindering market growth.

Opportunity:

Rising focus on vehicle safety

Telematics systems play a crucial role in enhancing safety by providing real-time monitoring and alerts for various safety parameters such as vehicle speed, braking patterns, and collision detection. These systems enable proactive measures such as emergency assistance, automatic crash notification, and stolen vehicle tracking, enhancing overall road safety for drivers and passengers. As regulatory standards and consumer demand for safety features continue to rise, automotive manufacturers are increasingly integrating advanced telematics solutions into vehicles.

Threat:

Challenges with integration and interoperability

Integration and interoperability challenges in automotive telematics arise due to the diverse range of vehicle systems, software platforms, and communication protocols. Ensuring seamless connectivity and compatibility among these components can be complex and costly. Incompatibility issues hinder the integration of new telematics solutions with existing vehicle systems, leading to fragmentation and limited functionality. This fragmentation restricts innovation, interoperability between different telematics devices, and the development of comprehensive solutions, thereby impeding market growth.

Covid-19 Impact

The covid-19 pandemic significantly impacted the automotive telematics market. Lockdowns and economic uncertainty led to a decline in vehicle sales, affecting the installation of telematics systems in new vehicles. However, the emphasis on remote monitoring and contactless services spurred interest in telematics for fleet management and remote diagnostics. Overall, while the market faced initial setbacks, the long-term outlook for automotive telematics remains positive as businesses and consumers prioritize efficiency and safety in a post-pandemic world.

The vehicle health monitoring segment is expected to be the largest during the forecast period

The vehicle health monitoring segment is estimated to have a lucrative growth. Automotive telematics gathers real-time data on various components such as engine performance, emissions, and fluid levels. Through sensors and connectivity, it provides insights into potential issues or maintenance needs, enabling proactive maintenance and reducing the risk of breakdowns. This application enhances vehicle safety, prolongs lifespan, and optimizes performance, ensuring efficient operation and cost-effectiveness for both individual drivers and fleet managers in the automotive industry.

The automotive dealerships & service centers segment is expected to have the highest CAGR during the forecast period

The automotive dealerships & service centers segment is anticipated to witness the highest CAGR growth during the forecast period, due to its maintenance efficiency. Integrated into diagnostic systems, it remotely monitors vehicle health, alerting dealerships and service centers to potential issues before customers even notice. Through data analytics, it enables predictive maintenance scheduling, reducing downtime and preventing costly breakdowns. Ultimately, automotive telematics transforms dealership and service center operations, delivering superior service and maximizing customer satisfaction.

Region with largest share:

The Asia Pacific region is witnessing significant growth in the automotive telematics market. Factors such as increasing demand for connected vehicles, government initiatives promoting road safety and smart transportation systems, and the proliferation of advanced communication technologies are driving this expansion. With rapid urbanization and rising disposable incomes in countries like China, India, and Japan, the Asia Pacific automotive telematics market is poised for continued expansion and innovation in the coming years.

Region with highest CAGR:

In North America, the automotive telematics market is experiencing robust growth, fuelled by factors such as increasing consumer demand for connected car features, stringent government regulations regarding vehicle safety and emissions, and advancements in IoT technology. The region's mature automotive industry, coupled with a high adoption rate of smart devices, contributes to the popularity of telematics solutions. With a mature automotive industry and a tech-savvy consumer base, North America remains a key region for automotive telematics development and adoption.

Key players in the market

Some of the key players profiled in the Automotive Telematics Market include Verizon Connect, Trimble Inc., Webfleet Solutions, Geotab Inc., MiX Telematics, CalAmp Corporation, Teletrac Navman, Omnitracs, Fleet Complete, Spireon Inc., Continental AG, Bosch Connected Mobility Solutions, Nauto, Globalstar, Michelin Group, Gurtam, Salesforce, KORE Wireless, Telenav and Danlaw Technologies India Limited.

Key Developments:

In November 2023, Salesforce announced Automotive Cloud to provide personalized in-car experiences, manage fleets, and simplify auto lending and leasing. Automotive Cloud will unify automaker’s data from vehicle telematics to service records to customer data. It will power new features that provide a real-time, contextualized view of what’s going on inside a vehicle so every driver can get a truly personalized experience.

In October 2023, Nauto introduced the new telematics capabilities offering visibility into vehicle tracking, utilization, misuse, and maintenance planning. Nauto has enhanced its safety capabilities with new detectors that are designed to provide distinct alerts that differentiate between pedestrians, bicyclists, and motorcyclists, when there is a risk detected of colliding with one of these vulnerable road users (VRUs).

Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
• Other Vehicle Types

Connectivity Types Covered:
• Cellular
• Wi-Fi
• Bluetooth
• Dedicated Short-Range Communications (DSRC)
• Other Connectivity Types

Components Covered:
• Hardware
• Software
• Service

Technologies Covered:
• Embedded Telematics
• Tethered Telematics
• Hybrid Telematics
• On-Board Diagnostics (OBD) Telematics
• Other Technologies

Applications Covered:
• Navigation & Location-based Services (LBS)
• Infotainment
• Remote Diagnostics
• Usage-Based Insurance (UBI)
• Vehicle Health Monitoring
• Other Applications

End Users Covered:
• Original Equipment Manufacturers
• Fleet Management Companies
• Automotive Dealerships & Service Centers
• Insurance Companies
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
     
2 Preface    
 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
     
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats   
 3.6 Technology Analysis 
 3.7 Application Analysis 
 3.8 End User Analysis  
 3.9 Emerging Markets  
 3.10 Impact of Covid-19  
     
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
     
5 Global Automotive Telematics Market, By Vehicle Type
 5.1 Introduction  
 5.2 Passenger Cars  
 5.3 Commercial Vehicles 
 5.4 Two-Wheelers  
 5.5 Other Vehicle Types 
     
6 Global Automotive Telematics Market, By Connectivity Type
 6.1 Introduction  
 6.2 Cellular   
 6.3 Wi-Fi   
 6.4 Bluetooth  
 6.5 Dedicated Short-Range Communications (DSRC)
 6.6 Other Connectivity Types 
     
7 Global Automotive Telematics Market, By Component
 7.1 Introduction  
 7.2 Hardware  
  7.2.1 Telematics Control Unit
  7.2.2 GPS Module 
  7.2.3 Sensors  
 7.3 Software   
  7.3.1 Fleet Management Software
  7.3.2 Navigation Software
  7.3.3 Safety Software 
 7.4 Service   
  7.4.1 Connectivity Services
  7.4.2 Professional Services
  7.4.3 Managed Services 
     
8 Global Automotive Telematics Market, By Technology
 8.1 Introduction  
 8.2 Embedded Telematics 
 8.3 Tethered Telematics 
 8.4 Hybrid Telematics  
 8.5 On-Board Diagnostics (OBD) Telematics
 8.6 Other Technologies  
     
9 Global Automotive Telematics Market, By Application
 9.1 Introduction  
 9.2 Navigation & Location-based Services (LBS)
 9.3 Infotainment  
 9.4 Remote Diagnostics  
 9.5 Usage-Based Insurance (UBI) 
 9.6 Vehicle Health Monitoring 
 9.7 Other Applications  
     
10 Global Automotive Telematics Market, By End User
 10.1 Introduction  
 10.2 Original Equipment Manufacturers
 10.3 Fleet Management Companies
 10.4 Automotive Dealerships & Service Centers
 10.5 Insurance Companies 
 10.6 Other End Users  
     
11 Global Automotive Telematics Market, By Geography
 11.1 Introduction  
 11.2 North America  
  11.2.1 US  
  11.2.2 Canada  
  11.2.3 Mexico  
 11.3 Europe   
  11.3.1 Germany  
  11.3.2 UK  
  11.3.3 Italy  
  11.3.4 France  
  11.3.5 Spain  
  11.3.6 Rest of Europe 
 11.4 Asia Pacific  
  11.4.1 Japan  
  11.4.2 China  
  11.4.3 India  
  11.4.4 Australia  
  11.4.5 New Zealand 
  11.4.6 South Korea 
  11.4.7 Rest of Asia Pacific 
 11.5 South America  
  11.5.1 Argentina 
  11.5.2 Brazil  
  11.5.3 Chile  
  11.5.4 Rest of South America
 11.6 Middle East & Africa 
  11.6.1 Saudi Arabia 
  11.6.2 UAE  
  11.6.3 Qatar  
  11.6.4 South Africa 
  11.6.5 Rest of Middle East & Africa
     
12 Key Developments   
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers 
 12.3 New Product Launch 
 12.4 Expansions  
 12.5 Other Key Strategies 
     
13 Company Profiling   
 13.1 Verizon Connect  
 13.2 Trimble Inc.  
 13.3 Webfleet Solutions  
 13.4 Geotab Inc.  
 13.5 MiX Telematics  
 13.6 CalAmp Corporation 
 13.7 Teletrac Navman  
 13.8 Omnitracs  
 13.9 Fleet Complete  
 13.10 Spireon Inc.  
 13.11 Continental AG  
 13.12 Bosch Connected Mobility Solutions
 13.13 Nauto   
 13.14 Globalstar  
 13.15 Michelin Group  
 13.16 Gurtam   
 13.17 Salesforce  
 13.18 KORE Wireless  
 13.19 Telenav   
 13.20 Danlaw Technologies India Limited
     
List of Tables    
1 Global Automotive Telematics Market Outlook, By Region (2021-2030) ($MN)
2 Global Automotive Telematics Market Outlook, By Vehicle Type (2021-2030) ($MN)
3 Global Automotive Telematics Market Outlook, By Passenger Cars (2021-2030) ($MN)
4 Global Automotive Telematics Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
5 Global Automotive Telematics Market Outlook, By Two-Wheelers (2021-2030) ($MN)
6 Global Automotive Telematics Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
7 Global Automotive Telematics Market Outlook, By Connectivity Type (2021-2030) ($MN)
8 Global Automotive Telematics Market Outlook, By Cellular (2021-2030) ($MN)
9 Global Automotive Telematics Market Outlook, By Wi-Fi (2021-2030) ($MN)
10 Global Automotive Telematics Market Outlook, By Bluetooth (2021-2030) ($MN)
11 Global Automotive Telematics Market Outlook, By Dedicated Short-Range Communications (DSRC) (2021-2030) ($MN)
12 Global Automotive Telematics Market Outlook, By Other Connectivity Types (2021-2030) ($MN)
13 Global Automotive Telematics Market Outlook, By Component (2021-2030) ($MN)
14 Global Automotive Telematics Market Outlook, By Hardware (2021-2030) ($MN)
15 Global Automotive Telematics Market Outlook, By Telematics Control Unit (2021-2030) ($MN)
16 Global Automotive Telematics Market Outlook, By GPS Module (2021-2030) ($MN)
17 Global Automotive Telematics Market Outlook, By Sensors (2021-2030) ($MN)
18 Global Automotive Telematics Market Outlook, By Software (2021-2030) ($MN)
19 Global Automotive Telematics Market Outlook, By Fleet Management Software (2021-2030) ($MN)
20 Global Automotive Telematics Market Outlook, By Navigation Software (2021-2030) ($MN)
21 Global Automotive Telematics Market Outlook, By Safety Software (2021-2030) ($MN)
22 Global Automotive Telematics Market Outlook, By Service (2021-2030) ($MN)
23 Global Automotive Telematics Market Outlook, By Connectivity Services (2021-2030) ($MN)
24 Global Automotive Telematics Market Outlook, By Professional Services (2021-2030) ($MN)
25 Global Automotive Telematics Market Outlook, By Managed Services (2021-2030) ($MN)
26 Global Automotive Telematics Market Outlook, By Technology (2021-2030) ($MN)
27 Global Automotive Telematics Market Outlook, By Embedded Telematics (2021-2030) ($MN)
28 Global Automotive Telematics Market Outlook, By Tethered Telematics (2021-2030) ($MN)
29 Global Automotive Telematics Market Outlook, By Hybrid Telematics (2021-2030) ($MN)
30 Global Automotive Telematics Market Outlook, By On-Board Diagnostics (OBD) Telematics (2021-2030) ($MN)
31 Global Automotive Telematics Market Outlook, By Other Technologies (2021-2030) ($MN)
32 Global Automotive Telematics Market Outlook, By Application (2021-2030) ($MN)
33 Global Automotive Telematics Market Outlook, By Navigation & Location-based Services (LBS) (2021-2030) ($MN)
34 Global Automotive Telematics Market Outlook, By Infotainment (2021-2030) ($MN)
35 Global Automotive Telematics Market Outlook, By Remote Diagnostics (2021-2030) ($MN)
36 Global Automotive Telematics Market Outlook, By Usage-Based Insurance (UBI) (2021-2030) ($MN)
37 Global Automotive Telematics Market Outlook, By Vehicle Health Monitoring (2021-2030) ($MN)
38 Global Automotive Telematics Market Outlook, By Other Applications (2021-2030) ($MN)
39 Global Automotive Telematics Market Outlook, By End User (2021-2030) ($MN)
40 Global Automotive Telematics Market Outlook, By Original Equipment Manufacturers (2021-2030) ($MN)
41 Global Automotive Telematics Market Outlook, By Fleet Management Companies (2021-2030) ($MN)
42 Global Automotive Telematics Market Outlook, By Automotive Dealerships & Service Centers (2021-2030) ($MN)
43 Global Automotive Telematics Market Outlook, By Insurance Companies (2021-2030) ($MN)
44 Global Automotive Telematics Market Outlook, By Other End Users (2021-2030) ($MN)
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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