Telematics in automotive Market, by application (Vehicle Tracking, Fleet Management, Satellite Navigation), systems (Driving Assistance systems, Telematics Control Unit, GPS,), Type, vehicle type, distribution channel, region - Forecast till 2027

Telematics in Automotive Market Synopsis

Telematics in automotive Market is expected to expand with a CAGR of 15% over the forecast period.

Telematics describes the technology used within fleet tracking to manage a vehicle or a fleet of vehicles and other assets, especially in applications such as trucking, site excavation, and construction. Automotive Telematics comprises incorporation of telecommunications, vehicular technology and data processing. The use of telematics in automobiles makes it a suitable mobile information station. Telematics provides live updates of a vehicle with high accuracy. The growth of the market is majorly driven by the increase in awareness among the public for benefits of the use of telematics in vehicles and the increase in road congestions and road accidents. Also, the increasing government support for use of telematics in vehicles and the boom in demand for wireless communication system by passengers will, further, fuel the growth of the market.

The governing bodies all across the globe are introducing new emission standards with the objective to reduce the amount of pollution caused by vehicles. The increasing sales of vehicles significantly leads to the declining air quality. Government organizations are upgrading emission standards for promoting the manufacturing and use of non-polluting green vehicles. The development and adoption of green vehicles is expected to contribute towards the reduction of greenhouse gas (GHG) levels in the atmosphere. Further, the rise in occurrences of road accidents is further expected to drive the market over the forecast period. There is an increase in the need for safety measures with the rising concerns for decreasing human casualties and vehicular damages. The increase in traffic leads to numerous issues, such as the need for effective vehicular mass transportation, disoriented transits, and traffic congestions on the road.

However, the growth of this market is expected to be restrained by the high cost of such telematics systems and the lack of technical knowledge. The entry of new players and untapped markets in developing nations are expected to be growth opportunities over the forecast period. 

Key Players 

The major player operating in the market of global telematics in automotive market are Trimble, Inc.(U.S.), Masternaut Limited (France), TomTom International B.V.( Netherlands), Telogis (U.S.), and   Visteon Corporation (U.S.). Continental AG (Germany), Airbiquity, Inc.(U.S.), AT&T Inc.(U.S.), Delphi Automotive PLC (U.K.), Harman International Industries, Inc. (U.S.), Robert Bosch GmbH (Germany), Trimble Inc. (U.S.), and Verizon Communications, Inc. (U.S.) are among others.

Global Telematics in automotive market: Segmentation

 

Regional Analysis

The global telematics in automotive market has been segmented into the regions of North America, Asia Pacific, Europe and Rest of the World. Amongst these, North America region is expected to dominate the global automotive telematics system market, followed by Europe and Asia Pacific. In North America region, U.S. is the major user of automotive telematics system within the vehicle. Governments of such developed economies have introduced various regulations and policies with the objective of increasing the use of automotive telematics systems, for improving road safety. The market is further driven by the increase in adoption of advanced technology and gadgets such as mobile phones, smartphones, laptops and other related technological goods. Also, the major manufacturers are investing in new product developments by integrating new features in telematics devices for competing with the objective of retaining or increasing their market share.

Furthermore, the Asia Pacific region is projected to witness the highest growth over the forecast period owing to the increase in domestic demand for wireless communication system within the automobiles, majorly in the developing countries such as China and India. In Asia Pacific region, China dominates the telematics in automotive market, followed by Japan.

The report for Global Telematics in automotive Market of Market Research Future covers extensive primary research accompanied with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detailed information about the strategies of the top companies in the industry. The report also gives a broad study of the different market segments and regions.

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: Significant Value
CAGR	15% CAGR (2020-2027)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	application, systems, Type, vehicle type and Distribution channel
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Trimble, Inc.(U.S.), Masternaut Limited (France), TomTom International B.V.( Netherlands), Telogis (U.S.), and Visteon Corporation (U.S.). Continental AG (Germany), Airbiquity, Inc.(U.S.), AT&T Inc.(U.S.), Delphi Automotive PLC (U.K.), Harman International Industries, Inc. (U.S.), Robert Bosch GmbH (Germany), Trimble Inc. (U.S.), and Verizon Communications, Inc. (U.S.)
Key Market Opportunities	Increase in adoption of advanced technology and gadgets
Key Market Drivers	Increase in awareness among the public for benefits Increase in road congestions and road accidents

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