Telematics Market Research Report - Global Forecast to 2027

Global Telematics Market Research: Technology (Embedded, Portable, and Hybrid), Service (Navigation, Diagnostic, On-Demand Infotainment, Maintenance, and Security), Application (Commercial, Automotive, IT & Telecommunication, Healthcare) - Forecast to 2027

ID: MRFR/ICT/0615-HCR | February 2021 | Region: Global | 110 pages

Market Overview

The telematics market is the integrated use of telecommunications and informatics for sending, receiving and storing information to control remote objects. With the global use of advanced technology, the telematics market had widened its horizon to vehicle technologies, electrical engineering, computer science, and many more. The telematics market is largely driven by Wireless Connectivity in automobiles, the industrial sector, and many others. Due to the various initiatives taken by the government for on-road public safety, the growth of the telematics market has increased many folds. Because of the changing market scenario, many crucial businesses are changing, their business strategy and starting to dealing cost-effectively.


Now the companies are keeping a keen insight on product development, acquisition, and mergers. Many big giants are investigating a lot of capital in the research and development of innovative telematics solutions. With the growing trend of telematics market solutions, it is estimated that it will show tremendous growth during the forecasted period from 2010 to 2023. It is expected to grow at a CAGR of 20%.

COVID 19 Analysis

The global pandemic of COVID 19 has badly impacted the lives of the people. It not only affected the health sector but also crushed the economic sector. Due to the downfall of the businesses economies have shifted towards forced recession across the globe. The shutdown of various manufacturing sectors and lack of labor had affected the telematics solutions market badly. It is expected that the companies will recover during the end of the first quarter and starting of the first quarter in the coming year.


To get out of this deep loss spiral, businesses have to strategize accordingly. They have to see what are their opportunities in the global market, and what can be the expected threat which is very much done by the telematics solutions market. They have analyzed their potential customers and planned their business strategies accordingly.

Telematics Market Research Report by Size, Trends and Analysis

 Telematics Market


Source: MRFR Analysis


Competitive Landscape


There are many giant key players in the telematics research market across the globe. Some of these giants are mentioned below:



  • Verizon Communication Inc. (U.S.)

  • HARMAN International Industries Inc. (U.S.)

  • Tom-Tom International BV (Netherlands)

  • AT&T (U.S.)

  • Vodafone Group Plc. (U.K)

  • Ford Motor Company (U.S.)

  • BMW Group (Germany)

  • Telefonica SA (Spain)

  • Mix Telematics (South Africa)

  • Trimble Navigation Ltd. (U.S.)

  • Tantalum Corporation (U.K.)

  • NXP Semiconductors (Netherlands)

  • Calamp Corp. (U.S.)

  • ORBCOMM Inc. (U.S.)


Market Dynamics


Drivers


The increasing growth of the telematics solution market is possible because of the emerging advancement in digital technology. The telematics solutions market has made possible communication between humans and machines and they are expected to grow further during the forecasted period. Artificial Intelligence which is the root cause in transportation, automation, construction, and industrial applications is one of the fastest-growing technology.


Opportunities


Telematics solutions are evolving in themselves and covering all the broader areas such as infrastructure, automotive, road, and health, and much more behavior the telematics market Industry is at the boom. It is also increasing its logistics and transport sector because of the growing demand shortly. It is expected to grow with a high CAGR of 20% soon which has many opportunities in the global market.


Threats


Telematics solutions with various opportunities in the global market also come with many threats and restraints. The most prominent restraint is the high initial cost and the high maintenance cost of the telematics market products. Since telematics solutions is a concept based on technology, it attracts various cyber-attacks. Hence businesses should take proper cybersecurity-related measures.


Value Chain Analysis


The telematics solution is the new technology trend. With the help of the telematics solutions market, accidents have reduced many times as it reports speeding and aggressive braking. It helps in improving the performance categorize drivers and their behaviour included. It ensures road safety for the fleet of vehicles. The new trend of telematics solutions also helps in in-cab coaching device that gives instant feedback regarding driving skills.


The telematics solutions market has shown a new way in the world of driving. Because of the increasing standards of telematics solutions, now businesses are spending a lot in research and development for the production of new products and to improve the existing products. So that they can make good quality cost-effective products to increase their profit margins.


Segment Overview


The telematics research market is categorised based on technology, services, and application.


By the Technology


The telematics research market, based on technology is divided into embedded, portable, and hybrid.


By the Services


The telematics research market, based on services can be categorized as navigation services, diagnostic services, on-demand infotainment service, and maintenance and security service.


By the Application


The telematics research market, based on the application can be sub-divided into commercial applications, automotive applications, IT and Telecommunication applications, healthcare, and government.


Regional Analysis


The global telematics research market is dominated by North America due to its high adoption of technology in recent years. Among all the countries in North America, the United States holds the major share for its growth mainly in commercial telematics. Not only this, high demand for a premium car with great comfort and advanced safety features has driven high growth in the global telematics research market.


Europe region is giving tough competition to North America and hence gets the second position globally. Europe region is leading due to the advancement in the automobile industry.  As the Asia-Pacific region is the fastest-growing region in all the perspectives, it holds the third position in the global market share of the telematics research market. This is also because of the increase in initiatives taken by the government.


Recent Developments



  • With the help of the telematics solution market, one can collect data regarding the behavior of a driver, location patterns, insurance, fleet logistics through GPS and mobile phone sensors. It helps in analyzing geo zones, driving style, performance, and point of interest.

  • Due to its high accuracy in collecting data by adopting cost-effective UBI technology, the telematics solution market is used in the insurance sector also. Now the insurance company does not have pay to any other manufacturer for making UBI hardware. The smartphone-based UBI policies minimize the operating cost and hence increases profit margin.

  • Shortly, it is estimated that the Advanced Driver Assistance System (ADAS), Mobility-as-a-Service providers (MaaS), and CASE, the entry of new industries utilizing internet of thing technology, and many others will also emerge along with autonomous vehicles technology.

  • With the growth of the telematics solutions market, many start-ups harness mobile-based technology’s power to improve driving habits, including distracted driving. It also has a way of getting driving data from sensors on smartphones.

  • Many insurance companies have launched a smartphone-based telematics platform to power new mobility telematics solutions. This uses a telematics platform to analyze data collected from smartphone sensors. It also detects excessive speeding, aggressive braking, and many other things.


Report Overview



  • Telematics market research report consists of the following:

  • Market overview

  • COVID 19 Analysis

  • Market Dynamics of Telematics market

  • Value Chain Analysis

  • Market Segmentation of Telematics market

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This report tells about the various growth opportunities available in the global market for the telematics solution market. This also captures the ill effects of the global pandemic of COVID 19 on the overall life of businesses. This report also covers various functions of the telematics solutions in the past. The estimation of future growth of the telematics solution market in the coming years is forecasted and mentioned.


Technology


Application programming interface, yard navigation, social media integration, direct connections with customers, photo reporting, video, OEM/Factory-Fit, improved prognostics for vehicle maintenance, cloud enablement.


Uses


Telematics solution market is used by smart components manufacturers, government agencies, electronic components manufacturers, value-added resellers, auto parts sellers, research firms, automation, and control networking technologies vendors, component manufacturers (sensors and controls), and many others.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 18 Billion (2023)
  CAGR   20% (2019)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Service, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Verizon Communication Inc. (U.S.), HARMAN International Industries Inc. (U.S.), Tom-Tom International BV (Netherland), AT&T (U.S.), Vodafone Group Plc. (U.K.), Ford Motor Company (U.S.), BMW Group (Germany), Telefonica SA (Spain), Mix Telematics (South Africa), and Trimble Navigation Ltd. (U.S.)
  Key Market Opportunities

  • To get out of this deep loss spiral, businesses have to strategize accordingly. \r\n
  • They have to see what are their opportunities in the global market,

    		•
      Key Market Drivers

  • The increasing growth of the telematics solution market is possible because of the emerging advancement in digital technology. \r\n
  • The telematics solutions market has made possible communication between humans and machines and they are expected to grow further during the forecasted period.



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    Frequently Asked Questions (FAQ) :

    Increasing implementation of renewable sources of energy within an electric vehicle, mounting demand for wireless connectivity in automobiles, a surge in information and communication technology and telecommunications across various sectors, and rising government initiatives for on-road public safety are some factors that drive the market of telematics solutions.

    The hybrid segment, portable segment, embedded segment are the two segments, in the technology segment.

    Prominent vendors are constantly innovating their products and also making large investments in research and development to offer an expansive, cost-effective portfolio. In recent years, the market has experienced many mergers and acquisitions between the players, with the aim to better their position in the coming years.

    Embedded, portable and hybrid are the top segments, depending on technology.

    Rising application of telematics in industries such as automotive, transportation, logistics, supply chain, healthcare, IT & Telecommunication and retail are the factors responsible for the massive market growth in Europe.

    The rising use of telematics solutions in various sectors like in automotive sector, logistics sector, transportation sector supply chain sector, healthcare sector, IT and telecommunication sector, and retail sector are responsible for the tremendous market growth rate in Europe

    The most prominent market trend is the increase in Artificial Intelligence in the telematics solutions market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope Of The Report

    2.1 Market Definition

    2.2 Scope Of The Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat Of New Entrants

    4.1.2 Bargaining Power Of Buyers

    4.1.3 Threat Of Substitutes

    4.1.4 Segment Rivalry

    4.2 Value Chain/Supply Chain Of Global Telematics Market

    5 Deployment Overview Of Global Telematics Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Telematics Market By Technology

    7.1 Introduction

    7.2 Embedded

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast By Region, 2020-2027

    7.3 Portable

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast By Region, 2020-2027

    7.4 Hybrid

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast By Region, 2020-2027

    8. Global Telematics Market By Service

    8.1 Introduction

    8.2 Navigation

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast By Region, 2020-2027

    8.3 Diagnostics

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast By Region, 2020-2027

    8.4 On-Demand Infotainment

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast By Region, 2020-2027

    8.5 Maintenance & Security

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast By Region, 2020-2027

    9. Global Telematics Market By Application

    9.1 Introduction

    9.2 Commercial

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast By Region, 2020-2027

    9.3 Automotive

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast By Region, 2020-2027

    9.4 IT & Telecommunication

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast By Region, 2020-2027

    9.5 Healthcare

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast By Region, 2020-2027

    9.6 Government

    9.6.1 Market Estimates & Forecast, 2020-2027

    9.6.2 Market Estimates & Forecast By Region, 2020-2027

    10. Global Telematics Market By Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, 2020-2027

    10.2.2 Market Estimates & Forecast By Technology, 2020-2027

    10.2.3 Market Estimates & Forecast By Service, 2020-2027

    10.2.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.2.5 U.S.

    10.2.5.1 Market Estimates & Forecast, 2020-2027

    10.2.5.2 Market Estimates & Forecast By Technology, 2020-2027

    10.2.5.3 Market Estimates & Forecast By Service, 2020-2027

    10.2.5.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.2.6 Mexico

    10.2.6.1 Market Estimates & Forecast, 2020-2027

    10.2.6.2 Market Estimates & Forecast By Technology, 2020-2027

    10.2.6.3 Market Estimates & Forecast By Service, 2020-2027

    10.2.6.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.2.7 Canada

    10.2.7.1 Market Estimates & Forecast, 2020-2027

    10.2.7.2 Market Estimates & Forecast By Technology, 2020-2027

    10.2.7.3 Market Estimates & Forecast By Service, 2020-2027

    10.2.7.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.3 Europe

    10.3.1 Market Estimates & Forecast, 2020-2027

    10.3.2 Market Estimates & Forecast By Technology, 2020-2027

    10.3.3 Market Estimates & Forecast By Service, 2020-2027

    10.3.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.3.5 Germany

    10.3.5.1 Market Estimates & Forecast, 2020-2027

    10.3.5.2 Market Estimates & Forecast By Technology, 2020-2027

    10.3.5.3 Market Estimates & Forecast By Service, 2020-2027

    10.3.5.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.3.6. France

    10.3.6.1 Market Estimates & Forecast, 2020-2027

    10.3.6.2 Market Estimates & Forecast By Technology, 2020-2027

    10.3.6.3 Market Estimates & Forecast By Service, 2020-2027

    10.3.6.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.3.7 U.K

    10.3.7.1 Market Estimates & Forecast, 2020-2027

    10.3.7.2 Market Estimates & Forecast By Technology, 2020-2027

    10.3.7.3 Market Estimates & Forecast By Service, 2020-2027

    10.3.7.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.4 Asia Pacific

    10.4.1 Market Estimates & Forecast, 2020-2027

    10.4.2 Market Estimates & Forecast By Technology, 2020-2027

    10.4.3 Market Estimates & Forecast By Service, 2020-2027

    10.4.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.4.5 China

    10.4.5.1 Market Estimates & Forecast, 2020-2027

    10.4.5.2 Market Estimates & Forecast By Technology, 2020-2027

    10.4.5.3 Market Estimates & Forecast By Service, 2020-2027

    10.4.5.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.4.6 India

    10.4.6.1 Market Estimates & Forecast, 2020-2027

    10.4.6.2 Market Estimates & Forecast By Technology, 2020-2027

    10.4.6.3 Market Estimates & Forecast By Service, 2020-2027

    10.4.6.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.4.7 Japan

    10.4.7.1 Market Estimates & Forecast, 2020-2027

    10.4.7.2 Market Estimates & Forecast By Technology, 2020-2027

    10.4.7.3 Market Estimates & Forecast By Service, 2020-2027

    10.4.7.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.4.8 Rest Of Asia Pacific

    10.4.8.1 Market Estimates & Forecast, 2020-2027

    10.4.8.2 Market Estimates & Forecast By Technology, 2020-2027

    10.4.8.3 Market Estimates & Forecast By Service, 2020-2027

    10.4.8.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.5 Rest Of The World

    10.5.1 Market Estimates & Forecast, 2020-2027

    10.5.2 Market Estimates & Forecast By Technology, 2020-2027

    10.5.3 Market Estimates & Forecast By Service, 2020-2027

    10.5.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.5.5 The Middle East & Africa

    10.5.5.1 Market Estimates & Forecast, 2020-2027

    10.5.5.2 Market Estimates & Forecast By Technology, 2020-2027

    10.5.5.3 Market Estimates & Forecast By Service, 2020-2027

    10.5.5.4 Market Estimates & Forecast By Deployment, 2020-2027

    10.5.6 Latin Countries

    10.5.6.1 Market Estimates & Forecast, 2020-2027

    10.5.6.2 Market Estimates & Forecast By Technology, 2020-2027

    10.5.6.3 Market Estimates & Forecast By Service, 2020-2027

    10.5.6.4 Market Estimates & Forecast By Deployment, 2020-2027

    11. Company Landscape

    12. Company Profiles

    12.1 Verizon Communication Inc.(U.S.)

    12.1.1 Company Overview

    12.1.2 Product/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 HARMAN International Industries Inc.(U.S.)

    12.2.1 Company Overview

    12.2.2 Product/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 Tom-Tom International BV (Netherland)

    12.3.1 Company Overview

    12.3.2 Product/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 AT&T (U.S.)

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 Vodafone Group Plc. (U.K.)

    12.5.1 Company Overview

    12.5.2 Product/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 Ford Motor Company (U.S.)

    12.6.1 Company Overview

    12.6.2 Product/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 BMW Group (Germany)

    12.7.1 Company Overview

    12.7.2 Product/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Telefonica SA (Spain)

    12.8.1 Company Overview

    12.8.2 Product/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 Mix Telematics (South Africa)

    12.9.1 Company Overview

    12.9.2 Product/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 Trimble Navigation Ltd. (U.S.)

    12.10.1 Company Overview

    12.10.2 Product/Business Segment Overview

    12.10.3 Financial Updates

    12.10.4 Key Developments

    13 Conclusion

    LIST OF TABLES

    Table1 World Population By Major Regions (2017 To 2030)

    Table2 Global Telematics Market: By Region, 2020-2027

    Table3 North America Telematics Market: By Country, 2020-2027

    Table4 Europe Telematics Market: By Country, 2020-2027

    Table5 Asia Pacific Telematics Market: By Country, 2020-2027

    Table6 The Middle East & Africa Telematics Market: By Country, 2020-2027

    Table7 Latin America Telematics Market: By Country, 2020-2027

    Table8 Global Telematics By Technology Market: By Regions, 2020-2027

    Table9 North America Telematics By Technology Market: By Country, 2020-2027

    Table10 Europe Telematics By Technology Market: By Country, 2020-2027

    Table11 Asia Pacific Telematics By Technology Market: By Country, 2020-2027

    Table12 The Middle East & Africa Telematics By Technology Market: By Country, 2020-2027

    Table13 Latin America Telematics By Technology Market: By Country, 2020-2027

    Table14 Global Technology Market: By Region, 2020-2027

    Table15 Global Deployment Market: By Region, 2020-2027

    Table16 Global Deployment Market: By Region, 2020-2027

    Table17 North America Telematics Market, By Country

    Table18 North America Telematics Market, By Technology

    Table19 North America Telematics Market, By Service

    Table20 Europe: Telematics Market, By Service

    Table21 Europe: Telematics Market, By Technology

    Table22 Asia Pacific: Telematics Market, By Country

    Table23 Asia Pacific: Telematics Market, By Technology

    Table24 Asia Pacific: Telematics Market, By Service

    Table25 The Middle East & Africa: Telematics Market, By Country

    Table26 The Middle East & Africa Telematics Market, By Technology

    Table27 The Middle East & Africa Telematics Market, By Service

    Table28 Latin America: Telematics Market, By Country

    Table29 Latin America Telematics Market, By Technology

    Table30 Latin America Telematics Market, By Service

    LIST OF FIGURES

    FIGURE 1 Global Telematics Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis Of Global Telematics Market

    FIGURE 4 Value Chain Of Global Telematics Market

    FIGURE 5 Share Of Global Telematics Market In 2017, By Country (In %)

    FIGURE 6 Global Telematics Market, 2020-2027,

    FIGURE 7 Sub Segments Of Technology

    FIGURE 8 Global Telematics Market Size By Technology, 2017

    FIGURE 9 Share Of Global Telematics Market By Technology, 2020-2027

    FIGURE 10 Global Telematics Market Size By Service, 2017

    FIGURE 11 Share Of Global Telematics Market By Service, 2020-2027