#AutomotiveTelematicsMarket

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Vehicle Telematics Market by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing & Other), Form & Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region

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Application segments performance in the global automotive telematics market

The global automotive telematics market is expected to grow at a CAGR of (16.28%) during the forecast period. Based on application, the global automotive telematics market is segmented into commercial vehicles and passenger cars.

The commercial vehicles segment has been witnessing rapid technological advances with the incorporation of intelligent vehicle systems. The growing demand for better fuel efficiency and safety is among the factors responsible for the increased adoption of telematics in the commercial vehicles segment. The use of in-vehicle telematics helps monitor driver behavior, reduces fuel consumption, improves driver safety, and enables cost savings. OEMs provide numerous connectivity options, such as embedded telematics devices, tethered handsets, and smartphone integrated systems, for connected vehicles. Increasing smartphone penetration has resulted in OEMs developing telematics systems that can be controlled through handheld devices.

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OnCommand Connection is an open architecture design that can be integrated with a fleet’s existing telematics platform. The reduction in downtime is achieved on the back of vehicle health reports and repair recommendation data provided by the OnCommand Connection system. OEMs are also moving toward the release of open data platform, which allows customers to use third-party services in a secure and transparent way. This will be a crucial driver for the growth of telematics in commercial vehicles, thereby boosting the growth of the global automotive telematics market during the forecast period.

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The asia pacific (South Korea, India, China, Japan, ASEAN, Oceana) automotive telematics market is expected to witness significant contribution to the overall automotive telematics market

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The Automotive Telematics Solutions Market size is projected to reach USD 62.6 billion by 2025 from an estimated USD 29.9 billion in 2020, growing at a CAGR of 15.9% during the forecast period, driven by the developments in telematics sector and growing technology acceptance.

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Telematics Solutions Market | Trends, Growth and Forecast – 2025

According to the new market research report "Telematics Solutions Market by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing & Other), Form & Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region - Global Forecast to 2025" The Telematics Solutions Market is projected to reach USD 62.6 billion by 2025 from an estimated USD 29.9 billion in 2020 at a CAGR of 15.9% during the forecast period.

The Telematics Solutions Market growth is governed by the increasing trend of in-vehicle connectivity solutions and government initiatives towards developments in intelligent transportation systems & connected cars. The market growth is also supported by the continual improvement in network infrastructure along with increasing technology acceptance among the consumers. Therefore, the Telematics Solutions Market is expected to witness significant growth in the future.

Browse in-depth TOC on "Telematics Solutions Market"

130 – Tables 20 – Figures 180 – Pages

The Global Telematics Solutions Market is dominated by major players such as Robert Bosch GmbH (Germany), AT&T INC. (US), Continental AG (Germany), LG Electronics (South Korea), and Verizon (US).

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Fleet Management Market is expected to grow at the fastest CAGR by service segment.

Fleet Management market is driven by the continuous increase in the demand for logistics and transport. Large commercial vehicle fleet owners mainly use this kind of service. The determiners of the segment growth are the growing need for operational efficiency, cost reduction, and better overall management of fleet and resources. With fleet management, organizations can have better access to plan maintenance of vehicles, enhanced driver safety, proper routing of fleets that can all ultimately lead to effective operations of the fleet. Adding to that, vehicle connectivity and smart transportation are increasingly helping organizations to ensure safe operations of the fleets. Fleet management also helps in higher efficiency, consistent performances, and ultimately reduced costs. Currently, the market is mainly concentrated in North America and Europe.

Embedded System is expected to lead the market during the forecast period

The regulatory mandates in the EU drive the embedded telematics segment growth. EU has recently mandated that all new car models in member states must have integrated telematics as part of its European eCall system, connecting a vehicle to emergency services following a collision and providing location and impact information. Similar mandates are expected to be followed by other countries in the future. The embedded telematics segment growth in the long term is attributed to various disruptive factors such as government mandates, cost optimization of service plans, and an increase in cloud-based services. By 2025, the embedded form of connectivity is estimated to dominate the market with the largest market share.

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Asia Pacific region is expected to lead the OE market during the forecast period.

One of the critical drivers for the Asia Pacific market is the increased demand for fleet management and navigation services, particularly in China, Japan, India, and South Korea. The tech-savvy populations in these countries are now getting more inclined towards connected driving experience. The demand for telematics in the Asia Pacific is significantly driven by strong economic growth, ongoing advancement in the automotive sector, and rapid urbanization. As safety regulations have been made in Japan and South Korea, the demand for telematics in these countries is anticipated to increase in the coming years.

Owing to favorable government initiatives, telecom infrastructure has registered significant growth in APAC. For instance, the installation of telematics systems and satellite positioning in commercial vehicles has been made mandatory by the Chinese government. Moreover, increasing smartphone penetration is likely to create a strong base for telematics. In 2017, the Chinese Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of China (SAC) issued a draft to establish national standards for China’s Intelligent & Connected Vehicles (ICV). Due to the growing population and vehicle demand, China is expected to introduce vehicle and road safety regulations. Baidu and Alibaba which are the biggest technology companies in China are pushing to develop platforms for telematics services. Moreover, the Japanese automotive companies are also inventing and implementing telematics services and solutions. In 2019, Airbiquity announced it had become a member of the Japan Automotive Software Platform and Architecture (JASPAR), an organization dedicated to advancing the standardization of in-vehicle software and networks to enhance development efficiency and reliability.

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Telematics Solutions Market for On & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, & Diagnostics), Form Factor, Hardware, Equipment Type, Technology, Aftermarket & Region - Forecast to 2022

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Global Telematics Solutions Market 2022: Industry Key Players, Share, Trend, Applications

Global Industry News: Telematics Solutions Market by 2022

“Telematics Solutions Market for On & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, & Diagnostics), Form Factor, Hardware, Equipment Type, Technology, Aftermarket & Region — Forecast to 2022”, The telematics market for on & off-highway vehicles is projected to grow at a CAGR of 14.37% during the forecast period, to reach a market size of USD 40.84 billion by 2022.

The increasing number of safety and security regulations (eCall, stolen vehicle recovery, ERA GLONASS, and ELD mandate), rising demand for vehicle data for interpretation and analysis, improved productivity and utilization of off-highway equipment, and reduced operational costs are the key drivers for this market.

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Players Profiled in the Report are:

Robert Bosch GmbH (Germany)

Continental AG (Germany)

LG Electronics (South Korea)

Verizon (U.S.)

Harman International (U.S.)

Qualcomm Technologies, Inc. (U.S.)

Delphi Automotive PLC (U.K.)

Trimble, Inc. (U.S.)

Intel (U.S.)

Magneti Marelli S.P.A. (Italy)

TomTom International B.V. (Netherlands)

Visteon Corporation (U.S.)

“Diagnostics services are projected to grow at the fastest rate in the off-highway telematics market over the period of next five years”

The diagnostics services segment is estimated to grow at the highest CAGR in the telematics market for off-highway vehicles during the forecast period. The diagnostics services allow the users to proactively monitor the engine condition and send a maintenance alert in advance, if required, to prevent a major breakdown. Further, predictive maintenance helps to check the equipment operation and reliability to ensure smooth functioning of the equipment. Hence, the minimization of maintenance and repairing costs and performance monitoring of critical parts are expected to drive the diagnostics services market for off-highway vehicles in the near future.

“Cellular technology is estimated to have the largest share of the off-highway telematics market”

The cellular technology is estimated to have the largest share of the telematics market for off-highway vehicles during the forecast period. Nowadays, the devices are compatible with 3G and 4G LTE technology for data communication. Countries such as the U.S., Canada, Germany, France, Japan, and South Korea have a high installed base of cellular technology owing to the excellent network infrastructure. China, India, and Brazil have also shown a significant growth potential due to infrastructural developments, an increasing number of users, and connectivity solution providers. Hence, owing to the wide network coverage offered by established network providers such as AT&T (U.S.), Verizon (U.S.), and Vodafone Group (U.K.) in North America, Europe, and a few Asian countries, the cellular technology will continue to be an attractive option and will remain dominant in the coming years.

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“Asia Oceania: The fastest-growing telematics market for off-highway vehicles from 2017 to 2022”

The Asia Oceania telematics market for off-highway vehicles is projected to grow at the highest CAGR during the forecast period. The growth of this market is mainly driven by the construction equipment. The factors contributing to the growth of this market are a large consumer base, high demand for basic infrastructural facilities, and a constant increase in infrastructure funding. According to a report published by Oxford Economics in collaboration with PricewaterhouseCoopers (PwC), the global infrastructure spending will grow to approximately USD 9.0 trillion per year by 2025, out of which China’s share will be close to 60%. Also, countries such as India and China are introducing a number of projects for infrastructure development. Therefore, the equipment must have advanced solutions to increase operational performance and cater to the increased demand. This will further drive the telematics market in this region.