Global Automotive OEM Telematics Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
The global automotive OEM telematics market is projected to reach USD 711.7 billion by 2030 from USD 64.7 billion in 2020, at an approximate CAGR of 27.1%.Telematics is the process of monitoring location and movement of a vehicle by combining Global Positioning System (GPS) and on-boards diagnostics systems. With the help of GPS and diagnostics system, it is possible to record the speed and internal behaviour of vehicles. Automotive OEM telematics is an amalgamation of telecommunication and information technology that provides various services, such as navigation and safety and security to vehicles. The main function of telematics is vehicle tracking, trailer tracking, container tracking, car sharing, emergency warning systems for vehicles and others. Telematics systems are mainly adopted by automobile insurance companies, fleet management companies, to monitor location and performance of a vehicle. Vehicle telematics solution comprises of three vital parameters - Telematics Control Unit (TCU), Telematics cloud server, and the front end- web app and mobile App. The cloud-based telematics server consists of a web server, an application server, and a database. The information collected by TCU is sent to cloud-based telematics server through a GPRS/cellular network over HTTPS and later the data stored in the telematics server can be accessed by end users using either a desktop or mobile application.
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Market Dynamics and Factors:
Rising awareness, advancements in smartphones, high speed internet connectivity, and developed GPS technology have changed the telematics business rapidly. Moreover, increasing awareness about driver’s safety and growing influence of safety regulations imposed by various governments have made telematics an essential component for vehicles. For instance, in April 2018, government of India passed a rule for all public transport vehicles over six-seater capacity to have a tracking device installed in them. Additionally, in December 2017, the Ministry of Industry and Information Technology and the Standardization Administration of China mutually established national guidelines for the development of telematics systems in the country. Furthermore, better acceptance of advanced technologies and gadgets, such as mobile phones, laptops, smart phones, tablets, telecommunications and many other technological goods in developed and developing regions is also attributing to the growth of the automotive telematics market across the globe. However, certain factors like high installation costs and threat of data hacking are restraining the market growth of the global automotive OEM telematics market.
Market Segmentation :
Global Automotive OEM Telematics Market – By Channel
OEM (Original Equipment Manufacturer)
Aftermarket
Global Automotive OEM Telematics Market – By Vehicle Type
Passenger Car
Commercial Vehicle
Two-Wheeler
Global Automotive OEM Telematics Market – By Application
Fleet Management
Navigation & Location-Based System, Infotainment System
Insurance Telematics
Safety & Security
V2x
Others
Global Automotive OEM Telematics Market – By Connectivity Solution
Embedded
Integrated Smartphones
Tethered
Global Automotive OEM Telematics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America dominates the automotive OEM telematics market in terms of market share and is expected to maintain this dominance during the forecast period. North America is the most advanced market in terms of premium telematics services with a significantly high attach rate. For instance, General Motors has offered telematics services for more than two decades, offering the technology as an integral part of its value proposition in North America. BMW introduced its connected drive service in North America in 1997. The Asia Pacific region is anticipated to witness the fastest market growth during the forecast period. For instance, China is projected to dominate the APAC automotive OEM telematics market owing to increasing government regulations pertaining to safety and security. Other developed markets such as Japan and South Korea are also contributing significantly to the automotive OEM telematics market growth of the APAC region by exhibiting higher attach rates.
Competitive Scenario:
The key players operating in the global automotive OEM telematics market are -
Agero Inc., Intel Corporation, LG Electronics, Panasonic Corporation, Qualcomm Technologies Inc., Trimble Inc., Robert Bosch GmbH, Delphi Technologies, NTT Docomo, Inseego Corp, Vodafone Automotive SpA.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Automotive OEM Telematics industry, although key threats, opportunities and disruptive technologies that could shape the Global Automotive OEM Telematics Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Automotive OEM Telematics Market most.
The data analysis present in the Global Automotive OEM Telematics Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Automotive OEM Telematics Market business.
The 2021 Annual Global Automotive OEM Telematics Market offers:
100+ charts exploring and analysing the Global Automotive OEM Telematics Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Automotive OEM Telematics Market type
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