Automotive Telematics Market Competitive Landscape, Research Methodology, Business Opportunities, Statistics and Industry Analysis Report by 2027

The growth of the market is attributed to the rise in preference for security and safety features in vehicles, being demanded by consumers in the Western hemisphere

Market Size – USD 63.83 Billion in 2019, Market Growth – CAGR of 26.4%, Market Trends – Adoption of technology in the automobile sector.

The Global Automotive Telematics Market is projected to reach USD 415.93 billion by 2027, according to a recent report by Emergen Research. The stringent rules set by the government in association with property identification coupled with increased usage of cloud-based technology is likely to drive the expansion of the global automotive telematics market.

On the other hand, the threat of knowledge hacking, high installation price, and therefore the dearth of unceasing and seamless net property impede the market to some extent. Withal, the good transportation, increased performance of autonomous vehicles, higher driver and vehicle safety, Associate in Nursingd improvement of business selections for fleet house are expected to form an array of opportunities within the industries.

Rise in adoption of web-based services and convenience of advanced communication technology offer vast growth opportunities for fleet management businesses. Major technologies utilized in the market embody GPS trailing system, telematics and M2M communication, among others. In telematics and M2M devices, with sturdy communication network, fleet management activities are often simply handled, and have a fast access and response mechanism. Moreover, many solutions offered within the automotive telematics market collect, manage, explore, interpret, and analyze the driving information of a selected driver. Such good fleet management solutions generate an enormous volume of knowledge, and help in establishing new business avenues in autonomous driving.

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Key Highlights From The Report

  • Vehicles across every fleet have become technology dependant, the association of which is predicted to drive the automotive telematics market. Moreover, high fuel economy and low carbon emission are the prime concern of vehicle owners. Thus, telematics service suppliers facilitate on improving the ownership cost of a vehicle.
  • Fleet management services occupies a significant part of the market share when it comes to areas of applications. Adoption of telematics services and technology and advanced technologies in vehicles to reinforce safety are anticipated to propel the automotive telematics market.
  • Key participants include Trimble Inc., Omnitracs, Verizon, I.D.Systems Inc., Masternaut Limited, Airbiquity Inc., TomTom Telematics B.V, Harman International Industries, Inc., MiX Telematics, Teletrac Navman, and Cartrack.

Regional Analysis:

The report sheds light on the region expected to dominate the Automotive Telematics market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Automotive Telematics market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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For the purpose of this report, Emergen Research has segmented the global Automotive Telematics Market on the basis of vehicle type, applications, connectivity solutions, and region:

  • Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
    • Passenger Vehicle
    • Commercial Vehicle
    • Two-Wheeler
  • Applications Outlook (Revenue, USD Billion; 2017-2027)
    • Asset/Fleet Management
    • Navigation and Location Based System
    • Infotainment System
    • Insurance Telematics
    • Safety and Security
    • V2X
  • Connectivity Solutions Outlook (Revenue, USD Billion; 2017-2027)
    • Embedded
    • Integrated Smartphones
    • Tethered
  • Applications Outlook (Revenue, USD Billion; 2017-2027)
    • Park Assist System
    • Lane Departure Warning System
    • Adaptive Cruise Control System
    • Autonomous Emergency Braking System
    • Blind Spot Detection
    • Others

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