Global Automotive Telematics Market, By On-Highway Vehicle Services (Emergency Calling, Navigation and Infotainment, On-Road Assistance, Remote Diagnostics, Vehicle Tracking/Recovery), On-Highway Vehicle Form Factor (Embedded Telematics Solutions, Integrated Telematics Solutions, Tethered Telematics Solutions), Off-Highway Vehicle Services (Fuel Management, Location/Usage Tracking, Maintenance and Repair, Navigation, Diagnostics, Other Services), Off-Highway Vehicles Technology (Cellular Technology, Satellite Technology), Hardware (Infotainment Display Unit, Telematics Solutions Control Unit), Vehicle (Passenger Car, Commercial Vehicles) – Industry Trends and Forecast to 2031.
Automotive Telematics Market Analysis and Size
The global automotive telematics market is experiencing rapid growth and is expected to continue expanding significantly in the coming years. This growth is driven by several key factors, including the increasing demand for connected vehicles, advancements in communication technologies, and the rising focus on road safety and vehicle efficiency. The advancements in communication technologies, such as 5G networks, are enabling faster and more reliable data transmission in vehicles. This allows for more sophisticated telematics applications, such as vehicle-to-vehicle (V2V) communication and advanced driver assistance systems (ADAS), which further drive market growth.
Global automotive telematics market size was valued at USD 76.66 billion in 2023 and is projected to reach USD 324.39 billion by 2031, with a CAGR of 19.76% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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On-Highway Vehicle Services (Emergency Calling, Navigation and Infotainment, On-Road Assistance, Remote Diagnostics, and Vehicle Tracking/Recovery), On-Highway Vehicle Form Factor (Embedded Telematics Solutions, Integrated Telematics Solutions, and Tethered Telematics Solutions), Off-Highway Vehicle Services (Fuel Management, Location/Usage Tracking, Maintenance and Repair, Navigation, Diagnostics, and Other Services), Off-Highway Vehicles Technology (Cellular Technology and Satellite Technology), Hardware (Infotainment Display Unit and Telematics Solutions Control Unit), Vehicle (Passenger Car and Commercial Vehicles)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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Verizon (U.S.), Magneti Marelli S.p.A. (Italy), Intel Corporation (U.S.), MiX Telematics (South Africa), Robert Bosch GmbH (Germany), HARMAN International (U.S.), TomTom International BV (Netherlands), Masternaut Limited (U.K.), I.D. Systems (U.S.), Teletrac Navman US Ltd (U.S.), Trimble Inc. (U.S.), Omnitracs (U.S.), Continental AG (Germany), Bridgestone Corporation (Japan), Delphi Technologies (U.K.), Qualcomm Technologies, Inc. (U.S.), LG Electronics (South Korea), Visteon Corporation (U.S.)
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Market Opportunities
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Market Definition
Automotive telematics refers to the integrated use of telecommunications and informatics in vehicles to provide various services such as navigation, safety and security, diagnostics, entertainment, and other functionalities. Telematics systems typically involve the use of GPS technology for location tracking, along with communication systems to transmit data between the vehicle and external servers or devices. These systems can provide real-time information to drivers and fleet managers, improve vehicle safety and efficiency, and enable advanced features such as remote diagnostics and vehicle tracking.
Automotive Telematics Market Dynamics
Drivers
- Growing Demand for Connected Vehicles
Consumers are increasingly seeking vehicles with advanced features such as real-time navigation, remote diagnostics, and entertainment systems. These features not only enhance the driving experience but also offer convenience and safety benefits. Real-time navigation systems provide drivers with up-to-date traffic information and optimal routes, while remote diagnostics enable vehicle owners to monitor their vehicle's health and performance remotely. Additionally, entertainment systems offer passengers a variety of entertainment options, making long journeys more enjoyable. As consumers become more accustomed to the convenience and benefits of connected vehicles, the demand for telematics systems is expected to continue to rise, driving market growth.
- Advancements in Communication Technologies
The automotive telematics market is benefiting from rapid advancements in communication technologies, particularly the development of 5G networks. 5G networks offer significantly faster data transmission speeds and lower latency, enabling more sophisticated telematics applications in vehicles. These advancements allow for more reliable and seamless communication between vehicles and external networks, enhancing the functionality of telematics systems. For example, 5G networks enable faster and more accurate real-time navigation, as well as improved connectivity for entertainment systems. As communication technologies continue to advance, the capabilities of telematics systems are expected to expand, driving further market growth.
Opportunities
- Integration with IoT and AI with Automotive Telematics
The integration of telematics systems with Internet of Things (IoT) and Artificial Intelligence (AI) technologies is revolutionizing the automotive industry. By leveraging IoT devices and AI algorithms, telematics systems can provide more personalized and predictive services to vehicle owners. For example, IoT sensors can collect real-time data on vehicle performance and driver behavior, which can then be analyzed by AI algorithms to predict maintenance needs and provide proactive alerts to drivers. The integration of IoT and AI technologies is driving innovation in the market and is expected to lead to the development of more advanced and intelligent automotive telematics solutions in the future.
- Development of Autonomous Vehicles
Telematics systems play a crucial role in enabling vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, which is essential for the safe and efficient operation of autonomous vehicles. By exchanging real-time data with other vehicles and infrastructure, autonomous vehicles can navigate complex traffic situations more effectively and reduce the risk of accidents. Telematics systems also enable autonomous vehicles to access and analyze data from various sources, such as traffic lights, road signs, and other vehicles, to make informed decisions about navigation and driving behavior. As the development of autonomous vehicles continues, the demand for advanced telematics systems that can support V2V and V2I communication is expected to grow, creating new market opportunities.
Restraints/Challenges
- High Cost of Implementation
The high cost associated with implementing telematics systems includes not only the hardware and software components of the telematics system but also the connectivity required to transmit data. For consumers, the upfront cost of purchasing and installing a telematics system can be prohibitive, while for companies operating fleets of vehicles, the cost of equipping each vehicle with a telematics system can quickly add up. This high cost of automotive telematics poses a significant barrier to adoption for many consumers and companies, especially in emerging markets.
- Data Security Concerns
The collection and transmission of sensitive vehicle and driver data raise concerns about data privacy and security. Automotive telematics systems gather a wide range of data, including location information, vehicle diagnostics, and driver behavior, which can be highly sensitive. Unauthorized access to this data could lead to privacy breaches, identity theft, and other security risks, which can be a challenge for market growth.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In May 2023, Targa Telematics made a significant announcement regarding its acquisition of Viasat Group Spa, resulting in the formation of a major global player in the Internet of Things (IoT) field. This acquisition will facilitate the development of innovative solutions and digital services for connected mobility, with a focus on eight key European countries: Italy, Portugal, Spain, France, the UK, Belgium, Poland, and Romania, as well as a presence in Chile
- In May 2023, Bridgestone Mobility Solutions announced its partnership with RIO, a digital service provider. This collaboration allows Bridgestone's Webfleet to seamlessly integrate its telematics solutions into all MAN trucks equipped with existing original equipment manufacturer (OEM) hardware RIO boxes from MAN
- In March 2022, Geotab, a renowned player in the Internet of Things (IoT) and connected transportation sectors, revealed its collaboration with Free2Move, the global expert in fleet, mobility, and connected data services under Stellantis. This partnership aims to introduce a Geotab Integrated Solution tailored for Stellantis vehicles, encompassing brands like Ram, Dodge, Jeep, and Chrysler
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Top of Form
Automotive Telematics Market Scope
The market is segmented on the basis of on-highway vehicle services, on-highway vehicle form factor, off-highway vehicle services, off-highway vehicles technology, hardware, and vehicle. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On-Highway Vehicle Services
- Emergency Calling
- Navigation and Infotainment
- On-Road Assistance
- Remote Diagnostics
- Vehicle Tracking/Recovery
On-Highway Vehicle Form Factor
- Embedded Telematics Solutions
- Integrated Telematics Solutions
- Tethered Telematics Solutions
Off-Highway Vehicle Services
- Fuel Management
- Location/Usage Tracking
- Maintenance and Repair
- Navigation
- Diagnostics
- Other Services
Off-Highway Vehicles Technology
- Cellular Technology
- Satellite Technology
Hardware
- Infotainment Display Unit
- Telematics Solutions Control Unit
Vehicle
- Passenger Car
- Commercial Vehicles
Automotive Telematics Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, on-highway vehicle services, on-highway vehicle form factor, off-highway vehicle services, off-highway vehicles technology, hardware, and vehicle as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
Asia-Pacific is expected to dominate the market and show significant growth due to upcoming government regulations and policies regarding telematics, which are expected to drive the adoption of telematics solutions across various industries. In addition, the region is witnessing a growing concern for safety and security, leading to an increased demand for telematics systems that can enhance vehicle and asset tracking. Moreover, the rise in telematics management solutions in Asia-Pacific is further fueling market growth, as businesses are increasingly relying on these technologies to optimize their operations and improve efficiency.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Telematics Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Verizon (U.S.)
- Magneti Marelli S.p.A. (Italy)
- Intel Corporation (U.S.)
- MiX Telematics (South Africa)
- Robert Bosch GmbH (Germany)
- HARMAN International (U.S.)
- TomTom International BV (Netherlands)
- Masternaut Limited (U.K.)
- I.D. Systems (U.S.)
- Teletrac Navman US Ltd (U.S.)
- Trimble Inc. (U.S.)
- Omnitracs (U.S.)
- Continental AG (Germany)
- Bridgestone Corporation (Japan)
- Delphi Technologies (U.K.)
- Qualcomm Technologies, Inc. (U.S.)
- LG Electronics (South Korea)
- Visteon Corporation (U.S.)
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