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Automotive Telematics System Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4515634
  • Report
  • 70 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Actia Group
  • Continental AG
  • Ficosa International SA
  • Magnetic Marelli SpA
  • NavInfo Co.,Ltd.
  • Octo Telematics
  • MORE
Market Overview

The global automotive telematics system market is expected to register a CAGR of 5.21%, during the forecast period, 2019-2024.
  • The market is primarily driven by technological improvements aimed at enhancing the overall in-vehicle experience of passengers and also bringing about a greater degree of interaction within and among the vehicles.
  • In addition, the market is also driven by strict safety norms, increased safety awareness, and affordability to adopt few features of telematics systems.
  • However, installing a few advanced telematics infrastructures in the vehicle continues to remain expensive.
  • The use of automotive telematics in EVs is also expected to propel the market growth over the coming years. The leading vendors are looking to leverage the opportunity presented by the introduction of electric vehicles (EVs) in the market.
  • Equipping the new vehicles with e-Call as a mandate from the European Commission has also helped to expand the telematics market in Europe. The region is also home to a number of automotive telematics hardware suppliers in countries like Germany, the UK, and Italy.
  • Safety constitutes the major segment in the services offered by automotive telematics. Wireless vehicle safety communications telematics majorly aid in car safety and road safety. The electronic sub-system in a car is used for the purpose of exchanging safety information about road hazards, and the location and speed of vehicles.
  • In addition to wireless local area networks, emergency warning systems telematics are also developed like collision warning for international harmonization and standardization of vehicle-to-vehicle, infrastructure-to-vehicle, and vehicle-to-infrastructure to provide real-time short-range communication systems. Information from telematics is also used extensively in car-sharing and also for auto insurance purposes.
Scope of the Report

Telematics system comprises electronic, electromechanical, and electromagnetic devices - usually silicon micro-machined components operating in conjunction with computer controlled devices and radio transceivers to monitor vehicle operations and provide its functional details precisely. Majority of the telematics systems offer stolen-vehicle assistance, such as locating a vehicle using GPS. Also, by combining a GPS system with on-board diagnostics it is possible to record and map - exactly where a car is and how fast it is traveling, and cross-reference that with how a car is behaving internally. Such information is predominantly used by insurance companies. Additionally, telematic devices are also used to manage a vehicle fleet efficiently. The aforementioned services offered by telematics system have been considered in the scope of the market.

The automotive telematics system market has been segmented by service and geography.

Key Market Trends

Safety and Security to Witness Faster Growth

Stolen vehicle tracking, automatically alerting the help centers in case of accidents, driver monitoring and remote locking/unlocking of vehicles are typical applications offered under safety and security features of telematics devices.

To reduce road accidents, the governments are further raising the bar for the safety evaluation of vehicles as well as to reduce the turnaround time for medical help to vehicle operators in case of emergence incurred.

Additionally, players in the automotive industry have been consistently working to improve vehicle safety & security features, by enhancing vehicle telematics technology to meet the growing regulation standards in the respective regions.
  • In July 2018, STMicroelectronics announced that it has developed next generation, cost-effective digit-input automotive audio amplifiers (namely FDA803D and FDA903D) for vehicle safety equipment such as telematics and emergency e-call equipment, Acoustic Vehicle Alerting Systems (AVAS) in hybrid and electric vehicles and also enhance high-end infotainment systems. These devices hold a certification of ISO 26262 ASIL (Automotive Safety Integrity Level).
The above trends toward development of vehicle telematics and growing safety standards in the automotive industry are likely to drive automakers to incorporate more safety and security features in their new vehicle models as a standard one and thus anticipated to experience a faster growth for telematics devices used for vehicle safety and security application during the forecast period.

Asia-Pacific Expected to Capture Major Market Share

Asia-Pacific telematics is one of the fastest emerging markets, due to its growing demand for fuel-efficient vehicles along with navigation feature (such as GPS) as a standard option to tackle issues like growing fuel prices, an increasing number of accidents, and vehicle thefts.

Developing countries like India has recently released India’s first ARAI (Automotive Research Association of India) certified AIS (Automotive Industry Standard) 140 – compliant vehicle telematics and emergency button solution.
  • The AIS 140 regulation is in line with the Indian Ministry of Road Transport and Highways (MoRTH) 2016 dictat.
  • The implementation of AIS 140 regulation began from April 1, 2018, and mandates a vehicle tracking device and one or more emergency buttons in all existing and new public service vehicles.
Thus, the implementation of above such regulations toward improving vehicle safety & security features across Asia-Pacific countries is expected to propel faster adoption of vehicle telematics during the forecast period.

Competitive Landscape

The global automotive telematics market is highly fragmented due to the presence of many regional players. However, some of the major players, like Continental AG, Denso Corporation, Ficosa International SA, Magnetic Marelli SpA, Robert Bosch, etc., have captured significant shares in the market.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Actia Group
  • Continental AG
  • Ficosa International SA
  • Magnetic Marelli SpA
  • NavInfo Co.,Ltd.
  • Octo Telematics
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Service
5.1.1 Infotainment and Navigation
5.1.2 Fleet Management
5.1.3 Safety and Security
5.1.4 Diagnostics
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Rest of Asia-Pacific
5.2.4 Rest of the World
5.2.4.1 Brazil
5.2.4.2 Saudi Arabia
5.2.4.3 Other Countries

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles
6.2.1 Continental AG
6.2.2 Robert Bosch GmbH
6.2.3 Clarion Co., Ltd. (Faurecia Clarion Electronics)
6.2.4 Actia Group
6.2.5 Octo Telematics
6.2.6 Magnetic Marelli SpA
6.2.7 Valeo Group
6.2.8 NavInfo Co.,Ltd.
6.2.9 Ficosa International SA

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Continental AG
  • Robert Bosch GmbH
  • Clarion Co., Ltd. (Faurecia Clarion Electronics)
  • Actia Group
  • Octo Telematics
  • Magnetic Marelli SpA
  • Valeo Group
  • NavInfo Co.,Ltd.
  • Ficosa International SA
Note: Product cover images may vary from those shown
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