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Global Automotive Telematics Market, By Component (Hardware, Software, Services), By Vehicle Type (LCV, Two-Wheeler, Others), By Connectivity (Satellite, Cellular), By Channel (Aftermarket, OEMs), By Application, Estimation & Forecast, 2017 - 2027

  • ID: 5411595
  • Report
  • April 2021
  • Region: Global
  • 192 Pages
  • Astute Analytica
Global Automotive Telematics Market is Projected to Grow at a CAGR of 19.4% During the Forecast Period 2017-2027

FEATURED COMPANIES

  • Act Soft
  • AT&T
  • Continental AG
  • Harman International
  • LG Electronics
  • Masternaut Limited
The global automotive telematics market held a market value of USD 37,102.6 Million in 2020 and is forecasted to reach USD 123,487.5 Million by the year 2027. The market is expected to register a CAGR of 19.4% during the forecast period.

Automotive telematics is a communication technology for the automobile industry which is based on the information flowing to and generated from the vehicles through wireless networks. The market is anticipated to be driven by the rising adoption of NGTP would enhance the telematics service delivery coupled with the favourable government initiatives and the rising technology penetration.

Despite the driving factors the increased communication, leading to security and privacy concern are expected to hinder the market growth. The automotive telematics assisted in reducing the fleet costs during the COVID-19 pandemic, which helped in boosting the growth in the market.

Growth Influencers:


Increasing adoption of NGTP enhances the telematics service delivery

NGTP or next-generation telematics protocol enables over-the-air delivery of integrated data and services for a range of connected vehicles. The protocol helps in the implementation of an enhanced in-vehicle telematics approach. NGTP also presents a standard uniform for delivering end-to-end telematics services. It also works with older vehicles. Therefore, the rising adoption of NGTP would enhance the telematics service delivery is expected to boost the market growth.

Segments Overview:


The global automotive telematics market is segmented into component, application, vehicle type, connectivity, and channel.

By Component,

  • Hardware
  • Self-contained Telematics Units (TCU)
  • GPS Devices
  • Software Platform
  • Services
  • Consulting
  • Implementation
  • Maintenance
  • Telematics as a Service

The hardware segment is anticipated to hold the largest market share of about 68% owing to the rising demand for GPS devices in automotive telematics. Within the segment, the GPS devices segment is expected to surpass a market volume of 370,465.2 thousand units in 2027. Within the services segment, the maintenance segment is estimated to witness the fastest CAGR of 21%.

By Application,

  • Automatic Crash Notification
  • Billing Services
  • Driver Behavior
  • Emergency Calling
  • Insurance Risk Assessment
  • Navigation
  • On-Road Assistance
  • Remote Diagnostics
  • Vehicle Tracking/Recovery (Fleet Management)
  • Others

The vehicle tracking/recovery (fleet management) is expected to hold the largest market share of around 25% owing to the fuel efficiency and decrease in the cost of running a business. The on-road assistance segment is estimated to cross a market value of around USD 9,700 million by 2025.

By Vehicle Type,

  • Light Commercial Vehicles
  • Passenger Car
  • Electric Vehicles
  • ICE Vehicles
  • Heavy Vehicles
  • Two-Wheeler
  • Others

The passenger car segment held the largest market share of around 50% owing to high demand of automotive telematics in passenger cars. Within this segment, the electric vehicles segment grew at a CAGR of about 21.3% owing to rising adoption of electric vehicles globally.

By Connectivity,

  • Satellite
  • Cellular

The satellite segment is expected to hold the largest market share owing to rising adoption of satellite connectivity over cellular connectivity for automotive telematics.

By Channel,

  • Aftermarket
  • OEMs

The OEMs segment held the largest market share owing to increasing usage of automotive telematics in the OEMs segment as compared to the aftermarket segment. However, the aftermarket segment is also estimated to grow at significant rates during the forecast period.

Regional Overview


On a regional basis, the global automotive telematics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The Europe region held the largest market share of about 32% owing to the presence of major automotive companies in the region, globally. The North America and Middle East & Africa region are also expected to grow at significant rates during the forecast period.

The Asia Pacific region held the second largest market share owing to the presence of emerging economies, such as China and India. The region constitutes countries such as Singapore, Malaysia, China, Japan, Thailand, Vietnam, Australia & New Zealand, and Indonesia, among other countries.

Competitive Landscape


Key players operating in the global automotive telematics market include Robert Bosch GmbH, Continental AG, LG Electronics, Verizon, Harman International, Delphi Automotive Plc, Visteon Corporation, Magneti Marelli S.P.A., Tomtom International BV, Qualcomm Technologies Inc., Intel Corporation, Trimble Inc, AT&T, Octo Telematics, Airbiquity Inc., Masternaut Limited, The Descartes Systems Group Inc., Box Telematics, Act Soft, and Other Prominent Players.

Major 4 players in the market hold about 65% of the market share. These players are involved in mergers & acquisitions, product launches, and collaboration, among others. For instance, in July 2021, Marelli entered into a strategic technological partnership with SMRP BV for providing smart illuminated exterior parts of vehicles.

The global automotive telematics market report provides insights on the below pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the prominent players
  • Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
  • Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global automotive telematics market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
  • Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The global automotive telematics market report answers questions such as:

  • What is the market size and forecast of the Global Automotive telematics Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Automotive telematics Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Automotive telematics Market?
  • What is the competitive strategic window for opportunities in the Global Automotive telematics Market?
  • What are the technology trends and regulatory frameworks in the Global Automotive telematics Market?
  • What is the market share of the leading players in the Global Automotive telematics Market?
  • What modes and strategic moves are considered favorable for entering the Global Automotive telematics Market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Act Soft
  • AT&T
  • Continental AG
  • Harman International
  • LG Electronics
  • Masternaut Limited
Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

Chapter 2. Research Methodology
2.1. Qualitative Research
2.2. Quantitative Research
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation

Chapter 3. Executive Summary: Global Automotive Telematics Market

Chapter 4. Global Automotive Telematics Market Overview
4.1. Industry Value Chain Analysis
4.2. Industry Outlook
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.5. Market Dynamics and Trends
4.6. Covid-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.8. Competition Dashboard

Chapter 5. Automotive Telematics Market Analysis, By Component
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)

Chapter 6. Automotive Telematics Market Analysis, By Application
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)

Chapter 7. Automotive Telematics Market Analysis, By Vehicle Type
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)

Chapter 8. Automotive Telematics Market Analysis, By Connectivity
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)

Chapter 9. Automotive Telematics Market Analysis, By Channel
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)

Chapter 10. Automotive Telematics Market Analysis, By Region/Country
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 11. North America Automotive Telematics Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 12. Europe Automotive Telematics Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 13. Asia Pacific Automotive Telematics Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 14. China Automotive Telematics Market Analysis
14.1. Key Insights
14.2. Market Dynamics - Impact Analysis
14.3. Key Players
14.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 15. Japan Automotive Telematics Market Analysis
15.1. Key Insights
15.2. Market Dynamics - Impact Analysis
15.3. Key Players
15.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 16. Singapore Automotive Telematics Market Analysis
16.1. Key Insights
16.2. Market Dynamics - Impact Analysis
16.3. Key Players
16.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 17. Malaysia Automotive Telematics Market Analysis
17.1. Key Insights
17.2. Market Dynamics - Impact Analysis
17.3. Key Players
17.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 18. Vietnam Automotive Telematics Market Analysis
18.1. Key Insights
18.2. Market Dynamics - Impact Analysis
18.3. Key Players
18.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 19. Thailand Automotive Telematics Market Analysis
19.1. Key Insights
19.2. Market Dynamics - Impact Analysis
19.3. Key Players
19.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 20. Myanmar Automotive Telematics Market Analysis
20.1. Key Insights
20.2. Market Dynamics - Impact Analysis
20.3. Key Players
20.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 21. Australia & New Zealand Automotive Telematics Market Analysis
21.1. Key Insights
21.2. Market Dynamics - Impact Analysis
21.3. Key Players
21.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 22. Indonesia Automotive Telematics Market Analysis
22.1. Key Insights
22.2. Market Dynamics - Impact Analysis
22.3. Key Players
22.4. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 23. Middle East & Africa Automotive Telematics Market Analysis
23.1. Key Insights
23.2. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 24. South America Automotive Telematics Market Analysis
24.1. Key Insights
24.2. Market Size and Forecast, 2017 - 2027 (US$ Mn and Mn Units)

Chapter 25. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
25.1. Robert Bosch GmbH
25.2. Continental AG
25.3. LG Electronics
25.4. Verizon
25.5. Harman International
25.6. Delphi Automotive Plc
25.7. Visteon Corporation
25.8. Magneti Marelli S.P.A.
25.9. Tomtom International BV
25.10. Qualcomm Technologies Inc.
25.11. Intel Corporation
25.12. Trimble Inc
25.13. AT&T
25.14. Octo Telematics
25.15. Airbiquity Inc.
25.16. Masternaut Limited
25.17. The Descartes Systems Group Inc.
25.18. Box Telematics
25.19. Act Soft
25.20. Other Prominent Players
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Robert Bosch GmbH
  • Continental AG
  • LG Electronics
  • Verizon
  • Harman International
  • Delphi Automotive Plc
  • Visteon Corporation
  • Magneti Marelli S.P.A.
  • Tomtom International BV
  • Qualcomm Technologies Inc.
  • Intel Corporation
  • Trimble Inc
  • AT&T
  • Octo Telematics
  • Airbiquity Inc.
  • Masternaut Limited
  • The Descartes Systems Group Inc.
  • Box Telematics
  • Act Soft
Note: Product cover images may vary from those shown