Automotive Telematics Market By Product (Embedded Devices, Tethered Devices, and Integrated Smartphones), By Vehicle (Passenger Cars and Commercial Vehicles), By Installation (OEM and Aftermarket), By Application (Remote Diagnostics, Navigation & Infotainment, Safety & Security, and Others), and By Region - Trends, Analysis and Forecast till 2030

Automotive telematics market accounted for USD 41.23 Billion in 2020 and is estimated to be USD 217.65 Billion by 2030 and is anticipated to register a CAGR of 18.3%.

Telematics involves monitoring location and movement of a vehicle by linking global positioning system (GPS) and on-boards diagnostics systems. GPS and diagnostics system helps to record the speed and internal behavior of vehicles. Telematics systems are mainly adopted by fleet man installation companies, automobile insurance companies, and others to monitor behavior and location of a vehicle. The information is shared between vehicle and the telecommunications company via wireless cellular connection. Tracking work trucks on their daily routes, electronically monitoring fuel usage and mileage are some of the examples of telematics. The purpose of telematics is to deliver digital blueprint of every aspect of vehicles, helping managers to understand where improvements are needed, and enhancing standards of vehicles.

Rising technological advancement

Rising adoption of connected vehicle technology in commercial vehicle is the primary factor driving growth of the global market. Some of the emerging sensor-based technologies are recognition of collision avoiding maneuvers, road signs, driver face-expression detection, pre-crash deployment of airbags and seatbelts, obstacle detection and so on. These sensors are used to sense and react to the obstacles and also ensure the safety of the commuters. There is a dynamic shift in terms of demand-side behavior in the automotive industry. For example, BMW vehicles connect to Deutsche Telekom's Smart Home app to offer users control for their home heating and lighting. The new car ownership Products such a cab services, carpooling, rentals are raising in number due to several reasons like environmental concerns, traffic congestion, and so on. To adapt to these changes, the OEMs are focusing on driverless, autonomous vehicle concept, thus driving growth of the global market.

However, technical related challenges and maintenance cost of such technologies might hamper growth of the global market to a certain extent.

Automotive telematics market is segmented based on product, vehicle, installation, application, and region.

Based on product, the automotive telematics market is segmented into embedded devices, tethered devices, and integrated smartphones.  Based on vehicle, the target market is classified into passenger cars and commercial vehicles.  Based on installation, the global market is segmented into OEM and aftermarket. Based on application, the global market is classified into remote diagnostics, navigation & infotainment, safety & security, and others. 

Regional Insights:

On region the Automotive telematics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is dominated the largest market share. Growing demand for productivity across the commercial vehicle sector and rising penetration of 4G networks is one of the primary factors boosting growth of the Asia-Pacific region. In addition, growing system innovations and investments in the R&D for product launch is supplementing growth of the European region. Moreover, luxury vehicles having high spending power are fueling the demand in the automotive industry in the European region. Rising adoption of electric vehicles and growing popularity are one of the major factors leading to the development of the European region. Germany, Norway, the UK, and France contribute to the highest revenues in the European market.

Report Scope:

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the automotive telematics market report based on product, vehicle, installation, application, and region.

Automotive Telematics Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the automotive telematics market includes Masternaut Limited, Trimble Inc., TomTom Telematics B. V, Verizon, Inc., I.D. Systems, Inc., Robert Bosch GmbH, Airbiquity Inc., MiX Telematics, Harman International Industries, Inc., Teletrac Navman, and CARTRACK.

• Masternaut Limited
• Trimble, Inc.
• TomTom Telematics B.V
• Verizon, Inc.
• I.D. Systems, Inc.
• Robert Bosch GmbH
• Airbiquity, Inc.
• MiX Telematic
• Harman International Industries, Inc.
• Teletrac Navman
• CARTRACK