Consumer Telematics Market By Type (Automotive OEM Services (Embedded and Hybrid) and After Market (Embedded and Portable)), By Application (Solutions and Services), By End User (Car (owned and rental based), Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers/Dealers, and Government Agencies), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Consumer telematics is a technology used to transfer a large amount of data from one vehicle to other vehicle infrastructure. Telematics monitor the vehicle with the help of the GPS system. It maps and records the correct location of the vehicle and also gives information regarding the speed of the vehicle. Telematics also provides information regarding vehicle management like fuel monitoring, maintenance schedule, and seat belt monitoring.

Increasing demand for superior driving experience

In some regions such as Brazil and China, the government legislation makes it compulsory for everyone to adopt telematics in vehicles. In addition, growing concern related to vehicle safety tracking and security are boosting the demand for consumer telematics solution in these regions.

Technology collaborations and agreements

In past few years, telematics has brought insurance companies and auto manufacturer into alliance, with both the industry realizing the potential and importance of telematics.  Automakers found advantage in using telematics as it helps them to keep the strong trust of the customer in terms of fuel safety and efficiency.

Rising demand for big data analytics

Increasing demand for big data analytics and related services is also a main factor impelling the growth of the global market. Further, proliferation of cloud-based services in order to deliver personalized experience to the end-user is also projected to boost the market’s demand growth.

However, high-cost of consumer telematics equipment, growing hacking activity, and poor internet connectivity in developing economies is anticipated to hamper growth of the global market.

Consumer telematics market is segmented based on type, application, end-user, and region.

On the basis of type, the consumer telematics market is segmented into automotive OEM services (embedded and hybrid) and After Market (embedded and portable). Based on application, the global market is classified into solutions and services. On the basis of end-user, the global market is classified into car (owned and rental based), insurance, healthcare, media & entertainment, vehicle manufacturers/dealers, and government agencies.

Regional Insights:

On region, the consumer telematics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2018, the global market in North America is projected to emerge as the dominant region with the development of several products and programs regarding consumer telematics. The Asia Pacific is also projected to register considerable growth over the forecast period due to high automotive demand across the regional 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 2019 to 2029. For the purpose of this study, has segmented the global consumer telematics market report based on product type, application, end-user, and region:

Consumer Telematics Market, By Product Type:

• Automotive OEM Services
  • Embedded
  • Hybrid
• After Market
  • Embedded
  • Portable

Consumer Telematics Market, By Application:

• Solutions

• Fleet/Asset Management
• Navigation and location based
• Infotainment
• Insurance Telematics
• V2v and V2i
• Tele-health
• Remote Alarm & Monitoring

• Services

• Design & Consulting
• Integration & Deployment
• Maintenance & Training

Consumer Telematics Market, By End-user:

• Car (owned and rental based)
• Insurance
• Healthcare
• Media & Entertainment
• Vehicle manufacturers/dealers
• Government agencies

Consumer Telematics Market, By Region:

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

The key players operating the consumer telematics market includes Verizon communications, AT&T Inc., Ford Motor Company, BMW AG, Robert Bosch GmbH, Valeo S.A, Harman International industries, Vodafone Group Plc., Telefonica S.A, and Continental AG. For instance, on September 2018, Ford Motor Company declared new Ford Telematics and Ford data services solutions for fleet customers.

• Verizon communications
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• AT&T Inc.
• Ford Motor Company
• BMW AG
• Robert Bosch GmbH
• Valeo S.A
• Harman International industries
• Vodafone Group Plc.
• Telefonica S.A
• Continental AG

“*” marked represents similar segmentation in other categories in the respective section.