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The size of the worldwide automotive telematics market was estimated at USD 49.89 billion in 2022, and from 2023 to 2030, it is anticipated to expand at a CAGR of 17.6%. The desire for technologically upgraded, high-performance vehicles is driving up the integration of automotive telematics systems. Additionally, major participants in the automotive sector, including Ford Motor Company, are enhancing their current telematics solutions in a number of different ways. They are creating a telematics system that is adaptable to many car types, which is promoting the market's expansion. Despite strong growth in the automobile telematics sector during 2018, the COVID-19 epidemic in 2019 has slowed the market's expansion. The automotive industry has suffered as a result of the global lockdown and supply chain disruptions.
The year 2020 saw a y-o-y reduction of roughly -7% as vehicle production stalled and sales of autos decreased, which had a domino effect on the market. However, post-pandemic government attempts to promote the use of alternative fuel cars have increased the sales of electric vehicles and fueled the market's demand for tracking tools such automotive telematics systems.
For all of the next passenger car models on the market, the major players in the automotive telematics sector are concentrating on providing fleet management services. For instance, Ford Motor Company began integrating fleet monitoring systems for all of its forthcoming automobile models in April 2021. Customers received notices from the company's feature of vehicle management and monitoring services, which is integrated with a fleet-wide driver behaviour dashboard and helps to lower the likelihood of human driving errors. The company's given Ford telematics system can manage the fleet independent of the OEM because it is plug-in compatible with non-Ford vehicles.
Additionally, the U.S. government is implementing multiple measures to increase traffic safety, which is anticipated to generate a lot of development prospects for the market's suppliers of vehicle telematics systems. For instance, the U.S. Federal government awarded a contract to Geotab Inc. in January 2022 to enhance the capabilities of the current vehicle fleet with linked vehicle technology. Geotab is one of the leading players in the Internet of Things (IoT) and connected transport sector. Additionally, it is anticipated that the mandated integration of the Electronic Logging Device (ELD) in U.S. commercial vehicles and the pairing of the ELD with the telematics system will increase market demand for automobile telematics.
The market is divided into embedded, tethered, and integrated segments based on the type of technology used. More than 65% of the global market will be accounted for by the embedded segment in 2022. The growing incorporation of automotive telematics systems from well-known automakers in passenger and commercial vehicles is responsible for the segment's high market share. The expansion of the embedded automotive telematics market is also being aided by an increase in the adoption of cloud-based embedded telematics systems for fleet tracking in autonomous vehicles.
Report Coverage
Global Automotive Telematics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Telematics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Telematics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Telematics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Telematics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Telematics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ford Motor Company; Toyota Motor Corporation; Mercedes-Benz AG; Volkswagen AG; General Motors Company; BMW Motors; AB Volvo; Hyundai Motor Company; Tata Motors; Nissan Motor Co., Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Telematics market based on the below-mentioned segments:
Global Automotive Telematics Market, By Technology
Embedded
Tethered
Integrated
Global Automotive Telematics market, By Application
Information & Navigation
Safety & Security
Fleet Management
Insurance Telematics
Others
Global Automotive Telematics Market, By Vehicle Type
Passenger
Commercial
Global Automotive Telematics market, Regional Analysis
The year 2020 saw a y-o-y reduction of roughly -7% as vehicle production stalled and sales of autos decreased, which had a domino effect on the market. However, post-pandemic government attempts to promote the use of alternative fuel cars have increased the sales of electric vehicles and fueled the market's demand for tracking tools such automotive telematics systems.
For all of the next passenger car models on the market, the major players in the automotive telematics sector are concentrating on providing fleet management services. For instance, Ford Motor Company began integrating fleet monitoring systems for all of its forthcoming automobile models in April 2021. Customers received notices from the company's feature of vehicle management and monitoring services, which is integrated with a fleet-wide driver behaviour dashboard and helps to lower the likelihood of human driving errors. The company's given Ford telematics system can manage the fleet independent of the OEM because it is plug-in compatible with non-Ford vehicles.
Additionally, the U.S. government is implementing multiple measures to increase traffic safety, which is anticipated to generate a lot of development prospects for the market's suppliers of vehicle telematics systems. For instance, the U.S. Federal government awarded a contract to Geotab Inc. in January 2022 to enhance the capabilities of the current vehicle fleet with linked vehicle technology. Geotab is one of the leading players in the Internet of Things (IoT) and connected transport sector. Additionally, it is anticipated that the mandated integration of the Electronic Logging Device (ELD) in U.S. commercial vehicles and the pairing of the ELD with the telematics system will increase market demand for automobile telematics.
The market is divided into embedded, tethered, and integrated segments based on the type of technology used. More than 65% of the global market will be accounted for by the embedded segment in 2022. The growing incorporation of automotive telematics systems from well-known automakers in passenger and commercial vehicles is responsible for the segment's high market share. The expansion of the embedded automotive telematics market is also being aided by an increase in the adoption of cloud-based embedded telematics systems for fleet tracking in autonomous vehicles.
Report Coverage
Global Automotive Telematics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Telematics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Telematics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Telematics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ford Motor Company; Toyota Motor Corporation; Mercedes-Benz AG; Volkswagen AG; General Motors Company; BMW Motors; AB Volvo; Hyundai Motor Company; Tata Motors; Nissan Motor Co., Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Telematics Market from 2021 to 2030.
- Market Forecast for Automotive Telematics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Telematics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Telematics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Telematics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Telematics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ford Motor Company; Toyota Motor Corporation; Mercedes-Benz AG; Volkswagen AG; General Motors Company; BMW Motors; AB Volvo; Hyundai Motor Company; Tata Motors; Nissan Motor Co., Ltd.
Primary Target Market
- Market Players of Automotive Telematics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Telematics market based on the below-mentioned segments:
Global Automotive Telematics Market, By Technology
Embedded
Tethered
Integrated
Global Automotive Telematics market, By Application
Information & Navigation
Safety & Security
Fleet Management
Insurance Telematics
Others
Global Automotive Telematics Market, By Vehicle Type
Passenger
Commercial
Global Automotive Telematics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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