The global automotive embedded telematics market size is expected to be worth around US$ 42.70 billion by 2030, according to a new report by Vision Research Reports.
The global automotive embedded telematics market size was valued at US$ 10.73 billion in 2020 and is anticipated to grow at a CAGR of 21.9% during forecast period 2021 to 2030.
|Market Size||US$ 42.70 Bn by 2030|
|Growth Rate||CAGR of 21.9% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Component, Solution, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Ford Motor Company; Continental AG; General Motors Company; TomTom Telematics BV; Hyundai Motor Company; Toyota Motor Corporation; MiX Telematics International Ltd.; INFINITI Motor Company Ltd.; BMW Group; and Verizon Connect|
The increasing volumes of passenger and commercial vehicles and demand for improved in-vehicle connectivity in the Asia Pacific region are expected to accelerate market growth. The installation/inclusion of features such as automatic collision notifications, hands-free calling, and driver assistance in connected passenger and commercial vehicles further encourages the growing adoption of automotive embedded telematics systems. Introduction of navigation services, along with the implementation of data services such as application-based services, content management, among others are anticipated to further fuel the demand in the near future.
Increased demand for real-time vehicle tracking and advanced driver safety features are some of the factors expected to drive the market growth. The automotive embedded telematics market is expected to witness significant growth over the forecast period on account of the provision of customization options such as bundled packages, pay-per-use services, and premium subscription services.
By Component Analysis
The telematics hardware comprises Telematics Control Unit (TCU), Wi-Fi module, display screen, speaker, GSM/GPRS module, and amplifiers, among others. Growing focus on Pay-As-You-Drive (PAYD) vehicle insurance services is expected to drive the adoption of hardware over the forecast period. The demand for the services segment is likely to witness a rise in the forthcoming years owing to the increase in service content.
By Solution Analysis
The escalated frequency of road accidents emphasizes the dire need for effective implementation of safety and security solutions with reference to automotive and passenger safety. Smart locking systems and stolen vehicle tracking systems are among the most widely used security solutions that make use of embedded telematics systems.
Remote vehicle diagnostics help the user detect and resolve vehicle malfunctions and thereby work towards preventing or reducing vehicle downtime. The diagnostics process involves determining single or multiple issues with a selective set of tools and performing minimal tests.
By Application Analysis
The increasing penetration of international automotive brands for instance- BMW and Ford- in developing regions, is expected to encourage the adoption of automotive embedded telematics systems in vehicles for entertainment and navigation applications.
The commercial vehicles segment is projected to witness substantial growth in the forthcoming years, owing to the development of transport infrastructure, chiefly in developing regions.
By Regional Analysis
North America and Europe are well-established and dominant regional markets that exhibit the pervasive application of automotive embedded telematics systems. The installation of advanced safety systems has been mandated by governments through various regulations.
Asia Pacific is expected to witness notable growth owing to the increase in disposable incomes in emerging economies such as China and India, which in turn, leads to a rise in vehicle sales.
Ford Motor Company, Continental AG, General Motors Company, TomTom Telematics BV, Hyundai Motor Company, Toyota Motor Corporation, MiX Telematics International Ltd., INFINITI Motor Company Ltd., BMW Group, and Verizon Connect.
Safety & Security
Information & Navigation
Middle East & Africa (MEA)
The Automotive Embedded Telematics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Embedded Telematics market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Embedded Telematics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Embedded Telematics market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Embedded Telematics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Embedded Telematics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Embedded Telematics by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Embedded Telematics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Embedded Telematics market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Embedded Telematics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Embedded Telematics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive Embedded Telematics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Embedded Telematics market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Embedded Telematics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Embedded Telematics market. These factors have benefited the growth of the global market for Automotive Embedded Telematics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Embedded Telematics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Automotive Embedded Telematics are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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